NOVABASE,SGPS - Daily - Technical analysis published on 04/28/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 4.55 EUR
My targets
4.80 EUR (+2.35%)
5.06 EUR (+7.89%)
My analysis
With a bullish background trend, the price of NOVABASE,SGPS is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 4.55 EUR. A bullish break in the resistance located at 4.80 EUR would boost the bullish momentum and fuel the basic trend. Then the price could move towards 5.06 EUR. PS: if there is a bearish break in the support located at 4.55 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
0.9
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Additional analysis
Quotes
The NOVABASE,SGPS rating is 4.69 EUR. The price registered an increase of +1.74% on the session with the lowest point at 4.60 EUR and the highest point at 4.69 EUR. The deviation from the price is +1.96% for the low point and 0% for the high point.4.60
4.69
4.69
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NOVABASE,SGPS:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NOVABASE,SGPS chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Piercing line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.40 | 4.55 | 4.68 | 4.69 | 4.80 | 5.06 |
| Change (%) | -6.18% | -2.99% | -0.21% | - | +2.35% | +7.89% |
| Change | -0.29 | -0.14 | -0.01 | - | +0.11 | +0.37 |
| Level | Minor | Minor | Minor | - | 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 | 4.46 | 4.54 | 4.57 | 4.65 | 4.68 | 4.76 | 4.79 |
| Camarilla | 4.58 | 4.59 | 4.60 | 4.61 | 4.62 | 4.63 | 4.64 |
| Woodie | 4.45 | 4.53 | 4.56 | 4.64 | 4.67 | 4.75 | 4.78 |
| Fibonacci | 4.54 | 4.58 | 4.61 | 4.65 | 4.69 | 4.72 | 4.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.24 | 4.42 | 4.50 | 4.68 | 4.76 | 4.94 | 5.02 |
| Camarilla | 4.52 | 4.54 | 4.57 | 4.59 | 4.61 | 4.64 | 4.66 |
| Woodie | 4.20 | 4.40 | 4.46 | 4.66 | 4.72 | 4.92 | 4.98 |
| Fibonacci | 4.42 | 4.52 | 4.58 | 4.68 | 4.78 | 4.84 | 4.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.14 | 4.28 | 4.54 | 4.68 | 4.94 | 5.08 | 5.34 |
| Camarilla | 4.69 | 4.73 | 4.76 | 4.80 | 4.84 | 4.87 | 4.91 |
| Woodie | 4.20 | 4.31 | 4.60 | 4.71 | 5.00 | 5.11 | 5.40 |
| Fibonacci | 4.28 | 4.43 | 4.53 | 4.68 | 4.83 | 4.93 | 5.08 |
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): | 48.30 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -2.67 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 4.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.81 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 4.40 | |
| Zig ZAG (10): | 4.69 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 46.46 | |
| TEMA (21): | 4.68 | |
| Williams %R (14): | -48.48 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | 3.3700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 3.67 |
| MA7: | 4.68 | |
| MA20: | 4.75 | |
| MA50: | 4.73 | |
| MA100: | 4.44 | |
| MAexp7: | 4.70 | |
| MAexp20: | 4.72 | |
| MAexp50: | 4.66 | |
| MAexp100: | 4.55 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -1.26% | |
| Price / MA50: | -0.85% | |
| Price / MA100: | +5.63% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.64% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +3.08% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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