Londinia Opportunities Analyses - 06/08/2023 (GMT) SALCEF GROUP - 1H

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	SCF
ISIN:	IT0005388266

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 22.50 EUR

My targets

23.05 EUR (+1.32%)

24.72 EUR (+8.66%)

My analysis

The bullish trend is currently very strong on SALCEF GROUP. As long as the price remains above the support at 22.50 EUR, you could try to benefit from the boom. The first bullish objective is located at 23.05 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.72 EUR as an objective. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The SALCEF GROUP price is 22.75 EUR. The price has increased by +0.00% since the last closing and was between 22.65 EUR and 22.80 EUR. This implies that the price is at +0.44% from its lowest and at -0.22% from its highest.

22.65

22.80

22.75

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

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

Technical

A technical analysis in 1H of this SALCEF GROUP chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21.00	21.50	22.50	22.75	22.80	23.05	24.72
Change (%)	-7.69%	-5.49%	-1.10%	-	+0.22%	+1.32%	+8.66%
Change	-1.75	-1.25	-0.25	-	+0.05	+0.30	+1.97
Level	Major	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

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	21.73	22.02	22.38	22.67	23.03	23.32	23.68
Camarilla	22.57	22.63	22.69	22.75	22.81	22.87	22.93
Woodie	21.78	22.04	22.43	22.69	23.08	23.34	23.73
Fibonacci	22.02	22.27	22.42	22.67	22.92	23.07	23.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.30	20.85	21.95	22.50	23.60	24.15	25.25
Camarilla	22.60	22.75	22.90	23.05	23.20	23.35	23.50
Woodie	20.58	20.99	22.23	22.64	23.88	24.29	25.53
Fibonacci	20.85	21.48	21.87	22.50	23.13	23.52	24.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.35	19.53	20.74	21.92	23.13	24.31	25.52
Camarilla	21.29	21.51	21.73	21.95	22.17	22.39	22.61
Woodie	18.37	19.54	20.76	21.93	23.15	24.32	25.54
Fibonacci	19.53	20.44	21.01	21.92	22.83	23.40	24.31

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):	55.22
MACD (12,26,9):	0.0100
Directional Movement:	11.43
AROON (14):	28.57
DEMA (21):	22.67
Parabolic SAR (0,02-0,02-0,2):	22.33
Elder Ray (13):	0.10
Super Trend (3,10):	22.81
Zig ZAG (10):	22.75
VORTEX (21):	0.9500
Stochastique (14,3,5):	69.23
TEMA (21):	22.63
Williams %R (14):	-30.77
Chande Momentum Oscillator (20):	-0.05
Repulse (5,40,3):	0.4600
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.82

MA7:	22.61
MA20:	22.31
MA50:	21.42
MA100:	19.67
MAexp7:	22.68
MAexp20:	22.65
MAexp50:	22.56
MAexp100:	22.40
Price / MA7:	+0.62%
Price / MA20:	+1.97%
Price / MA50:	+6.21%
Price / MA100:	+15.66%
Price / MAexp7:	+0.31%
Price / MAexp20:	+0.44%
Price / MAexp50:	+0.84%
Price / MAexp100:	+1.56%

Quotes : - 15 min delayed data - Actions Italie