TITAN CEMENT - 1H - Technical analysis published on 02/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 24.00 EUR
My targets
25.27 EUR (+1.68%)
26.08 EUR (+4.96%)
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 24.00 EUR. The next resistance located at 25.27 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 26.08 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.
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
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TITAN CEMENT rating 24.85 EUR. On the day, this instrument gained +2.69% with the lowest point at 24.25 EUR and the highest point at 24.95 EUR. The deviation from the price is +2.47% for the low point and -0.40% for the high point.24.25
24.95
24.85
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TITAN CEMENT:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TITAN CEMENT indicates that the overall trend is strongly bullish. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 21.85 | 22.50 | 24.00 | 24.85 |
| Change (%) | -12.07% | -9.46% | -3.42% | - |
| Change | -3.00 | -2.35 | -0.85 | - |
| Level | Major | Intermediate | Minor | - |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 23.72 | 23.98 | 24.42 | 24.68 | 25.12 | 25.38 | 25.82 |
| Camarilla | 24.66 | 24.72 | 24.79 | 24.85 | 24.91 | 24.98 | 25.04 |
| Woodie | 23.80 | 24.03 | 24.50 | 24.73 | 25.20 | 25.43 | 25.90 |
| Fibonacci | 23.98 | 24.25 | 24.42 | 24.68 | 24.95 | 25.12 | 25.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.73 | 22.37 | 23.18 | 23.82 | 24.63 | 25.27 | 26.08 |
| Camarilla | 23.60 | 23.73 | 23.87 | 24.00 | 24.13 | 24.27 | 24.40 |
| Woodie | 21.83 | 22.41 | 23.28 | 23.86 | 24.73 | 25.31 | 26.18 |
| Fibonacci | 22.37 | 22.92 | 23.26 | 23.82 | 24.37 | 24.71 | 25.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.78 | 19.82 | 21.73 | 22.77 | 24.68 | 25.72 | 27.63 |
| Camarilla | 22.84 | 23.11 | 23.38 | 23.65 | 23.92 | 24.19 | 24.46 |
| Woodie | 19.23 | 20.04 | 22.18 | 22.99 | 25.13 | 25.94 | 28.08 |
| Fibonacci | 19.82 | 20.94 | 21.64 | 22.77 | 23.89 | 24.59 | 25.72 |
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): | 66.54 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 16.12 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 24.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.32 | |
| Elder Ray (13): | 0.21 | |
| Super Trend (3,10): | 24.45 | |
| Zig ZAG (10): | 24.85 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 24.73 | |
| Williams %R (14): | -12.50 | |
| Chande Momentum Oscillator (20): | 0.65 | |
| Repulse (5,40,3): | 1.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 4.02 |
| MA7: | 23.93 | |
| MA20: | 22.91 | |
| MA50: | 21.63 | |
| MA100: | 19.56 | |
| MAexp7: | 24.67 | |
| MAexp20: | 24.43 | |
| MAexp50: | 24.06 | |
| MAexp100: | 23.56 | |
| Price / MA7: | +3.84% | |
| Price / MA20: | +8.47% | |
| Price / MA50: | +14.89% | |
| Price / MA100: | +27.04% | |
| Price / MAexp7: | +0.73% | |
| Price / MAexp20: | +1.72% | |
| Price / MAexp50: | +3.28% | |
| Price / MAexp100: | +5.48% |
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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