TITAN CEMENT - Daily - Technical analysis published on 02/21/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 24.68 EUR
My targets
27.63 EUR (+7.10%)
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 24.68 EUR. The next resistance located at 27.63 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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
8.4
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Additional analysis
Quotes
TITAN CEMENT rating 25.80 EUR. The price has increased by +2.58% since the last closing with the lowest point at 25.10 EUR and the highest point at 26.00 EUR. The deviation from the price is +2.79% for the low point and -0.77% for the high point.25.10
26.00
25.80
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 TITAN CEMENT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 19.34 | 21.70 | 25.45 | 25.80 |
| Change (%) | -25.04% | -15.89% | -1.36% | - |
| Change | -6.46 | -4.10 | -0.35 | - |
| Level | Major | Minor | Major | - |
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 | 24.37 | 24.73 | 25.27 | 25.63 | 26.17 | 26.53 | 27.07 |
| Camarilla | 25.55 | 25.64 | 25.72 | 25.80 | 25.88 | 25.97 | 26.05 |
| Woodie | 24.45 | 24.78 | 25.35 | 25.68 | 26.25 | 26.58 | 27.15 |
| Fibonacci | 24.73 | 25.08 | 25.29 | 25.63 | 25.98 | 26.19 | 26.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.37 | 23.93 | 24.47 | 25.03 | 25.57 | 26.13 | 26.67 |
| Camarilla | 24.70 | 24.80 | 24.90 | 25.00 | 25.10 | 25.20 | 25.30 |
| Woodie | 23.35 | 23.93 | 24.45 | 25.03 | 25.55 | 26.13 | 26.65 |
| Fibonacci | 23.93 | 24.35 | 24.61 | 25.03 | 25.45 | 25.71 | 26.13 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 73.09 | |
| MACD (12,26,9): | 0.8100 | |
| Directional Movement: | 32.10 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 25.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.50 | |
| Elder Ray (13): | 0.79 | |
| Super Trend (3,10): | 23.93 | |
| Zig ZAG (10): | 25.80 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 80.56 | |
| TEMA (21): | 25.54 | |
| Williams %R (14): | -8.33 | |
| Chande Momentum Oscillator (20): | 1.80 | |
| Repulse (5,40,3): | 3.8100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5200 | |
| Courbe Coppock: | 14.31 |
| MA7: | 25.01 | |
| MA20: | 24.37 | |
| MA50: | 22.71 | |
| MA100: | 20.39 | |
| MAexp7: | 25.10 | |
| MAexp20: | 24.35 | |
| MAexp50: | 22.85 | |
| MAexp100: | 21.19 | |
| Price / MA7: | +3.16% | |
| Price / MA20: | +5.87% | |
| Price / MA50: | +13.61% | |
| Price / MA100: | +26.53% | |
| Price / MAexp7: | +2.79% | |
| Price / MAexp20: | +5.95% | |
| Price / MAexp50: | +12.91% | |
| Price / MAexp100: | +21.76% |
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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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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