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 04/13/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

39%

My opinion

Bearish under 31.21 EUR

My targets

29.24 EUR (-2.31%)

27.12 EUR (-9.40%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on UMICORE as long as the price remains well below 31.21 EUR. The sellers' bearish objective is set at 29.24 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 27.12 EUR. In case of crossing, the next objective would be the support located at 23.94 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.6

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 UMICORE rating is 29.93 EUR. On the day, this instrument lost -0.27% and was traded between 29.77 EUR and 30.12 EUR over the period. The price is currently at +0.54% from its lowest and -0.63% from its highest.

29.77

30.12

29.93

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

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of UMICORE in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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	R3
ProTrendLines	17.54	23.94	29.24	29.93	31.21	32.39	34.00
Change (%)	-41.40%	-20.01%	-2.31%	-	+4.28%	+8.22%	+13.60%
Change	-12.39	-5.99	-0.69	-	+1.28	+2.46	+4.07
Level	Intermediate	Major	Major	-	Intermediate	Minor	Minor

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	29.26	29.48	29.75	29.97	30.24	30.46	30.73
Camarilla	29.88	29.92	29.97	30.01	30.06	30.10	30.15
Woodie	29.28	29.49	29.77	29.98	30.26	30.47	30.75
Fibonacci	29.48	29.67	29.79	29.97	30.16	30.28	30.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.69	28.04	28.77	30.12	30.85	32.20	32.93
Camarilla	28.93	29.12	29.31	29.50	29.69	29.88	30.07
Woodie	26.38	27.89	28.46	29.97	30.54	32.05	32.62
Fibonacci	28.04	28.84	29.33	30.12	30.92	31.41	32.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.41	27.12	29.16	30.87	32.91	34.62	36.66
Camarilla	30.18	30.52	30.87	31.21	31.55	31.90	32.24
Woodie	25.59	27.20	29.34	30.95	33.09	34.70	36.84
Fibonacci	27.12	28.55	29.43	30.87	32.30	33.18	34.62

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):	43.42
MACD (12,26,9):	-0.3700
Directional Movement:	-10.69
AROON (14):	42.85
DEMA (21):	29.74
Parabolic SAR (0,02-0,02-0,2):	31.35
Elder Ray (13):	-0.20
Super Trend (3,10):	31.84
Zig ZAG (10):	29.94
VORTEX (21):	0.9500
Stochastique (14,3,5):	33.63
TEMA (21):	29.95
Williams %R (14):	-70.14
Chande Momentum Oscillator (20):	0.45
Repulse (5,40,3):	-1.6200
ROCnROLL:	2
TRIX (15,9):	-0.2100
Courbe Coppock:	1.85

MA7:	30.09
MA20:	30.01
MA50:	31.41
MA100:	33.07
MAexp7:	30.04
MAexp20:	30.31
MAexp50:	31.27
MAexp100:	32.29
Price / MA7:	-0.53%
Price / MA20:	-0.27%
Price / MA50:	-4.71%
Price / MA100:	-9.50%
Price / MAexp7:	-0.37%
Price / MAexp20:	-1.25%
Price / MAexp50:	-4.29%
Price / MAexp100:	-7.31%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The last news published on UMICORE at the time of the generation of this analysis was as follows:

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

About author

Londinia AI

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