EBUSCO HOLDING - 1H - Technical analysis published on 05/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 8.023 EUR
My targets
8.410 EUR (+1.94%)
8.745 EUR (+6.00%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EBUSCO HOLDING as long as the price remains well above 8.023 EUR. The buyers' bullish objective is set at 8.410 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.745 EUR. If there is any crossing, the next objective would be the resistance located at 10.620 EUR.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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Additional analysis
Quotes
EBUSCO HOLDING rating 8.250 EUR. The price registered an increase of +7.35% on the session and was traded between 7.850 EUR and 8.290 EUR over the period. The price is currently at +5.10% from its lowest and -0.48% from its highest.7.850
8.290
8.250
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 (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 this 1H chart of EBUSCO HOLDING indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.500 | 7.725 | 8.023 | 8.250 | 8.410 | 8.745 | 10.620 |
| Change (%) | -9.09% | -6.36% | -2.75% | - | +1.94% | +6.00% | +28.73% |
| Change | -0.750 | -0.525 | -0.227 | - | +0.160 | +0.495 | +2.370 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | 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 | 7.340 | 7.495 | 7.590 | 7.745 | 7.840 | 7.995 | 8.090 |
| Camarilla | 7.616 | 7.639 | 7.662 | 7.685 | 7.708 | 7.731 | 7.754 |
| Woodie | 7.310 | 7.480 | 7.560 | 7.730 | 7.810 | 7.980 | 8.060 |
| Fibonacci | 7.495 | 7.591 | 7.650 | 7.745 | 7.841 | 7.900 | 7.995 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.927 | 7.213 | 7.512 | 7.798 | 8.097 | 8.383 | 8.682 |
| Camarilla | 7.649 | 7.703 | 7.756 | 7.810 | 7.864 | 7.917 | 7.971 |
| Woodie | 6.933 | 7.216 | 7.518 | 7.801 | 8.103 | 8.386 | 8.688 |
| Fibonacci | 7.213 | 7.437 | 7.575 | 7.798 | 8.022 | 8.160 | 8.383 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.273 | 7.957 | 8.443 | 9.127 | 9.613 | 10.297 | 10.783 |
| Camarilla | 8.608 | 8.716 | 8.823 | 8.930 | 9.037 | 9.145 | 9.252 |
| Woodie | 7.175 | 7.908 | 8.345 | 9.078 | 9.515 | 10.248 | 10.685 |
| Fibonacci | 7.957 | 8.404 | 8.680 | 9.127 | 9.574 | 9.850 | 10.297 |
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): | 76.90 | |
| MACD (12,26,9): | 0.0620 | |
| Directional Movement: | 36.064 | |
| AROON (14): | 21.428 | |
| DEMA (21): | 7.852 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.661 | |
| Elder Ray (13): | 0.309 | |
| Super Trend (3,10): | 7.837 | |
| Zig ZAG (10): | 8.170 | |
| VORTEX (21): | 1.1580 | |
| Stochastique (14,3,5): | 61.64 | |
| TEMA (21): | 7.923 | |
| Williams %R (14): | -5.46 | |
| Chande Momentum Oscillator (20): | 0.445 | |
| Repulse (5,40,3): | 3.2070 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0470 | |
| Courbe Coppock: | 4.27 |
| MA7: | 7.775 | |
| MA20: | 8.024 | |
| MA50: | 8.871 | |
| MA100: | 11.056 | |
| MAexp7: | 7.903 | |
| MAexp20: | 7.788 | |
| MAexp50: | 7.774 | |
| MAexp100: | 7.883 | |
| Price / MA7: | +6.11% | |
| Price / MA20: | +2.82% | |
| Price / MA50: | -7.00% | |
| Price / MA100: | -25.38% | |
| Price / MAexp7: | +4.39% | |
| Price / MAexp20: | +5.93% | |
| Price / MAexp50: | +6.12% | |
| Price / MAexp100: | +4.66% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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