Londinia Opportunities Analyses - 08/29/2024 (GMT) SECO - 1H
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EUR
(-)
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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.
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2.438 | 2.472 | 2.508 | 2.542 | 2.578 | 2.612 | 2.648 |
| Camarilla | 2.526 | 2.532 | 2.539 | 2.545 | 2.551 | 2.558 | 2.564 |
| Woodie | 2.440 | 2.473 | 2.510 | 2.543 | 2.580 | 2.613 | 2.650 |
| Fibonacci | 2.472 | 2.498 | 2.515 | 2.542 | 2.568 | 2.585 | 2.612 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.230 | 2.315 | 2.435 | 2.520 | 2.640 | 2.725 | 2.845 |
| Camarilla | 2.499 | 2.517 | 2.536 | 2.555 | 2.574 | 2.593 | 2.611 |
| Woodie | 2.248 | 2.324 | 2.453 | 2.529 | 2.658 | 2.734 | 2.863 |
| Fibonacci | 2.315 | 2.393 | 2.442 | 2.520 | 2.598 | 2.647 | 2.725 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.885 | 2.215 | 2.400 | 2.730 | 2.915 | 3.245 | 3.430 |
| Camarilla | 2.443 | 2.491 | 2.538 | 2.585 | 2.632 | 2.679 | 2.727 |
| Woodie | 1.813 | 2.179 | 2.328 | 2.694 | 2.843 | 3.209 | 3.358 |
| Fibonacci | 2.215 | 2.412 | 2.533 | 2.730 | 2.927 | 3.048 | 3.245 |
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 :
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15 min delayed data
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Actions Italie
News
The latest news and videos published on SECO at the time of the analysis were as follows: