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HEXATRONIC GROUP AB [CBOE] - 1H - Technical analysis published on 12/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
![HEXATRONIC GROUP AB [CBOE] - 1H](/cache/medias/analysis/248x187-thumb/504360-7159-simple.webp)
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 35.00 SEK
My targets
37.66 SEK (+3.02%)
38.61 SEK (+5.61%)
My analysis
HEXATRONIC GROUP AB [CBOE] is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 35.00 SEK, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 37.66 SEK. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 38.61 SEK would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 39.51 SEK. Beware of a possible return to under the support located at 35.00 SEK which would be the sign of a correction of the bullish excesses registered in the short term.
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
4.8
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This analysis was given by gsanzmagallon. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HEXATRONIC GROUP AB [CBOE] price is 36.56 SEK. The price has increased by +6.65% since the last closing and was between 35.63 SEK and 37.06 SEK. This implies that the price is at +2.61% from its lowest and at -1.35% from its highest.35.63
37.06
36.56
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of HEXATRONIC GROUP AB [CBOE] in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 15 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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.78 | 35.00 | 36.40 | 36.56 | 38.61 | 39.51 | 52.40 |
| Change (%) | -7.60% | -4.27% | -0.44% | - | +5.61% | +8.07% | +43.33% |
| Change | -2.78 | -1.56 | -0.16 | - | +2.05 | +2.95 | +15.84 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 32.24 | 32.93 | 33.61 | 34.30 | 34.98 | 35.67 | 36.35 |
| Camarilla | 33.90 | 34.03 | 34.15 | 34.28 | 34.41 | 34.53 | 34.66 |
| Woodie | 32.23 | 32.93 | 33.60 | 34.30 | 34.97 | 35.67 | 36.34 |
| Fibonacci | 32.93 | 33.46 | 33.78 | 34.30 | 34.83 | 35.15 | 35.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.48 | 32.88 | 34.07 | 36.47 | 37.66 | 40.06 | 41.25 |
| Camarilla | 34.28 | 34.61 | 34.94 | 35.27 | 35.60 | 35.93 | 36.26 |
| Woodie | 29.89 | 32.58 | 33.48 | 36.17 | 37.07 | 39.76 | 40.66 |
| Fibonacci | 32.88 | 34.25 | 35.10 | 36.47 | 37.84 | 38.69 | 40.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.71 | 30.78 | 34.29 | 39.36 | 42.87 | 47.94 | 51.45 |
| Camarilla | 35.43 | 36.22 | 37.00 | 37.79 | 38.58 | 39.36 | 40.15 |
| Woodie | 24.92 | 30.39 | 33.50 | 38.97 | 42.08 | 47.55 | 50.66 |
| Fibonacci | 30.78 | 34.06 | 36.09 | 39.36 | 42.64 | 44.67 | 47.94 |
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): | 61.65 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | 19.83 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 35.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.09 | |
| Elder Ray (13): | 0.83 | |
| Super Trend (3,10): | 34.52 | |
| Zig ZAG (10): | 36.28 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 72.85 | |
| TEMA (21): | 35.89 | |
| Williams %R (14): | -18.39 | |
| Chande Momentum Oscillator (20): | 2.48 | |
| Repulse (5,40,3): | 1.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 8.85 |
| MA7: | 35.51 | |
| MA20: | 36.83 | |
| MA50: | 40.70 | |
| MA100: | 47.62 | |
| MAexp7: | 35.76 | |
| MAexp20: | 35.14 | |
| MAexp50: | 35.42 | |
| MAexp100: | 36.07 | |
| Price / MA7: | +2.96% | |
| Price / MA20: | -0.73% | |
| Price / MA50: | -10.17% | |
| Price / MA100: | -23.23% | |
| Price / MAexp7: | +2.24% | |
| Price / MAexp20: | +4.04% | |
| Price / MAexp50: | +3.22% | |
| Price / MAexp100: | +1.36% |
Quotes :
-
Real time data
-
Cboe
News
Don't forget to follow the news on HEXATRONIC GROUP AB [CBOE]. At the time of publication of this analysis, the latest news was as follows:
- Hexatronic completes acquisition of Icelandic Endor
- Nomination Committee in Hexatronic appointed
- President and CEO Henrik Larsson Lyon has decided to leave Hexatronic
- Change in number of shares and votes in Hexatronic
- Senior executives divest shares linked to share savings program
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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