B.COM.PORTUGUES - Weekly - Technical analysis published on 12/17/2023 (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
50%
22%
28%
My opinion
Bullish above 0.2397 EUR
My targets
0.3039 EUR (+8.23%)
0.3567 EUR (+27.03%)
My analysis
The bullish trend is currently very strong on B.COM.PORTUGUES. As long as the price remains above the support at 0.2397 EUR, you could try to benefit from the boom. The first bullish objective is located at 0.3039 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.3567 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
7
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This analysis was given by Tezouro. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
B.COM.PORTUGUES rating 0.2808 EUR. Over 5 days, this instrument lost -10.60% and has been traded over the last 5 days between 0.2801 EUR and 0.3053 EUR. This implies that the 5 day price is +0.25% from its lowest point and -8.02% from its highest point.0.2801
0.3053
0.2808
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of B.COM.PORTUGUES in Weekly 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 5 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.1210 | 0.1975 | 0.2397 | 0.2808 | 0.3039 | 1.7924 | 5.0964 |
Change (%) | -56.91% | -29.67% | -14.64% | - | +8.23% | +538.32% | +1,714.96% |
Change | -0.1598 | -0.0833 | -0.0411 | - | +0.0231 | +1.5116 | +4.8156 |
Level | Intermediate | Major | Major | - | Major | Minor | 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 | 0.2607 | 0.2704 | 0.2756 | 0.2853 | 0.2905 | 0.3002 | 0.3054 |
Camarilla | 0.2767 | 0.2781 | 0.2794 | 0.2808 | 0.2822 | 0.2835 | 0.2849 |
Woodie | 0.2585 | 0.2693 | 0.2734 | 0.2842 | 0.2883 | 0.2991 | 0.3032 |
Fibonacci | 0.2704 | 0.2761 | 0.2796 | 0.2853 | 0.2910 | 0.2945 | 0.3002 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.2712 | 0.2878 | 0.3010 | 0.3176 | 0.3308 | 0.3474 | 0.3606 |
Camarilla | 0.3059 | 0.3086 | 0.3114 | 0.3141 | 0.3168 | 0.3196 | 0.3223 |
Woodie | 0.2694 | 0.2870 | 0.2992 | 0.3168 | 0.3290 | 0.3466 | 0.3588 |
Fibonacci | 0.2878 | 0.2992 | 0.3063 | 0.3176 | 0.3290 | 0.3361 | 0.3474 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.2493 | 0.2620 | 0.2851 | 0.2978 | 0.3209 | 0.3336 | 0.3567 |
Camarilla | 0.2984 | 0.3016 | 0.3049 | 0.3082 | 0.3115 | 0.3148 | 0.3181 |
Woodie | 0.2545 | 0.2646 | 0.2903 | 0.3004 | 0.3261 | 0.3362 | 0.3619 |
Fibonacci | 0.2620 | 0.2757 | 0.2841 | 0.2978 | 0.3115 | 0.3199 | 0.3336 |
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): | 55.64 | |
MACD (12,26,9): | 0.0198 | |
Directional Movement: | 16.4069 | |
AROON (14): | 92.8571 | |
DEMA (21): | 0.3010 | |
Parabolic SAR (0,02-0,02-0,2): | 0.3343 | |
Elder Ray (13): | 0.0130 | |
Super Trend (3,10): | 0.2633 | |
Zig ZAG (10): | 0.2808 | |
VORTEX (21): | 1.1248 | |
Stochastique (14,3,5): | 73.10 | |
TEMA (21): | 0.3050 | |
Williams %R (14): | -59.71 | |
Chande Momentum Oscillator (20): | 0.0181 | |
Repulse (5,40,3): | -13.0397 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 1.1487 | |
Courbe Coppock: | 34.59 |
MA7: | 0.3011 | |
MA20: | 0.3053 | |
MA50: | 0.2922 | |
MA100: | 0.2726 | |
MAexp7: | 0.2940 | |
MAexp20: | 0.2749 | |
MAexp50: | 0.2411 | |
MAexp100: | 0.2112 | |
Price / MA7: | -6.74% | |
Price / MA20: | -8.02% | |
Price / MA50: | -3.90% | |
Price / MA100: | +3.01% | |
Price / MAexp7: | -4.49% | |
Price / MAexp20: | +2.15% | |
Price / MAexp50: | +16.47% | |
Price / MAexp100: | +32.95% |
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 conversion of its existing covered bonds programme into a covered bonds programme compliant with the Legal Regime of Covered Bonds
- Banco Comercial Português, S.A. informs about minimum prudential requirements
- Banco Comercial Português, S.A. informs about the first 9M 2023 Report and Accounts
- Banco Comercial Português, S.A. informs about the upgrade of deposits and senior unsecured debt ratings by Moody’s
- 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
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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