UMICORE - 1H - Technical analysis published on 02/07/2024 (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 bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 21.390 EUR
My targets
19.693 EUR (-4.54%)
18.897 EUR (-8.40%)
My analysis
The bearish trend is currently very strong for UMICORE. As long as the price remains below the resistance at 21.390 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 19.693 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.897 EUR as an objective. Crossing it would then enable sellers to target 17.035 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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Additional analysis
Quotes
The UMICORE rating is 20.630 EUR. On the day, this instrument lost -0.58% with the lowest point at 20.550 EUR and the highest point at 20.800 EUR. The deviation from the price is +0.39% for the low point and -0.82% for the high point.20.550
20.800
20.630
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UMICORE:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.794 | 12.542 | 17.035 | 20.630 | 20.690 | 21.390 | 21.797 |
| Change (%) | -81.61% | -39.21% | -17.43% | - | +0.29% | +3.68% | +5.66% |
| Change | -16.836 | -8.088 | -3.595 | - | +0.060 | +0.760 | +1.167 |
| Level | Minor | Intermediate | Major | - | 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 | 20.090 | 20.270 | 20.510 | 20.690 | 20.930 | 21.110 | 21.350 |
| Camarilla | 20.635 | 20.673 | 20.712 | 20.750 | 20.789 | 20.827 | 20.866 |
| Woodie | 20.120 | 20.285 | 20.540 | 20.705 | 20.960 | 21.125 | 21.380 |
| Fibonacci | 20.270 | 20.430 | 20.530 | 20.690 | 20.850 | 20.950 | 21.110 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.897 | 19.693 | 20.107 | 20.903 | 21.317 | 22.113 | 22.527 |
| Camarilla | 20.187 | 20.298 | 20.409 | 20.520 | 20.631 | 20.742 | 20.853 |
| Woodie | 18.705 | 19.598 | 19.915 | 20.808 | 21.125 | 22.018 | 22.335 |
| Fibonacci | 19.693 | 20.156 | 20.441 | 20.903 | 21.366 | 21.651 | 22.113 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.663 | 17.577 | 19.373 | 22.287 | 24.083 | 26.997 | 28.793 |
| Camarilla | 19.875 | 20.307 | 20.738 | 21.170 | 21.602 | 22.034 | 22.465 |
| Woodie | 14.105 | 17.298 | 18.815 | 22.008 | 23.525 | 26.718 | 28.235 |
| Fibonacci | 17.577 | 19.376 | 20.487 | 22.287 | 24.086 | 25.197 | 26.997 |
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): | 44.62 | |
| MACD (12,26,9): | -0.0450 | |
| Directional Movement: | -8.976 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 20.610 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.530 | |
| Elder Ray (13): | -0.022 | |
| Super Trend (3,10): | 20.954 | |
| Zig ZAG (10): | 20.630 | |
| VORTEX (21): | 0.9620 | |
| Stochastique (14,3,5): | 46.83 | |
| TEMA (21): | 20.645 | |
| Williams %R (14): | -57.14 | |
| Chande Momentum Oscillator (20): | 0.110 | |
| Repulse (5,40,3): | -0.1540 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0420 | |
| Courbe Coppock: | 0.65 |
| MA7: | 20.777 | |
| MA20: | 21.171 | |
| MA50: | 22.902 | |
| MA100: | 22.826 | |
| MAexp7: | 20.655 | |
| MAexp20: | 20.682 | |
| MAexp50: | 20.818 | |
| MAexp100: | 21.058 | |
| Price / MA7: | -0.71% | |
| Price / MA20: | -2.56% | |
| Price / MA50: | -9.92% | |
| Price / MA100: | -9.62% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.90% | |
| Price / MAexp100: | -2.03% |
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.
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