Londinia Opportunities Analyses - 05/06/2024 (GMT) UMICORE - 1H

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Type:	Stocks
Ticker:	UMI
ISIN:	BE0974320526

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 21.19 EUR

My targets

21.89 EUR (+1.92%)

22.65 EUR (+5.45%)

My analysis

The bullish trend is currently very strong on UMICORE. As long as the price remains above the support at 21.19 EUR, you could try to benefit from the boom. The first bullish objective is located at 21.89 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 22.65 EUR as an objective. Crossing it would then enable buyers to target 24.40 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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

8.6

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.

Additional analysis

Quotes

The UMICORE rating is 21.48 EUR. On the day, this instrument gained +1.23% with the lowest point at 21.30 EUR and the highest point at 21.48 EUR. The deviation from the price is +0.85% for the low point and 0% for the high point.

21.30

21.48

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 UMICORE:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of UMICORE indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.67	20.88	21.19	21.48	22.65	24.40	26.60
Change (%)	-3.77%	-2.79%	-1.35%	-	+5.45%	+13.59%	+23.84%
Change	-0.81	-0.60	-0.29	-	+1.17	+2.92	+5.12
Level	Minor	Major	Intermediate	-	Intermediate	Major	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	18.71	19.35	20.29	20.93	21.87	22.51	23.45
Camarilla	20.79	20.93	21.08	21.22	21.37	21.51	21.66
Woodie	18.85	19.43	20.43	21.01	22.01	22.59	23.59
Fibonacci	19.35	19.96	20.33	20.93	21.54	21.91	22.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.57	19.25	20.23	20.91	21.89	22.57	23.55
Camarilla	20.76	20.92	21.07	21.22	21.37	21.52	21.68
Woodie	18.73	19.33	20.39	20.99	22.05	22.65	23.71
Fibonacci	19.25	19.88	20.27	20.91	21.54	21.93	22.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.95	18.69	19.77	20.51	21.59	22.33	23.41
Camarilla	20.36	20.53	20.69	20.86	21.03	21.19	21.36
Woodie	18.13	18.78	19.95	20.60	21.77	22.42	23.59
Fibonacci	18.69	19.38	19.81	20.51	21.20	21.63	22.33

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):	63.90
MACD (12,26,9):	0.1900
Directional Movement:	15.37
AROON (14):	42.86
DEMA (21):	21.19
Parabolic SAR (0,02-0,02-0,2):	20.44
Elder Ray (13):	0.26
Super Trend (3,10):	20.63
Zig ZAG (10):	21.44
VORTEX (21):	1.0200
Stochastique (14,3,5):	85.14
TEMA (21):	21.35
Williams %R (14):	-8.43
Chande Momentum Oscillator (20):	1.36
Repulse (5,40,3):	0.3000
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	8.65

MA7:	20.75
MA20:	20.60
MA50:	20.08
MA100:	20.88
MAexp7:	21.26
MAexp20:	20.99
MAexp50:	20.81
MAexp100:	20.69
Price / MA7:	+3.52%
Price / MA20:	+4.27%
Price / MA50:	+6.97%
Price / MA100:	+2.87%
Price / MAexp7:	+1.03%
Price / MAexp20:	+2.33%
Price / MAexp50:	+3.22%
Price / MAexp100:	+3.82%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on UMICORE at the time of the analysis were as follows: