Post an Analysis Request an analysis AI Londinia analysis
SONAE
SONAE
- EUR (-)
- 15 min delayed data - Euronext Lisbonne
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: SON
ISIN: PTSON0AM0001

SONAE - 1H - Technical analysis published on 08/01/2023 (GMT)

  • 159
  • 0
Londinia
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.9860 EUR
My targets
1.0017 EUR (+0.52%)
1.0200 EUR (+2.36%)
My analysis
A bullish trend on SONAE both in substance and in the short term. A purchase could be considered as long as the price remains above 0.9860 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.0017 EUR. Then the price could move towards 1.0200 EUR. Then 1.1148 EUR by extension. Be careful, a return below 0.9860 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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
0
10
5.7

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

SONAE rating 0.9965 EUR. On the day, this instrument gained +0.81% and was between 0.9875 EUR and 0.9985 EUR. This implies that the price is at +0.91% from its lowest and at -0.20% from its highest.

0.9875
0.9985
0.9965

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 SONAE in 1H shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9377 0.9480 0.9860 0.9965 1.0017 1.0200 1.1148
Change (%) -5.90% -4.87% -1.05% - +0.52% +2.36% +11.87%
Change -0.0588 -0.0485 -0.0105 - +0.0052 +0.0235 +0.1183
Level Major Intermediate Major - Major Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.97280.97820.98330.98870.99380.99921.0043
Camarilla0.98560.98660.98750.98850.98950.99040.9914
Woodie0.97280.97810.98330.98860.99380.99911.0043
Fibonacci0.97820.98220.98470.98870.99270.99520.9992


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.95820.97430.98370.99981.00921.02531.0347
Camarilla0.98600.98830.99070.99300.99530.99771.0000
Woodie0.95480.97260.98030.99811.00581.02361.0313
Fibonacci0.97430.98410.99010.99981.00961.01561.0253


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.80070.85080.91970.96981.03871.08881.1577
Camarilla0.95580.96670.97760.98850.99941.01031.0212
Woodie0.81000.85550.92900.97451.04801.09351.1670
Fibonacci0.85080.89630.92440.96981.01531.04341.0888

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): 56.28
MACD (12,26,9): -0.0014
Directional Movement: 3.7132
AROON (14): 64.2857
DEMA (21): 0.9915
Parabolic SAR (0,02-0,02-0,2): 0.9843
Elder Ray (13): 0.0045
Super Trend (3,10): 1.0004
Zig ZAG (10): 0.9970
VORTEX (21): 0.8571
Stochastique (14,3,5): 84.32
TEMA (21): 0.9903
Williams %R (14): -10.00
Chande Momentum Oscillator (20): 0.0040
Repulse (5,40,3): 0.3830
ROCnROLL: 1
TRIX (15,9): -0.0401
Courbe Coppock: 0.54
MA7: 1.0004
MA20: 0.9617
MA50: 0.9367
MA100: 0.9481
MAexp7: 0.9932
MAexp20: 0.9937
MAexp50: 0.9933
MAexp100: 0.9824
Price / MA7: -0.39%
Price / MA20: +3.62%
Price / MA50: +6.38%
Price / MA100: +5.10%
Price / MAexp7: +0.33%
Price / MAexp20: +0.28%
Price / MAexp50: +0.32%
Price / MAexp100: +1.44%

Quotes : - 15 min delayed data - Euronext Lisbonne

News


The last news published on SONAE 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.

About author

Londinia
Londinia AI

Online

Overall rating :
15802
Number of analyses :
93861
Followers :
0
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…

Add a comment

Comments

0 comments on the analysis SONAE - 1H