Londinia Opportunities Analyses - 11/20/2024 (GMT) EVISO - 1H

EVISO
- EUR (-)
- 15 min delayed data - Italy Stocks
Type: Stocks
Ticker: EVISO
ISIN: IT0005430936

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

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 6.08 EUR
My targets
6.32 EUR (+1.94%)
6.40 EUR (+3.23%)
My analysis
EVISO 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 6.08 EUR. The next resistance located at 6.32 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 6.40 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.

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

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Additional analysis

Quotes

The EVISO price is 6.20 EUR. On the day, this instrument gained +2.65% with the lowest point at 6.04 EUR and the highest point at 6.30 EUR. The deviation from the price is +2.65% for the low point and -1.59% for the high point.

6.04
6.30
6.20

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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 for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EVISO 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 detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1R1PriceR2R3
ProTrendLines 5.86 5.96 6.08 6.20 6.20 6.32 6.40
Change (%) -5.48% -3.87% -1.94% 0% - +1.94% +3.23%
Change -0.34 -0.24 -0.12 0 - +0.12 +0.20
Level Major Minor Minor Major - Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.815.915.976.076.136.236.29
Camarilla6.006.016.036.046.066.076.08
Woodie5.805.905.966.066.126.226.28
Fibonacci5.915.976.016.076.136.176.23


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.385.585.846.046.306.506.76
Camarilla5.976.026.066.106.146.186.23
Woodie5.415.605.876.066.336.526.79
Fibonacci5.585.765.866.046.226.326.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.595.075.435.916.276.757.11
Camarilla5.555.635.705.785.865.936.01
Woodie4.525.045.365.886.206.727.04
Fibonacci5.075.395.595.916.236.436.75

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): 56.98
MACD (12,26,9): 0.0100
Directional Movement: 1.95
AROON (14): 35.72
DEMA (21): 6.13
Parabolic SAR (0,02-0,02-0,2): 6.02
Elder Ray (13): 0.04
Super Trend (3,10): 6.00
Zig ZAG (10): 6.20
VORTEX (21): 0.8900
Stochastique (14,3,5): 74.81
TEMA (21): 6.13
Williams %R (14): -33.33
Chande Momentum Oscillator (20): 0.02
Repulse (5,40,3): 1.4100
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.74
MA7: 6.11
MA20: 5.96
MA50: 5.84
MA100: 5.44
MAexp7: 6.14
MAexp20: 6.12
MAexp50: 6.09
MAexp100: 6.04
Price / MA7: +1.47%
Price / MA20: +4.03%
Price / MA50: +6.16%
Price / MA100: +13.97%
Price / MAexp7: +0.98%
Price / MAexp20: +1.31%
Price / MAexp50: +1.81%
Price / MAexp100: +2.65%

Quotes : - 15 min delayed data - Actions Italie