AZIMUT - Daily - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 22.10 EUR
My targets
24.17 EUR (+1.90%)
26.67 EUR (+12.44%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AZIMUT as long as the price remains well above 22.10 EUR. The buyers” bullish objective is set at 24.17 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.67 EUR. If there is any crossing, the next objective would be the resistance located at 29.47 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.4
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AZIMUT rating 23.72 EUR. The price registered a decrease of +0.17% on the session and was traded between 23.47 EUR and 23.77 EUR over the period. The price is currently at +1.07% from its lowest and -0.21% from its highest.23.47
23.77
23.72
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this Daily chart of AZIMUT indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.37 | 21.10 | 22.10 | 23.72 | 24.17 | 26.67 | 29.47 |
| Change (%) | -18.34% | -11.05% | -6.83% | - | +1.90% | +12.44% | +24.24% |
| Change | -4.35 | -2.62 | -1.62 | - | +0.45 | +2.95 | +5.75 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Major |
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 | 22.99 | 23.32 | 23.50 | 23.83 | 24.01 | 24.34 | 24.52 |
| Camarilla | 23.54 | 23.59 | 23.63 | 23.68 | 23.73 | 23.77 | 23.82 |
| Woodie | 22.92 | 23.28 | 23.43 | 23.79 | 23.94 | 24.30 | 24.45 |
| Fibonacci | 23.32 | 23.52 | 23.64 | 23.83 | 24.03 | 24.15 | 24.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.82 | 19.10 | 21.38 | 22.66 | 24.94 | 26.22 | 28.50 |
| Camarilla | 22.68 | 23.01 | 23.33 | 23.66 | 23.99 | 24.31 | 24.64 |
| Woodie | 18.32 | 19.35 | 21.88 | 22.91 | 25.44 | 26.47 | 29.00 |
| Fibonacci | 19.10 | 20.46 | 21.30 | 22.66 | 24.02 | 24.86 | 26.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.39 | 19.76 | 20.52 | 21.89 | 22.65 | 24.02 | 24.78 |
| Camarilla | 20.69 | 20.89 | 21.09 | 21.28 | 21.48 | 21.67 | 21.87 |
| Woodie | 18.09 | 19.61 | 20.22 | 21.74 | 22.35 | 23.87 | 24.48 |
| Fibonacci | 19.76 | 20.57 | 21.08 | 21.89 | 22.70 | 23.21 | 24.02 |
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): | 65.73 | |
| MACD (12,26,9): | 0.5800 | |
| Directional Movement: | 15.35 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 23.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.96 | |
| Elder Ray (13): | 0.70 | |
| Super Trend (3,10): | 22.17 | |
| Zig ZAG (10): | 23.68 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 90.29 | |
| TEMA (21): | 23.58 | |
| Williams %R (14): | -12.70 | |
| Chande Momentum Oscillator (20): | 2.40 | |
| Repulse (5,40,3): | -1.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 18.58 |
| MA7: | 23.69 | |
| MA20: | 22.31 | |
| MA50: | 22.12 | |
| MA100: | 19.62 | |
| MAexp7: | 23.45 | |
| MAexp20: | 22.71 | |
| MAexp50: | 21.70 | |
| MAexp100: | 20.24 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +6.32% | |
| Price / MA50: | +7.23% | |
| Price / MA100: | +20.90% | |
| Price / MAexp7: | +1.15% | |
| Price / MAexp20: | +4.45% | |
| Price / MAexp50: | +9.31% | |
| Price / MAexp100: | +17.19% |
This member declared not having a position on this financial instrument or a related financial instrument.
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