VOCENTO - Daily - Technical analysis published on 06/07/2023 (GMT)
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- Timeframe : Daily
- - 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 0.688 EUR
My targets
0.758 EUR (+6.16%)
0.855 EUR (+19.79%)
My analysis
The bullish trend is currently very strong on VOCENTO. As long as the price remains above the support at 0.688 EUR, you could try to benefit from the boom. The first bullish objective is located at 0.758 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.855 EUR as an objective. Crossing it would then enable buyers to target 0.999 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
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VOCENTO price is 0.714 EUR. The price registered an increase of +5.00% on the session and was between 0.672 EUR and 0.728 EUR. This implies that the price is at +6.25% from its lowest and at -1.92% from its highest.0.672
0.728
0.714
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of VOCENTO 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.632 | 0.670 | 0.688 | 0.714 | 0.718 | 0.758 | 0.999 |
| Change (%) | -11.48% | -6.16% | -3.64% | - | +0.56% | +6.16% | +39.92% |
| Change | -0.082 | -0.044 | -0.026 | - | +0.004 | +0.044 | +0.285 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 0.633 | 0.649 | 0.665 | 0.681 | 0.697 | 0.713 | 0.729 |
| Camarilla | 0.671 | 0.674 | 0.677 | 0.680 | 0.683 | 0.686 | 0.689 |
| Woodie | 0.632 | 0.649 | 0.664 | 0.681 | 0.696 | 0.713 | 0.728 |
| Fibonacci | 0.649 | 0.662 | 0.669 | 0.681 | 0.694 | 0.701 | 0.713 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.563 | 0.609 | 0.641 | 0.687 | 0.719 | 0.765 | 0.797 |
| Camarilla | 0.651 | 0.658 | 0.665 | 0.672 | 0.679 | 0.686 | 0.694 |
| Woodie | 0.555 | 0.606 | 0.633 | 0.684 | 0.711 | 0.762 | 0.789 |
| Fibonacci | 0.609 | 0.639 | 0.658 | 0.687 | 0.717 | 0.736 | 0.765 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.477 | 0.549 | 0.603 | 0.675 | 0.729 | 0.801 | 0.855 |
| Camarilla | 0.623 | 0.635 | 0.647 | 0.658 | 0.670 | 0.681 | 0.693 |
| Woodie | 0.469 | 0.545 | 0.595 | 0.671 | 0.721 | 0.797 | 0.847 |
| Fibonacci | 0.549 | 0.597 | 0.627 | 0.675 | 0.723 | 0.753 | 0.801 |
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): | 60.06 | |
| MACD (12,26,9): | 0.0050 | |
| Directional Movement: | 25.714 | |
| AROON (14): | 21.429 | |
| DEMA (21): | 0.684 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.737 | |
| Elder Ray (13): | 0.019 | |
| Super Trend (3,10): | 0.733 | |
| Zig ZAG (10): | 0.714 | |
| VORTEX (21): | 0.9690 | |
| Stochastique (14,3,5): | 45.30 | |
| TEMA (21): | 0.687 | |
| Williams %R (14): | -30.77 | |
| Chande Momentum Oscillator (20): | 0.020 | |
| Repulse (5,40,3): | 3.7290 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0640 | |
| Courbe Coppock: | 7.00 |
| MA7: | 0.678 | |
| MA20: | 0.673 | |
| MA50: | 0.669 | |
| MA100: | 0.668 | |
| MAexp7: | 0.685 | |
| MAexp20: | 0.679 | |
| MAexp50: | 0.672 | |
| MAexp100: | 0.665 | |
| Price / MA7: | +5.31% | |
| Price / MA20: | +6.09% | |
| Price / MA50: | +6.73% | |
| Price / MA100: | +6.89% | |
| Price / MAexp7: | +4.23% | |
| Price / MAexp20: | +5.15% | |
| Price / MAexp50: | +6.25% | |
| Price / MAexp100: | +7.37% |
Quotes :
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15 min delayed data
-
Spain Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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