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J.MARTINS,SGPS
J.MARTINS,SGPS
- EUR (-)
- 15 min delayed data - Euronext Lisbonne
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: JMT
ISIN: PTJMT0AE0001

J.MARTINS,SGPS - 1H - Technical analysis published on 08/03/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 24.58 EUR
My targets
24.10 EUR (-0.66%)
22.68 EUR (-6.51%)
My analysis
The bearish trend is currently very strong for J.MARTINS,SGPS. As long as the price remains below the resistance at 24.58 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 24.10 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 22.68 EUR as an objective. Crossing it would then enable sellers to target 21.08 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating 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
0
10
7.3

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.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The J.MARTINS,SGPS price is 24.26 EUR. The price registered a decrease of -0.57% on the session and was traded between 23.98 EUR and 24.34 EUR over the period. The price is currently at +1.17% from its lowest and -0.33% from its highest.

23.98
24.34
24.26

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of J.MARTINS,SGPS indicates that the overall trend is strongly bearish. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 21.08 22.68 24.10 24.26 24.58 25.12 25.43
Change (%) -13.11% -6.51% -0.66% - +1.32% +3.54% +4.82%
Change -3.18 -1.58 -0.16 - +0.32 +0.86 +1.17
Level Major Major Intermediate - Minor 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
Standard23.4523.7724.0924.4124.7325.0525.37
Camarilla24.2224.2824.3424.4024.4624.5224.58
Woodie23.4423.7724.0824.4124.7225.0525.36
Fibonacci23.7724.0224.1724.4124.6624.8125.05


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.4223.0023.9425.5226.4628.0428.98
Camarilla24.1924.4224.6524.8825.1125.3425.57
Woodie21.1022.8423.6225.3626.1427.8828.66
Fibonacci23.0023.9624.5625.5226.4827.0828.04


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.3422.9623.8625.4826.3828.0028.90
Camarilla24.0724.3024.5324.7624.9925.2225.45
Woodie20.9822.7823.5025.3026.0227.8228.54
Fibonacci22.9623.9224.5225.4826.4427.0428.00

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): 35.08
MACD (12,26,9): -0.2000
Directional Movement: -25.03
AROON (14): -50.00
DEMA (21): 24.16
Parabolic SAR (0,02-0,02-0,2): 24.64
Elder Ray (13): -0.20
Super Trend (3,10): 24.58
Zig ZAG (10): 24.16
VORTEX (21): 0.8300
Stochastique (14,3,5): 25.44
TEMA (21): 24.18
Williams %R (14): -76.32
Chande Momentum Oscillator (20): -0.24
Repulse (5,40,3): -0.2700
ROCnROLL: 2
TRIX (15,9): -0.1100
Courbe Coppock: 2.58
MA7: 24.87
MA20: 25.68
MA50: 25.05
MA100: 23.22
MAexp7: 24.23
MAexp20: 24.43
MAexp50: 24.87
MAexp100: 25.30
Price / MA7: -2.45%
Price / MA20: -5.53%
Price / MA50: -3.15%
Price / MA100: +4.48%
Price / MAexp7: +0.12%
Price / MAexp20: -0.70%
Price / MAexp50: -2.45%
Price / MAexp100: -4.11%

Quotes : - 15 min delayed data - Euronext Lisbonne

News


The latest news and videos published on J.MARTINS,SGPS at the time of the analysis were as follows:

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

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