ERAMET

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ERA
ISIN:	FR0000131757

ERAMET - Daily - Technical analysis published on 11/23/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

56%

11%

33%

My opinion

Bullish above 74.20 EUR

My targets

82.13 EUR (+7.36%)

87.53 EUR (+14.42%)

My analysis

The strong short-term increase in ERAMET calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 74.20 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 82.13 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 87.53 EUR as an objective. Crossing it would then enable buyers to target 107.40 EUR. Caution, a return under 74.20 EUR could jeopardize the reversal.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

1.8

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 ERAMET rating is 76.50 EUR. On the day, this instrument gained +2.82% with the lowest point at 74.85 EUR and the highest point at 76.65 EUR. The deviation from the price is +2.20% for the low point and -0.20% for the high point.

74.85

76.65

76.50

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

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

Technical

Technical analysis of ERAMET in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

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	48.97	61.79	74.20	76.50	87.53	107.40	144.77
Change (%)	-35.99%	-19.23%	-3.01%	-	+14.42%	+40.39%	+89.24%
Change	-27.53	-14.71	-2.30	-	+11.03	+30.90	+68.27
Level	Minor	Major	Intermediate	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.48	70.07	72.23	73.82	75.98	77.57	79.73
Camarilla	73.37	73.71	74.06	74.40	74.74	75.09	75.43
Woodie	68.78	70.21	72.53	73.96	76.28	77.71	80.03
Fibonacci	70.07	71.50	72.38	73.82	75.25	76.13	77.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.37	67.33	70.67	76.63	79.97	85.93	89.27
Camarilla	71.44	72.30	73.15	74.00	74.85	75.71	76.56
Woodie	60.05	66.68	69.35	75.98	78.65	85.28	87.95
Fibonacci	67.33	70.89	73.08	76.63	80.19	82.38	85.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.03	44.82	55.58	71.37	82.13	97.92	108.68
Camarilla	59.05	61.48	63.92	66.35	68.78	71.22	73.65
Woodie	26.53	43.56	53.08	70.11	79.63	96.66	106.18
Fibonacci	44.82	54.96	61.23	71.37	81.51	87.78	97.92

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):	54.42
MACD (12,26,9):	0.9600
Directional Movement:	6.89
AROON (14):	57.14
DEMA (21):	74.90
Parabolic SAR (0,02-0,02-0,2):	81.54
Elder Ray (13):	1.09
Super Trend (3,10):	69.79
Zig ZAG (10):	76.25
VORTEX (21):	1.1100
Stochastique (14,3,5):	46.83
TEMA (21):	77.37
Williams %R (14):	-46.95
Chande Momentum Oscillator (20):	0.70
Repulse (5,40,3):	2.3700
ROCnROLL:	-1
TRIX (15,9):	0.1900
Courbe Coppock:	18.24

MA7:	75.86
MA20:	73.45
MA50:	73.70
MA100:	83.60
MAexp7:	75.18
MAexp20:	73.95
MAexp50:	75.99
MAexp100:	83.10
Price / MA7:	+0.84%
Price / MA20:	+4.15%
Price / MA50:	+3.80%
Price / MA100:	-8.49%
Price / MAexp7:	+1.76%
Price / MAexp20:	+3.45%
Price / MAexp50:	+0.67%
Price / MAexp100:	-7.94%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on ERAMET 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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