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ALCON N
ALCON N
- CHF (-)
- 15 min delayed data - Switzerland SWX Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ALC
ISIN: CH0432492467

ALCON N - 1H - Technical analysis published on 11/08/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 64.3200 CHF
My targets
67.1000 CHF (+0.66%)
67.7600 CHF (+1.65%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 64.3200 CHF remains possible. It is advisable to trade ALCON N with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 64.3200 CHF. The next bullish objective for buyers is set at 67.1000 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 67.7600 CHF. If there is any crossing, the next objective would be the resistance located at 69.0000 CHF. PS: if there is a bearish break in the support located at 64.3200 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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
4.5

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

ALCON N rating 66.6600 CHF. The price registered an increase of +0.06% on the session and was between 66.4800 CHF and 66.9400 CHF. This implies that the price is at +0.27% from its lowest and at -0.42% from its highest.

66.4800
66.9400
66.6600

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this ALCON N chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



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

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 63.3800 64.3200 66.3600 66.6600 67.1000 67.7600 69.0000
Change (%) -4.92% -3.51% -0.45% - +0.66% +1.65% +3.51%
Change -3.2800 -2.3400 -0.3000 - +0.4400 +1.1000 +2.3400
Level Minor Minor Major - Intermediate Intermediate 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
Standard65.880066.220066.420066.760066.960067.300067.5000
Camarilla66.471566.521066.570566.620066.669566.719066.7685
Woodie65.810066.185066.350066.725066.890067.265067.4300
Fibonacci66.220066.426366.553766.760066.966367.093767.3000


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard60.193361.566764.293365.666768.393369.766772.4933
Camarilla65.892566.268366.644267.020067.395867.771768.1475
Woodie60.870061.905064.970066.005069.070070.105073.1700
Fibonacci61.566763.132964.100565.666767.232968.200569.7667


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard51.900056.940060.880065.920069.860074.900078.8400
Camarilla62.350563.173763.996864.820065.643266.466367.2895
Woodie51.350056.665060.330065.645069.310074.625078.2900
Fibonacci56.940060.370462.489665.920069.350471.469674.9000

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): 54.58
MACD (12,26,9): 0.1589
Directional Movement: 15.0149
AROON (14): 21.4286
DEMA (21): 66.9306
Parabolic SAR (0,02-0,02-0,2): 67.1133
Elder Ray (13): -0.0271
Super Trend (3,10): 66.0800
Zig ZAG (10): 66.7600
VORTEX (21): 1.0143
Stochastique (14,3,5): 51.35
TEMA (21): 66.7799
Williams %R (14): -35.14
Chande Momentum Oscillator (20): 0.3600
Repulse (5,40,3): 0.4528
ROCnROLL: 1
TRIX (15,9): 0.0465
Courbe Coppock: 0.02
MA7: 66.2086
MA20: 65.7780
MA50: 69.2116
MA100: 70.9634
MAexp7: 66.7721
MAexp20: 66.6690
MAexp50: 66.1489
MAexp100: 65.8236
Price / MA7: +0.68%
Price / MA20: +1.34%
Price / MA50: -3.69%
Price / MA100: -6.06%
Price / MAexp7: -0.17%
Price / MAexp20: -0.01%
Price / MAexp50: +0.77%
Price / MAexp100: +1.27%

Quotes : - 15 min delayed data - Switzerland SWX Stocks

News


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

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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