Londinia Opportunities Analyses - 05/21/2024 (GMT) ALTAREA - 1H

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	ALTA
ISIN:	FR0000033219

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: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 98.7 EUR

My targets

107.0 EUR (+4.06%)

109.4 EUR (+6.42%)

My analysis

ALTAREA 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 98.7 EUR. The next resistance located at 107.0 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 109.4 EUR. After this resistance, buyers could then target 137.0 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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

ALTAREA rating 102.8 EUR. On the day, this instrument gained +0.98% and was traded between 101.0 EUR and 103.2 EUR over the period. The price is currently at +1.78% from its lowest and -0.39% from its highest.

101.0

103.2

102.8

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

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 ALTAREA in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

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	84.3	93.9	98.7	102.8	103.3	109.4	137.0
Change (%)	-18.00%	-8.66%	-3.99%	-	+0.49%	+6.42%	+33.27%
Change	-18.5	-8.9	-4.1	-	+0.5	+6.6	+34.2
Level	Minor	Intermediate	Major	-	Intermediate	Major	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	97.6	99.0	100.4	101.8	103.2	104.6	106.0
Camarilla	101.0	101.3	101.5	101.8	102.1	102.3	102.6
Woodie	97.6	99.0	100.4	101.8	103.2	104.6	106.0
Fibonacci	99.0	100.1	100.7	101.8	102.9	103.5	104.6

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	88.6	92.4	95.9	99.7	103.2	107.0	110.5
Camarilla	97.5	98.2	98.8	99.5	100.2	100.8	101.5
Woodie	88.6	92.3	95.9	99.6	103.2	106.9	110.5
Fibonacci	92.4	95.2	96.9	99.7	102.5	104.2	107.0

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.9	70.0	75.6	78.7	84.3	87.4	93.0
Camarilla	78.7	79.5	80.3	81.1	81.9	82.7	83.5
Woodie	68.1	70.6	76.8	79.3	85.5	88.0	94.2
Fibonacci	70.0	73.4	75.4	78.7	82.1	84.1	87.4

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):	59.50
MACD (12,26,9):	0.6000
Directional Movement:	4.7
AROON (14):	28.6
DEMA (21):	102.8
Parabolic SAR (0,02-0,02-0,2):	100.7
Elder Ray (13):	0.4
Super Trend (3,10):	101.1
Zig ZAG (10):	102.8
VORTEX (21):	1.0000
Stochastique (14,3,5):	83.80
TEMA (21):	102.8
Williams %R (14):	-10.80
Chande Momentum Oscillator (20):	0.2
Repulse (5,40,3):	0.6000
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	4.00

MA7:	101.1
MA20:	92.8
MA50:	81.9
MA100:	80.0
MAexp7:	102.5
MAexp20:	102.0
MAexp50:	100.8
MAexp100:	97.8
Price / MA7:	+1.68%
Price / MA20:	+10.78%
Price / MA50:	+25.52%
Price / MA100:	+28.50%
Price / MAexp7:	+0.29%
Price / MAexp20:	+0.78%
Price / MAexp50:	+1.98%
Price / MAexp100:	+5.11%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on ALTAREA at the time of the analysis were as follows: