UMICORE - 1H - Technical analysis published on 12/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 23.71 EUR
My targets
24.36 EUR (+1.25%)
24.63 EUR (+2.37%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on UMICORE as long as the price remains well above 23.71 EUR. The buyers' bullish objective is set at 24.36 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.63 EUR. If there is any crossing, the next objective would be the resistance located at 24.86 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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 24.06 EUR. On the day, this instrument lost -0.17% and was between 23.80 EUR and 24.15 EUR. This implies that the price is at +1.09% from its lowest and at -0.37% from its highest.23.80
24.15
24.06
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UMICORE:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of UMICORE indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.02 | 23.25 | 23.71 | 24.06 | 24.14 | 24.36 | 24.63 |
| Change (%) | -4.32% | -3.37% | -1.45% | - | +0.33% | +1.25% | +2.37% |
| Change | -1.04 | -0.81 | -0.35 | - | +0.08 | +0.30 | +0.57 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
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 | 22.89 | 23.15 | 23.63 | 23.89 | 24.37 | 24.63 | 25.11 |
| Camarilla | 23.90 | 23.96 | 24.03 | 24.10 | 24.17 | 24.24 | 24.30 |
| Woodie | 22.99 | 23.21 | 23.73 | 23.95 | 24.47 | 24.69 | 25.21 |
| Fibonacci | 23.15 | 23.44 | 23.61 | 23.89 | 24.18 | 24.35 | 24.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.47 | 22.02 | 23.06 | 23.61 | 24.65 | 25.20 | 26.24 |
| Camarilla | 23.66 | 23.81 | 23.95 | 24.10 | 24.25 | 24.39 | 24.54 |
| Woodie | 21.72 | 22.14 | 23.31 | 23.73 | 24.90 | 25.32 | 26.49 |
| Fibonacci | 22.02 | 22.63 | 23.00 | 23.61 | 24.22 | 24.59 | 25.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.25 | 21.18 | 22.86 | 23.79 | 25.47 | 26.40 | 28.08 |
| Camarilla | 23.81 | 24.05 | 24.29 | 24.53 | 24.77 | 25.01 | 25.25 |
| Woodie | 20.62 | 21.37 | 23.23 | 23.98 | 25.84 | 26.59 | 28.45 |
| Fibonacci | 21.18 | 22.18 | 22.80 | 23.79 | 24.79 | 25.41 | 26.40 |
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): | 61.50 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 0.32 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 24.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.87 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 23.57 | |
| Zig ZAG (10): | 24.11 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 88.66 | |
| TEMA (21): | 24.20 | |
| Williams %R (14): | -8.33 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 0.5200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.92 |
| MA7: | 23.68 | |
| MA20: | 23.71 | |
| MA50: | 23.10 | |
| MA100: | 23.66 | |
| MAexp7: | 24.06 | |
| MAexp20: | 23.91 | |
| MAexp50: | 23.76 | |
| MAexp100: | 23.71 | |
| Price / MA7: | +1.60% | |
| Price / MA20: | +1.48% | |
| Price / MA50: | +4.16% | |
| Price / MA100: | +1.69% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +1.26% | |
| Price / MAexp100: | +1.48% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on UMICORE. At the time of publication of this analysis, the latest news was as follows:
- Ignitis Group and Umicore Poland sign a corporate PPA for 137 MW Silesia WF II
- Ignitis Group and Umicore Poland sign a corporate PPA for 137 MW Silesia WF II
- Umicore share split
- Umicore - Acquisition of own shares
- Transparency notification by Schroders, plc: Acquisition of voting securities
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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