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 09/27/2024 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 3.22 EUR

My targets

3.54 EUR (+5.04%)

3.93 EUR (+16.62%)

My analysis

A bullish trend on BENFICA both in substance and in the short term. A purchase could be considered as long as the price remains above 3.22 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 3.54 EUR. Then the price could move towards 3.93 EUR. Then 4.07 EUR by extension. Be careful, a return below 3.22 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

5.9

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

BENFICA rating 3.37 EUR. The price registered an increase of +4.98% on the session and was between 3.37 EUR and 3.37 EUR. This implies that the price is at 0% from its lowest and at 0% from its highest.

3.37

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

Technical

A technical analysis in Daily of this BENFICA chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bullish harami cross

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.98	3.10	3.22	3.37	3.38	3.54	3.93
Change (%)	-11.57%	-8.01%	-4.45%	-	+0.30%	+5.04%	+16.62%
Change	-0.39	-0.27	-0.15	-	+0.01	+0.17	+0.56
Level	Minor	Major	Minor	-	Major	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.94	3.06	3.14	3.26	3.34	3.46	3.54
Camarilla	3.16	3.17	3.19	3.21	3.23	3.25	3.27
Woodie	2.91	3.05	3.11	3.25	3.31	3.45	3.51
Fibonacci	3.06	3.14	3.19	3.26	3.34	3.39	3.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.93	3.06	3.15	3.28	3.37	3.50	3.59
Camarilla	3.19	3.21	3.23	3.25	3.27	3.29	3.31
Woodie	2.92	3.05	3.14	3.27	3.36	3.49	3.58
Fibonacci	3.06	3.14	3.19	3.28	3.36	3.41	3.50

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.90	2.48	2.95	3.53	4.00	4.58	5.05
Camarilla	3.12	3.22	3.31	3.41	3.51	3.60	3.70
Woodie	1.84	2.45	2.89	3.50	3.94	4.55	4.99
Fibonacci	2.48	2.88	3.13	3.53	3.93	4.18	4.58

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.47
MACD (12,26,9):	-0.0300
Directional Movement:	14.19
AROON (14):	50.00
DEMA (21):	3.27
Parabolic SAR (0,02-0,02-0,2):	3.17
Elder Ray (13):	0.08
Super Trend (3,10):	3.61
Zig ZAG (10):	3.37
VORTEX (21):	0.8100
Stochastique (14,3,5):	42.03
TEMA (21):	3.24
Williams %R (14):	-13.04
Chande Momentum Oscillator (20):	0.20
Repulse (5,40,3):	-5.0900
ROCnROLL:	1
TRIX (15,9):	-0.1300
Courbe Coppock:	4.75

MA7:	3.27
MA20:	3.31
MA50:	3.34
MA100:	3.24
MAexp7:	3.28
MAexp20:	3.31
MAexp50:	3.31
MAexp100:	3.24
Price / MA7:	+3.06%
Price / MA20:	+1.81%
Price / MA50:	+0.90%
Price / MA100:	+4.01%
Price / MAexp7:	+2.74%
Price / MAexp20:	+1.81%
Price / MAexp50:	+1.81%
Price / MAexp100:	+4.01%

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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