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 09/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 10.970 EUR

My targets

11.640 EUR (+3.65%)

12.647 EUR (+12.62%)

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 10.970 EUR. The buyers' bullish objective is set at 11.640 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.647 EUR. If there is any crossing, the next objective would be the resistance located at 13.186 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

8.6

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 11.230 EUR. On the day, this instrument gained +4.27% and was traded between 11.000 EUR and 11.320 EUR over the period. The price is currently at +2.09% from its lowest and -0.80% from its highest.

11.000

11.320

11.230

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on UMICORE were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this UMICORE chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.414	10.628	10.970	11.230	11.272	11.640	13.186
Change (%)	-7.27%	-5.36%	-2.32%	-	+0.37%	+3.65%	+17.42%
Change	-0.816	-0.602	-0.260	-	+0.042	+0.410	+1.956
Level	Intermediate	Intermediate	Minor	-	Minor	Intermediate	Intermediate

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	10.077	10.243	10.507	10.673	10.937	11.103	11.367
Camarilla	10.652	10.691	10.731	10.770	10.809	10.849	10.888
Woodie	10.125	10.268	10.555	10.698	10.985	11.128	11.415
Fibonacci	10.243	10.408	10.509	10.673	10.838	10.939	11.103

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.687	9.503	10.007	10.823	11.327	12.143	12.647
Camarilla	10.147	10.268	10.389	10.510	10.631	10.752	10.873
Woodie	8.530	9.425	9.850	10.745	11.170	12.065	12.490
Fibonacci	9.503	10.008	10.319	10.823	11.328	11.639	12.143

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.792	9.763	10.581	11.552	12.370	13.341	14.159
Camarilla	10.908	11.072	11.236	11.400	11.564	11.728	11.892
Woodie	8.717	9.725	10.506	11.514	12.295	13.303	14.084
Fibonacci	9.763	10.446	10.868	11.552	12.235	12.657	13.341

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):	67.00
MACD (12,26,9):	0.0490
Directional Movement:	20.518
AROON (14):	71.428
DEMA (21):	10.921
Parabolic SAR (0,02-0,02-0,2):	10.647
Elder Ray (13):	0.350
Super Trend (3,10):	10.862
Zig ZAG (10):	11.260
VORTEX (21):	0.9130
Stochastique (14,3,5):	95.15
TEMA (21):	10.944
Williams %R (14):	-7.69
Chande Momentum Oscillator (20):	0.740
Repulse (5,40,3):	1.1600
ROCnROLL:	1
TRIX (15,9):	-0.0610
Courbe Coppock:	4.41

MA7:	10.864
MA20:	10.661
MA50:	11.514
MA100:	13.839
MAexp7:	11.016
MAexp20:	10.886
MAexp50:	10.807
MAexp100:	10.712
Price / MA7:	+3.37%
Price / MA20:	+5.34%
Price / MA50:	-2.47%
Price / MA100:	-18.85%
Price / MAexp7:	+1.94%
Price / MAexp20:	+3.16%
Price / MAexp50:	+3.91%
Price / MAexp100:	+4.84%

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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