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 06/25/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

44%

39%

My opinion

Bullish above 27.54 EUR

My targets

29.14 EUR (+3.85%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 27.54 EUR remains possible. It is advisable to trade UMG with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 27.54 EUR. The next bullish objective for buyers is set at 29.14 EUR. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 27.54 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

1.6

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 rating is 28.06 EUR. The price registered an increase of +0.29% on the session and was between 27.77 EUR and 28.39 EUR. This implies that the price is at +1.04% from its lowest and at -1.16% from its highest.

27.77

28.39

28.06

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this UMG chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	24.08	26.53	27.54	28.06	28.21	29.14
Change (%)	-14.18%	-5.45%	-1.85%	-	+0.53%	+3.85%
Change	-3.98	-1.53	-0.52	-	+0.15	+1.08
Level	Minor	Intermediate	Major	-	Major	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	26.86	27.20	27.59	27.93	28.32	28.66	29.05
Camarilla	27.78	27.85	27.91	27.98	28.05	28.11	28.18
Woodie	26.89	27.21	27.62	27.94	28.35	28.67	29.08
Fibonacci	27.20	27.48	27.65	27.93	28.21	28.38	28.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.90	26.62	27.17	27.89	28.44	29.16	29.71
Camarilla	27.38	27.50	27.61	27.73	27.85	27.96	28.08
Woodie	25.83	26.58	27.10	27.85	28.37	29.12	29.64
Fibonacci	26.62	27.10	27.40	27.89	28.37	28.67	29.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.81	26.61	27.60	28.40	29.39	30.19	31.18
Camarilla	28.09	28.25	28.42	28.58	28.74	28.91	29.07
Woodie	25.90	26.66	27.69	28.45	29.48	30.24	31.27
Fibonacci	26.61	27.30	27.72	28.40	29.09	29.51	30.19

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):	47.13
MACD (12,26,9):	-0.0500
Directional Movement:	-6.92
AROON (14):	-28.57
DEMA (21):	28.22
Parabolic SAR (0,02-0,02-0,2):	28.65
Elder Ray (13):	-0.10
Super Trend (3,10):	27.46
Zig ZAG (10):	28.03
VORTEX (21):	0.9100
Stochastique (14,3,5):	32.77
TEMA (21):	28.00
Williams %R (14):	-60.67
Chande Momentum Oscillator (20):	-0.20
Repulse (5,40,3):	-0.9300
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	2.39

MA7:	28.04
MA20:	28.30
MA50:	28.05
MA100:	27.49
MAexp7:	28.07
MAexp20:	28.23
MAexp50:	28.02
MAexp100:	27.41
Price / MA7:	+0.07%
Price / MA20:	-0.85%
Price / MA50:	+0.04%
Price / MA100:	+2.07%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.60%
Price / MAexp50:	+0.14%
Price / MAexp100:	+2.37%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

Don't forget to follow the news on UMG. At the time of publication of this analysis, the latest news was as follows:

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

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