IT WAY

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ITW
ISIN:	IT0003057624

IT WAY - Daily - Technical analysis published on 09/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 2.150 EUR

My targets

2.500 EUR (+9.65%)

2.840 EUR (+24.56%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IT WAY as long as the price remains well above 2.150 EUR. The buyers' bullish objective is set at 2.500 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.840 EUR. If there is any crossing, the next objective would be the resistance located at 3.190 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, 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

9.1

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

The IT WAY rating is 2.280 EUR. The price has increased by +6.54% since the last closing with the lowest point at 2.145 EUR and the highest point at 2.300 EUR. The deviation from the price is +6.29% for the low point and -0.87% for the high point.

2.145

2.300

2.280

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 IT WAY:

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

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

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of IT WAY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by 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 shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

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

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.718	1.912	2.150	2.280	2.500	2.840	3.190
Change (%)	-24.65%	-16.14%	-5.70%	-	+9.65%	+24.56%	+39.91%
Change	-0.562	-0.368	-0.130	-	+0.220	+0.560	+0.910
Level	Minor	Major	Intermediate	-	Minor	Minor	Major

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	1.910	1.990	2.065	2.145	2.220	2.300	2.375
Camarilla	2.097	2.112	2.126	2.140	2.154	2.168	2.183
Woodie	1.908	1.989	2.063	2.144	2.218	2.299	2.373
Fibonacci	1.990	2.049	2.086	2.145	2.204	2.241	2.300

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.487	1.633	1.857	2.003	2.227	2.373	2.597
Camarilla	1.978	2.012	2.046	2.080	2.114	2.148	2.182
Woodie	1.525	1.653	1.895	2.023	2.265	2.393	2.635
Fibonacci	1.633	1.775	1.862	2.003	2.145	2.232	2.373

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.241	1.405	1.537	1.701	1.833	1.997	2.129
Camarilla	1.587	1.614	1.641	1.668	1.695	1.722	1.749
Woodie	1.224	1.397	1.520	1.693	1.816	1.989	2.112
Fibonacci	1.405	1.518	1.588	1.701	1.814	1.884	1.997

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):	69.93
MACD (12,26,9):	0.1170
Directional Movement:	24.980
AROON (14):	78.571
DEMA (21):	2.112
Parabolic SAR (0,02-0,02-0,2):	1.974
Elder Ray (13):	0.184
Super Trend (3,10):	1.837
Zig ZAG (10):	2.280
VORTEX (21):	1.1940
Stochastique (14,3,5):	83.16
TEMA (21):	2.182
Williams %R (14):	-3.39
Chande Momentum Oscillator (20):	0.440
Repulse (5,40,3):	7.1070
ROCnROLL:	1
TRIX (15,9):	0.6590
Courbe Coppock:	37.83

MA7:	2.115
MA20:	1.927
MA50:	1.816
MA100:	1.613
MAexp7:	2.122
MAexp20:	1.973
MAexp50:	1.826
MAexp100:	1.704
Price / MA7:	+7.80%
Price / MA20:	+18.32%
Price / MA50:	+25.55%
Price / MA100:	+41.35%
Price / MAexp7:	+7.45%
Price / MAexp20:	+15.56%
Price / MAexp50:	+24.86%
Price / MAexp100:	+33.80%

Quotes : - 15 min delayed data - Italy Stocks

News

The last news published on IT WAY 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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