CTAC - Daily - Technical analysis published on 03/11/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 3.50 EUR
My targets
3.68 EUR (+3.37%)
3.80 EUR (+6.74%)
My analysis
The basic bullish trend is very strong on CTAC but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 3.50 EUR. Crossing the first resistance at 3.68 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 3.80 EUR as an objective. Crossing it would then enable buyers to target 3.90 EUR. Caution, a return to below 3.50 EUR would be a sign of a consolidation phase in the short-term basic trend. 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
0
10
7.1
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Additional analysis
Quotes
CTAC rating 3.56 EUR. On the day, this instrument gained +2.89% and was traded between 3.48 EUR and 3.56 EUR over the period. The price is currently at +2.30% from its lowest and 0% from its highest.3.48
3.56
3.56
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CTAC:
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 Daily of this CTAC chart shows a strongly bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.44 | 3.50 | 3.55 | 3.56 | 3.68 | 3.80 | 3.90 |
| Change (%) | -3.37% | -1.69% | -0.28% | - | +3.37% | +6.74% | +9.55% |
| Change | -0.12 | -0.06 | -0.01 | - | +0.12 | +0.24 | +0.34 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.33 | 3.39 | 3.43 | 3.49 | 3.53 | 3.59 | 3.63 |
| Camarilla | 3.43 | 3.44 | 3.45 | 3.46 | 3.47 | 3.48 | 3.49 |
| Woodie | 3.31 | 3.39 | 3.41 | 3.49 | 3.51 | 3.59 | 3.61 |
| Fibonacci | 3.39 | 3.43 | 3.46 | 3.49 | 3.53 | 3.56 | 3.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.33 | 3.39 | 3.43 | 3.49 | 3.53 | 3.59 | 3.63 |
| Camarilla | 3.43 | 3.44 | 3.45 | 3.46 | 3.47 | 3.48 | 3.49 |
| Woodie | 3.31 | 3.39 | 3.41 | 3.49 | 3.51 | 3.59 | 3.61 |
| Fibonacci | 3.39 | 3.43 | 3.46 | 3.49 | 3.53 | 3.56 | 3.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.88 | 3.02 | 3.28 | 3.42 | 3.68 | 3.82 | 4.08 |
| Camarilla | 3.43 | 3.47 | 3.50 | 3.54 | 3.58 | 3.61 | 3.65 |
| Woodie | 2.94 | 3.05 | 3.34 | 3.45 | 3.74 | 3.85 | 4.14 |
| Fibonacci | 3.02 | 3.17 | 3.27 | 3.42 | 3.57 | 3.67 | 3.82 |
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): | 54.11 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -7.62 | |
| AROON (14): | 7.15 | |
| DEMA (21): | 3.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.34 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 3.61 | |
| Zig ZAG (10): | 3.50 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 3.52 | |
| Williams %R (14): | -18.75 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | 1.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 9.08 |
| MA7: | 3.51 | |
| MA20: | 3.43 | |
| MA50: | 3.43 | |
| MA100: | 3.41 | |
| MAexp7: | 3.50 | |
| MAexp20: | 3.46 | |
| MAexp50: | 3.43 | |
| MAexp100: | 3.45 | |
| Price / MA7: | +1.42% | |
| Price / MA20: | +3.79% | |
| Price / MA50: | +3.79% | |
| Price / MA100: | +4.40% | |
| Price / MAexp7: | +1.71% | |
| Price / MAexp20: | +2.89% | |
| Price / MAexp50: | +3.79% | |
| Price / MAexp100: | +3.19% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The last news published on CTAC at the time of the generation of this analysis was as follows:
- IoT Leader KORE Announces Effectiveness of S-4 Registration Statement For Proposed Combination With Cerberus-backed CTAC
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates the Following Companies - SCPE, SPNV, FTCV, CTAC, ITAC
- SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Cerberus Telecom Acquisition Corp. - CTAC
-
Ctac
This 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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