ERAMET

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ERA
ISIN:	FR0000131757

ERAMET - 1H - Technical analysis published on 05/24/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 88.99 EUR

My targets

86.80 EUR (-1.14%)

84.95 EUR (-3.25%)

My analysis

The strong short-term decline of ERAMET reinforces the current slightly bearish trend. As long as the price remains below 88.99 EUR, you could take advantage of this bearish acceleration. The first bearish objective is located at 86.80 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 84.95 EUR as an objective. Crossing it would then enable sellers to target 83.85 EUR. A return to above 88.99 EUR would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

3.8

Comment on the analysis

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.

This analysis was given by paf333. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ERAMET rating is 87.80 EUR. The price registered a decrease of -1.51% on the session with the lowest point at 87.50 EUR and the highest point at 88.50 EUR. The deviation from the price is +0.34% for the low point and -0.79% for the high point.

87.50

88.50

87.80

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of this 1H chart of ERAMET indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

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 support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Downside gap

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	84.95	86.80	87.53	87.80	88.99	90.23	90.97
Change (%)	-3.25%	-1.14%	-0.31%	-	+1.36%	+2.77%	+3.61%
Change	-2.85	-1.00	-0.27	-	+1.19	+2.43	+3.17
Level	Minor	Minor	Major	-	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	86.43	87.72	88.43	89.72	90.43	91.72	92.43
Camarilla	88.60	88.78	88.97	89.15	89.33	89.52	89.70
Woodie	86.15	87.58	88.15	89.58	90.15	91.58	92.15
Fibonacci	87.72	88.48	88.95	89.72	90.48	90.95	91.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	82.32	84.58	87.97	90.23	93.62	95.88	99.27
Camarilla	89.80	90.31	90.83	91.35	91.87	92.39	92.90
Woodie	82.88	84.86	88.53	90.51	94.18	96.16	99.83
Fibonacci	84.58	86.74	88.08	90.23	92.39	93.73	95.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.88	73.97	81.03	92.12	99.18	110.27	117.33
Camarilla	83.11	84.77	86.44	88.10	89.76	91.43	93.09
Woodie	60.88	72.96	79.03	91.11	97.18	109.26	115.33
Fibonacci	73.97	80.90	85.18	92.12	99.05	103.33	110.27

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):	32.97
MACD (12,26,9):	-0.2900
Directional Movement:	-22.19
AROON (14):	-64.29
DEMA (21):	89.58
Parabolic SAR (0,02-0,02-0,2):	91.43
Elder Ray (13):	-1.62
Super Trend (3,10):	90.14
Zig ZAG (10):	87.95
VORTEX (21):	0.7800
Stochastique (14,3,5):	9.49
TEMA (21):	89.02
Williams %R (14):	-87.14
Chande Momentum Oscillator (20):	-2.35
Repulse (5,40,3):	-1.1000
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	1.90

MA7:	89.39
MA20:	87.94
MA50:	91.89
MA100:	94.61
MAexp7:	89.23
MAexp20:	89.84
MAexp50:	89.66
MAexp100:	89.33
Price / MA7:	-1.78%
Price / MA20:	-0.16%
Price / MA50:	-4.45%
Price / MA100:	-7.20%
Price / MAexp7:	-1.60%
Price / MAexp20:	-2.27%
Price / MAexp50:	-2.07%
Price / MAexp100:	-1.71%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on ERAMET at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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