PROSUS - 1H - Technical analysis published on 03/06/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 27.640 EUR
My targets
25.603 EUR (-2.98%)
25.073 EUR (-4.99%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 27.640 EUR remains possible. It is advisable to trade PROSUS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 27.640 EUR. The next bearish objective for sellers is set at 25.603 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 25.073 EUR. In case of crossing, the next objective would be the support located at 18.292 EUR. PS: if there is a bullish break in the resistance located at 27.640 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.7
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Additional analysis
Quotes
The PROSUS rating is 26.390 EUR. The price has increased by +1.64% since the last closing and was between 26.210 EUR and 26.475 EUR. This implies that the price is at +0.69% from its lowest and at -0.32% from its highest.26.210
26.475
26.390
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of PROSUS in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 18.292 | 25.603 | 26.390 | 27.640 | 28.750 | 29.368 |
Change (%) | -30.69% | -2.98% | - | +4.74% | +8.94% | +11.28% |
Change | -8.098 | -0.787 | - | +1.250 | +2.360 | +2.978 |
Level | Minor | Major | - | Intermediate | Intermediate | 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 | 25.437 | 25.578 | 25.772 | 25.913 | 26.107 | 26.248 | 26.442 |
Camarilla | 25.873 | 25.904 | 25.934 | 25.965 | 25.996 | 26.026 | 26.057 |
Woodie | 25.463 | 25.591 | 25.798 | 25.926 | 26.133 | 26.261 | 26.468 |
Fibonacci | 25.578 | 25.706 | 25.785 | 25.913 | 26.041 | 26.120 | 26.248 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 25.073 | 25.897 | 26.543 | 27.367 | 28.013 | 28.837 | 29.483 |
Camarilla | 26.786 | 26.921 | 27.055 | 27.190 | 27.325 | 27.460 | 27.594 |
Woodie | 24.985 | 25.853 | 26.455 | 27.323 | 27.925 | 28.793 | 29.395 |
Fibonacci | 25.897 | 26.458 | 26.805 | 27.367 | 27.928 | 28.275 | 28.837 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.652 | 24.703 | 25.847 | 27.898 | 29.042 | 31.093 | 32.237 |
Camarilla | 26.111 | 26.404 | 26.697 | 26.990 | 27.283 | 27.576 | 27.869 |
Woodie | 22.198 | 24.476 | 25.393 | 27.671 | 28.588 | 30.866 | 31.783 |
Fibonacci | 24.703 | 25.924 | 26.678 | 27.898 | 29.119 | 29.873 | 31.093 |
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): | 48.38 | |
MACD (12,26,9): | -0.1900 | |
Directional Movement: | -7.970 | |
AROON (14): | -21.429 | |
DEMA (21): | 26.017 | |
Parabolic SAR (0,02-0,02-0,2): | 25.750 | |
Elder Ray (13): | 0.159 | |
Super Trend (3,10): | 25.852 | |
Zig ZAG (10): | 26.290 | |
VORTEX (21): | 0.8520 | |
Stochastique (14,3,5): | 68.45 | |
TEMA (21): | 26.058 | |
Williams %R (14): | -32.93 | |
Chande Momentum Oscillator (20): | -0.220 | |
Repulse (5,40,3): | -0.7540 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.1380 | |
Courbe Coppock: | 3.13 |
MA7: | 26.871 | |
MA20: | 28.120 | |
MA50: | 27.601 | |
MA100: | 28.227 | |
MAexp7: | 26.195 | |
MAexp20: | 26.298 | |
MAexp50: | 26.746 | |
MAexp100: | 27.282 | |
Price / MA7: | -1.79% | |
Price / MA20: | -6.15% | |
Price / MA50: | -4.39% | |
Price / MA100: | -6.51% | |
Price / MAexp7: | +0.74% | |
Price / MAexp20: | +0.35% | |
Price / MAexp50: | -1.33% | |
Price / MAexp100: | -3.27% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The latest news and videos published on PROSUS at the time of the analysis were as follows:
- Prosus N.V.: Results of Annual General Meeting
- Removal of the Cross-holding Structure Update: Publication of the Notice of Annual General Meeting and Naspers Circular
- Prosus N.V.: Notice of Hybrid Annual General Meeting and Cash Dividend Declaration
- Naspers and Prosus Announce the Intention to Remove the Cross-Holding Structure
- Prosus Delivers Against Strategic Objectives and Is On-Track to Achieve Profitability Target
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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