UMICORE - Daily - Technical analysis published on 01/05/2024 (GMT)
- 112
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
11%
44%
44%
My opinion
Neutral between 23.25 EUR and 24.60 EUR
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 24.60 EUR. The first support is located at 23.25 EUR. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UMICORE rating 24.17 EUR. The price has increased by +2.42% since the last closing and was traded between 23.68 EUR and 24.26 EUR over the period. The price is currently at +2.07% from its lowest and -0.37% from its highest.23.68
24.26
24.17
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this UMICORE chart shows a slightly bullish trend. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
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 positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
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 triangle
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.39 | 22.23 | 23.25 | 24.17 | 24.60 | 25.73 | 27.64 |
| Change (%) | -11.50% | -8.03% | -3.81% | - | +1.78% | +6.45% | +14.36% |
| Change | -2.78 | -1.94 | -0.92 | - | +0.43 | +1.56 | +3.47 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 23.23 | 23.46 | 23.81 | 24.04 | 24.39 | 24.62 | 24.97 |
| Camarilla | 24.01 | 24.06 | 24.12 | 24.17 | 24.22 | 24.28 | 24.33 |
| Woodie | 23.30 | 23.49 | 23.88 | 24.07 | 24.46 | 24.65 | 25.04 |
| Fibonacci | 23.46 | 23.68 | 23.82 | 24.04 | 24.26 | 24.40 | 24.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.28 | 24.54 | 24.72 | 24.98 | 25.16 | 25.42 | 25.60 |
| Camarilla | 24.78 | 24.82 | 24.86 | 24.90 | 24.94 | 24.98 | 25.02 |
| Woodie | 24.24 | 24.52 | 24.68 | 24.96 | 25.12 | 25.40 | 25.56 |
| Fibonacci | 24.54 | 24.71 | 24.81 | 24.98 | 25.15 | 25.25 | 25.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.56 | 21.57 | 23.23 | 24.24 | 25.90 | 26.91 | 28.57 |
| Camarilla | 24.17 | 24.41 | 24.66 | 24.90 | 25.15 | 25.39 | 25.63 |
| Woodie | 20.90 | 21.73 | 23.57 | 24.40 | 26.24 | 27.07 | 28.91 |
| Fibonacci | 21.57 | 22.59 | 23.22 | 24.24 | 25.26 | 25.89 | 26.91 |
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): | 49.66 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | -7.78 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 24.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.20 | |
| Elder Ray (13): | -0.44 | |
| Super Trend (3,10): | 23.44 | |
| Zig ZAG (10): | 24.17 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 40.45 | |
| TEMA (21): | 24.59 | |
| Williams %R (14): | -55.73 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | -1.6800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 5.12 |
| MA7: | 24.56 | |
| MA20: | 24.31 | |
| MA50: | 23.69 | |
| MA100: | 23.37 | |
| MAexp7: | 24.39 | |
| MAexp20: | 24.32 | |
| MAexp50: | 23.94 | |
| MAexp100: | 24.17 | |
| Price / MA7: | -1.59% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | +2.03% | |
| Price / MA100: | +3.42% | |
| Price / MAexp7: | -0.90% | |
| Price / MAexp20: | -0.62% | |
| Price / MAexp50: | +0.96% | |
| Price / MAexp100: | -0% |
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:
- 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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