Londinia Opportunities Analyses - 08/30/2024 (GMT) HUBBELL INC - 1H

HUBBELL INC
- USD (-)
- 15 min delayed data - NYSE Stocks
Type: Stocks
Ticker: HUBB
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • U.S. Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 394.23 USD
My targets
402.33 USD (+1.16%)
410.42 USD (+3.20%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HUBBELL INC as long as the price remains well above 394.23 USD. The buyers' bullish objective is set at 402.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 410.42 USD. If there is any crossing, the next objective would be the resistance located at 421.75 USD. 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
8.6

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Additional analysis

Quotes

The HUBBELL INC price is 397.70 USD. On the day, this instrument gained +0.55% with the lowest point at 393.81 USD and the highest point at 399.29 USD. The deviation from the price is +0.99% for the low point and -0.40% for the high point.

393.81
399.29
397.70

A study of price movements over other periods shows the following variations:
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 this 1H chart of HUBBELL INC indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 369.77 375.32 394.23 397.70 402.33 410.42 421.75
Change (%) -7.02% -5.63% -0.87% - +1.16% +3.20% +6.05%
Change -27.93 -22.38 -3.47 - +4.63 +12.72 +24.05
Level Major Minor Major - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard376.30382.75388.52394.97400.74407.19412.96
Camarilla390.93392.05393.17394.29395.41396.53397.65
Woodie375.96382.58388.18394.80400.40407.02412.62
Fibonacci382.75387.42390.30394.97399.64402.52407.19


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard356.55362.51373.55379.51390.55396.51407.55
Camarilla379.91381.46383.02384.58386.14387.70389.26
Woodie359.08363.78376.08380.78393.08397.78410.08
Fibonacci362.51369.01373.02379.51386.01390.02396.51


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard303.26324.65359.54380.93415.82437.21472.10
Camarilla378.94384.10389.26394.42399.58404.74409.90
Woodie310.00328.03366.28384.31422.56440.59478.84
Fibonacci324.65346.15359.43380.93402.43415.71437.21

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): 61.49
MACD (12,26,9): 3.6900
Directional Movement: 10.21
AROON (14): 50.00
DEMA (21): 396.06
Parabolic SAR (0,02-0,02-0,2): 390.21
Elder Ray (13): 1.78
Super Trend (3,10): 389.03
Zig ZAG (10): 396.04
VORTEX (21): 1.1500
Stochastique (14,3,5): 65.44
TEMA (21): 397.52
Williams %R (14): -27.30
Chande Momentum Oscillator (20): 11.02
Repulse (5,40,3): 0.2400
ROCnROLL: 1
TRIX (15,9): 0.1200
Courbe Coppock: 5.03
MA7: 387.45
MA20: 376.70
MA50: 373.83
MA100: 381.42
MAexp7: 396.21
MAexp20: 391.23
MAexp50: 385.68
MAexp100: 381.11
Price / MA7: +2.65%
Price / MA20: +5.57%
Price / MA50: +6.39%
Price / MA100: +4.27%
Price / MAexp7: +0.38%
Price / MAexp20: +1.65%
Price / MAexp50: +3.12%
Price / MAexp100: +4.35%

Quotes : - 15 min delayed data - Actions NYSE