ERAMET - 1H - Technical analysis published on 05/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 87.53 EUR
My targets
89.05 EUR (+0.51%)
92.57 EUR (+4.48%)
My analysis
ERAMET 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 87.53 EUR. The next resistance located at 89.05 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 92.57 EUR. After this resistance, buyers could then target 97.05 EUR. 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
6.8
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This analysis was given by paf333. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ERAMET price is 88.60 EUR. On the day, this instrument gained +0.63% and was traded between 87.75 EUR and 89.45 EUR over the period. The price is currently at +0.97% from its lowest and -0.95% from its highest.87.75
89.45
88.60
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ERAMET in 1H shows a strongly overall bullish trend. 89.29% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 78.42 | 84.98 | 87.53 | 88.60 | 89.05 | 97.05 | 98.75 |
| Change (%) | -11.49% | -4.09% | -1.21% | - | +0.51% | +9.54% | +11.46% |
| Change | -10.18 | -3.62 | -1.07 | - | +0.45 | +8.45 | +10.15 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Minor |
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 | 84.98 | 85.92 | 86.98 | 87.92 | 88.98 | 89.92 | 90.98 |
| Camarilla | 87.50 | 87.68 | 87.87 | 88.05 | 88.23 | 88.42 | 88.60 |
| Woodie | 85.05 | 85.95 | 87.05 | 87.95 | 89.05 | 89.95 | 91.05 |
| Fibonacci | 85.92 | 86.68 | 87.15 | 87.92 | 88.68 | 89.15 | 89.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.18 | 82.07 | 84.43 | 87.32 | 89.68 | 92.57 | 94.93 |
| Camarilla | 85.36 | 85.84 | 86.32 | 86.80 | 87.28 | 87.76 | 88.24 |
| Woodie | 78.93 | 81.94 | 84.18 | 87.19 | 89.43 | 92.44 | 94.68 |
| Fibonacci | 82.07 | 84.07 | 85.31 | 87.32 | 89.32 | 90.56 | 92.57 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.52 | |
| MACD (12,26,9): | 0.3200 | |
| Directional Movement: | 8.85 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 88.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.58 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 86.94 | |
| Zig ZAG (10): | 88.50 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 66.60 | |
| TEMA (21): | 88.90 | |
| Williams %R (14): | -46.34 | |
| Chande Momentum Oscillator (20): | 0.65 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.91 |
| MA7: | 87.74 | |
| MA20: | 89.11 | |
| MA50: | 93.29 | |
| MA100: | 94.36 | |
| MAexp7: | 88.65 | |
| MAexp20: | 88.34 | |
| MAexp50: | 87.92 | |
| MAexp100: | 88.09 | |
| Price / MA7: | +0.98% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -5.03% | |
| Price / MA100: | -6.10% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.77% | |
| Price / MAexp100: | +0.58% |
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:
- 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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