NOVABASE,SGPS - Weekly - Technical analysis published on 08/27/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 4.63 EUR
My targets
4.78 EUR (0%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOVABASE,SGPS as long as the price remains well above 4.63 EUR. The buyers' bullish objective is set at 4.78 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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 4.78 EUR. The price is up +2.80% over 5 days and was traded between 4.65 EUR and 4.78 EUR over the period. The price is currently at +2.80% from its lowest point and 0% from its highest point.4.65
4.78
4.78
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this NOVABASE,SGPS chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed 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.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 3.62 | 3.99 | 4.63 | 4.78 |
| Change (%) | -24.27% | -16.53% | -3.14% | - |
| Change | -1.16 | -0.79 | -0.15 | - |
| Level | Major | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.58 | 4.62 | 4.70 | 4.74 | 4.82 | 4.86 | 4.94 |
| Camarilla | 4.75 | 4.76 | 4.77 | 4.78 | 4.79 | 4.80 | 4.81 |
| Woodie | 4.60 | 4.63 | 4.72 | 4.75 | 4.84 | 4.87 | 4.96 |
| Fibonacci | 4.62 | 4.67 | 4.69 | 4.74 | 4.79 | 4.81 | 4.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.53 | 4.58 | 4.61 | 4.66 | 4.69 | 4.74 | 4.77 |
| Camarilla | 4.63 | 4.64 | 4.64 | 4.65 | 4.66 | 4.67 | 4.67 |
| Woodie | 4.53 | 4.58 | 4.61 | 4.66 | 4.69 | 4.74 | 4.77 |
| Fibonacci | 4.58 | 4.61 | 4.63 | 4.66 | 4.69 | 4.71 | 4.74 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 72.31 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 5.94 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 4.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.19 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 4.21 | |
| Zig ZAG (10): | 4.78 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 87.27 | |
| TEMA (21): | 4.65 | |
| Williams %R (14): | -1.64 | |
| Chande Momentum Oscillator (20): | 0.38 | |
| Repulse (5,40,3): | 6.8400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3700 | |
| Courbe Coppock: | 10.48 |
| MA7: | 4.73 | |
| MA20: | 4.59 | |
| MA50: | 4.50 | |
| MA100: | 4.43 | |
| MAexp7: | 4.59 | |
| MAexp20: | 4.45 | |
| MAexp50: | 4.27 | |
| MAexp100: | 4.04 | |
| Price / MA7: | +1.06% | |
| Price / MA20: | +4.14% | |
| Price / MA50: | +6.22% | |
| Price / MA100: | +7.90% | |
| Price / MAexp7: | +4.14% | |
| Price / MAexp20: | +7.42% | |
| Price / MAexp50: | +11.94% | |
| Price / MAexp100: | +18.32% |
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.
About author
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