Londinia Opportunities Analyses - 11/29/2022 (GMT) ALTEN - 1H
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EUR
(-)
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15 min delayed data - Euronext Paris
| Type: | Stocks |
| Ticker: | ATE |
| ISIN: | FR0000071946 |
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 121.3 EUR
My targets
116.6 EUR (-2.67%)
115.1 EUR (-3.92%)
My analysis
The bearish trend is currently very strong for ALTEN. As long as the price remains below the resistance at 121.3 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 116.6 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 115.1 EUR as an objective. Crossing it would then enable sellers to target 111.2 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The ALTEN price is 119.8 EUR. On the day, this instrument lost -1.32% with the lowest point at 119.5 EUR and the highest point at 121.3 EUR. The deviation from the price is +0.25% for the low point and -1.24% for the high point.119.5
121.3
119.8
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ALTEN in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 115.1 | 116.6 | 119.4 | 119.8 | 121.3 | 124.5 | 126.5 |
| Change (%) | -3.92% | -2.67% | -0.33% | - | +1.25% | +3.92% | +5.59% |
| Change | -4.7 | -3.2 | -0.4 | - | +1.5 | +4.7 | +6.7 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 118.8 | 120.1 | 120.7 | 122.0 | 122.6 | 123.9 | 124.5 |
| Camarilla | 120.9 | 121.1 | 121.2 | 121.4 | 121.6 | 121.8 | 121.9 |
| Woodie | 118.6 | 119.9 | 120.5 | 121.8 | 122.4 | 123.7 | 124.3 |
| Fibonacci | 120.1 | 120.8 | 121.2 | 122.0 | 122.7 | 123.1 | 123.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 114.6 | 116.7 | 120.2 | 122.3 | 125.8 | 127.9 | 131.4 |
| Camarilla | 122.1 | 122.6 | 123.1 | 123.6 | 124.1 | 124.6 | 125.1 |
| Woodie | 115.2 | 117.1 | 120.8 | 122.7 | 126.4 | 128.3 | 132.0 |
| Fibonacci | 116.7 | 118.9 | 120.2 | 122.3 | 124.5 | 125.8 | 127.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.6 | 90.8 | 104.6 | 113.8 | 127.6 | 136.8 | 150.6 |
| Camarilla | 112.0 | 114.1 | 116.2 | 118.3 | 120.4 | 122.5 | 124.6 |
| Woodie | 83.8 | 92.0 | 106.8 | 115.0 | 129.8 | 138.0 | 152.8 |
| Fibonacci | 90.8 | 99.6 | 105.1 | 113.8 | 122.6 | 128.1 | 136.8 |
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): | 34.20 | |
| MACD (12,26,9): | -0.6000 | |
| Directional Movement: | -15.9 | |
| AROON (14): | -92.9 | |
| DEMA (21): | 120.7 | |
| Parabolic SAR (0,02-0,02-0,2): | 122.7 | |
| Elder Ray (13): | -1.3 | |
| Super Trend (3,10): | 122.0 | |
| Zig ZAG (10): | 119.6 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 3.30 | |
| TEMA (21): | 120.0 | |
| Williams %R (14): | -97.60 | |
| Chande Momentum Oscillator (20): | -3.0 | |
| Repulse (5,40,3): | -1.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.60 |
| MA7: | 122.1 | |
| MA20: | 121.0 | |
| MA50: | 116.6 | |
| MA100: | 120.9 | |
| MAexp7: | 120.4 | |
| MAexp20: | 121.4 | |
| MAexp50: | 121.8 | |
| MAexp100: | 121.6 | |
| Price / MA7: | -1.88% | |
| Price / MA20: | -0.99% | |
| Price / MA50: | +2.74% | |
| Price / MA100: | -0.91% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -1.32% | |
| Price / MAexp50: | -1.64% | |
| Price / MAexp100: | -1.48% |
Quotes :
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15 min delayed data
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Euronext Paris
News
The last news published on ALTEN at the time of the generation of this analysis was as follows:
- Equiteq advises Alten on its first Korean acquisition, AP Solutions, a local leader in technology and engineering services
- Equiteq advises Alten on its first Korean acquisition, AP Solutions, a local leader in technology and engineering services
- ALTEN Calsoft Labs rebrands its business name as ACL Digital to represent and reemphasize its capabilities in the digital ecosystem
- ALTEN Calsoft Labs Acquires Wafer Space, a Semiconductor and Embedded Systems Company
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Alten