ERAMET - 1H - Technical analysis published on 05/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 88.99 EUR
My targets
87.53 EUR (-0.65%)
84.95 EUR (-3.58%)
My analysis
ERAMET is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 88.99 EUR. The next support located at 87.53 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 84.95 EUR. Below this support, sellers could then target 83.85 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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This analysis was given by paf333. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ERAMET price is 88.10 EUR. The price is lower by -0.90% since the last closing with the lowest point at 87.60 EUR and the highest point at 89.15 EUR. The deviation from the price is +0.57% for the low point and -1.18% for the high point.87.60
89.15
88.10
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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
Technical analysis of ERAMET in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 83.85 | 84.95 | 87.53 | 88.10 | 88.99 | 90.23 | 90.97 |
| Change (%) | -4.82% | -3.58% | -0.65% | - | +1.01% | +2.42% | +3.26% |
| Change | -4.25 | -3.15 | -0.57 | - | +0.89 | +2.13 | +2.87 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.05 | 86.10 | 87.50 | 88.55 | 89.95 | 91.00 | 92.40 |
| Camarilla | 88.23 | 88.45 | 88.68 | 88.90 | 89.13 | 89.35 | 89.57 |
| Woodie | 85.23 | 86.19 | 87.68 | 88.64 | 90.13 | 91.09 | 92.58 |
| Fibonacci | 86.10 | 87.04 | 87.61 | 88.55 | 89.49 | 90.06 | 91.00 |
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): | 39.11 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | -14.02 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 88.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 90.00 | |
| Elder Ray (13): | -0.57 | |
| Super Trend (3,10): | 90.06 | |
| Zig ZAG (10): | 88.10 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 40.78 | |
| TEMA (21): | 88.14 | |
| Williams %R (14): | -67.80 | |
| Chande Momentum Oscillator (20): | -1.20 | |
| Repulse (5,40,3): | -0.7400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 3.02 |
| MA7: | 89.53 | |
| MA20: | 87.87 | |
| MA50: | 91.71 | |
| MA100: | 94.67 | |
| MAexp7: | 88.55 | |
| MAexp20: | 89.01 | |
| MAexp50: | 89.28 | |
| MAexp100: | 89.21 | |
| Price / MA7: | -1.60% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | -3.94% | |
| Price / MA100: | -6.94% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -1.02% | |
| Price / MAexp50: | -1.32% | |
| Price / MAexp100: | -1.24% |
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: Approval of resolutions proposed to the Ordinary Shareholders’ General Meeting of 23 May 2023
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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