Londinia Opportunities Analyses - 12/02/2024 (GMT) FINECOBANK - 1H

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	FBK
ISIN:	IT0000072170

Londinia

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

83%

17%

My opinion

Bullish above 15.213 EUR

My targets

15.609 EUR (+1.65%)

16.140 EUR (+5.11%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FINECOBANK as long as the price remains well above 15.213 EUR. The buyers' bullish objective is set at 15.609 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.140 EUR. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

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Additional analysis

Quotes

FINECOBANK rating 15.355 EUR. The price registered an increase of +1.09% on the session with the lowest point at 15.060 EUR and the highest point at 15.365 EUR. The deviation from the price is +1.96% for the low point and -0.07% for the high point.

15.060

15.365

15.355

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this FINECOBANK chart shows a strongly bullish trend. 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.

The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	15.040	15.213	15.335	15.355	15.609	16.140
Change (%)	-2.05%	-0.92%	-0.13%	-	+1.65%	+5.11%
Change	-0.315	-0.142	-0.020	-	+0.254	+0.785
Level	Major	Minor	Intermediate	-	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.808	14.887	15.038	15.117	15.268	15.347	15.498
Camarilla	15.127	15.148	15.169	15.190	15.211	15.232	15.253
Woodie	14.845	14.905	15.075	15.135	15.305	15.365	15.535
Fibonacci	14.887	14.975	15.029	15.117	15.205	15.259	15.347

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.117	14.333	14.762	14.978	15.407	15.623	16.052
Camarilla	15.013	15.072	15.131	15.190	15.249	15.308	15.367
Woodie	14.223	14.386	14.868	15.031	15.513	15.676	16.158
Fibonacci	14.333	14.580	14.732	14.978	15.225	15.377	15.623

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.263	13.707	14.448	14.892	15.633	16.077	16.818
Camarilla	14.864	14.973	15.081	15.190	15.299	15.407	15.516
Woodie	13.413	13.781	14.598	14.966	15.783	16.151	16.968
Fibonacci	13.707	14.159	14.439	14.892	15.344	15.624	16.077

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):	70.54
MACD (12,26,9):	0.0910
Directional Movement:	5.734
AROON (14):	92.857
DEMA (21):	15.234
Parabolic SAR (0,02-0,02-0,2):	15.068
Elder Ray (13):	0.121
Super Trend (3,10):	15.056
Zig ZAG (10):	15.280
VORTEX (21):	1.1750
Stochastique (14,3,5):	91.76
TEMA (21):	15.257
Williams %R (14):	-11.43
Chande Momentum Oscillator (20):	0.260
Repulse (5,40,3):	0.5980
ROCnROLL:	1
TRIX (15,9):	0.0770
Courbe Coppock:	2.22

MA7:	14.949
MA20:	14.881
MA50:	14.947
MA100:	15.074
MAexp7:	15.218
MAexp20:	15.117
MAexp50:	14.979
MAexp100:	14.906
Price / MA7:	+2.72%
Price / MA20:	+3.19%
Price / MA50:	+2.73%
Price / MA100:	+1.86%
Price / MAexp7:	+0.90%
Price / MAexp20:	+1.57%
Price / MAexp50:	+2.51%
Price / MAexp100:	+3.01%

Quotes : - 15 min delayed data - Actions Italie

News

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