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 08/04/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 27.87 EUR

My targets

26.00 EUR (-3.74%)

24.94 EUR (-7.66%)

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 27.87 EUR remains possible. It is advisable to trade UMICORE with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 27.87 EUR. The next bearish objective for sellers is set at 26.00 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.94 EUR. In case of crossing, the next objective would be the support located at 23.50 EUR. PS: if there is a bullish break in the resistance located at 27.87 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

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

UMICORE rating 27.01 EUR. The price is lower by -0.07% since the last closing and was traded between 26.78 EUR and 27.05 EUR over the period. The price is currently at +0.86% from its lowest and -0.15% from its highest.

26.78

27.05

27.01

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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

Technical analysis of UMICORE in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bearish and bullish signals:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

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	23.50	24.94	26.00	27.01	27.87	28.70	30.64
Change (%)	-13.00%	-7.66%	-3.74%	-	+3.18%	+6.26%	+13.44%
Change	-3.51	-2.07	-1.01	-	+0.86	+1.69	+3.63
Level	Intermediate	Major	Minor	-	Major	Intermediate	Minor

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	25.91	26.14	26.58	26.81	27.25	27.48	27.92
Camarilla	26.85	26.91	26.97	27.03	27.09	27.15	27.21
Woodie	26.03	26.19	26.70	26.86	27.37	27.53	28.04
Fibonacci	26.14	26.39	26.55	26.81	27.06	27.22	27.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.34	26.68	27.14	27.48	27.94	28.28	28.74
Camarilla	27.37	27.44	27.52	27.59	27.66	27.74	27.81
Woodie	26.39	26.71	27.19	27.51	27.99	28.31	28.79
Fibonacci	26.68	26.99	27.18	27.48	27.79	27.98	28.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.86	23.39	25.15	26.68	28.44	29.97	31.73
Camarilla	26.02	26.32	26.62	26.92	27.22	27.52	27.83
Woodie	21.99	23.45	25.28	26.74	28.57	30.03	31.86
Fibonacci	23.39	24.64	25.42	26.68	27.93	28.71	29.97

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):	50.93
MACD (12,26,9):	0.1000
Directional Movement:	-3.68
AROON (14):	-64.28
DEMA (21):	27.12
Parabolic SAR (0,02-0,02-0,2):	27.90
Elder Ray (13):	-0.15
Super Trend (3,10):	26.14
Zig ZAG (10):	27.01
VORTEX (21):	1.1300
Stochastique (14,3,5):	36.08
TEMA (21):	27.31
Williams %R (14):	-60.82
Chande Momentum Oscillator (20):	-0.74
Repulse (5,40,3):	2.5100
ROCnROLL:	2
TRIX (15,9):	0.0900
Courbe Coppock:	1.87

MA7:	27.09
MA20:	27.09
MA50:	26.76
MA100:	27.92
MAexp7:	27.05
MAexp20:	26.99
MAexp50:	27.16
MAexp100:	28.06
Price / MA7:	-0.30%
Price / MA20:	-0.30%
Price / MA50:	+0.93%
Price / MA100:	-3.26%
Price / MAexp7:	-0.15%
Price / MAexp20:	+0.07%
Price / MAexp50:	-0.55%
Price / MAexp100:	-3.74%

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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