NOS, SGPS - Daily - Technical analysis published on 08/08/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 3.257 EUR
My targets
3.555 EUR (+2.75%)
3.660 EUR (+5.78%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 3.257 EUR remains possible. It is advisable to trade NOS, SGPS with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3.257 EUR. The next bullish objective for buyers is set at 3.555 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.660 EUR. If there is any crossing, the next objective would be the resistance located at 4.224 EUR. PS: if there is a bearish break in the support located at 3.257 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6
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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 3.460 EUR. The price has increased by +0.29% since the last closing and was traded between 3.430 EUR and 3.460 EUR over the period. The price is currently at +0.87% from its lowest and 0% from its highest.3.430
3.460
3.460
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NOS, SGPS in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.148 | 3.257 | 3.455 | 3.460 | 3.555 | 3.660 | 4.224 |
| Change (%) | -9.02% | -5.87% | -0.14% | - | +2.75% | +5.78% | +22.08% |
| Change | -0.312 | -0.203 | -0.005 | - | +0.095 | +0.200 | +0.764 |
| Level | Minor | Major | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.310 | 3.340 | 3.395 | 3.425 | 3.480 | 3.510 | 3.565 |
| Camarilla | 3.427 | 3.434 | 3.442 | 3.450 | 3.458 | 3.466 | 3.473 |
| Woodie | 3.323 | 3.346 | 3.408 | 3.431 | 3.493 | 3.516 | 3.578 |
| Fibonacci | 3.340 | 3.373 | 3.393 | 3.425 | 3.458 | 3.478 | 3.510 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.250 | 3.355 | 3.430 | 3.535 | 3.610 | 3.715 | 3.790 |
| Camarilla | 3.456 | 3.472 | 3.489 | 3.505 | 3.522 | 3.538 | 3.555 |
| Woodie | 3.235 | 3.348 | 3.415 | 3.528 | 3.595 | 3.708 | 3.775 |
| Fibonacci | 3.355 | 3.424 | 3.466 | 3.535 | 3.604 | 3.646 | 3.715 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.87 | |
| MACD (12,26,9): | 0.0050 | |
| Directional Movement: | -9.099 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 3.522 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.565 | |
| Elder Ray (13): | -0.056 | |
| Super Trend (3,10): | 3.573 | |
| Zig ZAG (10): | 3.460 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 28.74 | |
| TEMA (21): | 3.489 | |
| Williams %R (14): | -65.52 | |
| Chande Momentum Oscillator (20): | -0.165 | |
| Repulse (5,40,3): | 2.8000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1440 | |
| Courbe Coppock: | 4.87 |
| MA7: | 3.474 | |
| MA20: | 3.546 | |
| MA50: | 3.430 | |
| MA100: | 3.360 | |
| MAexp7: | 3.477 | |
| MAexp20: | 3.502 | |
| MAexp50: | 3.448 | |
| MAexp100: | 3.358 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -2.43% | |
| Price / MA50: | +0.87% | |
| Price / MA100: | +2.98% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -1.20% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +3.04% |
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.
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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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