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 12/01/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 3.33 EUR

My targets

2.86 EUR (-6.54%)

2.69 EUR (-12.09%)

My analysis

The bearish basic trend is very strong on BENFICA but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 3.33 EUR. Crossing the first support at 2.86 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 2.69 EUR as an objective. Crossing it would then enable sellers to target 2.23 EUR. Caution, a return to above the resistance located at 3.33 EUR would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

4.6

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 3.06 EUR. On the day, this instrument lost -1.29% with the lowest point at 3.00 EUR and the highest point at 3.08 EUR. The deviation from the price is +2.00% for the low point and -0.65% for the high point.

3.00

3.08

3.06

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

Technical

Technical analysis of this Daily chart of BENFICA indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.69	2.86	3.02	3.06	3.33	3.54	3.90
Change (%)	-12.09%	-6.54%	-1.31%	-	+8.82%	+15.69%	+27.45%
Change	-0.37	-0.20	-0.04	-	+0.27	+0.48	+0.84
Level	Intermediate	Minor	Major	-	Minor	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.85	2.90	3.00	3.05	3.15	3.20	3.30
Camarilla	3.06	3.07	3.09	3.10	3.11	3.13	3.14
Woodie	2.88	2.91	3.03	3.06	3.18	3.21	3.33
Fibonacci	2.90	2.96	2.99	3.05	3.11	3.14	3.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.77	2.88	2.97	3.08	3.17	3.28	3.37
Camarilla	3.00	3.01	3.03	3.05	3.07	3.09	3.11
Woodie	2.75	2.88	2.95	3.08	3.15	3.28	3.35
Fibonacci	2.88	2.96	3.01	3.08	3.16	3.21	3.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.98	2.37	2.71	3.10	3.44	3.83	4.17
Camarilla	2.85	2.92	2.98	3.05	3.12	3.18	3.25
Woodie	1.96	2.36	2.69	3.09	3.42	3.82	4.15
Fibonacci	2.37	2.65	2.82	3.10	3.38	3.55	3.83

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):	46.68
MACD (12,26,9):	-0.0300
Directional Movement:	3.72
AROON (14):	-7.14
DEMA (21):	3.04
Parabolic SAR (0,02-0,02-0,2):	2.95
Elder Ray (13):	-0.04
Super Trend (3,10):	3.32
Zig ZAG (10):	3.06
VORTEX (21):	0.8600
Stochastique (14,3,5):	66.67
TEMA (21):	3.07
Williams %R (14):	-48.28
Chande Momentum Oscillator (20):	-0.04
Repulse (5,40,3):	5.0200
ROCnROLL:	2
TRIX (15,9):	-0.2000
Courbe Coppock:	0.83

MA7:	3.09
MA20:	3.07
MA50:	3.19
MA100:	3.35
MAexp7:	3.08
MAexp20:	3.09
MAexp50:	3.18
MAexp100:	3.32
Price / MA7:	-0.97%
Price / MA20:	-0.33%
Price / MA50:	-4.08%
Price / MA100:	-8.66%
Price / MAexp7:	-0.65%
Price / MAexp20:	-0.97%
Price / MAexp50:	-3.77%
Price / MAexp100:	-7.83%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The last news published on BENFICA 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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