IVECO GROUP - 1H - Technical analysis published on 08/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 9.174 EUR
My targets
8.589 EUR (-2.25%)
8.267 EUR (-5.91%)
My analysis
The bearish trend is currently very strong for IVECO GROUP. As long as the price remains below the resistance at 9.174 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 8.589 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.267 EUR as an objective. Crossing it would then enable sellers to target 8.107 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IVECO GROUP rating is 8.786 EUR. The price is lower by -0.05% since the last closing with the lowest point at 8.736 EUR and the highest point at 8.856 EUR. The deviation from the price is +0.57% for the low point and -0.79% for the high point.8.736
8.856
8.786
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IVECO GROUP:
Technical
Technical analysis of IVECO GROUP in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.107 | 8.267 | 8.750 | 8.786 | 9.174 | 9.560 | 9.718 |
| Change (%) | -7.73% | -5.91% | -0.41% | - | +4.42% | +8.81% | +10.61% |
| Change | -0.679 | -0.519 | -0.036 | - | +0.388 | +0.774 | +0.932 |
| Level | Major | Minor | Major | - | 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 | 8.451 | 8.543 | 8.667 | 8.759 | 8.883 | 8.975 | 9.099 |
| Camarilla | 8.731 | 8.750 | 8.770 | 8.790 | 8.810 | 8.830 | 8.849 |
| Woodie | 8.466 | 8.551 | 8.682 | 8.767 | 8.898 | 8.983 | 9.114 |
| Fibonacci | 8.543 | 8.626 | 8.677 | 8.759 | 8.842 | 8.893 | 8.975 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.139 | 8.387 | 8.589 | 8.837 | 9.039 | 9.287 | 9.489 |
| Camarilla | 8.666 | 8.708 | 8.749 | 8.790 | 8.831 | 8.873 | 8.914 |
| Woodie | 8.115 | 8.376 | 8.565 | 8.826 | 9.015 | 9.276 | 9.465 |
| Fibonacci | 8.387 | 8.559 | 8.665 | 8.837 | 9.009 | 9.115 | 9.287 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.961 | 7.327 | 7.977 | 8.343 | 8.993 | 9.359 | 10.009 |
| Camarilla | 8.347 | 8.440 | 8.533 | 8.626 | 8.719 | 8.812 | 8.905 |
| Woodie | 7.102 | 7.398 | 8.118 | 8.414 | 9.134 | 9.430 | 10.150 |
| Fibonacci | 7.327 | 7.715 | 7.955 | 8.343 | 8.731 | 8.971 | 9.359 |
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): | 42.77 | |
| MACD (12,26,9): | -0.0450 | |
| Directional Movement: | -16.606 | |
| AROON (14): | -21.429 | |
| DEMA (21): | 8.753 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.640 | |
| Elder Ray (13): | 0.011 | |
| Super Trend (3,10): | 8.883 | |
| Zig ZAG (10): | 8.792 | |
| VORTEX (21): | 0.8260 | |
| Stochastique (14,3,5): | 70.31 | |
| TEMA (21): | 8.776 | |
| Williams %R (14): | -42.19 | |
| Chande Momentum Oscillator (20): | -0.066 | |
| Repulse (5,40,3): | -0.3120 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0960 | |
| Courbe Coppock: | 1.49 |
| MA7: | 8.963 | |
| MA20: | 8.932 | |
| MA50: | 8.398 | |
| MA100: | 8.101 | |
| MAexp7: | 8.798 | |
| MAexp20: | 8.821 | |
| MAexp50: | 8.934 | |
| MAexp100: | 8.992 | |
| Price / MA7: | -1.97% | |
| Price / MA20: | -1.63% | |
| Price / MA50: | +4.62% | |
| Price / MA100: | +8.46% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -1.66% | |
| Price / MAexp100: | -2.29% |
Quotes :
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15 min delayed data
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Italy Stocks
News
Don't forget to follow the news on IVECO GROUP. At the time of publication of this analysis, the latest news was as follows:
- Iveco Group and Nikola Corporation enter a new partnership phase; Iveco Group to assume ownership of JV
- Iveco Group inaugurates its new plant in Foggia and returns to producing buses in Italy
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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