Londinia Opportunities Analyses - 01/26/2023 (GMT) ENAV - 1H

ENAV
- EUR (-)
- 15 min delayed data - Italy Stocks
Type: Stocks
Ticker: ENAV
ISIN: IT0005176406

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Europe Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 4.278 EUR
My targets
4.375 EUR (+1.27%)
4.448 EUR (+2.96%)
My analysis
The bullish trend is currently very strong on ENAV. As long as the price remains above the support at 4.278 EUR, you could try to benefit from the boom. The first bullish objective is located at 4.375 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.448 EUR as an objective. Crossing it would then enable buyers to target 4.700 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
0
10
8.2

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The ENAV price is 4.320 EUR. The price is lower by -0.23% since the last closing and was traded between 4.320 EUR and 4.348 EUR over the period. The price is currently at 0% from its lowest and -0.64% from its highest.

4.320
4.348
4.320

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 1H chart of ENAV indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

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:

Central Patterns

Near resistance of channel

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


S3S2S1PriceR1R2R3
ProTrendLines 4.168 4.211 4.278 4.320 4.375 4.448 4.700
Change (%) -3.52% -2.52% -0.97% - +1.27% +2.96% +8.80%
Change -0.152 -0.109 -0.042 - +0.055 +0.128 +0.380
Level Major Major Intermediate - Major Minor Intermediate



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
Standard4.2034.2294.2794.3054.3554.3814.431
Camarilla4.3094.3164.3234.3304.3374.3444.351
Woodie4.2164.2354.2924.3114.3684.3874.444
Fibonacci4.2294.2584.2764.3054.3344.3524.381


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.9574.0394.1054.1874.2534.3354.401
Camarilla4.1294.1434.1564.1704.1844.1974.211
Woodie3.9484.0354.0964.1834.2444.3314.392
Fibonacci4.0394.0964.1314.1874.2444.2794.335


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.3613.6453.8034.0874.2454.5294.687
Camarilla3.8393.8793.9203.9604.0014.0414.082
Woodie3.2973.6143.7394.0564.1814.4984.623
Fibonacci3.6453.8143.9194.0874.2564.3614.529

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): 63.69
MACD (12,26,9): 0.0230
Directional Movement: 9.317
AROON (14): -57.143
DEMA (21): 4.310
Parabolic SAR (0,02-0,02-0,2): 4.344
Elder Ray (13): 0.022
Super Trend (3,10): 4.222
Zig ZAG (10): 4.330
VORTEX (21): 1.1060
Stochastique (14,3,5): 63.44
TEMA (21): 4.317
Williams %R (14): -11.63
Chande Momentum Oscillator (20): -0.006
Repulse (5,40,3): 1.1540
ROCnROLL: 1
TRIX (15,9): 0.0820
Courbe Coppock: 0.80
MA7: 4.213
MA20: 4.144
MA50: 4.159
MA100: 4.007
MAexp7: 4.302
MAexp20: 4.280
MAexp50: 4.246
MAexp100: 4.212
Price / MA7: +2.54%
Price / MA20: +4.25%
Price / MA50: +3.87%
Price / MA100: +7.81%
Price / MAexp7: +0.42%
Price / MAexp20: +0.93%
Price / MAexp50: +1.74%
Price / MAexp100: +2.56%

Quotes : - 15 min delayed data - Actions Italie