NOVABASE,SGPS

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	NBA
ISIN:	PTNBA0AM0006

NOVABASE,SGPS - Daily - Technical analysis published on 08/08/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 4.39 EUR

My targets

4.63 EUR (+2.66%)

My analysis

The bullish trend is currently very strong on NOVABASE,SGPS. As long as the price remains above the support at 4.39 EUR, you could try to benefit from the boom. The first bullish objective is located at 4.63 EUR. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

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 Londinia.

Additional analysis

Quotes

The NOVABASE,SGPS price is 4.51 EUR. The price has increased by +1.35% since the last closing and was between 4.51 EUR and 4.51 EUR. This implies that the price is at 0% from its lowest and at 0% from its highest.

4.51

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NOVABASE,SGPS:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NOVABASE,SGPS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	3.84	3.99	4.39	4.51	4.52	4.63
Change (%)	-14.86%	-11.53%	-2.66%	-	+0.22%	+2.66%
Change	-0.67	-0.52	-0.12	-	+0.01	+0.12
Level	Minor	Minor	Major	-	Intermediate	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	4.45	4.45	4.45	4.45	4.45	4.45	4.45
Camarilla	4.45	4.45	4.45	4.45	4.45	4.45	4.45
Woodie	4.45	4.45	4.45	4.45	4.45	4.45	4.45
Fibonacci	4.45	4.45	4.45	4.45	4.45	4.45	4.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.35	4.39	4.44	4.48	4.53	4.57	4.62
Camarilla	4.48	4.48	4.49	4.50	4.51	4.52	4.53
Woodie	4.37	4.39	4.46	4.48	4.55	4.57	4.64
Fibonacci	4.39	4.42	4.44	4.48	4.51	4.53	4.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.12	4.21	4.34	4.43	4.56	4.65	4.78
Camarilla	4.41	4.43	4.45	4.47	4.49	4.51	4.53
Woodie	4.14	4.22	4.36	4.44	4.58	4.66	4.80
Fibonacci	4.21	4.29	4.35	4.43	4.51	4.57	4.65

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):	54.71
MACD (12,26,9):	0.0200
Directional Movement:	2.58
AROON (14):	-21.43
DEMA (21):	4.49
Parabolic SAR (0,02-0,02-0,2):	4.29
Elder Ray (13):	0.03
Super Trend (3,10):	4.63
Zig ZAG (10):	4.51
VORTEX (21):	0.8900
Stochastique (14,3,5):	78.79
TEMA (21):	4.50
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.07
Repulse (5,40,3):	0.1200
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	2.03

MA7:	4.49
MA20:	4.47
MA50:	4.44
MA100:	4.39
MAexp7:	4.49
MAexp20:	4.47
MAexp50:	4.43
MAexp100:	4.36
Price / MA7:	+0.45%
Price / MA20:	+0.89%
Price / MA50:	+1.58%
Price / MA100:	+2.73%
Price / MAexp7:	+0.45%
Price / MAexp20:	+0.89%
Price / MAexp50:	+1.81%
Price / MAexp100:	+3.44%

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 SGPS

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

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