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 - Daily - Technical analysis published on 11/01/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 17.14 EUR

My targets

18.18 EUR (+1.68%)

18.80 EUR (+5.15%)

My analysis

TITAN CEMENT 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 17.14 EUR. The next resistance located at 18.18 EUR is the next bullish target 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 18.80 EUR. After this resistance, buyers could then target 19.34 EUR.

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

7.1

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.

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Additional analysis

Quotes

The TITAN CEMENT rating is 17.88 EUR. On the day, this instrument gained +6.05% with the lowest point at 16.86 EUR and the highest point at 17.88 EUR. The deviation from the price is +6.05% for the low point and 0% for the high point.

16.86

17.88

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of TITAN CEMENT indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.82	16.57	17.14	17.88	18.18	18.80	19.34
Change (%)	-11.52%	-7.33%	-4.14%	-	+1.68%	+5.15%	+8.17%
Change	-2.06	-1.31	-0.74	-	+0.30	+0.92	+1.46
Level	Intermediate	Intermediate	Intermediate	-	Minor	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	16.18	16.52	17.20	17.54	18.22	18.56	19.24
Camarilla	17.60	17.69	17.79	17.88	17.97	18.07	18.16
Woodie	16.35	16.61	17.37	17.63	18.39	18.65	19.41
Fibonacci	16.52	16.91	17.15	17.54	17.93	18.17	18.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.73	16.09	16.45	16.81	17.17	17.53	17.89
Camarilla	16.62	16.69	16.75	16.82	16.89	16.95	17.02
Woodie	15.74	16.09	16.46	16.81	17.18	17.53	17.90
Fibonacci	16.09	16.36	16.53	16.81	17.08	17.25	17.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.49	15.39	16.31	17.21	18.13	19.03	19.95
Camarilla	16.72	16.89	17.05	17.22	17.39	17.55	17.72
Woodie	14.49	15.40	16.31	17.22	18.13	19.04	19.95
Fibonacci	15.39	16.09	16.52	17.21	17.91	18.34	19.03

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):	62.95
MACD (12,26,9):	0.0500
Directional Movement:	17.87
AROON (14):	100.00
DEMA (21):	16.89
Parabolic SAR (0,02-0,02-0,2):	16.16
Elder Ray (13):	0.43
Super Trend (3,10):	16.05
Zig ZAG (10):	17.88
VORTEX (21):	0.9600
Stochastique (14,3,5):	76.90
TEMA (21):	17.12
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	1.38
Repulse (5,40,3):	8.5300
ROCnROLL:	1
TRIX (15,9):	-0.0700
Courbe Coppock:	6.75

MA7:	17.05
MA20:	16.71
MA50:	17.11
MA100:	17.45
MAexp7:	17.09
MAexp20:	16.90
MAexp50:	17.04
MAexp100:	16.88
Price / MA7:	+4.87%
Price / MA20:	+7.00%
Price / MA50:	+4.50%
Price / MA100:	+2.46%
Price / MAexp7:	+4.62%
Price / MAexp20:	+5.80%
Price / MAexp50:	+4.93%
Price / MAexp100:	+5.92%

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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