PHARMA MAR

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	PHM
ISIN:	ES0169501022

PHARMA MAR - 1H - Technical analysis published on 02/22/2024 (GMT)

Londinia

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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

28%

33%

39%

My opinion

Bearish under 33.43 EUR

My targets

32.54 EUR (-1.63%)

31.39 EUR (-5.11%)

My analysis

PHARMA MAR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 33.43 EUR. The next support located at 32.54 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 31.39 EUR. Below this support, sellers could then target 30.00 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.3

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 PHARMA MAR rating is 33.08 EUR. The price registered a decrease of -0.24% on the session and was traded between 32.86 EUR and 33.72 EUR over the period. The price is currently at +0.67% from its lowest and -1.90% from its highest.

32.86

33.72

33.08

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by PHARMA MAR:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 PHARMA MAR in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	28.21	30.00	31.39	33.08	33.43	36.12	38.02
Change (%)	-14.72%	-9.31%	-5.11%	-	+1.06%	+9.19%	+14.93%
Change	-4.87	-3.08	-1.69	-	+0.35	+3.04	+4.94
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	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	32.01	32.41	32.79	33.19	33.57	33.97	34.35
Camarilla	32.95	33.02	33.09	33.16	33.23	33.30	33.38
Woodie	31.99	32.41	32.77	33.19	33.55	33.97	34.33
Fibonacci	32.41	32.71	32.90	33.19	33.49	33.68	33.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.06	32.54	33.30	34.78	35.54	37.02	37.78
Camarilla	33.44	33.65	33.86	34.06	34.27	34.47	34.68
Woodie	30.70	32.36	32.94	34.60	35.18	36.84	37.42
Fibonacci	32.54	33.40	33.92	34.78	35.64	36.16	37.02

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.77	34.79	36.77	39.79	41.77	44.79	46.77
Camarilla	37.39	37.84	38.30	38.76	39.22	39.68	40.14
Woodie	31.26	34.53	36.26	39.53	41.26	44.53	46.26
Fibonacci	34.79	36.70	37.88	39.79	41.70	42.88	44.79

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):	41.47
MACD (12,26,9):	-0.2100
Directional Movement:	-0.15
AROON (14):	28.57
DEMA (21):	32.90
Parabolic SAR (0,02-0,02-0,2):	32.86
Elder Ray (13):	-0.09
Super Trend (3,10):	33.73
Zig ZAG (10):	33.02
VORTEX (21):	0.8900
Stochastique (14,3,5):	21.48
TEMA (21):	32.97
Williams %R (14):	-77.78
Chande Momentum Oscillator (20):	-0.10
Repulse (5,40,3):	-0.2200
ROCnROLL:	2
TRIX (15,9):	-0.1100
Courbe Coppock:	2.09

MA7:	33.90
MA20:	36.29
MA50:	39.26
MA100:	37.08
MAexp7:	33.09
MAexp20:	33.21
MAexp50:	33.77
MAexp100:	34.72
Price / MA7:	-2.42%
Price / MA20:	-8.85%
Price / MA50:	-15.74%
Price / MA100:	-10.79%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.39%
Price / MAexp50:	-2.04%
Price / MAexp100:	-4.72%

Quotes : - 15 min delayed data - Spain Stocks

News

Don't forget to follow the news on PHARMA MAR. At the time of publication of this analysis, the latest news was as follows:

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

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