AVENIR TELECOM - 1H - Technical analysis published on 10/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.1102 EUR
My targets
0.1255 EUR (+2.03%)
0.1378 EUR (+12.03%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for AVENIR TELECOM as long as the price remains well above 0.1102 EUR. The buyers' bullish objective is set at 0.1255 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.1378 EUR. If there is any crossing, the next objective would be the resistance located at 0.1496 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.1255 EUR. On this resistance, against the trend traders who would like to go short on AVENIR TELECOM with a bearish signal from their trading strategy, should not hesitate to act.
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
2.3
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
AVENIR TELECOM rating 0.1230 EUR. The price has increased by +9.82% since the last closing with the lowest point at 0.1110 EUR and the highest point at 0.1230 EUR. The deviation from the price is +10.81% for the low point and 0% for the high point.0.1110
0.1230
0.1230
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AVENIR TELECOM:
Technical
Technical analysis of this 1H chart of AVENIR TELECOM indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.0810 | 0.1006 | 0.1100 | 0.1230 | 0.1255 | 0.1378 | 0.1496 |
| Change (%) | -34.15% | -18.21% | -10.57% | - | +2.03% | +12.03% | +21.63% |
| Change | -0.0420 | -0.0224 | -0.0130 | - | +0.0025 | +0.0148 | +0.0266 |
| Level | Intermediate | Intermediate | Minor | - | Minor | 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 | 0.0863 | 0.0967 | 0.1043 | 0.1147 | 0.1223 | 0.1327 | 0.1403 |
| Camarilla | 0.1071 | 0.1087 | 0.1104 | 0.1120 | 0.1137 | 0.1153 | 0.1170 |
| Woodie | 0.0850 | 0.0960 | 0.1030 | 0.1140 | 0.1210 | 0.1320 | 0.1390 |
| Fibonacci | 0.0967 | 0.1035 | 0.1078 | 0.1147 | 0.1215 | 0.1258 | 0.1327 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0258 | 0.0534 | 0.0826 | 0.1102 | 0.1394 | 0.1670 | 0.1962 |
| Camarilla | 0.0962 | 0.1014 | 0.1066 | 0.1118 | 0.1170 | 0.1222 | 0.1274 |
| Woodie | 0.0266 | 0.0538 | 0.0834 | 0.1106 | 0.1402 | 0.1674 | 0.1970 |
| Fibonacci | 0.0534 | 0.0751 | 0.0885 | 0.1102 | 0.1319 | 0.1453 | 0.1670 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1250 | 0.1420 | 0.1526 | 0.1696 | 0.1802 | 0.1972 | 0.2078 |
| Camarilla | 0.1556 | 0.1581 | 0.1607 | 0.1632 | 0.1657 | 0.1683 | 0.1708 |
| Woodie | 0.1218 | 0.1404 | 0.1494 | 0.1680 | 0.1770 | 0.1956 | 0.2046 |
| Fibonacci | 0.1420 | 0.1525 | 0.1591 | 0.1696 | 0.1801 | 0.1867 | 0.1972 |
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): | 59.29 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -3.1920 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 0.1131 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0975 | |
| Elder Ray (13): | 0.0080 | |
| Super Trend (3,10): | 0.1091 | |
| Zig ZAG (10): | 0.1230 | |
| VORTEX (21): | 0.9223 | |
| Stochastique (14,3,5): | 63.16 | |
| TEMA (21): | 0.1156 | |
| Williams %R (14): | -10.53 | |
| Chande Momentum Oscillator (20): | 0.0130 | |
| Repulse (5,40,3): | 2.4946 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.3171 | |
| Courbe Coppock: | 7.87 |
| MA7: | 0.1219 | |
| MA20: | 0.1367 | |
| MA50: | 0.1602 | |
| MA100: | 0.1744 | |
| MAexp7: | 0.1163 | |
| MAexp20: | 0.1151 | |
| MAexp50: | 0.1201 | |
| MAexp100: | 0.1284 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | -10.02% | |
| Price / MA50: | -23.22% | |
| Price / MA100: | -29.47% | |
| Price / MAexp7: | +5.76% | |
| Price / MAexp20: | +6.86% | |
| Price / MAexp50: | +2.41% | |
| Price / MAexp100: | -4.21% |
Quotes :
-
15 min delayed data
-
Euronext Paris
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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