Londinia Opportunities Analyses - 01/17/2025 (GMT) SNAM - 1H

SNAM
- EUR (-)
- 15 min delayed data - Italy Stocks
Type: Stocks
Ticker: SRG
ISIN: IT0003153415

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
67%
6%
28%
My opinion
Bullish above 4.352 EUR
My targets
4.467 EUR (+1.85%)
4.530 EUR (+3.28%)
My analysis
The bullish trend is currently very strong on SNAM. As long as the price remains above the support at 4.352 EUR, you could try to benefit from the boom. The first bullish objective is located at 4.467 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.530 EUR as an objective. Crossing it would then enable buyers to target 4.584 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

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Additional analysis

Quotes

SNAM rating 4.386 EUR. The price is lower by -0.05% since the last closing with the lowest point at 4.332 EUR and the highest point at 4.396 EUR. The deviation from the price is +1.25% for the low point and -0.23% for the high point.

4.332
4.396
4.386

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of SNAM 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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



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

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.278 4.321 4.352 4.386 4.402 4.467 4.530
Change (%) -2.46% -1.48% -0.78% - +0.36% +1.85% +3.28%
Change -0.108 -0.065 -0.034 - +0.016 +0.081 +0.144
Level Intermediate Minor Major - Intermediate Major Minor



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
Standard4.2964.3154.3514.3704.4064.4254.461
Camarilla4.3734.3784.3834.3884.3934.3984.403
Woodie4.3064.3194.3614.3744.4164.4294.471
Fibonacci4.3154.3364.3494.3704.3914.4044.425


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.1694.2194.2604.3104.3514.4014.442
Camarilla4.2774.2854.2944.3024.3104.3194.327
Woodie4.1664.2174.2574.3084.3484.3994.439
Fibonacci4.2194.2534.2754.3104.3444.3664.401


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.8734.0364.1564.3194.4394.6024.722
Camarilla4.1994.2254.2514.2774.3034.3294.355
Woodie3.8534.0254.1364.3084.4194.5914.702
Fibonacci4.0364.1444.2114.3194.4274.4944.602

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 56.11
MACD (12,26,9): 0.0060
Directional Movement: -1.557
AROON (14): 0
DEMA (21): 4.377
Parabolic SAR (0,02-0,02-0,2): 4.391
Elder Ray (13): 0.009
Super Trend (3,10): 4.327
Zig ZAG (10): 4.381
VORTEX (21): 0.9750
Stochastique (14,3,5): 71.35
TEMA (21): 4.377
Williams %R (14): -23.44
Chande Momentum Oscillator (20): 0.042
Repulse (5,40,3): 0.1400
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.50
MA7: 4.354
MA20: 4.316
MA50: 4.336
MA100: 4.427
MAexp7: 4.375
MAexp20: 4.368
MAexp50: 4.355
MAexp100: 4.342
Price / MA7: +0.73%
Price / MA20: +1.62%
Price / MA50: +1.15%
Price / MA100: -0.93%
Price / MAexp7: +0.25%
Price / MAexp20: +0.41%
Price / MAexp50: +0.71%
Price / MAexp100: +1.01%

Quotes : - 15 min delayed data - Actions Italie

News


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