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

ILLIMITY BANK
- EUR (-)
- 15 min delayed data - Italy Stocks
Type: Stocks
Ticker: ILTY
ISIN: IT0005359192

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
67%
6%
28%
My opinion
Bullish above 4.676 EUR
My targets
4.800 EUR (+1.61%)
4.850 EUR (+2.67%)
My analysis
ILLIMITY BANK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.676 EUR. The next resistance located at 4.800 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.850 EUR. After this resistance, buyers could then target 4.916 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The ILLIMITY BANK price is 4.724 EUR. The price has increased by +1.81% since the last closing and was traded between 4.610 EUR and 4.772 EUR over the period. The price is currently at +2.47% from its lowest and -1.01% from its highest.

4.610
4.772
4.724

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

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, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of ILLIMITY BANK indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bullish. 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



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.492 4.613 4.676 4.724 4.800 4.850 4.916
Change (%) -4.91% -2.35% -1.02% - +1.61% +2.67% +4.06%
Change -0.232 -0.111 -0.048 - +0.076 +0.126 +0.192
Level Intermediate Major Major - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.5014.5534.5974.6494.6934.7454.789
Camarilla4.6144.6224.6314.6404.6494.6584.666
Woodie4.4964.5514.5924.6474.6884.7434.784
Fibonacci4.5534.5904.6134.6494.6864.7094.745


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.3774.4354.5494.6074.7214.7794.893
Camarilla4.6174.6334.6484.6644.6804.6964.711
Woodie4.4064.4494.5784.6214.7504.7934.922
Fibonacci4.4354.5004.5414.6074.6724.7134.779


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.8554.2094.4684.8225.0815.4355.694
Camarilla4.5594.6164.6724.7284.7844.8404.897
Woodie3.8094.1854.4224.7985.0355.4115.648
Fibonacci4.2094.4434.5884.8225.0565.2015.435

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): 56.45
MACD (12,26,9): 0.0220
Directional Movement: 0.832
AROON (14): 28.572
DEMA (21): 4.716
Parabolic SAR (0,02-0,02-0,2): 4.668
Elder Ray (13): 0.011
Super Trend (3,10): 4.591
Zig ZAG (10): 4.720
VORTEX (21): 0.9600
Stochastique (14,3,5): 68.68
TEMA (21): 4.723
Williams %R (14): -31.33
Chande Momentum Oscillator (20): 0.060
Repulse (5,40,3): -0.1620
ROCnROLL: 1
TRIX (15,9): 0.0550
Courbe Coppock: 2.03
MA7: 4.642
MA20: 4.562
MA50: 4.700
MA100: 4.760
MAexp7: 4.713
MAexp20: 4.688
MAexp50: 4.653
MAexp100: 4.623
Price / MA7: +1.77%
Price / MA20: +3.55%
Price / MA50: +0.51%
Price / MA100: -0.76%
Price / MAexp7: +0.23%
Price / MAexp20: +0.77%
Price / MAexp50: +1.53%
Price / MAexp100: +2.18%

Quotes : - 15 min delayed data - Actions Italie