NOVABASE,SGPS - Weekly - Technical analysis published on 12/27/2022 (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:
Slightly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 4.31 EUR
My targets
3.67 EUR (-11.21%)
3.30 EUR (-20.10%)
My analysis
The strong short-term decline of NOVABASE,SGPS reinforces the current slightly bearish trend. As long as the price remains below 4.31 EUR, you could take advantage of this bearish acceleration. The first bearish objective is located at 3.67 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.30 EUR as an objective. Crossing it would then enable sellers to target 2.06 EUR. A return to above 4.31 EUR would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.7
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
The NOVABASE,SGPS rating is 4.13 EUR. The price registered an increase of +2.23% over 5 days with the lowest point at 4.09 EUR and the highest point at 4.14 EUR. The deviation from the price is +0.98% for the low point and -0.24% for the high point.4.09
4.14
4.13
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on NOVABASE,SGPS were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this NOVABASE,SGPS chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Weekly
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Weekly
Near resistance of triangle
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 | 3.30 | 4.05 | 4.13 | 4.31 | 5.06 |
| Change (%) | -50.12% | -20.10% | -1.94% | - | +4.36% | +22.52% |
| Change | -2.07 | -0.83 | -0.08 | - | +0.18 | +0.93 |
| Level | Major | Intermediate | Major | - | Major | 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 | 4.05 | 4.07 | 4.10 | 4.12 | 4.15 | 4.17 | 4.20 |
| Camarilla | 4.12 | 4.12 | 4.13 | 4.13 | 4.14 | 4.14 | 4.14 |
| Woodie | 4.06 | 4.07 | 4.11 | 4.12 | 4.16 | 4.17 | 4.21 |
| Fibonacci | 4.07 | 4.09 | 4.10 | 4.12 | 4.14 | 4.15 | 4.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.97 | 4.01 | 4.11 | 4.15 | 4.25 | 4.29 | 4.39 |
| Camarilla | 4.16 | 4.17 | 4.19 | 4.20 | 4.21 | 4.23 | 4.24 |
| Woodie | 3.99 | 4.03 | 4.13 | 4.17 | 4.27 | 4.31 | 4.41 |
| Fibonacci | 4.01 | 4.07 | 4.10 | 4.15 | 4.21 | 4.24 | 4.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.37 | 3.67 | 3.81 | 4.11 | 4.25 | 4.55 | 4.69 |
| Camarilla | 3.84 | 3.88 | 3.92 | 3.96 | 4.00 | 4.04 | 4.08 |
| Woodie | 3.30 | 3.63 | 3.74 | 4.07 | 4.18 | 4.51 | 4.62 |
| Fibonacci | 3.67 | 3.84 | 3.94 | 4.11 | 4.28 | 4.38 | 4.55 |
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): | 41.90 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -11.33 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 4.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.38 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 4.80 | |
| Zig ZAG (10): | 4.13 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 37.16 | |
| TEMA (21): | 4.07 | |
| Williams %R (14): | -63.53 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | 0.2800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 16.43 |
| MA7: | 4.14 | |
| MA20: | 4.10 | |
| MA50: | 4.15 | |
| MA100: | 4.36 | |
| MAexp7: | 4.16 | |
| MAexp20: | 4.28 | |
| MAexp50: | 4.35 | |
| MAexp100: | 4.12 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | -0.48% | |
| Price / MA100: | -5.28% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -3.50% | |
| Price / MAexp50: | -5.06% | |
| Price / MAexp100: | +0.24% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The latest news and videos published on NOVABASE,SGPS at the time of the analysis were as follows:
Novabase SGPSThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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