UMICORE

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	UMI
ISIN:	BE0974320526

UMICORE - 1H - Technical analysis published on 02/07/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

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

6.1

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 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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

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:

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

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