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

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	HUBB
ISIN:

Londinia

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%

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

8.6

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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:

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:

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

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	376.30	382.75	388.52	394.97	400.74	407.19	412.96
Camarilla	390.93	392.05	393.17	394.29	395.41	396.53	397.65
Woodie	375.96	382.58	388.18	394.80	400.40	407.02	412.62
Fibonacci	382.75	387.42	390.30	394.97	399.64	402.52	407.19

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	356.55	362.51	373.55	379.51	390.55	396.51	407.55
Camarilla	379.91	381.46	383.02	384.58	386.14	387.70	389.26
Woodie	359.08	363.78	376.08	380.78	393.08	397.78	410.08
Fibonacci	362.51	369.01	373.02	379.51	386.01	390.02	396.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	303.26	324.65	359.54	380.93	415.82	437.21	472.10
Camarilla	378.94	384.10	389.26	394.42	399.58	404.74	409.90
Woodie	310.00	328.03	366.28	384.31	422.56	440.59	478.84
Fibonacci	324.65	346.15	359.43	380.93	402.43	415.71	437.21

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

News

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