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 - Daily - Technical analysis published on 07/08/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 32.88 EUR

My targets

37.88 EUR (+9.04%)

41.18 EUR (+18.54%)

My analysis

The basic bullish trend is very strong on PHARMA MAR but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 32.88 EUR. Crossing the first resistance at 37.88 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 41.18 EUR as an objective. Crossing it would then enable buyers to target 42.99 EUR. Caution, a return to below 32.88 EUR would be a sign of a consolidation phase in the short-term basic trend. 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.

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

6.8

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 34.74 EUR. The price registered an increase of +4.07% on the session and was between 33.38 EUR and 35.12 EUR. This implies that the price is at +4.07% from its lowest and at -1.08% from its highest.

33.38

35.12

34.74

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

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this PHARMA MAR chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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:

Near support of triangle

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	28.21	30.91	32.88	34.74	35.26	37.88	41.18
Change (%)	-18.80%	-11.02%	-5.35%	-	+1.50%	+9.04%	+18.54%
Change	-6.53	-3.83	-1.86	-	+0.52	+3.14	+6.44
Level	Major	Minor	Intermediate	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.26	32.70	33.04	33.48	33.82	34.26	34.60
Camarilla	33.17	33.24	33.31	33.38	33.45	33.52	33.60
Woodie	32.21	32.68	32.99	33.46	33.77	34.24	34.55
Fibonacci	32.70	33.00	33.18	33.48	33.78	33.96	34.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.09	30.97	32.17	33.05	34.25	35.13	36.33
Camarilla	32.81	33.00	33.19	33.38	33.57	33.76	33.95
Woodie	30.26	31.05	32.34	33.13	34.42	35.21	36.50
Fibonacci	30.97	31.76	32.25	33.05	33.84	34.33	35.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.09	27.45	29.64	34.00	36.19	40.55	42.74
Camarilla	30.02	30.62	31.22	31.82	32.42	33.02	33.62
Woodie	22.00	26.91	28.55	33.46	35.10	40.01	41.65
Fibonacci	27.45	29.96	31.50	34.00	36.51	38.05	40.55

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):	55.96
MACD (12,26,9):	-0.4000
Directional Movement:	3.29
AROON (14):	42.86
DEMA (21):	33.38
Parabolic SAR (0,02-0,02-0,2):	31.86
Elder Ray (13):	0.70
Super Trend (3,10):	35.49
Zig ZAG (10):	34.80
VORTEX (21):	0.8100
Stochastique (14,3,5):	58.46
TEMA (21):	32.60
Williams %R (14):	-9.70
Chande Momentum Oscillator (20):	0.36
Repulse (5,40,3):	3.4400
ROCnROLL:	1
TRIX (15,9):	-0.1800
Courbe Coppock:	10.35

MA7:	32.88
MA20:	33.93
MA50:	34.28
MA100:	31.63
MAexp7:	33.44
MAexp20:	33.81
MAexp50:	33.64
MAexp100:	33.33
Price / MA7:	+5.66%
Price / MA20:	+2.39%
Price / MA50:	+1.34%
Price / MA100:	+9.83%
Price / MAexp7:	+3.89%
Price / MAexp20:	+2.75%
Price / MAexp50:	+3.27%
Price / MAexp100:	+4.23%

Quotes : - 15 min delayed data - Spain Stocks

News

The last news published on PHARMA MAR at the time of the generation of this analysis was as follows:

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

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