ERAMET

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ERA
ISIN:	FR0000131757

ERAMET - 1H - Technical analysis published on 05/20/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 102.40 EUR

My targets

108.27 EUR (+4.71%)

109.31 EUR (+5.72%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ERAMET as long as the price remains well above 102.40 EUR. The buyers' bullish objective is set at 108.27 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 109.31 EUR. If there is any crossing, the next objective would be the resistance located at 139.00 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The ERAMET rating is 103.40 EUR. On the day, this instrument gained +2.07% and was traded between 102.30 EUR and 103.60 EUR over the period. The price is currently at +1.08% from its lowest and -0.19% from its highest.

102.30

103.60

103.40

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ERAMET indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being 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, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

MACD indicator is back over 0

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	93.10	98.70	102.40	103.40	109.31	139.00	148.88
Change (%)	-9.96%	-4.55%	-0.97%	-	+5.72%	+34.43%	+43.98%
Change	-10.30	-4.70	-1.00	-	+5.91	+35.60	+45.48
Level	Major	Minor	Minor	-	Major	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	95.63	97.17	99.23	100.77	102.83	104.37	106.43
Camarilla	100.31	100.64	100.97	101.30	101.63	101.96	102.29
Woodie	95.90	97.30	99.50	100.90	103.10	104.50	106.70
Fibonacci	97.17	98.54	99.39	100.77	102.14	102.99	104.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.87	86.83	94.07	101.03	108.27	115.23	122.47
Camarilla	97.40	98.70	100.00	101.30	102.60	103.90	105.21
Woodie	80.00	86.90	94.20	101.10	108.40	115.30	122.60
Fibonacci	86.83	92.26	95.61	101.03	106.46	109.81	115.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.13	61.82	76.58	85.27	100.03	108.72	123.48
Camarilla	84.90	87.05	89.20	91.35	93.50	95.65	97.80
Woodie	56.18	63.34	79.63	86.79	103.08	110.24	126.53
Fibonacci	61.82	70.78	76.31	85.27	94.23	99.76	108.72

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):	56.96
MACD (12,26,9):	0.1000
Directional Movement:	-5.28
AROON (14):	64.29
DEMA (21):	101.87
Parabolic SAR (0,02-0,02-0,2):	97.81
Elder Ray (13):	1.09
Super Trend (3,10):	103.66
Zig ZAG (10):	103.40
VORTEX (21):	1.0300
Stochastique (14,3,5):	85.33
TEMA (21):	101.89
Williams %R (14):	-2.04
Chande Momentum Oscillator (20):	1.70
Repulse (5,40,3):	0.7900
ROCnROLL:	1
TRIX (15,9):	-0.0400
Courbe Coppock:	1.81

MA7:	102.46
MA20:	93.01
MA50:	79.74
MA100:	72.05
MAexp7:	102.30
MAexp20:	101.83
MAexp50:	101.19
MAexp100:	98.21
Price / MA7:	+0.92%
Price / MA20:	+11.17%
Price / MA50:	+29.67%
Price / MA100:	+43.51%
Price / MAexp7:	+1.08%
Price / MAexp20:	+1.54%
Price / MAexp50:	+2.18%
Price / MAexp100:	+5.28%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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