ERAMET - 15 min. - Technical analysis published on 05/11/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 88.62 EUR
My targets
86.07 EUR (-0.27%)
84.48 EUR (-2.11%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ERAMET as long as the price remains well below 88.62 EUR. The sellers' bearish objective is set at 86.07 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 84.48 EUR. In case of crossing, the next objective would be the support located at 83.85 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1
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This analysis was given by paf333. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ERAMET rating 86.30 EUR. The price registered a decrease of -1.93% on the session with the lowest point at 86.05 EUR and the highest point at 88.20 EUR. The deviation from the price is +0.29% for the low point and -2.15% for the high point.86.05
88.20
86.30
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ERAMET:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this ERAMET chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 2
Type : Neutral
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 71.55 | 78.42 | 83.85 | 86.30 | 87.53 | 88.99 | 95.40 |
| Change (%) | -17.09% | -9.13% | -2.84% | - | +1.43% | +3.12% | +10.54% |
| Change | -14.75 | -7.88 | -2.45 | - | +1.23 | +2.69 | +9.10 |
| Level | Minor | Minor | Minor | - | 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 | 84.48 | 86.07 | 87.03 | 88.62 | 89.58 | 91.17 | 92.13 |
| Camarilla | 87.30 | 87.53 | 87.77 | 88.00 | 88.23 | 88.47 | 88.70 |
| Woodie | 84.18 | 85.91 | 86.73 | 88.46 | 89.28 | 91.01 | 91.83 |
| Fibonacci | 86.07 | 87.04 | 87.64 | 88.62 | 89.59 | 90.19 | 91.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.95 | 82.40 | 85.00 | 86.45 | 89.05 | 90.50 | 93.10 |
| Camarilla | 86.49 | 86.86 | 87.23 | 87.60 | 87.97 | 88.34 | 88.71 |
| Woodie | 81.53 | 82.69 | 85.58 | 86.74 | 89.63 | 90.79 | 93.68 |
| Fibonacci | 82.40 | 83.95 | 84.90 | 86.45 | 88.00 | 88.95 | 90.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.88 | 73.97 | 81.03 | 92.12 | 99.18 | 110.27 | 117.33 |
| Camarilla | 83.11 | 84.77 | 86.44 | 88.10 | 89.76 | 91.43 | 93.09 |
| Woodie | 60.88 | 72.96 | 79.03 | 91.11 | 97.18 | 109.26 | 115.33 |
| Fibonacci | 73.97 | 80.90 | 85.18 | 92.12 | 99.05 | 103.33 | 110.27 |
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): | 32.41 | |
| MACD (12,26,9): | -0.5000 | |
| Directional Movement: | -33.61 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 86.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 86.13 | |
| Elder Ray (13): | -0.49 | |
| Super Trend (3,10): | 87.31 | |
| Zig ZAG (10): | 86.20 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 14.29 | |
| TEMA (21): | 86.14 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -1.30 | |
| Repulse (5,40,3): | -0.6900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 2.66 |
| MA7: | 87.04 | |
| MA20: | 91.33 | |
| MA50: | 94.92 | |
| MA100: | 94.15 | |
| MAexp7: | 86.55 | |
| MAexp20: | 87.15 | |
| MAexp50: | 87.72 | |
| MAexp100: | 87.80 | |
| Price / MA7: | -0.85% | |
| Price / MA20: | -5.51% | |
| Price / MA50: | -9.08% | |
| Price / MA100: | -8.34% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.98% | |
| Price / MAexp50: | -1.62% | |
| Price / MAexp100: | -1.71% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on ERAMET. At the time of publication of this analysis, the latest news was as follows:
- Eramet accelerates its CSR commitment with the launch of the first audit within the Initiative for Responsible Mining Assurance system
- Eramet: Launch of a tender offer to repurchase its bonds due February 2024 and potential issuance of inaugural sustainability-linked bonds
- Eramet: Q1 2023 turnover of €775m
- Eramet: Purchase of own shares
- Eramet: Purchase of own shares
This member declared not having a position on this financial instrument or a related financial instrument.
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