RAMADA

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	RAM
ISIN:	PTFRV0AE0004

RAMADA - Daily - Technical analysis published on 09/23/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 6.80 EUR

My targets

7.05 EUR (+2.22%)

7.27 EUR (+5.32%)

My analysis

The bullish trend is currently very strong on RAMADA. As long as the price remains above the support at 6.80 EUR, you could try to benefit from the boom. The first bullish objective is located at 7.05 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.27 EUR as an objective. Crossing it would then enable buyers to target 7.63 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

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

8.6

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

RAMADA rating 6.90 EUR. On the day, this instrument gained +1.17% and was between 6.80 EUR and 6.90 EUR. This implies that the price is at +1.47% from its lowest and at 0% from its highest.

6.80

6.90

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 results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of RAMADA in Daily shows a strongly overall 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 currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	6.54	6.80	6.89	6.90
Change (%)	-5.22%	-1.45%	-0.14%	-
Change	-0.36	-0.10	-0.01	-
Level	Minor	Minor	Intermediate	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.65	6.69	6.75	6.79	6.85	6.89	6.95
Camarilla	6.79	6.80	6.81	6.82	6.83	6.84	6.85
Woodie	6.67	6.70	6.77	6.80	6.87	6.90	6.97
Fibonacci	6.69	6.73	6.75	6.79	6.83	6.85	6.89

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.57	6.63	6.73	6.79	6.89	6.95	7.05
Camarilla	6.78	6.79	6.81	6.82	6.84	6.85	6.86
Woodie	6.58	6.64	6.74	6.80	6.90	6.96	7.06
Fibonacci	6.63	6.69	6.73	6.79	6.85	6.89	6.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.89	6.11	6.47	6.69	7.05	7.27	7.63
Camarilla	6.68	6.73	6.79	6.84	6.89	6.95	7.00
Woodie	5.97	6.15	6.55	6.73	7.13	7.31	7.71
Fibonacci	6.11	6.33	6.47	6.69	6.91	7.05	7.27

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):	60.15
MACD (12,26,9):	0.0300
Directional Movement:	2.58
AROON (14):	92.86
DEMA (21):	6.81
Parabolic SAR (0,02-0,02-0,2):	6.70
Elder Ray (13):	0.07
Super Trend (3,10):	6.56
Zig ZAG (10):	6.90
VORTEX (21):	0.9400
Stochastique (14,3,5):	63.64
TEMA (21):	6.81
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.24
Repulse (5,40,3):	1.5500
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	0.53

MA7:	6.78
MA20:	6.78
MA50:	6.69
MA100:	6.60
MAexp7:	6.80
MAexp20:	6.77
MAexp50:	6.70
MAexp100:	6.59
Price / MA7:	+1.77%
Price / MA20:	+1.77%
Price / MA50:	+3.14%
Price / MA100:	+4.55%
Price / MAexp7:	+1.47%
Price / MAexp20:	+1.92%
Price / MAexp50:	+2.99%
Price / MAexp100:	+4.70%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The last news published on RAMADA 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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