NOVABASE,SGPS - Weekly - Technical analysis published on 11/29/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 4.31 EUR
My targets
3.52 EUR (-13.37%)
3.30 EUR (-18.72%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NOVABASE,SGPS as long as the price remains well below 4.31 EUR. The sellers' bearish objective is set at 3.52 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.30 EUR. In case of crossing, the next objective would be the support located at 2.60 EUR.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.8
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This analysis was given by Tezouro. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOVABASE,SGPS price is 4.06 EUR. The price registered a decrease of -2.40% over 5 days and has been traded over the last 5 days between 4.05 EUR and 4.24 EUR. This implies that the 5 day price is +0.25% from its lowest point and -4.25% from its highest point.4.05
4.24
4.06
Here is a more detailed summary of the historical variations registered by NOVABASE,SGPS:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NOVABASE,SGPS in Weekly shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Weekly
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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:
Near horizontal support
Type : Bullish
Timeframe : Weekly
Support of channel is broken
Type : Bearish
Timeframe : Weekly
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.06 | 2.60 | 3.30 | 4.06 | 4.31 | 4.88 |
| Change (%) | -49.26% | -35.96% | -18.72% | - | +6.16% | +20.20% |
| Change | -2.00 | -1.46 | -0.76 | - | +0.25 | +0.82 |
| Level | Major | Minor | Intermediate | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.90 | 3.97 | 4.02 | 4.09 | 4.14 | 4.21 | 4.26 |
| Camarilla | 4.03 | 4.04 | 4.05 | 4.06 | 4.07 | 4.08 | 4.09 |
| Woodie | 3.88 | 3.97 | 4.00 | 4.09 | 4.12 | 4.21 | 4.24 |
| Fibonacci | 3.97 | 4.02 | 4.05 | 4.09 | 4.14 | 4.17 | 4.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.90 | 3.97 | 4.09 | 4.16 | 4.28 | 4.35 | 4.47 |
| Camarilla | 4.15 | 4.17 | 4.18 | 4.20 | 4.22 | 4.24 | 4.25 |
| Woodie | 3.92 | 3.98 | 4.11 | 4.17 | 4.30 | 4.36 | 4.49 |
| Fibonacci | 3.97 | 4.05 | 4.09 | 4.16 | 4.24 | 4.28 | 4.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.21 | 3.52 | 3.85 | 4.16 | 4.49 | 4.80 | 5.13 |
| Camarilla | 4.01 | 4.07 | 4.13 | 4.19 | 4.25 | 4.31 | 4.37 |
| Woodie | 3.23 | 3.53 | 3.87 | 4.17 | 4.51 | 4.81 | 5.15 |
| Fibonacci | 3.52 | 3.76 | 3.91 | 4.16 | 4.40 | 4.55 | 4.80 |
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): | 37.71 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -9.66 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 4.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.49 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 4.80 | |
| Zig ZAG (10): | 4.06 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 32.03 | |
| TEMA (21): | 4.10 | |
| Williams %R (14): | -76.47 | |
| Chande Momentum Oscillator (20): | -0.60 | |
| Repulse (5,40,3): | -4.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2700 | |
| Courbe Coppock: | 19.87 |
| MA7: | 4.14 | |
| MA20: | 4.19 | |
| MA50: | 4.26 | |
| MA100: | 4.45 | |
| MAexp7: | 4.19 | |
| MAexp20: | 4.34 | |
| MAexp50: | 4.38 | |
| MAexp100: | 4.12 | |
| Price / MA7: | -1.93% | |
| Price / MA20: | -3.10% | |
| Price / MA50: | -4.69% | |
| Price / MA100: | -8.76% | |
| Price / MAexp7: | -3.10% | |
| Price / MAexp20: | -6.45% | |
| Price / MAexp50: | -7.31% | |
| Price / MAexp100: | -1.46% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The last news published on NOVABASE,SGPS at the time of the generation of this analysis was as follows:
Novabase SGPSThis member declared not having a position on this financial instrument or a related financial instrument.
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