RALLYE

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	RAL
ISIN:	FR0000060618

RALLYE - 1H - Technical analysis published on 08/31/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

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RALLYE Chart

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 0.1882 EUR

My targets

0.2113 EUR (+6.73%)

0.2327 EUR (+17.51%)

My analysis

The basic trend is currently slightly bullish on RALLYE and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 0.1882 EUR, purchases could be favourable. The first bullish objective would be the resistance located at 0.2113 EUR. Then the price could move towards 0.2327 EUR. Then 0.3053 EUR by extension. A return under the support to 0.1882 EUR could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

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

2.7

Comment on the analysis

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.

Additional analysis

Quotes

RALLYE rating 0.1980 EUR. On the day, this instrument gained +5.21% with the lowest point at 0.1882 EUR and the highest point at 0.1980 EUR. The deviation from the price is +5.21% for the low point and 0% for the high point.

0.1882

0.1980

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of RALLYE indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.1738	0.1980	0.3053	0.3500	0.4000
Change (%)	-12.22%	-	+54.19%	+76.77%	+102.02%
Change	-0.0242	-	+0.1073	+0.1520	+0.2020
Level	Major	-	Intermediate	Major	Minor

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	0.1628	0.1754	0.1818	0.1944	0.2008	0.2134	0.2198
Camarilla	0.1830	0.1847	0.1865	0.1882	0.1899	0.1917	0.1934
Woodie	0.1597	0.1739	0.1787	0.1929	0.1977	0.2119	0.2167
Fibonacci	0.1754	0.1827	0.1871	0.1944	0.2017	0.2061	0.2134

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1223	0.1437	0.1668	0.1882	0.2113	0.2327	0.2558
Camarilla	0.1778	0.1818	0.1859	0.1900	0.1941	0.1982	0.2022
Woodie	0.1233	0.1441	0.1678	0.1886	0.2123	0.2331	0.2568
Fibonacci	0.1437	0.1607	0.1712	0.1882	0.2052	0.2157	0.2327

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-1.0607	-0.3803	-0.0227	0.6577	1.0153	1.6957	2.0533
Camarilla	0.0496	0.1447	0.2399	0.3350	0.4302	0.5253	0.6205
Woodie	-1.2220	-0.4610	-0.1840	0.5770	0.8540	1.6150	1.8920
Fibonacci	-0.3803	0.0162	0.2612	0.6577	1.0542	1.2992	1.6957

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):	49.98
MACD (12,26,9):	-0.0008
Directional Movement:	11.9536
AROON (14):	-28.5714
DEMA (21):	0.1922
Parabolic SAR (0,02-0,02-0,2):	0.1981
Elder Ray (13):	0.0009
Super Trend (3,10):	0.1852
Zig ZAG (10):	0.1980
VORTEX (21):	0.9167
Stochastique (14,3,5):	17.89
TEMA (21):	0.1908
Williams %R (14):	-47.37
Chande Momentum Oscillator (20):	0.0004
Repulse (5,40,3):	2.8026
ROCnROLL:	1
TRIX (15,9):	0.0498
Courbe Coppock:	7.54

MA7:	0.1884
MA20:	0.1929
MA50:	0.5968
MA100:	0.9640
MAexp7:	0.1918
MAexp20:	0.1923
MAexp50:	0.1911
MAexp100:	0.2039
Price / MA7:	+5.10%
Price / MA20:	+2.64%
Price / MA50:	-66.82%
Price / MA100:	-79.46%
Price / MAexp7:	+3.23%
Price / MAexp20:	+2.96%
Price / MAexp50:	+3.61%
Price / MAexp100:	-2.89%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on RALLYE at the time of the generation of this analysis was as follows:

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

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