SOLTEC - 1H - Technical analysis published on 12/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 3.084 EUR
My targets
3.148 EUR (+0.51%)
3.342 EUR (+6.70%)
My analysis
The bullish trend is currently very strong on SOLTEC. As long as the price remains above the support at 3.084 EUR, you could try to benefit from the boom. The first bullish objective is located at 3.148 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.342 EUR as an objective. Crossing it would then enable buyers to target 3.456 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Londinia.
Additional analysis
Quotes
SOLTEC rating 3.132 EUR. The price registered an increase of +3.50% on the session and was between 3.072 EUR and 3.172 EUR. This implies that the price is at +1.95% from its lowest and at -1.26% from its highest.3.072
3.172
3.132
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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
Abnormal volumes on SOLTEC were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of SOLTEC in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
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 several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.938 | 3.008 | 3.084 | 3.132 | 3.148 | 3.456 | 4.372 |
| Change (%) | -6.19% | -3.96% | -1.53% | - | +0.51% | +10.34% | +39.59% |
| Change | -0.194 | -0.124 | -0.048 | - | +0.016 | +0.324 | +1.240 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | 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 | 2.919 | 2.963 | 2.995 | 3.039 | 3.071 | 3.115 | 3.147 |
| Camarilla | 3.005 | 3.012 | 3.019 | 3.026 | 3.033 | 3.040 | 3.047 |
| Woodie | 2.912 | 2.960 | 2.988 | 3.036 | 3.064 | 3.112 | 3.140 |
| Fibonacci | 2.963 | 2.992 | 3.010 | 3.039 | 3.068 | 3.086 | 3.115 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.676 | 2.798 | 2.898 | 3.020 | 3.120 | 3.242 | 3.342 |
| Camarilla | 2.937 | 2.957 | 2.978 | 2.998 | 3.018 | 3.039 | 3.059 |
| Woodie | 2.665 | 2.793 | 2.887 | 3.015 | 3.109 | 3.237 | 3.331 |
| Fibonacci | 2.798 | 2.883 | 2.935 | 3.020 | 3.105 | 3.157 | 3.242 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.036 | 2.298 | 2.662 | 2.924 | 3.288 | 3.550 | 3.914 |
| Camarilla | 2.854 | 2.911 | 2.969 | 3.026 | 3.083 | 3.141 | 3.198 |
| Woodie | 2.087 | 2.324 | 2.713 | 2.950 | 3.339 | 3.576 | 3.965 |
| Fibonacci | 2.298 | 2.537 | 2.685 | 2.924 | 3.163 | 3.311 | 3.550 |
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): | 61.33 | |
| MACD (12,26,9): | 0.0280 | |
| Directional Movement: | 12.579 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 3.118 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.060 | |
| Elder Ray (13): | 0.031 | |
| Super Trend (3,10): | 3.041 | |
| Zig ZAG (10): | 3.130 | |
| VORTEX (21): | 1.0320 | |
| Stochastique (14,3,5): | 72.90 | |
| TEMA (21): | 3.134 | |
| Williams %R (14): | -27.63 | |
| Chande Momentum Oscillator (20): | 0.072 | |
| Repulse (5,40,3): | -0.4630 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0960 | |
| Courbe Coppock: | 4.47 |
| MA7: | 3.035 | |
| MA20: | 2.979 | |
| MA50: | 2.847 | |
| MA100: | 3.384 | |
| MAexp7: | 3.120 | |
| MAexp20: | 3.085 | |
| MAexp50: | 3.053 | |
| MAexp100: | 3.020 | |
| Price / MA7: | +3.20% | |
| Price / MA20: | +5.14% | |
| Price / MA50: | +10.01% | |
| Price / MA100: | -7.45% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +1.52% | |
| Price / MAexp50: | +2.59% | |
| Price / MAexp100: | +3.71% |
Quotes :
-
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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