UMG

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	UMG
ISIN:	NL0015000IY2

UMG - Daily - Technical analysis published on 11/28/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 23.41 EUR

My targets

25.54 EUR (+5.45%)

26.46 EUR (+9.25%)

My analysis

UMG 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 23.41 EUR. The next resistance located at 25.54 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 26.46 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

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.

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Additional analysis

Quotes

The UMG price is 24.22 EUR. The price registered a decrease of -0.29% on the session with the lowest point at 24.05 EUR and the highest point at 24.26 EUR. The deviation from the price is +0.71% for the low point and -0.16% for the high point.

24.05

24.26

24.22

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of UMG in Daily shows a strongly overall bullish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.55	21.57	23.41	24.22	24.31	25.54	26.46
Change (%)	-15.15%	-10.94%	-3.34%	-	+0.37%	+5.45%	+9.25%
Change	-3.67	-2.65	-0.81	-	+0.09	+1.32	+2.24
Level	Minor	Minor	Major	-	Major	Major	Minor

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	23.91	24.01	24.15	24.25	24.39	24.49	24.63
Camarilla	24.22	24.25	24.27	24.29	24.31	24.33	24.36
Woodie	23.93	24.02	24.17	24.26	24.41	24.50	24.65
Fibonacci	24.01	24.10	24.16	24.25	24.34	24.40	24.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.68	23.01	23.62	23.95	24.56	24.89	25.50
Camarilla	23.98	24.07	24.15	24.24	24.33	24.41	24.50
Woodie	22.83	23.08	23.77	24.02	24.71	24.96	25.65
Fibonacci	23.01	23.37	23.59	23.95	24.31	24.53	24.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.40	21.20	22.15	23.95	24.90	26.70	27.65
Camarilla	22.34	22.60	22.85	23.10	23.35	23.60	23.86
Woodie	18.98	20.99	21.73	23.74	24.48	26.49	27.23
Fibonacci	21.20	22.25	22.90	23.95	25.00	25.65	26.70

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):	53.95
MACD (12,26,9):	0.0300
Directional Movement:	3.39
AROON (14):	21.43
DEMA (21):	23.99
Parabolic SAR (0,02-0,02-0,2):	22.97
Elder Ray (13):	0.15
Super Trend (3,10):	24.92
Zig ZAG (10):	24.23
VORTEX (21):	1.0600
Stochastique (14,3,5):	69.45
TEMA (21):	24.02
Williams %R (14):	-32.85
Chande Momentum Oscillator (20):	0.70
Repulse (5,40,3):	1.5800
ROCnROLL:	1
TRIX (15,9):	-0.0500
Courbe Coppock:	4.89

MA7:	23.98
MA20:	23.79
MA50:	24.18
MA100:	23.46
MAexp7:	24.10
MAexp20:	23.99
MAexp50:	23.87
MAexp100:	23.32
Price / MA7:	+1.00%
Price / MA20:	+1.81%
Price / MA50:	+0.17%
Price / MA100:	+3.24%
Price / MAexp7:	+0.50%
Price / MAexp20:	+0.96%
Price / MAexp50:	+1.47%
Price / MAexp100:	+3.86%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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