CTT CORREIOS PORT

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CTT
ISIN:	PTCTT0AM0001

CTT CORREIOS PORT - Weekly - Technical analysis published on 11/03/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 3.114 EUR

My targets

3.723 EUR (+3.27%)

4.163 EUR (+15.48%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CTT CORREIOS PORT as long as the price remains well above 3.114 EUR. The buyers' bullish objective is set at 3.723 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.163 EUR. If there is any crossing, the next objective would be the resistance located at 4.871 EUR.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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.

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

Additional analysis

Quotes

CTT CORREIOS PORT rating 3.605 EUR. The price registered an increase of +2.56% over 5 days and was traded between 3.525 EUR and 3.740 EUR over the period. The price is currently at +2.27% from its lowest point and -3.61% from its highest point.

3.525

3.740

3.605

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CTT CORREIOS PORT:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CTT CORREIOS PORT in Weekly shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals 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 20

Type : Bullish

Timeframe : Weekly

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Weekly

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Weekly

MACD indicator is back over 0

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

Resistance of channel is broken

Type : Bullish

Timeframe : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.139	2.520	3.114	3.605	3.723	4.163	4.871
Change (%)	-40.67%	-30.10%	-13.62%	-	+3.27%	+15.48%	+35.12%
Change	-1.466	-1.085	-0.491	-	+0.118	+0.558	+1.266
Level	Minor	Intermediate	Major	-	Major	Intermediate	Major

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	3.408	3.502	3.553	3.647	3.698	3.792	3.843
Camarilla	3.565	3.578	3.592	3.605	3.618	3.632	3.645
Woodie	3.388	3.491	3.533	3.636	3.678	3.781	3.823
Fibonacci	3.502	3.557	3.591	3.647	3.702	3.736	3.792

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.232	3.298	3.407	3.473	3.582	3.648	3.757
Camarilla	3.467	3.483	3.499	3.515	3.531	3.547	3.563
Woodie	3.253	3.309	3.428	3.484	3.603	3.659	3.778
Fibonacci	3.298	3.365	3.407	3.473	3.540	3.582	3.648

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.090	3.195	3.400	3.505	3.710	3.815	4.020
Camarilla	3.520	3.548	3.577	3.605	3.633	3.662	3.690
Woodie	3.140	3.220	3.450	3.530	3.760	3.840	4.070
Fibonacci	3.195	3.313	3.387	3.505	3.623	3.697	3.815

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):	59.05
MACD (12,26,9):	0.0140
Directional Movement:	15.583
AROON (14):	-64.286
DEMA (21):	3.462
Parabolic SAR (0,02-0,02-0,2):	3.260
Elder Ray (13):	0.183
Super Trend (3,10):	3.289
Zig ZAG (10):	3.605
VORTEX (21):	1.0590
Stochastique (14,3,5):	50.17
TEMA (21):	3.454
Williams %R (14):	-28.13
Chande Momentum Oscillator (20):	0.175
Repulse (5,40,3):	1.8620
ROCnROLL:	1
TRIX (15,9):	0.0140
Courbe Coppock:	3.92

MA7:	3.579
MA20:	3.480
MA50:	3.411
MA100:	3.453
MAexp7:	3.470
MAexp20:	3.444
MAexp50:	3.422
MAexp100:	3.393
Price / MA7:	+0.73%
Price / MA20:	+3.59%
Price / MA50:	+5.69%
Price / MA100:	+4.40%
Price / MAexp7:	+3.89%
Price / MAexp20:	+4.67%
Price / MAexp50:	+5.35%
Price / MAexp100:	+6.25%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The latest news and videos published on CTT CORREIOS PORT at the time of the analysis were as follows:

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

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