ABC ARBITRAGE - 1H - Technical analysis published on 10/07/2024 (GMT)
- 144
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 4.450 EUR
My targets
4.620 EUR (+1.76%)
4.660 EUR (+2.64%)
My analysis
A bullish trend on ABC ARBITRAGE both in substance and in the short term. A purchase could be considered as long as the price remains above 4.450 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 4.620 EUR. Then the price could move towards 4.660 EUR. Then 4.797 EUR by extension. Be careful, a return below 4.450 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever 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 instrument 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 content. 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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ABC ARBITRAGE rating 4.540 EUR. The price is lower by -0.11% since the last closing and was between 4.515 EUR and 4.575 EUR. This implies that the price is at +0.55% from its lowest and at -0.77% from its highest.4.515
4.575
4.540
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ABC ARBITRAGE:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ABC ARBITRAGE in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals 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.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.332 | 4.375 | 4.450 | 4.540 | 4.620 | 4.660 | 4.797 |
| Change (%) | -4.58% | -3.63% | -1.98% | - | +1.76% | +2.64% | +5.66% |
| Change | -0.208 | -0.165 | -0.090 | - | +0.080 | +0.120 | +0.257 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.430 | 4.455 | 4.500 | 4.525 | 4.570 | 4.595 | 4.640 |
| Camarilla | 4.526 | 4.532 | 4.539 | 4.545 | 4.551 | 4.558 | 4.564 |
| Woodie | 4.440 | 4.460 | 4.510 | 4.530 | 4.580 | 4.600 | 4.650 |
| Fibonacci | 4.455 | 4.482 | 4.498 | 4.525 | 4.552 | 4.568 | 4.595 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.280 | 4.375 | 4.460 | 4.555 | 4.640 | 4.735 | 4.820 |
| Camarilla | 4.496 | 4.512 | 4.529 | 4.545 | 4.562 | 4.578 | 4.595 |
| Woodie | 4.275 | 4.373 | 4.455 | 4.553 | 4.635 | 4.733 | 4.815 |
| Fibonacci | 4.375 | 4.444 | 4.486 | 4.555 | 4.624 | 4.666 | 4.735 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.870 | 4.045 | 4.310 | 4.485 | 4.750 | 4.925 | 5.190 |
| Camarilla | 4.454 | 4.494 | 4.535 | 4.575 | 4.615 | 4.656 | 4.696 |
| Woodie | 3.915 | 4.068 | 4.355 | 4.508 | 4.795 | 4.948 | 5.235 |
| Fibonacci | 4.045 | 4.213 | 4.317 | 4.485 | 4.653 | 4.757 | 4.925 |
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): | 53.70 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | 16.513 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 4.524 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.492 | |
| Elder Ray (13): | 0.012 | |
| Super Trend (3,10): | 4.555 | |
| Zig ZAG (10): | 4.540 | |
| VORTEX (21): | 1.0110 | |
| Stochastique (14,3,5): | 64.50 | |
| TEMA (21): | 4.531 | |
| Williams %R (14): | -36.84 | |
| Chande Momentum Oscillator (20): | 0.060 | |
| Repulse (5,40,3): | 0.3830 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0250 | |
| Courbe Coppock: | 1.23 |
| MA7: | 4.554 | |
| MA20: | 4.493 | |
| MA50: | 4.311 | |
| MA100: | 4.197 | |
| MAexp7: | 4.534 | |
| MAexp20: | 4.527 | |
| MAexp50: | 4.534 | |
| MAexp100: | 4.521 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | +1.05% | |
| Price / MA50: | +5.31% | |
| Price / MA100: | +8.17% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.42% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on ABC ARBITRAGE. At the time of publication of this analysis, the latest news was as follows:
- ABC arbitrage : General meeting of June 7 2024
- ABC arbitrage: Release of the annual financial report as at December 31, 2023
- Half-year liquidity contract statement for ABC ARBITRAGE
- ABC arbitrage: First Semester Financial report (V2)
- ABC arbitrage : Release of the half-yearly financial report as at 30 June 2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ABC ARBITRAGE - 1H