BENFICA

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SLBEN
ISIN:	PTSLB0AM0010

BENFICA - Daily - Technical analysis published on 12/23/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 3.79 EUR

My targets

4.00 EUR (+2.04%)

4.02 EUR (+2.55%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BENFICA as long as the price remains well above 3.79 EUR. The buyers' bullish objective is set at 4.00 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.02 EUR. If there is any crossing, the next objective would be the resistance located at 4.74 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

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 BENFICA rating is 3.92 EUR. The price registered an increase of +2.35% on the session and was traded between 3.88 EUR and 3.98 EUR over the period. The price is currently at +1.03% from its lowest and -1.51% from its highest.

3.88

3.98

3.92

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BENFICA chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.54	3.79	3.90	3.92	4.00	4.74	5.08
Change (%)	-9.69%	-3.32%	-0.51%	-	+2.04%	+20.92%	+29.59%
Change	-0.38	-0.13	-0.02	-	+0.08	+0.82	+1.16
Level	Major	Intermediate	Intermediate	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.75	3.78	3.81	3.84	3.87	3.90	3.93
Camarilla	3.81	3.82	3.83	3.83	3.84	3.84	3.85
Woodie	3.74	3.78	3.80	3.84	3.86	3.90	3.92
Fibonacci	3.78	3.81	3.82	3.84	3.87	3.88	3.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.69	3.77	3.82	3.90	3.95	4.03	4.08
Camarilla	3.83	3.85	3.86	3.87	3.88	3.89	3.91
Woodie	3.68	3.76	3.81	3.89	3.94	4.02	4.07
Fibonacci	3.77	3.82	3.85	3.90	3.95	3.98	4.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.51	3.61	3.68	3.78	3.85	3.95	4.02
Camarilla	3.70	3.72	3.73	3.75	3.77	3.78	3.80
Woodie	3.50	3.60	3.67	3.77	3.84	3.94	4.01
Fibonacci	3.61	3.68	3.72	3.78	3.85	3.89	3.95

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):	57.36
MACD (12,26,9):	0.0200
Directional Movement:	13.77
AROON (14):	14.29
DEMA (21):	3.89
Parabolic SAR (0,02-0,02-0,2):	4.08
Elder Ray (13):	0.06
Super Trend (3,10):	3.67
Zig ZAG (10):	3.92
VORTEX (21):	0.9700
Stochastique (14,3,5):	29.52
TEMA (21):	3.89
Williams %R (14):	-54.29
Chande Momentum Oscillator (20):	0.03
Repulse (5,40,3):	-0.7900
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	1.44

MA7:	3.86
MA20:	3.87
MA50:	3.80
MA100:	3.78
MAexp7:	3.87
MAexp20:	3.86
MAexp50:	3.82
MAexp100:	3.76
Price / MA7:	+1.55%
Price / MA20:	+1.29%
Price / MA50:	+3.16%
Price / MA100:	+3.70%
Price / MAexp7:	+1.29%
Price / MAexp20:	+1.55%
Price / MAexp50:	+2.62%
Price / MAexp100:	+4.26%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The latest news and videos published on BENFICA at the time of the analysis were as follows:

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

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