Londinia Opportunities Analyses - 11/18/2024 (GMT) IGD - 1H

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	IGD
ISIN:	IT0005322612

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

67%

11%

My opinion

Bearish under 2.260 EUR

My targets

2.065 EUR (-4.62%)

2.010 EUR (-7.16%)

My analysis

IGD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.260 EUR. The next support located at 2.065 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.010 EUR. Below this support, sellers could then target 1.830 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

7.5

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 IGD price is 2.165 EUR. The price is lower by -0.92% since the last closing with the lowest point at 2.145 EUR and the highest point at 2.200 EUR. The deviation from the price is +0.93% for the low point and -1.59% for the high point.

2.145

2.200

2.165

Here is a more detailed summary of the historical variations registered by IGD:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this IGD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.702	1.830	2.010	2.165	2.167	2.260	2.424
Change (%)	-21.39%	-15.47%	-7.16%	-	+0.09%	+4.39%	+11.96%
Change	-0.463	-0.335	-0.155	-	+0.002	+0.095	+0.259
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.132	2.148	2.167	2.183	2.202	2.218	2.237
Camarilla	2.175	2.179	2.182	2.185	2.188	2.191	2.195
Woodie	2.133	2.149	2.168	2.184	2.203	2.219	2.238
Fibonacci	2.148	2.162	2.170	2.183	2.197	2.205	2.218

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.985	2.065	2.125	2.205	2.265	2.345	2.405
Camarilla	2.147	2.159	2.172	2.185	2.198	2.211	2.224
Woodie	1.975	2.060	2.115	2.200	2.255	2.340	2.395
Fibonacci	2.065	2.119	2.152	2.205	2.259	2.292	2.345

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.190	2.295	2.380	2.485	2.570	2.675	2.760
Camarilla	2.413	2.430	2.448	2.465	2.482	2.500	2.517
Woodie	2.180	2.290	2.370	2.480	2.560	2.670	2.750
Fibonacci	2.295	2.368	2.412	2.485	2.558	2.602	2.675

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):	42.19
MACD (12,26,9):	-0.0090
Directional Movement:	-5.183
AROON (14):	-100.000
DEMA (21):	2.169
Parabolic SAR (0,02-0,02-0,2):	2.209
Elder Ray (13):	-0.023
Super Trend (3,10):	2.208
Zig ZAG (10):	2.155
VORTEX (21):	0.8940
Stochastique (14,3,5):	13.96
TEMA (21):	2.178
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-0.025
Repulse (5,40,3):	0.3590
ROCnROLL:	2
TRIX (15,9):	-0.0460
Courbe Coppock:	1.65

MA7:	2.193
MA20:	2.372
MA50:	2.456
MA100:	2.270
MAexp7:	2.171
MAexp20:	2.182
MAexp50:	2.219
MAexp100:	2.286
Price / MA7:	-1.28%
Price / MA20:	-8.73%
Price / MA50:	-11.85%
Price / MA100:	-4.63%
Price / MAexp7:	-0.28%
Price / MAexp20:	-0.78%
Price / MAexp50:	-2.43%
Price / MAexp100:	-5.29%

Quotes : - 15 min delayed data - Actions Italie

News

The last news published on IGD at the time of the generation of this analysis was as follows: