B.COM.PORTUGUES - Weekly - Technical analysis published on 11/18/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.2654 EUR
My targets
0.3187 EUR (+11.11%)
0.3428 EUR (+19.54%)
My analysis
The bullish trend is currently very strong on B.COM.PORTUGUES. As long as the price remains above the support at 0.2654 EUR, you could try to benefit from the boom. The first bullish objective is located at 0.3187 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.3428 EUR as an objective. Crossing it would then enable buyers to target 1.7924 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
0
10
8.4
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Additional analysis
Quotes
The B.COM.PORTUGUES price is 0.2868 EUR. The price is up +1.85% over 5 days and has been traded over the last 5 days between 0.2788 EUR and 0.2907 EUR. This implies that the 5 day price is +2.87% from its lowest point and -1.34% from its highest point.0.2788
0.2907
0.2868
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this B.COM.PORTUGUES chart shows a strongly bullish trend. 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Weekly
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.1219 | 0.1975 | 0.2397 | 0.2868 | 1.7924 | 5.0964 | 20.1375 |
| Change (%) | -57.50% | -31.14% | -16.42% | - | +524.97% | +1,676.99% | +6,921.44% |
| Change | -0.1649 | -0.0893 | -0.0471 | - | +1.5056 | +4.8096 | +19.8507 |
| Level | Minor | Major | Major | - | Minor | 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 | 0.2793 | 0.2808 | 0.2838 | 0.2853 | 0.2883 | 0.2898 | 0.2928 |
| Camarilla | 0.2856 | 0.2860 | 0.2864 | 0.2868 | 0.2872 | 0.2876 | 0.2880 |
| Woodie | 0.2801 | 0.2812 | 0.2846 | 0.2857 | 0.2891 | 0.2902 | 0.2936 |
| Fibonacci | 0.2808 | 0.2825 | 0.2836 | 0.2853 | 0.2870 | 0.2881 | 0.2898 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.2556 | 0.2651 | 0.2734 | 0.2829 | 0.2912 | 0.3007 | 0.3090 |
| Camarilla | 0.2767 | 0.2783 | 0.2800 | 0.2816 | 0.2832 | 0.2849 | 0.2865 |
| Woodie | 0.2549 | 0.2648 | 0.2727 | 0.2826 | 0.2905 | 0.3004 | 0.3083 |
| Fibonacci | 0.2651 | 0.2719 | 0.2761 | 0.2829 | 0.2897 | 0.2939 | 0.3007 |
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): | 66.08 | |
| MACD (12,26,9): | 0.0184 | |
| Directional Movement: | 17.1855 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 0.2854 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.2610 | |
| Elder Ray (13): | 0.0139 | |
| Super Trend (3,10): | 0.2403 | |
| Zig ZAG (10): | 0.2868 | |
| VORTEX (21): | 1.1890 | |
| Stochastique (14,3,5): | 68.94 | |
| TEMA (21): | 0.2892 | |
| Williams %R (14): | -32.13 | |
| Chande Momentum Oscillator (20): | 0.0371 | |
| Repulse (5,40,3): | 1.1972 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0703 | |
| Courbe Coppock: | 30.38 |
| MA7: | 0.2845 | |
| MA20: | 0.2858 | |
| MA50: | 0.2738 | |
| MA100: | 0.2589 | |
| MAexp7: | 0.2800 | |
| MAexp20: | 0.2613 | |
| MAexp50: | 0.2304 | |
| MAexp100: | 0.2036 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +4.75% | |
| Price / MA100: | +10.78% | |
| Price / MAexp7: | +2.43% | |
| Price / MAexp20: | +9.76% | |
| Price / MAexp50: | +24.48% | |
| Price / MAexp100: | +40.86% |
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 notification from Banco de Portugal on the implementation of a reserve in own funds for sectoral systemic risk
- Bcp Finance Bank, Ltd. and Banco Comercial Português, S.a. Announce Substitution of Issuer
- Banco Comercial Português, S.A. informs about notice of sale of securities by Fidelidade
- BCP S.A. informs about the ECB's authorization to exercise the early redemption option of the currently outstanding Additional Tier 1 (“AT1”) instrument with an outstanding amount of 400 million euros
- Banco Comercial Português, S.A. informs about consolidated earnings in the first 9M 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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