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TITAN CEMENT
TITAN CEMENT
- EUR (-)
- 15 min delayed data - Euronext Bruxelles
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: TITC
ISIN: BE0974338700

TITAN CEMENT - 1H - Technical analysis published on 10/24/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 16.90 EUR
My targets
17.14 EUR (+0.59%)
17.30 EUR (+1.53%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TITAN CEMENT as long as the price remains well above 16.90 EUR. The buyers' bullish objective is set at 17.14 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 17.30 EUR. If there is any crossing, the next objective would be the resistance located at 17.53 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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
7.9

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.

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Daily Weekly

Additional analysis

Quotes

The TITAN CEMENT rating is 17.04 EUR. The price registered an increase of +3.27% on the session and was between 16.44 EUR and 17.04 EUR. This implies that the price is at +3.65% from its lowest and at 0% from its highest.

16.44
17.04
17.04

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this TITAN CEMENT 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. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 16.42 16.57 16.90 17.04 17.14 17.30 17.53
Change (%) -3.64% -2.76% -0.82% - +0.59% +1.53% +2.88%
Change -0.62 -0.47 -0.14 - +0.10 +0.26 +0.49
Level Intermediate Intermediate Intermediate - Minor Intermediate Intermediate



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
Standard16.0416.2416.6416.8417.2417.4417.84
Camarilla16.8816.9316.9917.0417.1017.1517.21
Woodie16.1416.2916.7416.8917.3417.4917.94
Fibonacci16.2416.4716.6116.8417.0717.2117.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.0416.2416.6416.8417.2417.4417.84
Camarilla16.8816.9316.9917.0417.1017.1517.21
Woodie16.1416.2916.7416.8917.3417.4917.94
Fibonacci16.2416.4716.6116.8417.0717.2117.44


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.4915.3916.3117.2118.1319.0319.95
Camarilla16.7216.8917.0517.2217.3917.5517.72
Woodie14.4915.4016.3117.2218.1319.0419.95
Fibonacci15.3916.0916.5217.2117.9118.3419.03

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): 65.79
MACD (12,26,9): 0.0500
Directional Movement: 9.75
AROON (14): 57.14
DEMA (21): 16.75
Parabolic SAR (0,02-0,02-0,2): 16.45
Elder Ray (13): 0.26
Super Trend (3,10): 16.61
Zig ZAG (10): 17.04
VORTEX (21): 1.0100
Stochastique (14,3,5): 93.64
TEMA (21): 16.80
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.44
Repulse (5,40,3): 2.1900
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 1.38
MA7: 16.68
MA20: 16.64
MA50: 17.22
MA100: 17.39
MAexp7: 16.80
MAexp20: 16.70
MAexp50: 16.68
MAexp100: 16.69
Price / MA7: +2.16%
Price / MA20: +2.40%
Price / MA50: -1.05%
Price / MA100: -2.01%
Price / MAexp7: +1.43%
Price / MAexp20: +2.04%
Price / MAexp50: +2.16%
Price / MAexp100: +2.10%

Quotes : - 15 min delayed data - Euronext Bruxelles

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

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