UCB

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	UCB
ISIN:	BE0003739530

UCB - Daily - Technical analysis published on 10/07/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

83%

17%

My opinion

Bullish above 71.73 EUR

My targets

76.35 EUR (+3.82%)

83.79 EUR (+13.94%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for UCB as long as the price remains well above 71.73 EUR. The buyers' bullish objective is set at 76.35 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 83.79 EUR. If there is any crossing, the next objective would be the resistance located at 88.38 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 76.35 EUR. On this resistance, against the trend traders who would like to go short on UCB with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 UCB price is 73.54 EUR. The price has increased by +0.49% since the last closing and was between 72.86 EUR and 73.66 EUR. This implies that the price is at +0.93% from its lowest and at -0.16% from its highest.

72.86

73.66

73.54

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 for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this UCB chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

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 : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	59.05	66.15	71.73	73.54	76.35	83.79	88.38
Change (%)	-19.70%	-10.05%	-2.46%	-	+3.82%	+13.94%	+20.18%
Change	-14.49	-7.39	-1.81	-	+2.81	+10.25	+14.84
Level	Major	Major	Major	-	Major	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	70.38	70.94	72.06	72.62	73.74	74.30	75.42
Camarilla	72.72	72.87	73.03	73.18	73.33	73.49	73.64
Woodie	70.66	71.08	72.34	72.76	74.02	74.44	75.70
Fibonacci	70.94	71.58	71.98	72.62	73.26	73.66	74.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.06	67.28	69.20	70.42	72.34	73.56	75.48
Camarilla	70.26	70.54	70.83	71.12	71.41	71.70	71.98
Woodie	66.41	67.46	69.55	70.60	72.69	73.74	75.83
Fibonacci	67.28	68.48	69.22	70.42	71.62	72.36	73.56

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.73	64.17	67.65	70.09	73.57	76.01	79.49
Camarilla	69.49	70.04	70.58	71.12	71.66	72.21	72.75
Woodie	62.24	64.43	68.16	70.35	74.08	76.27	80.00
Fibonacci	64.17	66.44	67.83	70.09	72.36	73.75	76.01

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):	61.43
MACD (12,26,9):	0.3500
Directional Movement:	4.96
AROON (14):	64.28
DEMA (21):	71.12
Parabolic SAR (0,02-0,02-0,2):	69.42
Elder Ray (13):	1.86
Super Trend (3,10):	68.63
Zig ZAG (10):	73.64
VORTEX (21):	1.0600
Stochastique (14,3,5):	87.06
TEMA (21):	72.62
Williams %R (14):	-1.96
Chande Momentum Oscillator (20):	5.46
Repulse (5,40,3):	2.9800
ROCnROLL:	-1
TRIX (15,9):	-0.0600
Courbe Coppock:	9.13

MA7:	72.16
MA20:	70.24
MA50:	71.32
MA100:	76.62
MAexp7:	72.16
MAexp20:	71.05
MAexp50:	72.71
MAexp100:	77.50
Price / MA7:	+1.91%
Price / MA20:	+4.70%
Price / MA50:	+3.11%
Price / MA100:	-4.02%
Price / MAexp7:	+1.91%
Price / MAexp20:	+3.50%
Price / MAexp50:	+1.14%
Price / MAexp100:	-5.11%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

Don't forget to follow the news on UCB. 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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