BENFICA - Daily - Technical analysis published on 11/28/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 3.21 EUR
My targets
3.38 EUR (+2.11%)
3.54 EUR (+6.95%)
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 3.21 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 3.38 EUR. Then the price could move towards 3.54 EUR. Then 3.93 EUR by extension. Be careful, a return below 3.21 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
0
10
6.1
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Additional analysis
Quotes
BENFICA rating 3.31 EUR. The price has increased by +0.30% since the last closing and was between 3.31 EUR and 3.31 EUR. This implies that the price is at 0% from its lowest and at 0% from its highest.3.31
3.31
3.31
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:
Technical
A technical analysis in Daily of this BENFICA chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.80 | 3.10 | 3.21 | 3.31 | 3.38 | 3.54 | 3.93 |
| Change (%) | -15.41% | -6.34% | -3.02% | - | +2.11% | +6.95% | +18.73% |
| Change | -0.51 | -0.21 | -0.10 | - | +0.07 | +0.23 | +0.62 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.97 | 3.13 | 3.22 | 3.38 | 3.47 | 3.63 | 3.72 |
| Camarilla | 3.23 | 3.25 | 3.28 | 3.30 | 3.32 | 3.35 | 3.37 |
| Woodie | 2.93 | 3.11 | 3.18 | 3.36 | 3.43 | 3.61 | 3.68 |
| Fibonacci | 3.13 | 3.23 | 3.29 | 3.38 | 3.48 | 3.54 | 3.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.76 | 2.91 | 3.23 | 3.38 | 3.70 | 3.85 | 4.17 |
| Camarilla | 3.41 | 3.45 | 3.50 | 3.54 | 3.58 | 3.63 | 3.67 |
| Woodie | 2.84 | 2.95 | 3.31 | 3.42 | 3.78 | 3.89 | 4.25 |
| Fibonacci | 2.91 | 3.09 | 3.20 | 3.38 | 3.56 | 3.67 | 3.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.43 | 2.75 | 2.97 | 3.29 | 3.51 | 3.83 | 4.05 |
| Camarilla | 3.05 | 3.10 | 3.15 | 3.20 | 3.25 | 3.30 | 3.35 |
| Woodie | 2.39 | 2.73 | 2.93 | 3.27 | 3.47 | 3.81 | 4.01 |
| Fibonacci | 2.75 | 2.95 | 3.08 | 3.29 | 3.49 | 3.62 | 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): | 53.25 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 14.24 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 3.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.19 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 2.96 | |
| Zig ZAG (10): | 3.31 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 50.88 | |
| TEMA (21): | 3.31 | |
| Williams %R (14): | -49.12 | |
| Chande Momentum Oscillator (20): | 0.22 | |
| Repulse (5,40,3): | -6.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 10.06 |
| MA7: | 3.32 | |
| MA20: | 3.21 | |
| MA50: | 3.25 | |
| MA100: | 3.29 | |
| MAexp7: | 3.30 | |
| MAexp20: | 3.25 | |
| MAexp50: | 3.25 | |
| MAexp100: | 3.24 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | +3.12% | |
| Price / MA50: | +1.85% | |
| Price / MA100: | +0.61% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +1.85% | |
| Price / MAexp50: | +1.85% | |
| Price / MAexp100: | +2.16% |
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:
-
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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