ERAMET - 1H - Technical analysis published on 05/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 90.25 EUR
My targets
92.70 EUR (+1.37%)
97.05 EUR (+6.12%)
My analysis
The bullish trend is currently very strong on ERAMET. As long as the price remains above the support at 90.25 EUR, you could try to benefit from the boom. The first bullish objective is located at 92.70 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 97.05 EUR as an objective. Crossing it would then enable buyers to target 98.75 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
0
10
9.1
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Additional analysis
Quotes
The ERAMET rating is 91.45 EUR. The price has increased by +2.01% since the last closing and was traded between 90.40 EUR and 91.75 EUR over the period. The price is currently at +1.16% from its lowest and -0.33% from its highest.90.40
91.75
91.45
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ERAMET in 1H shows a strongly overall bullish trend. 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
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
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 | 84.98 | 87.53 | 90.25 | 91.45 | 92.70 | 97.05 | 98.75 |
| Change (%) | -7.07% | -4.29% | -1.31% | - | +1.37% | +6.12% | +7.98% |
| Change | -6.47 | -3.92 | -1.20 | - | +1.25 | +5.60 | +7.30 |
| Level | Minor | Major | Major | - | Minor | Minor | 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 | 86.87 | 87.68 | 88.67 | 89.48 | 90.47 | 91.28 | 92.27 |
| Camarilla | 89.16 | 89.32 | 89.49 | 89.65 | 89.82 | 89.98 | 90.15 |
| Woodie | 86.95 | 87.73 | 88.75 | 89.53 | 90.55 | 91.33 | 92.35 |
| Fibonacci | 87.68 | 88.37 | 88.80 | 89.48 | 90.17 | 90.60 | 91.28 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.69 | |
| MACD (12,26,9): | 0.6600 | |
| Directional Movement: | 26.04 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 90.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.56 | |
| Elder Ray (13): | 1.70 | |
| Super Trend (3,10): | 89.44 | |
| Zig ZAG (10): | 91.45 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 84.97 | |
| TEMA (21): | 90.63 | |
| Williams %R (14): | -7.35 | |
| Chande Momentum Oscillator (20): | 2.45 | |
| Repulse (5,40,3): | 1.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 3.30 |
| MA7: | 88.44 | |
| MA20: | 88.29 | |
| MA50: | 92.71 | |
| MA100: | 94.50 | |
| MAexp7: | 90.42 | |
| MAexp20: | 89.54 | |
| MAexp50: | 88.71 | |
| MAexp100: | 88.52 | |
| Price / MA7: | +3.40% | |
| Price / MA20: | +3.58% | |
| Price / MA50: | -1.36% | |
| Price / MA100: | -3.23% | |
| Price / MAexp7: | +1.14% | |
| Price / MAexp20: | +2.13% | |
| Price / MAexp50: | +3.09% | |
| Price / MAexp100: | +3.31% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on ERAMET at the time of the generation of this analysis was as follows:
- Eramet: Results of the tender offer to repurchase its bonds due February 2024
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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