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

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	CSTM
ISIN:	NL0010489522

Londinia

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

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 20.82 USD

My targets

21.25 USD (+1.19%)

21.68 USD (+3.24%)

My analysis

The bullish trend is currently very strong on CONSTELLIUM SE. As long as the price remains above the support at 20.82 USD, you could try to benefit from the boom. The first bullish objective is located at 21.25 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 21.68 USD as an objective. Crossing it would then enable buyers to target 22.88 USD. 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

7.7

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Additional analysis

Quotes

The CONSTELLIUM SE rating is 21.00 USD. On the day, this instrument gained +1.45% with the lowest point at 20.65 USD and the highest point at 21.01 USD. The deviation from the price is +1.69% for the low point and -0.05% for the high point.

20.65

21.01

21.00

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CONSTELLIUM SE in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, 12 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.17	20.48	20.82	21.00	21.06	21.25	21.68
Change (%)	-3.95%	-2.48%	-0.86%	-	+0.29%	+1.19%	+3.24%
Change	-0.83	-0.52	-0.18	-	+0.06	+0.25	+0.68
Level	Minor	Major	Intermediate	-	Intermediate	Major	Minor

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	20.02	20.31	20.50	20.79	20.98	21.27	21.46
Camarilla	20.57	20.61	20.66	20.70	20.74	20.79	20.83
Woodie	19.98	20.29	20.46	20.77	20.94	21.25	21.42
Fibonacci	20.31	20.49	20.60	20.79	20.97	21.08	21.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.66	19.21	19.96	20.51	21.26	21.81	22.56
Camarilla	20.34	20.46	20.58	20.70	20.82	20.94	21.06
Woodie	18.75	19.26	20.05	20.56	21.35	21.86	22.65
Fibonacci	19.21	19.71	20.02	20.51	21.01	21.32	21.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.61	17.03	18.36	20.78	22.11	24.53	25.86
Camarilla	18.66	19.00	19.35	19.69	20.03	20.38	20.72
Woodie	14.07	16.76	17.82	20.51	21.57	24.26	25.32
Fibonacci	17.03	18.46	19.35	20.78	22.21	23.10	24.53

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):	59.69
MACD (12,26,9):	0.1500
Directional Movement:	17.82
AROON (14):	57.14
DEMA (21):	20.78
Parabolic SAR (0,02-0,02-0,2):	20.64
Elder Ray (13):	0.07
Super Trend (3,10):	20.35
Zig ZAG (10):	20.77
VORTEX (21):	1.1400
Stochastique (14,3,5):	59.30
TEMA (21):	20.86
Williams %R (14):	-40.54
Chande Momentum Oscillator (20):	0.07
Repulse (5,40,3):	0.5900
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	4.97

MA7:	20.42
MA20:	20.33
MA50:	20.86
MA100:	19.96
MAexp7:	20.73
MAexp20:	20.59
MAexp50:	20.42
MAexp100:	20.45
Price / MA7:	+2.84%
Price / MA20:	+3.30%
Price / MA50:	+0.67%
Price / MA100:	+5.21%
Price / MAexp7:	+1.30%
Price / MAexp20:	+1.99%
Price / MAexp50:	+2.84%
Price / MAexp100:	+2.69%

Quotes : - 15 min delayed data - Actions NYSE