NOS, SGPS - 1H - Technical analysis published on 08/02/2024 (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
17%
67%
17%
My opinion
Bearish under 3.510 EUR
My targets
3.455 EUR (-0.86%)
3.425 EUR (-1.72%)
My analysis
NOS, SGPS 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 3.510 EUR. The next support located at 3.455 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 3.425 EUR. Below this support, sellers could then target 3.365 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOS, SGPS rating is 3.485 EUR. The price is lower by -0.57% since the last closing with the lowest point at 3.460 EUR and the highest point at 3.500 EUR. The deviation from the price is +0.72% for the low point and -0.43% for the high point.3.460
3.500
3.485
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NOS, SGPS in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.365 | 3.425 | 3.455 | 3.485 | 3.510 | 3.555 | 3.600 |
| Change (%) | -3.44% | -1.72% | -0.86% | - | +0.72% | +2.01% | +3.30% |
| Change | -0.120 | -0.060 | -0.030 | - | +0.025 | +0.070 | +0.115 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Minor |
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 | 3.445 | 3.475 | 3.490 | 3.520 | 3.535 | 3.565 | 3.580 |
| Camarilla | 3.493 | 3.497 | 3.501 | 3.505 | 3.509 | 3.513 | 3.517 |
| Woodie | 3.438 | 3.471 | 3.483 | 3.516 | 3.528 | 3.561 | 3.573 |
| Fibonacci | 3.475 | 3.492 | 3.503 | 3.520 | 3.537 | 3.548 | 3.565 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.485 | 3.525 | 3.570 | 3.610 | 3.655 | 3.695 | 3.740 |
| Camarilla | 3.592 | 3.599 | 3.607 | 3.615 | 3.623 | 3.631 | 3.638 |
| Woodie | 3.488 | 3.526 | 3.573 | 3.611 | 3.658 | 3.696 | 3.743 |
| Fibonacci | 3.525 | 3.558 | 3.578 | 3.610 | 3.643 | 3.663 | 3.695 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.012 | 3.158 | 3.357 | 3.503 | 3.702 | 3.848 | 4.047 |
| Camarilla | 3.460 | 3.492 | 3.523 | 3.555 | 3.587 | 3.618 | 3.650 |
| Woodie | 3.038 | 3.171 | 3.383 | 3.516 | 3.728 | 3.861 | 4.073 |
| Fibonacci | 3.158 | 3.290 | 3.372 | 3.503 | 3.635 | 3.717 | 3.848 |
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): | 22.44 | |
| MACD (12,26,9): | -0.0240 | |
| Directional Movement: | -44.536 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 3.500 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.517 | |
| Elder Ray (13): | -0.030 | |
| Super Trend (3,10): | 3.527 | |
| Zig ZAG (10): | 3.485 | |
| VORTEX (21): | 0.7170 | |
| Stochastique (14,3,5): | 26.16 | |
| TEMA (21): | 3.489 | |
| Williams %R (14): | -76.19 | |
| Chande Momentum Oscillator (20): | -0.070 | |
| Repulse (5,40,3): | -0.1190 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0780 | |
| Courbe Coppock: | 3.35 |
| MA7: | 3.564 | |
| MA20: | 3.551 | |
| MA50: | 3.422 | |
| MA100: | 3.346 | |
| MAexp7: | 3.502 | |
| MAexp20: | 3.529 | |
| MAexp50: | 3.558 | |
| MAexp100: | 3.561 | |
| Price / MA7: | -2.22% | |
| Price / MA20: | -1.86% | |
| Price / MA50: | +1.84% | |
| Price / MA100: | +4.15% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -1.25% | |
| Price / MAexp50: | -2.05% | |
| Price / MAexp100: | -2.13% |
Quotes :
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15 min delayed data
-
Euronext Lisbonne
NOS SGPSThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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