ALLOT
ALLOT
8.44 USD (-2.43%)
15 min delay - NASDAQ Stocks
Open: 8.65
Change: -0.21
Volume: 67,483
Low: 8.44
High: 8.65
High / Low range: 0.21
Type: Stocks
Ticker: ALLT
ISIN: IL0010996549

ALLOT - Daily - Technical analysis published on 09/19/2019

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  • Timeframe : Daily
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 7.59 USD
My targets
8.01 USD (+1.01%)
8.20 USD (+3.40%)
My analysis
The bullish trend is currently very strong on ALLOT. As long as the price remains above the support at 7.59 USD, you could try to benefit from the boom. The first bullish objective is located at 8.01 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.20 USD as an objective. Crossing it would then enable buyers to target 11.01 USD. 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, 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
8.4

Complete this analysis for another time unit:
15 min. 1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 product 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 analysis. 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.

Additional analysis

Quotes

ALLOT rating 7.93 USD. The price registered a decrease of -0.88% on the session and was traded between 7.65 USD and 8.00 USD over the period. The price is currently at +3.66% from its lowest and -0.88% from its highest.

7.65
8.00
7.93

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this ALLOT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.81 7.09 7.59 7.93 8.01 8.20 11.01
Change (%) -14.12% -10.59% -4.29% - +1.01% +3.40% +38.84%
Change -1.12 -0.84 -0.34 - +0.08 +0.27 +3.08
Level Minor Major Major - Major Major Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.707.857.938.088.158.308.38
Camarilla7.947.967.988.008.028.048.06
Woodie7.667.837.898.068.118.288.34
Fibonacci7.857.947.998.088.168.228.30


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.917.107.467.658.018.208.56
Camarilla7.667.717.767.817.867.917.96
Woodie6.997.147.547.698.098.248.64
Fibonacci7.107.317.447.657.867.998.20


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.006.517.097.608.188.699.27
Camarilla7.387.487.587.687.787.887.98
Woodie6.056.537.147.628.238.719.32
Fibonacci6.516.927.187.608.018.278.69

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 60.28
MACD (12,26,9): 0.1100
Directional Movement: 8.69
AROON (14): 35.72
DEMA (21): 7.81
Parabolic SAR (0,02-0,02-0,2): 7.35
Elder Ray (13): 0.09
Super Trend (3,10): 7.48
Zig ZAG (10): 7.93
VORTEX (21): 0.9400
Stochastique (14,3,5): 79.95
TEMA (21): 7.89
Williams %R (14): -32.00
Chande Momentum Oscillator (20): 0.25
Repulse (5,40,3): 1.3900
ROCnROLL: 1
TRIX (15,9): 0.1300
Courbe Coppock: 4.37
MA7: 7.77
MA20: 7.69
MA50: 7.56
MA100: 7.41
MAexp7: 7.84
MAexp20: 7.68
MAexp50: 7.56
MAexp100: 7.47
Price / MA7: +2.06%
Price / MA20: +3.12%
Price / MA50: +4.89%
Price / MA100: +7.02%
Price / MAexp7: +1.15%
Price / MAexp20: +3.26%
Price / MAexp50: +4.89%
Price / MAexp100: +6.16%

News


Don"t forget to follow the news on ALLOT. At the time of publication of this analysis, the latest news was as follows:

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

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