UMG - 1H - Technical analysis published on 09/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 23.12 EUR
My targets
23.88 EUR (+1.57%)
24.02 EUR (+2.17%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on UMG. As long as you are above the support located at 23.12 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 23.88 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 24.02 EUR as an objective. Crossing it would then enable buyers to target 26.72 EUR. If the support 23.12 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UMG rating 23.51 EUR. On the day, this instrument gained +0.04% and was between 23.29 EUR and 23.60 EUR. This implies that the price is at +0.94% from its lowest and at -0.38% from its highest.23.29
23.60
23.51
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this UMG chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.97 | 23.12 | 23.46 | 23.51 | 23.58 | 23.88 | 24.02 |
| Change (%) | -2.30% | -1.66% | -0.21% | - | +0.30% | +1.57% | +2.17% |
| Change | -0.54 | -0.39 | -0.05 | - | +0.07 | +0.37 | +0.51 |
| Level | Intermediate | Minor | Minor | - | Minor | Minor | Major |
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 | 22.76 | 23.10 | 23.30 | 23.64 | 23.84 | 24.18 | 24.38 |
| Camarilla | 23.35 | 23.40 | 23.45 | 23.50 | 23.55 | 23.60 | 23.65 |
| Woodie | 22.69 | 23.07 | 23.23 | 23.61 | 23.77 | 24.15 | 24.31 |
| Fibonacci | 23.10 | 23.31 | 23.43 | 23.64 | 23.85 | 23.97 | 24.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.91 | 22.25 | 22.88 | 23.22 | 23.85 | 24.19 | 24.82 |
| Camarilla | 23.25 | 23.34 | 23.43 | 23.52 | 23.61 | 23.70 | 23.79 |
| Woodie | 22.07 | 22.32 | 23.04 | 23.29 | 24.01 | 24.26 | 24.98 |
| Fibonacci | 22.25 | 22.62 | 22.85 | 23.22 | 23.59 | 23.82 | 24.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.45 | 22.12 | 22.50 | 23.17 | 23.55 | 24.22 | 24.60 |
| Camarilla | 22.60 | 22.70 | 22.79 | 22.89 | 22.99 | 23.08 | 23.18 |
| Woodie | 21.32 | 22.05 | 22.37 | 23.10 | 23.42 | 24.15 | 24.47 |
| Fibonacci | 22.12 | 22.52 | 22.77 | 23.17 | 23.57 | 23.82 | 24.22 |
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): | 46.71 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -15.11 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 23.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.61 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 23.83 | |
| Zig ZAG (10): | 23.51 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 31.10 | |
| TEMA (21): | 23.51 | |
| Williams %R (14): | -68.12 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.52 |
| MA7: | 23.34 | |
| MA20: | 23.11 | |
| MA50: | 22.68 | |
| MA100: | 20.99 | |
| MAexp7: | 23.53 | |
| MAexp20: | 23.56 | |
| MAexp50: | 23.42 | |
| MAexp100: | 23.28 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | +1.73% | |
| Price / MA50: | +3.66% | |
| Price / MA100: | +12.01% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.99% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The latest news and videos published on UMG at the time of the analysis were as follows:
- Psychedelia And Blues-Infused Alt-Rock Up And Comers BLUPHORIA Release Self-Titled Debut Album via EDGEOUT Records / UMe / UMG
- BiondVax's Strategic Research Collaboration with Max Planck and UMG: Significant progress towards development of innovative nanosized antibodies (NanoAbs) for therapeutic indications in addition to COVID-19
- Engine Gaming & Media Announces Agreement to Divest Assets of UMG Gaming Subsidiary to Harena Data
- Engine Gaming & Media’s UMG Gaming Announces Season 1 of Lady Spartan Pro Series, $20,000 Female Halo Tournament Series
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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