CTT CORREIOS PORT - Weekly - Technical analysis published on 11/25/2023 (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%
0%
17%
My opinion
Bullish above 3.114 EUR
My targets
3.723 EUR (+4.73%)
4.163 EUR (+17.10%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CTT CORREIOS PORT. This is a positive signal for buyers. As long as the price remains above 3.114 EUR, a purchase could be considered. The first bullish objective is located at 3.723 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.163 EUR as an objective. Crossing it would then enable buyers to target 4.871 EUR. In the event of a return below 3.114 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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Additional analysis
Quotes
CTT CORREIOS PORT rating 3.555 EUR. The price is up +0.42% over 5 days and has been traded over the last 5 days between 3.515 EUR and 3.565 EUR. This implies that the 5 day price is +1.14% from its lowest point and -0.28% from its highest point.3.515
3.565
3.555
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of CTT CORREIOS PORT indicates that the overall trend is bullish. 78.57% 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 does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.139 | 2.520 | 3.114 | 3.555 | 3.723 | 4.163 | 4.871 |
| Change (%) | -39.83% | -29.11% | -12.41% | - | +4.73% | +17.10% | +37.02% |
| Change | -1.416 | -1.035 | -0.441 | - | +0.168 | +0.608 | +1.316 |
| 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 | 3.500 | 3.515 | 3.535 | 3.550 | 3.570 | 3.585 | 3.605 |
| Camarilla | 3.545 | 3.549 | 3.552 | 3.555 | 3.558 | 3.561 | 3.565 |
| Woodie | 3.503 | 3.516 | 3.538 | 3.551 | 3.573 | 3.586 | 3.608 |
| Fibonacci | 3.515 | 3.528 | 3.537 | 3.550 | 3.563 | 3.572 | 3.585 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.450 | 3.480 | 3.510 | 3.540 | 3.570 | 3.600 | 3.630 |
| Camarilla | 3.524 | 3.529 | 3.535 | 3.540 | 3.546 | 3.551 | 3.557 |
| Woodie | 3.450 | 3.480 | 3.510 | 3.540 | 3.570 | 3.600 | 3.630 |
| Fibonacci | 3.480 | 3.503 | 3.517 | 3.540 | 3.563 | 3.577 | 3.600 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.96 | |
| MACD (12,26,9): | 0.0290 | |
| Directional Movement: | 8.240 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 3.504 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.288 | |
| Elder Ray (13): | 0.054 | |
| Super Trend (3,10): | 3.289 | |
| Zig ZAG (10): | 3.555 | |
| VORTEX (21): | 1.0380 | |
| Stochastique (14,3,5): | 59.38 | |
| TEMA (21): | 3.511 | |
| Williams %R (14): | -38.54 | |
| Chande Momentum Oscillator (20): | 0.160 | |
| Repulse (5,40,3): | 1.6970 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0470 | |
| Courbe Coppock: | 2.62 |
| MA7: | 3.539 | |
| MA20: | 3.553 | |
| MA50: | 3.458 | |
| MA100: | 3.464 | |
| MAexp7: | 3.514 | |
| MAexp20: | 3.470 | |
| MAexp50: | 3.436 | |
| MAexp100: | 3.401 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | +0.06% | |
| Price / MA50: | +2.81% | |
| Price / MA100: | +2.63% | |
| Price / MAexp7: | +1.17% | |
| Price / MAexp20: | +2.45% | |
| Price / MAexp50: | +3.46% | |
| Price / MAexp100: | +4.53% |
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:
- SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates HMTV, CTT, ZEN
- Shareholder Alert - The M&A Class Action Firm Continues Investigating the Merger - ZEN, MANT, HMTV, CTT, HNGR, VHAQ
- INVESTIGATION NOTICE: Halper Sadeh LLP Investigates CVET, HMLP, VMW, CTT
- SHAREHOLDER INVESTIGATION ALERT: Halper Sadeh LLP Investigates MANT, PCSB, SWCH, CTT
- INVESTIGATION ALERT: Halper Sadeh LLP Investigates PCSB, TPTX, MUDS, CTT
This member declared not having a position on this financial instrument or a related financial instrument.
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