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

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	DAL
ISIN:	IT0004053440

Londinia

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%

My opinion

Bullish above 7.002 EUR

My targets

7.120 EUR (+0.92%)

7.218 EUR (+2.31%)

My analysis

The bullish trend is currently very strong on DATALOGIC. As long as the price remains above the support at 7.002 EUR, you could try to benefit from the boom. The first bullish objective is located at 7.120 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.218 EUR as an objective. Crossing it would then enable buyers to target 7.383 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

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Additional analysis

Quotes

The DATALOGIC rating is 7.055 EUR. On the day, this instrument gained +0.71% and was between 6.990 EUR and 7.115 EUR. This implies that the price is at +0.93% from its lowest and at -0.84% from its highest.

6.990

7.115

7.055

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DATALOGIC in 1H shows a strongly overall bullish trend. 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.660	6.755	7.002	7.055	7.120	7.218	7.383
Change (%)	-5.60%	-4.25%	-0.75%	-	+0.92%	+2.31%	+4.65%
Change	-0.395	-0.300	-0.053	-	+0.065	+0.163	+0.328
Level	Minor	Intermediate	Major	-	Major	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	6.760	6.835	6.920	6.995	7.080	7.155	7.240
Camarilla	6.961	6.976	6.990	7.005	7.020	7.034	7.049
Woodie	6.765	6.838	6.925	6.998	7.085	7.158	7.245
Fibonacci	6.835	6.896	6.934	6.995	7.056	7.094	7.155

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.572	6.663	6.817	6.908	7.062	7.153	7.307
Camarilla	6.903	6.925	6.948	6.970	6.993	7.015	7.037
Woodie	6.603	6.679	6.848	6.924	7.093	7.169	7.338
Fibonacci	6.663	6.757	6.815	6.908	7.002	7.060	7.153

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.622	6.081	6.455	6.914	7.288	7.747	8.121
Camarilla	6.601	6.677	6.754	6.830	6.906	6.983	7.059
Woodie	5.581	6.060	6.414	6.893	7.247	7.726	8.080
Fibonacci	6.081	6.399	6.596	6.914	7.232	7.429	7.747

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):	58.56
MACD (12,26,9):	0.0230
Directional Movement:	11.316
AROON (14):	64.286
DEMA (21):	7.045
Parabolic SAR (0,02-0,02-0,2):	6.922
Elder Ray (13):	0.045
Super Trend (3,10):	7.085
Zig ZAG (10):	7.050
VORTEX (21):	0.9620
Stochastique (14,3,5):	80.96
TEMA (21):	7.045
Williams %R (14):	-31.71
Chande Momentum Oscillator (20):	0.080
Repulse (5,40,3):	-1.0140
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.79

MA7:	6.944
MA20:	6.867
MA50:	7.076
MA100:	7.732
MAexp7:	7.035
MAexp20:	7.018
MAexp50:	6.978
MAexp100:	6.946
Price / MA7:	+1.60%
Price / MA20:	+2.74%
Price / MA50:	-0.30%
Price / MA100:	-8.76%
Price / MAexp7:	+0.28%
Price / MAexp20:	+0.53%
Price / MAexp50:	+1.10%
Price / MAexp100:	+1.57%

Quotes : - 15 min delayed data - Actions Italie

News

Don't forget to follow the news on DATALOGIC. At the time of publication of this analysis, the latest news was as follows: