UMICORE

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	UMI
ISIN:	BE0974320526

UMICORE - Daily - Technical analysis published on 08/18/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

11%

44%

My opinion

Bearish under 36.29 EUR

My targets

32.59 EUR (-6.19%)

31.45 EUR (-9.47%)

My analysis

The bearish basic trend is very strong on UMICORE but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 36.29 EUR. Crossing the first support at 32.59 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 31.45 EUR as an objective. Crossing it would then enable sellers to target 27.10 EUR. Caution, a return to above the resistance located at 36.29 EUR would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

Force

6.1

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The UMICORE price is 34.74 EUR. The price registered an increase of +0.84% on the session with the lowest point at 34.64 EUR and the highest point at 34.93 EUR. The deviation from the price is +0.29% for the low point and -0.54% for the high point.

34.64

34.93

34.74

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

Here is a more detailed summary of the historical variations registered by UMICORE:

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 this Daily chart of UMICORE indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, only 8 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.45	32.59	34.71	34.74	36.29	41.05	42.16
Change (%)	-9.47%	-6.19%	-0.09%	-	+4.46%	+18.16%	+21.36%
Change	-3.29	-2.15	-0.03	-	+1.55	+6.31	+7.42
Level	Major	Intermediate	Intermediate	-	Major	Major	Intermediate

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	31.32	32.88	33.67	35.23	36.02	37.58	38.37
Camarilla	33.80	34.02	34.24	34.45	34.67	34.88	35.10
Woodie	30.93	32.69	33.28	35.04	35.63	37.39	37.98
Fibonacci	32.88	33.78	34.34	35.23	36.13	36.69	37.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.34	34.47	35.31	36.44	37.28	38.41	39.25
Camarilla	35.61	35.79	35.97	36.15	36.33	36.51	36.69
Woodie	33.20	34.40	35.17	36.37	37.14	38.34	39.11
Fibonacci	34.47	35.22	35.69	36.44	37.19	37.66	38.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.40	28.79	32.07	34.46	37.74	40.13	43.41
Camarilla	33.80	34.32	34.84	35.36	35.88	36.40	36.92
Woodie	26.86	29.01	32.53	34.68	38.20	40.35	43.87
Fibonacci	28.79	30.95	32.29	34.46	36.62	37.96	40.13

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):	47.27
MACD (12,26,9):	0.3000
Directional Movement:	1.38
AROON (14):	21.43
DEMA (21):	35.80
Parabolic SAR (0,02-0,02-0,2):	37.64
Elder Ray (13):	-0.84
Super Trend (3,10):	33.30
Zig ZAG (10):	34.92
VORTEX (21):	1.0200
Stochastique (14,3,5):	32.40
TEMA (21):	36.33
Williams %R (14):	-86.50
Chande Momentum Oscillator (20):	-0.69
Repulse (5,40,3):	-5.5500
ROCnROLL:	2
TRIX (15,9):	0.1900
Courbe Coppock:	8.96

MA7:	35.98
MA20:	35.33
MA50:	34.83
MA100:	37.04
MAexp7:	35.59
MAexp20:	35.42
MAexp50:	35.55
MAexp100:	36.48
Price / MA7:	-3.45%
Price / MA20:	-1.67%
Price / MA50:	-0.26%
Price / MA100:	-6.21%
Price / MAexp7:	-2.39%
Price / MAexp20:	-1.92%
Price / MAexp50:	-2.28%
Price / MAexp100:	-4.77%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on UMICORE 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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