SAIPEM

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SPM
ISIN:	IT0005495657

SAIPEM - 1H - Technical analysis published on 03/28/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

22%

17%

My opinion

Bullish above 2.1837 EUR

My targets

2.3139 EUR (+2.57%)

3.4330 EUR (+52.17%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SAIPEM as long as the price remains well above 2.1837 EUR. The buyers' bullish objective is set at 2.3139 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.4330 EUR. If there is any crossing, the next objective would be the resistance located at 5.6759 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

7.3

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. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SAIPEM price is 2.2560 EUR. On the day, this instrument gained +2.83% and was between 2.2200 EUR and 2.2660 EUR. This implies that the price is at +1.62% from its lowest and at -0.44% from its highest.

2.2200

2.2660

2.2560

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

Technical analysis of SAIPEM in 1H shows a strongly overall 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 does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.8857	1.9666	2.1336	2.2560	2.3139	3.4330	5.6759
Change (%)	-16.41%	-12.83%	-5.43%	-	+2.57%	+52.17%	+151.59%
Change	-0.3703	-0.2894	-0.1224	-	+0.0579	+1.1770	+3.4199
Level	Minor	Major	Intermediate	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0963	2.1447	2.1693	2.2177	2.2423	2.2907	2.3153
Camarilla	2.1739	2.1806	2.1873	2.1940	2.2007	2.2074	2.2141
Woodie	2.0845	2.1388	2.1575	2.2118	2.2305	2.2848	2.3035
Fibonacci	2.1447	2.1726	2.1898	2.2177	2.2456	2.2628	2.2907

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.8543	1.9337	1.9793	2.0587	2.1043	2.1837	2.2293
Camarilla	1.9906	2.0021	2.0135	2.0250	2.0365	2.0479	2.0594
Woodie	1.8375	1.9253	1.9625	2.0503	2.0875	2.1753	2.2125
Fibonacci	1.9337	1.9814	2.0109	2.0587	2.1064	2.1359	2.1837

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9410	1.0940	1.3875	1.5405	1.8340	1.9870	2.2805
Camarilla	1.5582	1.5991	1.6401	1.6810	1.7219	1.7629	1.8038
Woodie	1.0113	1.1291	1.4578	1.5756	1.9043	2.0221	2.3508
Fibonacci	1.0940	1.2646	1.3699	1.5405	1.7111	1.8164	1.9870

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):	63.73
MACD (12,26,9):	0.0238
Directional Movement:	14.3132
AROON (14):	-57.1429
DEMA (21):	2.2495
Parabolic SAR (0,02-0,02-0,2):	2.2690
Elder Ray (13):	0.0230
Super Trend (3,10):	2.1791
Zig ZAG (10):	2.2480
VORTEX (21):	1.1275
Stochastique (14,3,5):	51.60
TEMA (21):	2.2477
Williams %R (14):	-24.66
Chande Momentum Oscillator (20):	0.0020
Repulse (5,40,3):	-0.3590
ROCnROLL:	1
TRIX (15,9):	0.2067
Courbe Coppock:	0.37

MA7:	2.1487
MA20:	2.0493
MA50:	1.6578
MA100:	1.5526
MAexp7:	2.2305
MAexp20:	2.2145
MAexp50:	2.1668
MAexp100:	2.1003
Price / MA7:	+4.99%
Price / MA20:	+10.09%
Price / MA50:	+36.08%
Price / MA100:	+45.30%
Price / MAexp7:	+1.14%
Price / MAexp20:	+1.87%
Price / MAexp50:	+4.12%
Price / MAexp100:	+7.41%

Quotes : - 15 min delayed data - Italy Stocks

News

The last news published on SAIPEM 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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