NOS, SGPS - 1H - Technical analysis published on 09/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
11%
56%
33%
My opinion
Bearish under 3.630 EUR
My targets
3.565 EUR (-1.25%)
3.510 EUR (-2.77%)
My analysis
The strong short-term decline in NOS, SGPS calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 3.630 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 3.565 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.510 EUR as an objective. Crossing it would then enable sellers to target 3.455 EUR. Be careful, a return to above 3.630 EUR could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
1.8
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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 3.610 EUR. On the day, this instrument lost -0.41% and was between 3.605 EUR and 3.640 EUR. This implies that the price is at +0.14% from its lowest and at -0.82% from its highest.3.605
3.640
3.610
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOS, SGPS indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 3.510 | 3.565 | 3.600 | 3.610 | 3.630 | 3.660 | 4.224 |
| Change (%) | -2.77% | -1.25% | -0.28% | - | +0.55% | +1.39% | +17.01% |
| Change | -0.100 | -0.045 | -0.010 | - | +0.020 | +0.050 | +0.614 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 3.568 | 3.592 | 3.608 | 3.632 | 3.648 | 3.672 | 3.688 |
| Camarilla | 3.614 | 3.618 | 3.621 | 3.625 | 3.629 | 3.632 | 3.636 |
| Woodie | 3.565 | 3.590 | 3.605 | 3.630 | 3.645 | 3.670 | 3.685 |
| Fibonacci | 3.592 | 3.607 | 3.616 | 3.632 | 3.647 | 3.656 | 3.672 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.518 | 3.542 | 3.583 | 3.607 | 3.648 | 3.672 | 3.713 |
| Camarilla | 3.607 | 3.613 | 3.619 | 3.625 | 3.631 | 3.637 | 3.643 |
| Woodie | 3.528 | 3.546 | 3.593 | 3.611 | 3.658 | 3.676 | 3.723 |
| Fibonacci | 3.542 | 3.567 | 3.582 | 3.607 | 3.632 | 3.647 | 3.672 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.180 | 3.270 | 3.435 | 3.525 | 3.690 | 3.780 | 3.945 |
| Camarilla | 3.530 | 3.553 | 3.577 | 3.600 | 3.623 | 3.647 | 3.670 |
| Woodie | 3.218 | 3.289 | 3.473 | 3.544 | 3.728 | 3.799 | 3.983 |
| Fibonacci | 3.270 | 3.367 | 3.428 | 3.525 | 3.622 | 3.683 | 3.780 |
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): | 40.82 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | -1.897 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 3.624 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.640 | |
| Elder Ray (13): | -0.014 | |
| Super Trend (3,10): | 3.645 | |
| Zig ZAG (10): | 3.615 | |
| VORTEX (21): | 0.8430 | |
| Stochastique (14,3,5): | 13.70 | |
| TEMA (21): | 3.616 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -0.035 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 1.59 |
| MA7: | 3.624 | |
| MA20: | 3.588 | |
| MA50: | 3.549 | |
| MA100: | 3.451 | |
| MAexp7: | 3.619 | |
| MAexp20: | 3.626 | |
| MAexp50: | 3.623 | |
| MAexp100: | 3.606 | |
| Price / MA7: | -0.39% | |
| Price / MA20: | +0.61% | |
| Price / MA50: | +1.72% | |
| Price / MA100: | +4.61% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | +0.11% |
Quotes :
-
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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