URBAS - 1H - Technical analysis published on 10/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.0061 EUR
My targets
0.0069 EUR (+9.05%)
0.0072 EUR (+14.76%)
My analysis
The basic bullish trend is very strong on URBAS but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.0061 EUR. Crossing the first resistance at 0.0069 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.0072 EUR as an objective. Crossing it would then enable buyers to target 0.0082 EUR. Caution, a return to below 0.0061 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
URBAS rating 0.0063 EUR. The price registered an increase of +12.50% on the session and was traded between 0.0060 EUR and 0.0066 EUR over the period. The price is currently at +5.00% from its lowest and -4.55% from its highest.0.0060
0.0066
0.0063
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 URBAS:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of URBAS indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.0051 | 0.0057 | 0.0061 | 0.0063 | 0.0082 | 0.0102 | 0.0113 |
| Change (%) | -19.05% | -9.52% | -3.17% | - | +30.16% | +61.90% | +79.37% |
| Change | -0.0012 | -0.0006 | -0.0002 | - | +0.0019 | +0.0039 | +0.0050 |
| Level | Minor | Minor | Major | - | Minor | Major | 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 | 0.0046 | 0.0051 | 0.0053 | 0.0058 | 0.0060 | 0.0065 | 0.0067 |
| Camarilla | 0.0054 | 0.0055 | 0.0055 | 0.0056 | 0.0057 | 0.0057 | 0.0058 |
| Woodie | 0.0046 | 0.0050 | 0.0053 | 0.0057 | 0.0060 | 0.0064 | 0.0067 |
| Fibonacci | 0.0051 | 0.0053 | 0.0055 | 0.0058 | 0.0060 | 0.0062 | 0.0065 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0042 | 0.0049 | 0.0052 | 0.0059 | 0.0062 | 0.0069 | 0.0072 |
| Camarilla | 0.0053 | 0.0054 | 0.0055 | 0.0056 | 0.0057 | 0.0058 | 0.0059 |
| Woodie | 0.0041 | 0.0048 | 0.0051 | 0.0058 | 0.0061 | 0.0068 | 0.0071 |
| Fibonacci | 0.0049 | 0.0053 | 0.0055 | 0.0059 | 0.0063 | 0.0065 | 0.0069 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0012 | 0.0025 | 0.0040 | 0.0053 | 0.0068 | 0.0081 | 0.0096 |
| Camarilla | 0.0048 | 0.0051 | 0.0053 | 0.0056 | 0.0059 | 0.0061 | 0.0064 |
| Woodie | 0.0014 | 0.0026 | 0.0042 | 0.0054 | 0.0070 | 0.0082 | 0.0098 |
| Fibonacci | 0.0025 | 0.0035 | 0.0042 | 0.0053 | 0.0063 | 0.0070 | 0.0081 |
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): | 58.62 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 13.2277 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 0.0060 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0055 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 0.0056 | |
| Zig ZAG (10): | 0.0063 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 81.82 | |
| TEMA (21): | 0.0060 | |
| Williams %R (14): | -27.27 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 2.7456 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0388 | |
| Courbe Coppock: | 5.25 |
| MA7: | 0.0060 | |
| MA20: | 0.0049 | |
| MA50: | 0.0045 | |
| MA100: | 0.0051 | |
| MAexp7: | 0.0061 | |
| MAexp20: | 0.0060 | |
| MAexp50: | 0.0059 | |
| MAexp100: | 0.0055 | |
| Price / MA7: | +5.00% | |
| Price / MA20: | +28.57% | |
| Price / MA50: | +40.00% | |
| Price / MA100: | +23.53% | |
| Price / MAexp7: | +3.28% | |
| Price / MAexp20: | +5.00% | |
| Price / MAexp50: | +6.78% | |
| Price / MAexp100: | +14.55% |
Quotes :
-
15 min delayed data
-
Spain Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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