Londinia Opportunities Analyses - 05/03/2024 (GMT) AZIMUT - 1H
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EUR
(-)
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15 min delayed data - Italy Stocks
| Type: | Stocks |
| Ticker: | AZM |
| ISIN: | IT0003261697 |
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
83%
0%
17%
My opinion
Bullish above 24.70 EUR
My targets
25.15 EUR (+1.13%)
26.57 EUR (+6.84%)
My analysis
AZIMUT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 24.70 EUR. The next resistance located at 25.15 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 26.57 EUR. After this resistance, buyers could then target 27.31 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.8
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Additional analysis
Quotes
The AZIMUT price is 24.87 EUR. The price has increased by +0.61% since the last closing with the lowest point at 24.77 EUR and the highest point at 24.88 EUR. The deviation from the price is +0.40% for the low point and -0.04% for the high point.24.77
24.88
24.87
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AZIMUT 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.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
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 | 24.02 | 24.36 | 24.70 | 24.87 | 24.91 | 25.15 | 26.57 |
| Change (%) | -3.42% | -2.05% | -0.68% | - | +0.16% | +1.13% | +6.84% |
| Change | -0.85 | -0.51 | -0.17 | - | +0.04 | +0.28 | +1.70 |
| Level | Major | Minor | Minor | - | Intermediate | 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 | 24.32 | 24.49 | 24.61 | 24.78 | 24.90 | 25.07 | 25.19 |
| Camarilla | 24.64 | 24.67 | 24.69 | 24.72 | 24.75 | 24.77 | 24.80 |
| Woodie | 24.29 | 24.48 | 24.58 | 24.77 | 24.87 | 25.06 | 25.16 |
| Fibonacci | 24.49 | 24.60 | 24.67 | 24.78 | 24.89 | 24.96 | 25.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.37 | 23.74 | 24.17 | 24.54 | 24.97 | 25.34 | 25.77 |
| Camarilla | 24.39 | 24.46 | 24.54 | 24.61 | 24.68 | 24.76 | 24.83 |
| Woodie | 23.41 | 23.76 | 24.21 | 24.56 | 25.01 | 25.36 | 25.81 |
| Fibonacci | 23.74 | 24.04 | 24.23 | 24.54 | 24.84 | 25.03 | 25.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.50 | 23.12 | 23.95 | 24.57 | 25.40 | 26.02 | 26.85 |
| Camarilla | 24.37 | 24.50 | 24.64 | 24.77 | 24.90 | 25.04 | 25.17 |
| Woodie | 22.60 | 23.17 | 24.05 | 24.62 | 25.50 | 26.07 | 26.95 |
| Fibonacci | 23.12 | 23.68 | 24.02 | 24.57 | 25.13 | 25.47 | 26.02 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.49 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 10.54 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 24.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.67 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 24.57 | |
| Zig ZAG (10): | 24.86 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 58.62 | |
| TEMA (21): | 24.83 | |
| Williams %R (14): | -34.48 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.25 |
| MA7: | 24.64 | |
| MA20: | 24.43 | |
| MA50: | 25.05 | |
| MA100: | 24.93 | |
| MAexp7: | 24.82 | |
| MAexp20: | 24.77 | |
| MAexp50: | 24.67 | |
| MAexp100: | 24.57 | |
| Price / MA7: | +0.93% | |
| Price / MA20: | +1.80% | |
| Price / MA50: | -0.72% | |
| Price / MA100: | -0.24% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +1.22% |
Quotes :
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15 min delayed data
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