NOVABASE,SGPS - Weekly - Technical analysis published on 09/03/2023 (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
67%
6%
28%
My opinion
Bullish above 3.99 EUR
My targets
4.88 EUR (+4.95%)
5.25 EUR (+12.90%)
My analysis
NOVABASE,SGPS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.99 EUR. The next resistance located at 4.88 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.25 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
7.9
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This analysis was given by Tezouro. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOVABASE,SGPS rating 4.65 EUR. Over 5 days, this instrument lost -2.72% and was traded between 4.65 EUR and 4.74 EUR over the period. The price is currently at 0% from its lowest point and -1.90% from its highest point.4.65
4.74
4.65
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NOVABASE,SGPS in Weekly shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Weekly
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 3.62 | 3.99 | 4.63 | 4.65 |
| Change (%) | -22.15% | -14.19% | -0.43% | - |
| Change | -1.03 | -0.66 | -0.02 | - |
| Level | Major | Minor | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.53 | 4.59 | 4.62 | 4.68 | 4.71 | 4.77 | 4.80 |
| Camarilla | 4.63 | 4.63 | 4.64 | 4.65 | 4.66 | 4.67 | 4.68 |
| Woodie | 4.52 | 4.58 | 4.61 | 4.67 | 4.70 | 4.76 | 4.79 |
| Fibonacci | 4.59 | 4.62 | 4.65 | 4.68 | 4.71 | 4.74 | 4.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.50 | 4.56 | 4.67 | 4.73 | 4.84 | 4.90 | 5.01 |
| Camarilla | 4.73 | 4.75 | 4.76 | 4.78 | 4.80 | 4.81 | 4.83 |
| Woodie | 4.53 | 4.57 | 4.70 | 4.74 | 4.87 | 4.91 | 5.04 |
| Fibonacci | 4.56 | 4.63 | 4.67 | 4.73 | 4.80 | 4.84 | 4.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.14 | 4.28 | 4.51 | 4.65 | 4.88 | 5.02 | 5.25 |
| Camarilla | 4.64 | 4.67 | 4.71 | 4.74 | 4.77 | 4.81 | 4.84 |
| Woodie | 4.19 | 4.30 | 4.56 | 4.67 | 4.93 | 5.04 | 5.30 |
| Fibonacci | 4.28 | 4.42 | 4.51 | 4.65 | 4.79 | 4.88 | 5.02 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 62.90 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 5.61 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 4.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.21 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 4.22 | |
| Zig ZAG (10): | 4.65 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 88.60 | |
| TEMA (21): | 4.67 | |
| Williams %R (14): | -22.95 | |
| Chande Momentum Oscillator (20): | 0.16 | |
| Repulse (5,40,3): | 1.6900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3800 | |
| Courbe Coppock: | 11.07 |
| MA7: | 4.74 | |
| MA20: | 4.65 | |
| MA50: | 4.52 | |
| MA100: | 4.44 | |
| MAexp7: | 4.60 | |
| MAexp20: | 4.47 | |
| MAexp50: | 4.29 | |
| MAexp100: | 4.05 | |
| Price / MA7: | -1.90% | |
| Price / MA20: | -0% | |
| Price / MA50: | +2.88% | |
| Price / MA100: | +4.73% | |
| Price / MAexp7: | +1.09% | |
| Price / MAexp20: | +4.03% | |
| Price / MAexp50: | +8.39% | |
| Price / MAexp100: | +14.81% |
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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