B.COM.PORTUGUES

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BCP
ISIN:	PTBCP0AM0015

B.COM.PORTUGUES - Weekly - Technical analysis published on 09/30/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 0.2389 EUR

My targets

0.2929 EUR (+12.49%)

1.7924 EUR (+588.33%)

My analysis

B.COM.PORTUGUES is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.2389 EUR. The next resistance located at 0.2929 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.7924 EUR. After this resistance, buyers could then target 5.0964 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

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.

This analysis was given by Tezouro. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The B.COM.PORTUGUES rating is 0.2604 EUR. The price registered a decrease of -0.88% over 5 days and has been traded over the last 5 days between 0.2558 EUR and 0.2679 EUR. This implies that the 5 day price is +1.80% from its lowest point and -2.80% from its highest point.

0.2558

0.2679

0.2604

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of B.COM.PORTUGUES in Weekly 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.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bullish

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Weekly

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.1219	0.1975	0.2389	0.2604	1.7924	5.0964	20.1375
Change (%)	-53.19%	-24.16%	-8.26%	-	+588.33%	+1,857.14%	+7,633.29%
Change	-0.1385	-0.0629	-0.0215	-	+1.5320	+4.8360	+19.8771
Level	Minor	Major	Major	-	Minor	Minor	Major

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	0.2556	0.2574	0.2589	0.2607	0.2622	0.2640	0.2655
Camarilla	0.2595	0.2598	0.2601	0.2604	0.2607	0.2610	0.2613
Woodie	0.2555	0.2573	0.2588	0.2606	0.2621	0.2639	0.2654
Fibonacci	0.2574	0.2587	0.2594	0.2607	0.2620	0.2627	0.2640

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.2383	0.2444	0.2536	0.2597	0.2689	0.2750	0.2842
Camarilla	0.2585	0.2599	0.2613	0.2627	0.2641	0.2655	0.2669
Woodie	0.2398	0.2452	0.2551	0.2605	0.2704	0.2758	0.2857
Fibonacci	0.2444	0.2503	0.2539	0.2597	0.2656	0.2692	0.2750

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.2155	0.2253	0.2413	0.2511	0.2671	0.2769	0.2929
Camarilla	0.2503	0.2527	0.2550	0.2574	0.2598	0.2621	0.2645
Woodie	0.2187	0.2269	0.2445	0.2527	0.2703	0.2785	0.2961
Fibonacci	0.2253	0.2351	0.2412	0.2511	0.2609	0.2670	0.2769

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):	62.03
MACD (12,26,9):	0.0152
Directional Movement:	9.9524
AROON (14):	28.5714
DEMA (21):	0.2606
Parabolic SAR (0,02-0,02-0,2):	0.2226
Elder Ray (13):	0.0138
Super Trend (3,10):	0.2121
Zig ZAG (10):	0.2604
VORTEX (21):	1.1117
Stochastique (14,3,5):	88.87
TEMA (21):	0.2628
Williams %R (14):	-12.02
Chande Momentum Oscillator (20):	0.0389
Repulse (5,40,3):	2.5533
ROCnROLL:	1
TRIX (15,9):	0.9886
Courbe Coppock:	35.56

MA7:	0.2615
MA20:	0.2562
MA50:	0.2522
MA100:	0.2362
MAexp7:	0.2552
MAexp20:	0.2404
MAexp50:	0.2140
MAexp100:	0.1919
Price / MA7:	-0.42%
Price / MA20:	+1.64%
Price / MA50:	+3.25%
Price / MA100:	+10.25%
Price / MAexp7:	+2.04%
Price / MAexp20:	+8.32%
Price / MAexp50:	+21.68%
Price / MAexp100:	+35.70%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The latest news and videos published on B.COM.PORTUGUES 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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