ERAMET - 15 min. - Technical analysis published on 05/22/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 91.42 EUR
My targets
89.32 EUR (-0.76%)
88.23 EUR (-1.96%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 91.42 EUR remains possible. It is advisable to trade ERAMET with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 91.42 EUR. The next bearish objective for sellers is set at 89.32 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 88.23 EUR. In case of crossing, the next objective would be the support located at 87.53 EUR. PS: if there is a bullish break in the resistance located at 91.42 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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Additional analysis
Quotes
ERAMET rating 90.00 EUR. The price is lower by -1.48% since the last closing and was traded between 89.00 EUR and 90.80 EUR over the period. The price is currently at +1.12% from its lowest and -0.88% from its highest.89.00
90.80
90.00
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this ERAMET chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 78.42 | 84.98 | 87.53 | 90.00 | 90.23 | 92.52 | 97.05 |
| Change (%) | -12.87% | -5.58% | -2.74% | - | +0.26% | +2.80% | +7.83% |
| Change | -11.58 | -5.02 | -2.47 | - | +0.23 | +2.52 | +7.05 |
| Level | Minor | Intermediate | Major | - | Intermediate | 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 | 88.23 | 89.32 | 90.33 | 91.42 | 92.43 | 93.52 | 94.53 |
| Camarilla | 90.77 | 90.97 | 91.16 | 91.35 | 91.54 | 91.74 | 91.93 |
| Woodie | 88.20 | 89.30 | 90.30 | 91.40 | 92.40 | 93.50 | 94.50 |
| Fibonacci | 89.32 | 90.12 | 90.61 | 91.42 | 92.22 | 92.71 | 93.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.32 | 84.58 | 87.97 | 90.23 | 93.62 | 95.88 | 99.27 |
| Camarilla | 89.80 | 90.31 | 90.83 | 91.35 | 91.87 | 92.39 | 92.90 |
| Woodie | 82.88 | 84.86 | 88.53 | 90.51 | 94.18 | 96.16 | 99.83 |
| Fibonacci | 84.58 | 86.74 | 88.08 | 90.23 | 92.39 | 93.73 | 95.88 |
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): | 44.26 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -1.58 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 89.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.26 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 90.55 | |
| Zig ZAG (10): | 90.00 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 54.76 | |
| TEMA (21): | 89.84 | |
| Williams %R (14): | -35.71 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.37 |
| MA7: | 89.03 | |
| MA20: | 88.08 | |
| MA50: | 92.42 | |
| MA100: | 94.54 | |
| MAexp7: | 89.98 | |
| MAexp20: | 90.07 | |
| MAexp50: | 90.38 | |
| MAexp100: | 90.17 | |
| Price / MA7: | +1.09% | |
| Price / MA20: | +2.18% | |
| Price / MA50: | -2.62% | |
| Price / MA100: | -4.80% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.19% |
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: 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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