BENFICA - Daily - Technical analysis published on 06/12/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 3.22 EUR
My targets
3.54 EUR (+5.04%)
4.07 EUR (+20.77%)
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 3.22 EUR. The buyers' bullish objective is set at 3.54 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.07 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, 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
0
10
8.6
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BENFICA rating 3.37 EUR. On the day, this instrument gained +2.12% with the lowest point at 3.33 EUR and the highest point at 3.47 EUR. The deviation from the price is +1.20% for the low point and -2.88% for the high point.3.33
3.47
3.37
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of BENFICA in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.09 | 3.22 | 3.33 | 3.37 | 3.54 | 4.07 | 4.74 |
| Change (%) | -8.31% | -4.45% | -1.19% | - | +5.04% | +20.77% | +40.65% |
| Change | -0.28 | -0.15 | -0.04 | - | +0.17 | +0.70 | +1.37 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 2.93 | 3.01 | 3.15 | 3.23 | 3.37 | 3.45 | 3.59 |
| Camarilla | 3.24 | 3.26 | 3.28 | 3.30 | 3.32 | 3.34 | 3.36 |
| Woodie | 2.97 | 3.03 | 3.19 | 3.25 | 3.41 | 3.47 | 3.63 |
| Fibonacci | 3.01 | 3.09 | 3.14 | 3.23 | 3.31 | 3.36 | 3.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.88 | 2.93 | 3.00 | 3.05 | 3.12 | 3.17 | 3.24 |
| Camarilla | 3.03 | 3.04 | 3.05 | 3.06 | 3.07 | 3.08 | 3.09 |
| Woodie | 2.88 | 2.94 | 3.00 | 3.06 | 3.12 | 3.18 | 3.24 |
| Fibonacci | 2.93 | 2.98 | 3.01 | 3.05 | 3.10 | 3.13 | 3.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.48 | 2.66 | 2.87 | 3.05 | 3.26 | 3.44 | 3.65 |
| Camarilla | 2.96 | 3.00 | 3.03 | 3.07 | 3.11 | 3.14 | 3.18 |
| Woodie | 2.49 | 2.67 | 2.88 | 3.06 | 3.27 | 3.45 | 3.66 |
| Fibonacci | 2.66 | 2.81 | 2.90 | 3.05 | 3.20 | 3.29 | 3.44 |
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): | 73.94 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 43.32 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 3.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.00 | |
| Elder Ray (13): | 0.28 | |
| Super Trend (3,10): | 3.11 | |
| Zig ZAG (10): | 3.37 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 72.22 | |
| TEMA (21): | 3.19 | |
| Williams %R (14): | -20.83 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | 4.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 3.50 |
| MA7: | 3.11 | |
| MA20: | 3.09 | |
| MA50: | 2.96 | |
| MA100: | 2.90 | |
| MAexp7: | 3.17 | |
| MAexp20: | 3.09 | |
| MAexp50: | 3.00 | |
| MAexp100: | 2.97 | |
| Price / MA7: | +8.36% | |
| Price / MA20: | +9.06% | |
| Price / MA50: | +13.85% | |
| Price / MA100: | +16.21% | |
| Price / MAexp7: | +6.31% | |
| Price / MAexp20: | +9.06% | |
| Price / MAexp50: | +12.33% | |
| Price / MAexp100: | +13.47% |
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:
-
Benfica and Bayern grasp league titles in nail-biting final match day
- Benfica delegation meets with High Ranking Saudi Arabia Sports Officials and business partners to prepare launch of joint ventures
- Genius Sports Clinches First Live Tracking Data, Analytics, and Enhanced Broadcast Partnership in Portuguese Primeira Liga with S.L. Benfica deal
-
Portuguese Club Benfica Invites Rescued Thai Boys to Train At Soccer Camp
-
360° video: S.L. Benfica's mascot gives eagle's-eye view of the Lisbon stadium
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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