ERAMET - 15 min. - Technical analysis published on 05/25/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 88.55 EUR
My targets
87.50 EUR (-0.68%)
86.10 EUR (-2.27%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ERAMET as long as the price remains well below 88.55 EUR. The sellers' bearish objective is set at 87.50 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 86.10 EUR. In case of crossing, the next objective would be the support located at 85.05 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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This analysis was given by paf333. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ERAMET price is 88.10 EUR. The price is lower by -0.90% since the last closing with the lowest point at 87.60 EUR and the highest point at 89.15 EUR. The deviation from the price is +0.57% for the low point and -1.18% for the high point.87.60
89.15
88.10
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ERAMET in 15 min. shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 83.85 | 84.95 | 87.53 | 88.10 | 88.99 | 90.23 | 90.97 |
| Change (%) | -4.82% | -3.58% | -0.65% | - | +1.01% | +2.42% | +3.26% |
| Change | -4.25 | -3.15 | -0.57 | - | +0.89 | +2.13 | +2.87 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.05 | 86.10 | 87.50 | 88.55 | 89.95 | 91.00 | 92.40 |
| Camarilla | 88.23 | 88.45 | 88.68 | 88.90 | 89.13 | 89.35 | 89.57 |
| Woodie | 85.23 | 86.19 | 87.68 | 88.64 | 90.13 | 91.09 | 92.58 |
| Fibonacci | 86.10 | 87.04 | 87.61 | 88.55 | 89.49 | 90.06 | 91.00 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.22 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -19.03 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 88.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.81 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 89.39 | |
| Zig ZAG (10): | 88.20 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 35.63 | |
| TEMA (21): | 88.37 | |
| Williams %R (14): | -55.88 | |
| Chande Momentum Oscillator (20): | -0.95 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.73 |
| MA7: | 89.53 | |
| MA20: | 87.87 | |
| MA50: | 91.71 | |
| MA100: | 94.67 | |
| MAexp7: | 88.36 | |
| MAexp20: | 88.60 | |
| MAexp50: | 88.81 | |
| MAexp100: | 89.17 | |
| Price / MA7: | -1.60% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | -3.94% | |
| Price / MA100: | -6.94% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.56% | |
| Price / MAexp50: | -0.80% | |
| Price / MAexp100: | -1.20% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on ERAMET at the time of the analysis were as follows:
- Eramet: Approval of resolutions proposed to the Ordinary Shareholders’ General Meeting of 23 May 2023
- Eramet: Results of the tender offer to repurchase its bonds due February 2024
- Eramet accelerates its CSR commitment with the launch of the first audit within the Initiative for Responsible Mining Assurance system
- Eramet: Launch of a tender offer to repurchase its bonds due February 2024 and potential issuance of inaugural sustainability-linked bonds
- Eramet: Q1 2023 turnover of €775m
This member declared not having a position on this financial instrument or a related financial instrument.
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