B.COM.PORTUGUES - Weekly - Technical analysis published on 11/10/2023 (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%
11%
22%
My opinion
Bullish above 0.2397 EUR
My targets
0.3187 EUR (+13.16%)
0.3428 EUR (+21.74%)
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 0.2397 EUR. The next resistance located at 0.3187 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 0.3428 EUR. After this resistance, buyers could then target 1.7924 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
0
10
7.9
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Additional analysis
Quotes
The B.COM.PORTUGUES price is 0.2816 EUR. The price is lower by -4.06% over the 5 days and has been traded over the last 5 days between 0.2747 EUR and 0.2925 EUR. This implies that the 5 day price is +2.51% from its lowest point and -3.73% from its highest point.0.2747
0.2925
0.2816
Here is a more detailed summary of the historical variations registered by B.COM.PORTUGUES:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of B.COM.PORTUGUES indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.1219 | 0.1975 | 0.2397 | 0.2816 | 1.7924 | 5.0964 | 20.1375 |
Change (%) | -56.71% | -29.87% | -14.88% | - | +536.51% | +1,709.80% | +7,051.10% |
Change | -0.1597 | -0.0841 | -0.0419 | - | +1.5108 | +4.8148 | +19.8559 |
Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
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 | 0.2710 | 0.2753 | 0.2785 | 0.2828 | 0.2860 | 0.2903 | 0.2935 |
Camarilla | 0.2795 | 0.2802 | 0.2809 | 0.2816 | 0.2823 | 0.2830 | 0.2837 |
Woodie | 0.2704 | 0.2750 | 0.2779 | 0.2825 | 0.2854 | 0.2900 | 0.2929 |
Fibonacci | 0.2753 | 0.2782 | 0.2800 | 0.2828 | 0.2857 | 0.2875 | 0.2903 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.2483 | 0.2639 | 0.2787 | 0.2943 | 0.3091 | 0.3247 | 0.3395 |
Camarilla | 0.2851 | 0.2879 | 0.2907 | 0.2935 | 0.2963 | 0.2991 | 0.3019 |
Woodie | 0.2479 | 0.2637 | 0.2783 | 0.2941 | 0.3087 | 0.3245 | 0.3391 |
Fibonacci | 0.2639 | 0.2755 | 0.2827 | 0.2943 | 0.3059 | 0.3131 | 0.3247 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.2267 | 0.2413 | 0.2654 | 0.2800 | 0.3041 | 0.3187 | 0.3428 |
Camarilla | 0.2790 | 0.2825 | 0.2861 | 0.2896 | 0.2932 | 0.2967 | 0.3002 |
Woodie | 0.2316 | 0.2437 | 0.2703 | 0.2824 | 0.3090 | 0.3211 | 0.3477 |
Fibonacci | 0.2413 | 0.2561 | 0.2652 | 0.2800 | 0.2948 | 0.3039 | 0.3187 |
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): | 64.46 | |
MACD (12,26,9): | 0.0184 | |
Directional Movement: | 18.0663 | |
AROON (14): | 92.8571 | |
DEMA (21): | 0.2826 | |
Parabolic SAR (0,02-0,02-0,2): | 0.2530 | |
Elder Ray (13): | 0.0154 | |
Super Trend (3,10): | 0.2403 | |
Zig ZAG (10): | 0.2816 | |
VORTEX (21): | 1.1741 | |
Stochastique (14,3,5): | 77.33 | |
TEMA (21): | 0.2866 | |
Williams %R (14): | -39.14 | |
Chande Momentum Oscillator (20): | 0.0342 | |
Repulse (5,40,3): | -0.5055 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.0602 | |
Courbe Coppock: | 31.37 |
MA7: | 0.2873 | |
MA20: | 0.2847 | |
MA50: | 0.2703 | |
MA100: | 0.2555 | |
MAexp7: | 0.2777 | |
MAexp20: | 0.2587 | |
MAexp50: | 0.2281 | |
MAexp100: | 0.2019 | |
Price / MA7: | -1.98% | |
Price / MA20: | -1.09% | |
Price / MA50: | +4.18% | |
Price / MA100: | +10.22% | |
Price / MAexp7: | +1.40% | |
Price / MAexp20: | +8.85% | |
Price / MAexp50: | +23.45% | |
Price / MAexp100: | +39.47% |
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:
- Banco Comercial Português, S.A. informs about consolidated earnings in the first 9M 2023
- Banco Comercial Português, S.A. informs about Bank Millennium (Poland) results in the first 9M 2023
- Banco Comercial Português, S.A. informs about notice of acquisition of securities
- Banco Comercial Português, S.A. informs about estimated provisions against legal risk related to FX mortgage loans portfolio booked by Bank Millennium, S.A. in 3Q 2023
- BCP Finance Bank 1H2023 Report
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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