Londinia Opportunities Analyses - 05/20/2024 (GMT) GPI - 1H

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	GPI
ISIN:	IT0005221517

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 12.95 EUR

My targets

13.32 EUR (+1.52%)

13.97 EUR (+6.46%)

My analysis

The basic bullish trend is very strong on GPI but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 12.95 EUR. Crossing the first resistance at 13.32 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 13.97 EUR as an objective. Crossing it would then enable buyers to target 14.66 EUR. Caution, a return to below 12.95 EUR would be a sign of a consolidation phase in the short-term basic trend. 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

7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The GPI rating is 13.12 EUR. On the day, this instrument lost -0.15% with the lowest point at 13.00 EUR and the highest point at 13.14 EUR. The deviation from the price is +0.92% for the low point and -0.15% for the high point.

13.00

13.14

13.12

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 for higher/lower results shows the following items:

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

Technical analysis of this 1H chart of GPI indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

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:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.40	12.72	12.95	13.12	13.32	14.66	16.90
Change (%)	-5.49%	-3.05%	-1.30%	-	+1.52%	+11.74%	+28.81%
Change	-0.72	-0.40	-0.17	-	+0.20	+1.54	+3.78
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Intermediate	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
Standard	12.69	12.79	12.97	13.07	13.25	13.35	13.53
Camarilla	13.06	13.09	13.11	13.14	13.17	13.19	13.22
Woodie	12.72	12.81	13.00	13.09	13.28	13.37	13.56
Fibonacci	12.79	12.90	12.97	13.07	13.18	13.25	13.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.23	12.47	12.81	13.05	13.39	13.63	13.97
Camarilla	12.98	13.03	13.09	13.14	13.19	13.25	13.30
Woodie	12.27	12.50	12.85	13.08	13.43	13.66	14.01
Fibonacci	12.47	12.70	12.83	13.05	13.28	13.41	13.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.13	10.77	11.65	12.29	13.17	13.81	14.69
Camarilla	12.10	12.24	12.38	12.52	12.66	12.80	12.94
Woodie	10.24	10.83	11.76	12.35	13.28	13.87	14.80
Fibonacci	10.77	11.35	11.71	12.29	12.87	13.23	13.81

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):	55.17
MACD (12,26,9):	0.0300
Directional Movement:	8.90
AROON (14):	-7.15
DEMA (21):	13.10
Parabolic SAR (0,02-0,02-0,2):	13.21
Elder Ray (13):	0.05
Super Trend (3,10):	13.22
Zig ZAG (10):	13.12
VORTEX (21):	0.8900
Stochastique (14,3,5):	53.33
TEMA (21):	13.08
Williams %R (14):	-26.67
Chande Momentum Oscillator (20):	0.16
Repulse (5,40,3):	0.2800
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	0.39

MA7:	13.03
MA20:	12.72
MA50:	12.20
MA100:	11.06
MAexp7:	13.08
MAexp20:	13.06
MAexp50:	12.97
MAexp100:	12.83
Price / MA7:	+0.69%
Price / MA20:	+3.14%
Price / MA50:	+7.54%
Price / MA100:	+18.63%
Price / MAexp7:	+0.31%
Price / MAexp20:	+0.46%
Price / MAexp50:	+1.16%
Price / MAexp100:	+2.26%

Quotes : - 15 min delayed data - Actions Italie

News

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