PHARMING GROUP

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	PHARM
ISIN:	NL0010391025

PHARMING GROUP - Daily - Technical analysis published on 08/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 1.160 EUR

My targets

1.262 EUR (+7.13%)

1.310 EUR (+11.21%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PHARMING GROUP as long as the price remains well above 1.160 EUR. The buyers' bullish objective is set at 1.262 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.310 EUR. If there is any crossing, the next objective would be the resistance located at 1.377 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

Force

7.3

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.

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Additional analysis

Quotes

The PHARMING GROUP price is 1.178 EUR. On the day, this instrument gained +4.62% with the lowest point at 1.131 EUR and the highest point at 1.185 EUR. The deviation from the price is +4.16% for the low point and -0.59% for the high point.

1.131

1.185

1.178

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

Here is a more detailed summary of the historical variations registered by PHARMING GROUP:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of PHARMING GROUP in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.049	1.091	1.160	1.178	1.262	1.310	1.377
Change (%)	-10.93%	-7.43%	-1.51%	-	+7.13%	+11.21%	+16.89%
Change	-0.129	-0.088	-0.018	-	+0.084	+0.132	+0.199
Level	Major	Major	Major	-	Intermediate	Minor	Major

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	1.075	1.087	1.107	1.119	1.139	1.151	1.171
Camarilla	1.117	1.120	1.123	1.126	1.129	1.132	1.135
Woodie	1.078	1.089	1.110	1.121	1.142	1.153	1.174
Fibonacci	1.087	1.100	1.107	1.119	1.132	1.139	1.151

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.031	1.054	1.079	1.102	1.127	1.150	1.175
Camarilla	1.090	1.094	1.099	1.103	1.107	1.112	1.116
Woodie	1.031	1.055	1.079	1.103	1.127	1.151	1.175
Fibonacci	1.054	1.073	1.084	1.102	1.121	1.132	1.150

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.966	1.004	1.075	1.113	1.184	1.222	1.293
Camarilla	1.117	1.127	1.137	1.147	1.157	1.167	1.177
Woodie	0.984	1.012	1.093	1.121	1.202	1.230	1.311
Fibonacci	1.004	1.045	1.071	1.113	1.154	1.180	1.222

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):	65.29
MACD (12,26,9):	0.0070
Directional Movement:	12.835
AROON (14):	92.857
DEMA (21):	1.126
Parabolic SAR (0,02-0,02-0,2):	1.079
Elder Ray (13):	0.037
Super Trend (3,10):	1.064
Zig ZAG (10):	1.175
VORTEX (21):	1.0330
Stochastique (14,3,5):	67.69
TEMA (21):	1.129
Williams %R (14):	-7.94
Chande Momentum Oscillator (20):	0.041
Repulse (5,40,3):	5.8840
ROCnROLL:	1
TRIX (15,9):	0.0580
Courbe Coppock:	0.67

MA7:	1.117
MA20:	1.118
MA50:	1.100
MA100:	1.096
MAexp7:	1.128
MAexp20:	1.118
MAexp50:	1.110
MAexp100:	1.108
Price / MA7:	+5.46%
Price / MA20:	+5.37%
Price / MA50:	+7.09%
Price / MA100:	+7.48%
Price / MAexp7:	+4.43%
Price / MAexp20:	+5.37%
Price / MAexp50:	+6.13%
Price / MAexp100:	+6.32%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

The latest news and videos published on PHARMING GROUP 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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