ERG

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ERG
ISIN:	IT0001157020

ERG - 1H - Technical analysis published on 07/23/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 23.61 EUR

My targets

24.24 EUR (+1.25%)

24.42 EUR (+2.01%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on ERG. This is a positive signal for buyers. As long as the price remains above 23.61 EUR, a purchase could be considered. The first bullish objective is located at 24.24 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.42 EUR as an objective. Crossing it would then enable buyers to target 25.14 EUR. In the event of a return below 23.61 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

5.5

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.

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Additional analysis

Quotes

ERG rating 23.94 EUR. On the day, this instrument lost -0.25% with the lowest point at 23.90 EUR and the highest point at 24.16 EUR. The deviation from the price is +0.17% for the low point and -0.91% for the high point.

23.90

24.16

23.94

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ERG:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ERG chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

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 horizontal support

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.46	23.61	23.88	23.94	24.02	24.24	24.42
Change (%)	-2.01%	-1.38%	-0.25%	-	+0.33%	+1.25%	+2.01%
Change	-0.48	-0.33	-0.06	-	+0.08	+0.30	+0.48
Level	Major	Major	Minor	-	Minor	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	23.28	23.48	23.74	23.94	24.20	24.40	24.66
Camarilla	23.87	23.92	23.96	24.00	24.04	24.08	24.13
Woodie	23.31	23.50	23.77	23.96	24.23	24.42	24.69
Fibonacci	23.48	23.66	23.76	23.94	24.12	24.22	24.40

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.52	23.06	23.34	23.88	24.16	24.70	24.98
Camarilla	23.40	23.47	23.55	23.62	23.70	23.77	23.85
Woodie	22.39	23.00	23.21	23.82	24.03	24.64	24.85
Fibonacci	23.06	23.37	23.57	23.88	24.19	24.39	24.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.41	21.39	22.41	24.39	25.41	27.39	28.41
Camarilla	22.62	22.89	23.17	23.44	23.72	23.99	24.27
Woodie	18.94	21.15	21.94	24.15	24.94	27.15	27.94
Fibonacci	21.39	22.53	23.24	24.39	25.53	26.24	27.39

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):	51.29
MACD (12,26,9):	0.0400
Directional Movement:	0.76
AROON (14):	71.43
DEMA (21):	23.97
Parabolic SAR (0,02-0,02-0,2):	23.88
Elder Ray (13):	0
Super Trend (3,10):	23.78
Zig ZAG (10):	23.94
VORTEX (21):	1.1300
Stochastique (14,3,5):	59.26
TEMA (21):	24.01
Williams %R (14):	-40.74
Chande Momentum Oscillator (20):	0.04
Repulse (5,40,3):	-0.4400
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	1.83

MA7:	23.86
MA20:	23.82
MA50:	24.46
MA100:	24.06
MAexp7:	23.96
MAexp20:	23.92
MAexp50:	23.89
MAexp100:	23.89
Price / MA7:	+0.34%
Price / MA20:	+0.50%
Price / MA50:	-2.13%
Price / MA100:	-0.50%
Price / MAexp7:	-0.08%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.21%
Price / MAexp100:	+0.21%

Quotes : - 15 min delayed data - Italy Stocks

News

Don't forget to follow the news on ERG. At the time of publication of this analysis, the latest news was as follows:

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

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