ERAMET - 1H - Technical analysis published on 05/29/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 85.48 EUR
My targets
86.58 EUR (+0.67%)
87.37 EUR (+1.59%)
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 85.48 EUR. The next resistance located at 86.58 EUR is the next bullish target 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 87.37 EUR. After this resistance, buyers could then target 88.81 EUR.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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
ERAMET rating 86.00 EUR. The price has increased by +1.72% since the last closing with the lowest point at 85.45 EUR and the highest point at 86.70 EUR. The deviation from the price is +0.64% for the low point and -0.81% for the high point.85.45
86.70
86.00
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ERAMET chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 83.34 | 84.04 | 85.48 | 86.00 | 86.58 | 87.37 | 88.81 |
| Change (%) | -3.09% | -2.28% | -0.60% | - | +0.67% | +1.59% | +3.27% |
| Change | -2.66 | -1.96 | -0.52 | - | +0.58 | +1.37 | +2.81 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.15 | 84.80 | 85.40 | 86.05 | 86.65 | 87.30 | 87.90 |
| Camarilla | 85.66 | 85.77 | 85.89 | 86.00 | 86.12 | 86.23 | 86.34 |
| Woodie | 84.13 | 84.79 | 85.38 | 86.04 | 86.63 | 87.29 | 87.88 |
| Fibonacci | 84.80 | 85.28 | 85.57 | 86.05 | 86.53 | 86.82 | 87.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.29 | 81.47 | 83.01 | 85.19 | 86.73 | 88.91 | 90.45 |
| Camarilla | 83.53 | 83.87 | 84.21 | 84.55 | 84.89 | 85.23 | 85.57 |
| Woodie | 78.97 | 81.31 | 82.69 | 85.03 | 86.41 | 88.75 | 90.13 |
| Fibonacci | 81.47 | 82.89 | 83.77 | 85.19 | 86.61 | 87.49 | 88.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.39 | 71.02 | 77.81 | 88.44 | 95.23 | 105.86 | 112.65 |
| Camarilla | 79.80 | 81.40 | 82.99 | 84.59 | 86.19 | 87.78 | 89.38 |
| Woodie | 58.46 | 70.06 | 75.88 | 87.48 | 93.30 | 104.90 | 110.72 |
| Fibonacci | 71.02 | 77.68 | 81.79 | 88.44 | 95.10 | 99.21 | 105.86 |
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): | 54.99 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 5.48 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 85.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 84.59 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 86.47 | |
| Zig ZAG (10): | 86.00 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 75.96 | |
| TEMA (21): | 86.14 | |
| Williams %R (14): | -22.95 | |
| Chande Momentum Oscillator (20): | 1.35 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.94 |
| MA7: | 85.77 | |
| MA20: | 84.50 | |
| MA50: | 87.79 | |
| MA100: | 91.05 | |
| MAexp7: | 85.96 | |
| MAexp20: | 85.62 | |
| MAexp50: | 85.57 | |
| MAexp100: | 85.57 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +1.78% | |
| Price / MA50: | -2.04% | |
| Price / MA100: | -5.55% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +0.50% |
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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