ERAMET - Daily - Technical analysis published on 12/06/2019 (GMT)
- 352
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 42.95 EUR
My targets
36.81 EUR (-7.79%)
30.29 EUR (-24.13%)
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 42.95 EUR. The next support located at 36.81 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 30.29 EUR. Below this support, sellers could then target 15.80 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.3
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ERAMET price is 39.92 EUR. The price registered an increase of +0.20% on the session and was traded between 39.82 EUR and 40.19 EUR over the period. The price is currently at +0.25% from its lowest and -0.67% from its highest.39.82
40.19
39.92
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 15.80 | 36.81 | 39.92 | 44.74 | 54.44 | 59.62 |
| Change (%) | -60.42% | -7.79% | - | +12.07% | +36.37% | +49.35% |
| Change | -24.12 | -3.11 | - | +4.82 | +14.52 | +19.70 |
| Level | Major | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.30 | 39.07 | 39.45 | 40.22 | 40.60 | 41.37 | 41.75 |
| Camarilla | 39.52 | 39.63 | 39.74 | 39.84 | 39.95 | 40.05 | 40.16 |
| Woodie | 38.12 | 38.97 | 39.27 | 40.12 | 40.42 | 41.27 | 41.57 |
| Fibonacci | 39.07 | 39.51 | 39.78 | 40.22 | 40.66 | 40.93 | 41.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.61 | 37.98 | 39.28 | 41.65 | 42.95 | 45.32 | 46.62 |
| Camarilla | 39.57 | 39.91 | 40.24 | 40.58 | 40.92 | 41.25 | 41.59 |
| Woodie | 35.08 | 37.71 | 38.75 | 41.38 | 42.42 | 45.05 | 46.09 |
| Fibonacci | 37.98 | 39.38 | 40.25 | 41.65 | 43.05 | 43.92 | 45.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.22 | 30.29 | 35.43 | 45.50 | 50.64 | 60.71 | 65.85 |
| Camarilla | 36.40 | 37.79 | 39.19 | 40.58 | 41.97 | 43.37 | 44.76 |
| Woodie | 17.77 | 29.06 | 32.98 | 44.27 | 48.19 | 59.48 | 63.40 |
| Fibonacci | 30.29 | 36.10 | 39.69 | 45.50 | 51.31 | 54.90 | 60.71 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.51 | |
| MACD (12,26,9): | -2.1200 | |
| Directional Movement: | -16.06 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 40.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.97 | |
| Elder Ray (13): | -1.67 | |
| Super Trend (3,10): | 44.47 | |
| Zig ZAG (10): | 39.84 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 8.44 | |
| TEMA (21): | 38.86 | |
| Williams %R (14): | -92.71 | |
| Chande Momentum Oscillator (20): | -3.86 | |
| Repulse (5,40,3): | -5.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5400 | |
| Courbe Coppock: | 29.39 |
| MA7: | 40.23 | |
| MA20: | 43.68 | |
| MA50: | 45.67 | |
| MA100: | 45.71 | |
| MAexp7: | 40.47 | |
| MAexp20: | 42.86 | |
| MAexp50: | 45.13 | |
| MAexp100: | 46.88 | |
| Price / MA7: | -0.77% | |
| Price / MA20: | -8.61% | |
| Price / MA50: | -12.59% | |
| Price / MA100: | -12.67% | |
| Price / MAexp7: | -1.36% | |
| Price / MAexp20: | -6.86% | |
| Price / MAexp50: | -11.54% | |
| Price / MAexp100: | -14.85% |
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: Purchase of own shares
- Eramet obtains exploration permits for mineral sands in Cameroon
- Eramet: Success of the tender offer to repurchase the bonds due November 2020 and of a new issue of bonds for an amount of 300 million euros
- Eramet: Purchase of own shares
- Eramet: Purchase of own shares
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ERAMET - Daily