CTT CORREIOS PORT - Weekly - Technical analysis published on 12/09/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 3.114 EUR
My targets
3.723 EUR (+5.17%)
4.361 EUR (+23.19%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade 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 4.361 EUR. If there is any crossing, the next objective would be the resistance located at 4.871 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
6.4
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This analysis was given by Tezouro. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CTT CORREIOS PORT rating 3.540 EUR. The price is lower by -1.39% over the 5 days and has been traded over the last 5 days between 3.505 EUR and 3.575 EUR. This implies that the 5 day price is +1.00% from its lowest point and -0.98% from its highest point.3.505
3.575
3.540
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
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 CTT CORREIOS PORT in Weekly shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Weekly
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : Weekly
In fact, 12 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Dark cloud cover
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.139 | 2.520 | 3.114 | 3.540 | 3.723 | 4.361 | 4.871 |
| Change (%) | -39.58% | -28.81% | -12.03% | - | +5.17% | +23.19% | +37.60% |
| Change | -1.401 | -1.020 | -0.426 | - | +0.183 | +0.821 | +1.331 |
| Level | Minor | Intermediate | Major | - | Major | Minor | 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 | 3.478 | 3.497 | 3.518 | 3.537 | 3.558 | 3.577 | 3.598 |
| Camarilla | 3.529 | 3.533 | 3.536 | 3.540 | 3.544 | 3.547 | 3.551 |
| Woodie | 3.480 | 3.498 | 3.520 | 3.538 | 3.560 | 3.578 | 3.600 |
| Fibonacci | 3.497 | 3.512 | 3.521 | 3.537 | 3.552 | 3.561 | 3.577 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.473 | 3.497 | 3.543 | 3.567 | 3.613 | 3.637 | 3.683 |
| Camarilla | 3.571 | 3.577 | 3.584 | 3.590 | 3.596 | 3.603 | 3.609 |
| Woodie | 3.485 | 3.503 | 3.555 | 3.573 | 3.625 | 3.643 | 3.695 |
| Fibonacci | 3.497 | 3.523 | 3.540 | 3.567 | 3.593 | 3.610 | 3.637 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.062 | 3.233 | 3.397 | 3.568 | 3.732 | 3.903 | 4.067 |
| Camarilla | 3.468 | 3.499 | 3.529 | 3.560 | 3.591 | 3.621 | 3.652 |
| Woodie | 3.058 | 3.231 | 3.393 | 3.566 | 3.728 | 3.901 | 4.063 |
| Fibonacci | 3.233 | 3.361 | 3.440 | 3.568 | 3.696 | 3.775 | 3.903 |
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): | 54.32 | |
| MACD (12,26,9): | 0.0350 | |
| Directional Movement: | 7.977 | |
| AROON (14): | 35.715 | |
| DEMA (21): | 3.528 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.306 | |
| Elder Ray (13): | 0.047 | |
| Super Trend (3,10): | 3.289 | |
| Zig ZAG (10): | 3.540 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 62.85 | |
| TEMA (21): | 3.541 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | 0.175 | |
| Repulse (5,40,3): | 0.8870 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0760 | |
| Courbe Coppock: | 7.02 |
| MA7: | 3.546 | |
| MA20: | 3.545 | |
| MA50: | 3.500 | |
| MA100: | 3.458 | |
| MAexp7: | 3.535 | |
| MAexp20: | 3.487 | |
| MAexp50: | 3.446 | |
| MAexp100: | 3.407 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | +1.14% | |
| Price / MA100: | +2.37% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +1.52% | |
| Price / MAexp50: | +2.73% | |
| Price / MAexp100: | +3.90% |
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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