PROACT IT GROUP AB [CBOE] - 1H - Technical analysis published on 04/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
![PROACT IT GROUP AB [CBOE] - 1H](/cache/medias/analysis/248x187-thumb/415658-7159-simple.png)
![PROACT IT GROUP AB [CBOE] - 1H](/cache/medias/analysis/806x806-thumb/415658-7159-simple.png)
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 105.5 SEK
My targets
109.0 SEK (+1.87%)
110.0 SEK (+2.80%)
My analysis
The basic trend is bullish on PROACT IT GROUP AB [CBOE] and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 105.5 SEK. Sellers would then use the next support located at 104.2 SEK as an objective. Crossing it would then enable sellers to target 103.0 SEK. If there is a return to above the resistance located at 109.0 SEK, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 110.0 SEK and 111.3 SEK by extension.
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
0
10
2.9
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PROACT IT GROUP AB [CBOE] rating 107.0 SEK. The price registered an increase of +1.71% on the session and was between 106.4 SEK and 107.0 SEK. This implies that the price is at +0.56% from its lowest and at 0% from its highest.106.4
107.0
107.0
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PROACT IT GROUP AB [CBOE]:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on PROACT IT GROUP AB [CBOE] were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of PROACT IT GROUP AB [CBOE] in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 104.2 | 105.5 | 106.6 | 107.0 | 109.0 | 110.0 | 111.3 |
| Change (%) | -2.62% | -1.40% | -0.37% | - | +1.87% | +2.80% | +4.02% |
| Change | -2.8 | -1.5 | -0.4 | - | +2.0 | +3.0 | +4.3 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.5 | 102.3 | 103.7 | 104.5 | 105.9 | 106.7 | 108.1 |
| Camarilla | 104.6 | 104.8 | 105.0 | 105.2 | 105.4 | 105.6 | 105.8 |
| Woodie | 101.9 | 102.5 | 104.1 | 104.7 | 106.3 | 106.9 | 108.5 |
| Fibonacci | 102.3 | 103.1 | 103.6 | 104.5 | 105.3 | 105.8 | 106.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.8 | 103.5 | 106.7 | 108.4 | 111.6 | 113.3 | 116.5 |
| Camarilla | 108.7 | 109.1 | 109.6 | 110.0 | 110.5 | 110.9 | 111.4 |
| Woodie | 102.7 | 103.9 | 107.6 | 108.8 | 112.5 | 113.7 | 117.4 |
| Fibonacci | 103.5 | 105.3 | 106.5 | 108.4 | 110.2 | 111.4 | 113.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.1 | 101.7 | 106.2 | 108.8 | 113.3 | 115.9 | 120.4 |
| Camarilla | 108.9 | 109.5 | 110.2 | 110.8 | 111.5 | 112.1 | 112.8 |
| Woodie | 100.2 | 102.2 | 107.3 | 109.3 | 114.4 | 116.4 | 121.5 |
| Fibonacci | 101.7 | 104.4 | 106.1 | 108.8 | 111.5 | 113.2 | 115.9 |
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): | 46.60 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -24.6 | |
| AROON (14): | -35.7 | |
| DEMA (21): | 104.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.2 | |
| Elder Ray (13): | 0.2 | |
| Super Trend (3,10): | 105.8 | |
| Zig ZAG (10): | 105.4 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 57.80 | |
| TEMA (21): | 104.2 | |
| Williams %R (14): | -35.30 | |
| Chande Momentum Oscillator (20): | 0.1 | |
| Repulse (5,40,3): | 0.9000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.70 |
| MA7: | 108.2 | |
| MA20: | 107.5 | |
| MA50: | 105.0 | |
| MA100: | 97.4 | |
| MAexp7: | 104.8 | |
| MAexp20: | 108.6 | |
| MAexp50: | 108.0 | |
| MAexp100: | 107.7 | |
| Price / MA7: | -1.11% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | +1.90% | |
| Price / MA100: | +9.86% | |
| Price / MAexp7: | +2.10% | |
| Price / MAexp20: | -1.47% | |
| Price / MAexp50: | -0.93% | |
| Price / MAexp100: | -0.65% |
Quotes :
-
Real time data
-
Cboe CH/DK/FI/NO/SE
This member declared not having a position on this financial instrument or a related financial instrument.
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