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 10/16/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 1.912 EUR

My targets

2.150 EUR (+4.12%)

2.310 EUR (+11.86%)

My analysis

The basic bullish trend is very strong on IT WAY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.912 EUR. Crossing the first resistance at 2.150 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.310 EUR as an objective. Crossing it would then enable buyers to target 2.500 EUR. Caution, a return to below 1.912 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

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 2.065 EUR. On the day, this instrument gained +9.03% and was between 1.880 EUR and 2.140 EUR. This implies that the price is at +9.84% from its lowest and at -3.50% from its highest.

1.880

2.140

2.065

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

Bearish opening

Type : Bearish

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 result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Abnormal volumes on IT WAY were detected by the Central Volumes scanner:

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. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.659	1.788	1.912	2.065	2.150	2.310	2.500
Change (%)	-19.66%	-13.41%	-7.41%	-	+4.12%	+11.86%	+21.07%
Change	-0.406	-0.277	-0.153	-	+0.085	+0.245	+0.435
Level	Intermediate	Minor	Major	-	Major	Major	Minor

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	1.794	1.838	1.866	1.910	1.938	1.982	2.010
Camarilla	1.874	1.881	1.887	1.894	1.901	1.907	1.914
Woodie	1.786	1.834	1.858	1.906	1.930	1.978	2.002
Fibonacci	1.838	1.866	1.883	1.910	1.938	1.955	1.982

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.679	1.755	1.825	1.901	1.971	2.047	2.117
Camarilla	1.854	1.867	1.881	1.894	1.907	1.921	1.934
Woodie	1.675	1.754	1.821	1.900	1.967	2.046	2.113
Fibonacci	1.755	1.811	1.846	1.901	1.957	1.992	2.047

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.013	1.349	1.699	2.035	2.385	2.721	3.071
Camarilla	1.861	1.924	1.987	2.050	2.113	2.176	2.239
Woodie	1.021	1.353	1.707	2.039	2.393	2.725	3.079
Fibonacci	1.349	1.611	1.773	2.035	2.297	2.459	2.721

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.84
MACD (12,26,9):	0.0100
Directional Movement:	6.948
AROON (14):	-78.571
DEMA (21):	2.008
Parabolic SAR (0,02-0,02-0,2):	1.832
Elder Ray (13):	0.026
Super Trend (3,10):	2.199
Zig ZAG (10):	2.135
VORTEX (21):	0.9510
Stochastique (14,3,5):	33.59
TEMA (21):	1.967
Williams %R (14):	-30.82
Chande Momentum Oscillator (20):	0.030
Repulse (5,40,3):	16.3380
ROCnROLL:	1
TRIX (15,9):	0.1830
Courbe Coppock:	18.35

MA7:	1.951
MA20:	2.041
MA50:	1.892
MA100:	1.729
MAexp7:	1.981
MAexp20:	1.983
MAexp50:	1.908
MAexp100:	1.787
Price / MA7:	+5.84%
Price / MA20:	+1.18%
Price / MA50:	+9.14%
Price / MA100:	+19.43%
Price / MAexp7:	+4.24%
Price / MAexp20:	+4.14%
Price / MAexp50:	+8.23%
Price / MAexp100:	+15.56%

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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