UNICREDIT

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	UCG
ISIN:	IT0005239360

UNICREDIT - Daily - Technical analysis published on 07/05/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 20.550 EUR

My targets

23.752 EUR (+11.23%)

25.935 EUR (+21.45%)

My analysis

UNICREDIT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 20.550 EUR. The next resistance located at 23.752 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 25.935 EUR. After this resistance, buyers could then target 28.855 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. 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 UNICREDIT rating is 21.355 EUR. The price has increased by +1.07% since the last closing with the lowest point at 20.960 EUR and the highest point at 21.450 EUR. The deviation from the price is +1.88% for the low point and -0.44% for the high point.

20.960

21.450

21.355

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

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of UNICREDIT in Daily shows a strongly overall bullish trend. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

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:

Piercing line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.347	19.739	20.550	21.355	28.855	68.577	171.315
Change (%)	-14.09%	-7.57%	-3.77%	-	+35.12%	+221.13%	+702.22%
Change	-3.008	-1.616	-0.805	-	+7.500	+47.222	+149.960
Level	Intermediate	Major	Major	-	Intermediate	Minor	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	20.480	20.800	20.965	21.285	21.450	21.770	21.935
Camarilla	20.997	21.041	21.086	21.130	21.175	21.219	21.263
Woodie	20.403	20.761	20.888	21.246	21.373	21.731	21.858
Fibonacci	20.800	20.985	21.100	21.285	21.470	21.585	21.770

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.113	18.866	20.065	20.818	22.017	22.770	23.969
Camarilla	20.728	20.907	21.086	21.265	21.444	21.623	21.802
Woodie	18.337	18.978	20.289	20.930	22.241	22.882	24.193
Fibonacci	18.866	19.611	20.072	20.818	21.563	22.024	22.770

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.657	16.900	19.083	20.326	22.509	23.752	25.935
Camarilla	20.323	20.637	20.951	21.265	21.579	21.893	22.207
Woodie	16.126	17.135	19.552	20.561	22.978	23.987	26.404
Fibonacci	16.900	18.209	19.018	20.326	21.635	22.444	23.752

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	68.75
MACD (12,26,9):	0.6720
Directional Movement:	15.072
AROON (14):	78.571
DEMA (21):	21.068
Parabolic SAR (0,02-0,02-0,2):	20.522
Elder Ray (13):	0.578
Super Trend (3,10):	19.995
Zig ZAG (10):	21.345
VORTEX (21):	1.2280
Stochastique (14,3,5):	88.84
TEMA (21):	21.457
Williams %R (14):	-10.50
Chande Momentum Oscillator (20):	1.649
Repulse (5,40,3):	1.0370
ROCnROLL:	1
TRIX (15,9):	0.4020
Courbe Coppock:	22.54

MA7:	21.071
MA20:	19.980
MA50:	19.172
MA100:	18.712
MAexp7:	21.033
MAexp20:	20.254
MAexp50:	19.403
MAexp100:	18.351
Price / MA7:	+1.35%
Price / MA20:	+6.88%
Price / MA50:	+11.39%
Price / MA100:	+14.12%
Price / MAexp7:	+1.53%
Price / MAexp20:	+5.44%
Price / MAexp50:	+10.06%
Price / MAexp100:	+16.37%

Quotes : - 15 min delayed data - Italy Stocks

News

The latest news and videos published on UNICREDIT at the time of the analysis were as follows:

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

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Londinia AI

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