PRIM

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	PRM
ISIN:	ES0170884417

PRIM - Daily - Technical analysis published on 08/28/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 11.62 EUR

My targets

12.75 EUR (+5.81%)

14.11 EUR (+17.10%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PRIM as long as the price remains well above 11.62 EUR. The buyers' bullish objective is set at 12.75 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14.11 EUR. If there is any crossing, the next objective would be the resistance located at 14.86 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.9

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

PRIM rating 12.05 EUR. The price has increased by +3.43% since the last closing and was traded between 11.75 EUR and 12.05 EUR over the period. The price is currently at +2.55% from its lowest and 0% from its highest.

11.75

12.05

Here is a more detailed summary of the historical variations registered by PRIM:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of PRIM indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.75	11.22	11.62	12.05	12.75	14.11	14.86
Change (%)	-10.79%	-6.89%	-3.57%	-	+5.81%	+17.10%	+23.32%
Change	-1.30	-0.83	-0.43	-	+0.70	+2.06	+2.81
Level	Intermediate	Major	Minor	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.35	11.45	11.55	11.65	11.75	11.85	11.95
Camarilla	11.60	11.61	11.63	11.65	11.67	11.69	11.71
Woodie	11.35	11.45	11.55	11.65	11.75	11.85	11.95
Fibonacci	11.45	11.53	11.57	11.65	11.73	11.77	11.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.60	10.85	11.25	11.50	11.90	12.15	12.55
Camarilla	11.47	11.53	11.59	11.65	11.71	11.77	11.83
Woodie	10.68	10.89	11.33	11.54	11.98	12.19	12.63
Fibonacci	10.85	11.10	11.25	11.50	11.75	11.90	12.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.07	10.33	10.67	10.93	11.27	11.53	11.87
Camarilla	10.84	10.89	10.95	11.00	11.06	11.11	11.17
Woodie	10.10	10.35	10.70	10.95	11.30	11.55	11.90
Fibonacci	10.33	10.56	10.70	10.93	11.16	11.30	11.53

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):	69.85
MACD (12,26,9):	0.1300
Directional Movement:	12.21
AROON (14):	100.00
DEMA (21):	11.33
Parabolic SAR (0,02-0,02-0,2):	11.05
Elder Ray (13):	0.49
Super Trend (3,10):	10.94
Zig ZAG (10):	12.05
VORTEX (21):	1.1700
Stochastique (14,3,5):	94.97
TEMA (21):	11.43
Williams %R (14):	-9.52
Chande Momentum Oscillator (20):	0.60
Repulse (5,40,3):	4.1600
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	6.85

MA7:	11.41
MA20:	11.14
MA50:	11.00
MA100:	10.84
MAexp7:	11.54
MAexp20:	11.18
MAexp50:	11.04
MAexp100:	10.97
Price / MA7:	+5.61%
Price / MA20:	+8.17%
Price / MA50:	+9.55%
Price / MA100:	+11.16%
Price / MAexp7:	+4.42%
Price / MAexp20:	+7.78%
Price / MAexp50:	+9.15%
Price / MAexp100:	+9.85%

Quotes : - 15 min delayed data - Spain Stocks

News

The latest news and videos published on PRIM at the time of the analysis were as follows:

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

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Londinia AI

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