Londinia Opportunities Analyses - 08/29/2024 (GMT) SECO - 1H

SECO
- EUR (-)
- 15 min delayed data - Italy Stocks
Type: Stocks
Ticker: IOT
ISIN: IT0005438046

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • Europe Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 2.564 EUR
My targets
2.617 EUR (+1.24%)
2.680 EUR (+3.68%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SECO as long as the price remains well above 2.564 EUR. The buyers' bullish objective is set at 2.617 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.680 EUR. If there is any crossing, the next objective would be the resistance located at 2.837 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The SECO rating is 2.585 EUR. The price has increased by +1.57% since the last closing and was between 2.515 EUR and 2.585 EUR. This implies that the price is at +2.78% from its lowest and at 0% from its highest.

2.515
2.585
2.585

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of SECO in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.400 2.479 2.564 2.585 2.617 2.680 2.837
Change (%) -7.16% -4.10% -0.81% - +1.24% +3.68% +9.75%
Change -0.185 -0.106 -0.021 - +0.032 +0.095 +0.252
Level Intermediate Intermediate Minor - Major Minor Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.4382.4722.5082.5422.5782.6122.648
Camarilla2.5262.5322.5392.5452.5512.5582.564
Woodie2.4402.4732.5102.5432.5802.6132.650
Fibonacci2.4722.4982.5152.5422.5682.5852.612


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.2302.3152.4352.5202.6402.7252.845
Camarilla2.4992.5172.5362.5552.5742.5932.611
Woodie2.2482.3242.4532.5292.6582.7342.863
Fibonacci2.3152.3932.4422.5202.5982.6472.725


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.8852.2152.4002.7302.9153.2453.430
Camarilla2.4432.4912.5382.5852.6322.6792.727
Woodie1.8132.1792.3282.6942.8433.2093.358
Fibonacci2.2152.4122.5332.7302.9273.0483.245

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 61.04
MACD (12,26,9): 0.0140
Directional Movement: 7.950
AROON (14): 78.571
DEMA (21): 2.561
Parabolic SAR (0,02-0,02-0,2): 2.490
Elder Ray (13): 0.012
Super Trend (3,10): 2.486
Zig ZAG (10): 2.580
VORTEX (21): 1.0200
Stochastique (14,3,5): 76.19
TEMA (21): 2.564
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.065
Repulse (5,40,3): 2.5970
ROCnROLL: 1
TRIX (15,9): 0.0670
Courbe Coppock: 3.14
MA7: 2.521
MA20: 2.411
MA50: 2.683
MA100: 2.980
MAexp7: 2.558
MAexp20: 2.543
MAexp50: 2.515
MAexp100: 2.482
Price / MA7: +2.54%
Price / MA20: +7.22%
Price / MA50: -3.65%
Price / MA100: -13.26%
Price / MAexp7: +1.06%
Price / MAexp20: +1.65%
Price / MAexp50: +2.78%
Price / MAexp100: +4.15%

Quotes : - 15 min delayed data - Actions Italie

News


The latest news and videos published on SECO at the time of the analysis were as follows: