UCB - 1H - Technical analysis published on 11/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
6%
56%
My opinion
Bearish under 75.23 EUR
My targets
73.91 EUR (-0.82%)
73.26 EUR (-1.69%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 75.23 EUR remains possible. It is advisable to trade UCB with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 75.23 EUR. The next bearish objective for sellers is set at 73.91 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 73.26 EUR. In case of crossing, the next objective would be the support located at 72.65 EUR. PS: if there is a bullish break in the resistance located at 75.23 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UCB rating 74.52 EUR. The price is lower by -0.32% since the last closing and was traded between 74.08 EUR and 74.92 EUR over the period. The price is currently at +0.59% from its lowest and -0.53% from its highest.74.08
74.92
74.52
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this UCB chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 72.65 | 73.26 | 73.91 | 74.52 | 74.60 | 75.23 | 76.35 |
| Change (%) | -2.51% | -1.69% | -0.82% | - | +0.11% | +0.95% | +2.46% |
| Change | -1.87 | -1.26 | -0.61 | - | +0.08 | +0.71 | +1.83 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.75 | 72.53 | 73.65 | 74.43 | 75.55 | 76.33 | 77.45 |
| Camarilla | 74.24 | 74.41 | 74.59 | 74.76 | 74.93 | 75.11 | 75.28 |
| Woodie | 71.91 | 72.62 | 73.81 | 74.52 | 75.71 | 76.42 | 77.61 |
| Fibonacci | 72.53 | 73.26 | 73.71 | 74.43 | 75.16 | 75.61 | 76.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.19 | 69.85 | 71.67 | 75.33 | 77.15 | 80.81 | 82.63 |
| Camarilla | 71.99 | 72.50 | 73.00 | 73.50 | 74.00 | 74.51 | 75.01 |
| Woodie | 65.28 | 69.39 | 70.76 | 74.87 | 76.24 | 80.35 | 81.72 |
| Fibonacci | 69.85 | 71.94 | 73.23 | 75.33 | 77.42 | 78.71 | 80.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.28 | 66.92 | 71.62 | 74.26 | 78.96 | 81.60 | 86.30 |
| Camarilla | 74.30 | 74.97 | 75.65 | 76.32 | 76.99 | 77.67 | 78.34 |
| Woodie | 65.31 | 67.44 | 72.65 | 74.78 | 79.99 | 82.12 | 87.33 |
| Fibonacci | 66.92 | 69.72 | 71.46 | 74.26 | 77.06 | 78.80 | 81.60 |
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): | 48.72 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -6.46 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 74.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.13 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 73.06 | |
| Zig ZAG (10): | 74.42 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 64.09 | |
| TEMA (21): | 74.49 | |
| Williams %R (14): | -41.05 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.55 |
| MA7: | 75.42 | |
| MA20: | 75.27 | |
| MA50: | 72.86 | |
| MA100: | 74.78 | |
| MAexp7: | 74.49 | |
| MAexp20: | 74.46 | |
| MAexp50: | 74.86 | |
| MAexp100: | 75.13 | |
| Price / MA7: | -1.19% | |
| Price / MA20: | -1.00% | |
| Price / MA50: | +2.28% | |
| Price / MA100: | -0.35% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.81% |
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:
- UCB announces U.S. FDA acceptance of new drug application and EMA MAA validation for zilucoplan for the treatment of generalized myasthenia gravis in adult patients
- Bimekizumab Demonstrated Sustained Clinical Responses to Week 52 in Phase 3 Studies in Psoriatic Arthritis, Non-Radiographic Axial Spondyloarthritis, and Ankylosing Spondylitis
- UCB Reinforces Commitment to Rheumatology With 15 Abstracts Including New Late-Breaking Data at ACR Convergence 2022
- UCB U.S. HEADQUARTERS IN ATLANTA AWARDED PRESTIGIOUS LEED GOLD AND WELL PLATINUM CERTIFICATIONS
- UCB presents latest data from generalized myasthenia gravis portfolio at AANEM meeting
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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