ALSTOM - Daily - Technical analysis published on 11/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 38.58 EUR
My targets
39.50 EUR (+1.57%)
40.35 EUR (+3.75%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ALSTOM as long as the price remains well above 38.58 EUR. The buyers” bullish objective is set at 39.50 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 40.35 EUR. If there is any crossing, the next objective would be the resistance located at 41.19 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALSTOM price is 38.89 EUR. The price registered a decrease of -0.59% on the session and was traded between 38.42 EUR and 39.16 EUR over the period. The price is currently at +1.22% from its lowest and -0.69% from its highest.38.42
39.16
38.89
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ALSTOM indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 36.80 | 37.88 | 38.58 | 38.89 | 39.50 | 40.35 | 41.19 |
| Change (%) | -5.37% | -2.60% | -0.80% | - | +1.57% | +3.75% | +5.91% |
| Change | -2.09 | -1.01 | -0.31 | - | +0.61 | +1.46 | +2.30 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Major |
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 | 38.73 | 38.84 | 39.06 | 39.17 | 39.39 | 39.50 | 39.72 |
| Camarilla | 39.19 | 39.22 | 39.25 | 39.28 | 39.31 | 39.34 | 39.37 |
| Woodie | 38.79 | 38.87 | 39.12 | 39.20 | 39.45 | 39.53 | 39.78 |
| Fibonacci | 38.84 | 38.97 | 39.04 | 39.17 | 39.30 | 39.37 | 39.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.55 | 37.16 | 37.98 | 38.59 | 39.41 | 40.02 | 40.84 |
| Camarilla | 38.42 | 38.55 | 38.68 | 38.81 | 38.94 | 39.07 | 39.20 |
| Woodie | 36.67 | 37.21 | 38.10 | 38.64 | 39.53 | 40.07 | 40.96 |
| Fibonacci | 37.16 | 37.70 | 38.04 | 38.59 | 39.13 | 39.47 | 40.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.58 | 35.54 | 37.15 | 38.11 | 39.72 | 40.68 | 42.29 |
| Camarilla | 38.04 | 38.28 | 38.51 | 38.75 | 38.99 | 39.22 | 39.46 |
| Woodie | 34.90 | 35.70 | 37.47 | 38.27 | 40.04 | 40.84 | 42.61 |
| Fibonacci | 35.54 | 36.53 | 37.13 | 38.11 | 39.10 | 39.70 | 40.68 |
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): | 58.07 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 5.32 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 38.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.24 | |
| Elder Ray (13): | 0.39 | |
| Super Trend (3,10): | 37.17 | |
| Zig ZAG (10): | 38.86 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 88.92 | |
| TEMA (21): | 38.84 | |
| Williams %R (14): | -16.94 | |
| Chande Momentum Oscillator (20): | 0.93 | |
| Repulse (5,40,3): | 0.7800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 4.42 |
| MA7: | 38.75 | |
| MA20: | 38.07 | |
| MA50: | 38.06 | |
| MA100: | 37.82 | |
| MAexp7: | 38.68 | |
| MAexp20: | 38.23 | |
| MAexp50: | 38.00 | |
| MAexp100: | 37.48 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +2.15% | |
| Price / MA50: | +2.18% | |
| Price / MA100: | +2.83% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +1.73% | |
| Price / MAexp50: | +2.34% | |
| Price / MAexp100: | +3.76% |
News
Don"t forget to follow the news on ALSTOM. At the time of publication of this analysis, the latest news was as follows:
- Alstom SA: Alstom to Supply 42 Metropolis Trains for Barcelona Metro
- Alstom SA: Alstom selected to provide the trains of the future CDG Express line
- Alstom SA: Alstom to supply 12 Avelia Euroduplex trains to SNCF for the TGV Atlantique lines
- ALSTOM SA: Alstom Q1 2019/20 Orders and Sales
- ALSTOM SA: Alstom Shareholders’ Meeting approves all submitted resolutions
This member declared not having a position on this financial instrument or a related financial instrument.
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