CTT CORREIOS PORT
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 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

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:
15 min. 1H Daily

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

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:

Central 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:

Central Candlesticks

Dark cloud cover

Type : Bearish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard3.4783.4973.5183.5373.5583.5773.598
Camarilla3.5293.5333.5363.5403.5443.5473.551
Woodie3.4803.4983.5203.5383.5603.5783.600
Fibonacci3.4973.5123.5213.5373.5523.5613.577


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.4733.4973.5433.5673.6133.6373.683
Camarilla3.5713.5773.5843.5903.5963.6033.609
Woodie3.4853.5033.5553.5733.6253.6433.695
Fibonacci3.4973.5233.5403.5673.5933.6103.637


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.0623.2333.3973.5683.7323.9034.067
Camarilla3.4683.4993.5293.5603.5913.6213.652
Woodie3.0583.2313.3933.5663.7283.9014.063
Fibonacci3.2333.3613.4403.5683.6963.7753.903

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

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

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