NOVABASE,SGPS - Weekly - Technical analysis published on 01/07/2023 (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
39%
28%
33%
My opinion
Bearish under 4.31 EUR
My targets
3.96 EUR (-5.26%)
3.30 EUR (-21.05%)
My analysis
NOVABASE,SGPS is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 4.31 EUR, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 3.96 EUR. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 3.30 EUR would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 2.06 EUR. Beware of a possible return to above the resistance located at 4.31 EUR which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.8
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 price is 4.18 EUR. Over 5 days, this instrument gained +3.47% with the lowest point at 4.09 EUR and the highest point at 4.19 EUR. The deviation from the price is +2.20% for the low point and -0.24% for the high point.4.09
4.19
4.18
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NOVABASE,SGPS:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
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 resistance
Type : Bearish
Timeframe : Weekly
Resistance of channel is broken
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.06 | 3.30 | 3.96 | 4.18 | 4.31 | 5.06 |
| Change (%) | -50.72% | -21.05% | -5.26% | - | +3.11% | +21.05% |
| Change | -2.12 | -0.88 | -0.22 | - | +0.13 | +0.88 |
| Level | Major | Intermediate | Major | - | 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 | 4.10 | 4.11 | 4.15 | 4.16 | 4.20 | 4.21 | 4.25 |
| Camarilla | 4.17 | 4.17 | 4.18 | 4.18 | 4.19 | 4.19 | 4.19 |
| Woodie | 4.11 | 4.12 | 4.16 | 4.17 | 4.21 | 4.22 | 4.26 |
| Fibonacci | 4.11 | 4.13 | 4.14 | 4.16 | 4.18 | 4.19 | 4.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.59 | 3.72 | 3.88 | 4.01 | 4.17 | 4.30 | 4.46 |
| Camarilla | 3.96 | 3.99 | 4.01 | 4.04 | 4.07 | 4.09 | 4.12 |
| Woodie | 3.61 | 3.73 | 3.90 | 4.02 | 4.19 | 4.31 | 4.48 |
| Fibonacci | 3.72 | 3.83 | 3.90 | 4.01 | 4.12 | 4.19 | 4.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.51 | 3.68 | 3.86 | 4.03 | 4.21 | 4.38 | 4.56 |
| Camarilla | 3.94 | 3.98 | 4.01 | 4.04 | 4.07 | 4.10 | 4.14 |
| Woodie | 3.52 | 3.68 | 3.87 | 4.03 | 4.22 | 4.38 | 4.57 |
| Fibonacci | 3.68 | 3.81 | 3.90 | 4.03 | 4.16 | 4.25 | 4.38 |
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): | 45.31 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -13.51 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 4.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.31 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 4.70 | |
| Zig ZAG (10): | 4.18 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 40.95 | |
| TEMA (21): | 4.05 | |
| Williams %R (14): | -43.75 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 3.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3500 | |
| Courbe Coppock: | 13.18 |
| MA7: | 4.11 | |
| MA20: | 4.12 | |
| MA50: | 4.14 | |
| MA100: | 4.31 | |
| MAexp7: | 4.14 | |
| MAexp20: | 4.25 | |
| MAexp50: | 4.33 | |
| MAexp100: | 4.12 | |
| Price / MA7: | +1.70% | |
| Price / MA20: | +1.46% | |
| Price / MA50: | +0.97% | |
| Price / MA100: | -3.02% | |
| Price / MAexp7: | +0.97% | |
| Price / MAexp20: | -1.65% | |
| Price / MAexp50: | -3.46% | |
| Price / MAexp100: | +1.46% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
Don't forget to follow the news on NOVABASE,SGPS. At the time of publication of this analysis, the latest news was as follows:
Novabase SGPSThis member declared not having a position on this financial instrument or a related financial instrument.
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