BPER BANCA - Daily - Technical analysis published on 08/20/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 4.599 EUR
My targets
5.294 EUR (+6.41%)
5.505 EUR (+10.65%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4.599 EUR remains possible. It is advisable to trade BPER BANCA with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.599 EUR. The next bullish objective for buyers is set at 5.294 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.505 EUR. PS: if there is a bearish break in the support located at 4.599 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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Additional analysis
Quotes
BPER BANCA rating 4.975 EUR. On the day, this instrument lost -0.54% and was between 4.963 EUR and 5.040 EUR. This implies that the price is at +0.24% from its lowest and at -1.29% from its highest.4.963
5.040
4.975
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BPER BANCA in Daily shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.850 | 3.387 | 4.218 | 4.975 | 4.994 | 5.294 | 5.505 |
| Change (%) | -42.71% | -31.92% | -15.22% | - | +0.38% | +6.41% | +10.65% |
| Change | -2.125 | -1.588 | -0.757 | - | +0.019 | +0.319 | +0.530 |
| Level | Minor | Major | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.868 | 4.918 | 4.960 | 5.010 | 5.052 | 5.102 | 5.144 |
| Camarilla | 4.977 | 4.985 | 4.994 | 5.002 | 5.010 | 5.019 | 5.027 |
| Woodie | 4.864 | 4.916 | 4.956 | 5.008 | 5.048 | 5.100 | 5.140 |
| Fibonacci | 4.918 | 4.953 | 4.975 | 5.010 | 5.045 | 5.067 | 5.102 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.472 | 4.569 | 4.759 | 4.856 | 5.046 | 5.143 | 5.333 |
| Camarilla | 4.869 | 4.895 | 4.922 | 4.948 | 4.974 | 5.001 | 5.027 |
| Woodie | 4.518 | 4.592 | 4.805 | 4.879 | 5.092 | 5.166 | 5.379 |
| Fibonacci | 4.569 | 4.679 | 4.747 | 4.856 | 4.966 | 5.034 | 5.143 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.334 | 4.599 | 5.001 | 5.266 | 5.668 | 5.933 | 6.335 |
| Camarilla | 5.219 | 5.280 | 5.341 | 5.402 | 5.463 | 5.524 | 5.585 |
| Woodie | 4.402 | 4.633 | 5.069 | 5.300 | 5.736 | 5.967 | 6.403 |
| Fibonacci | 4.599 | 4.854 | 5.012 | 5.266 | 5.521 | 5.679 | 5.933 |
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): | 50.05 | |
| MACD (12,26,9): | -0.0620 | |
| Directional Movement: | -2.869 | |
| AROON (14): | -21.428 | |
| DEMA (21): | 4.898 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.060 | |
| Elder Ray (13): | 0.075 | |
| Super Trend (3,10): | 5.204 | |
| Zig ZAG (10): | 4.986 | |
| VORTEX (21): | 0.9170 | |
| Stochastique (14,3,5): | 46.80 | |
| TEMA (21): | 4.803 | |
| Williams %R (14): | -52.50 | |
| Chande Momentum Oscillator (20): | -0.138 | |
| Repulse (5,40,3): | -0.2230 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1650 | |
| Courbe Coppock: | 18.08 |
| MA7: | 4.852 | |
| MA20: | 5.048 | |
| MA50: | 4.977 | |
| MA100: | 4.753 | |
| MAexp7: | 4.903 | |
| MAexp20: | 4.966 | |
| MAexp50: | 4.942 | |
| MAexp100: | 4.682 | |
| Price / MA7: | +2.54% | |
| Price / MA20: | -1.45% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | +4.67% | |
| Price / MAexp7: | +1.47% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.67% | |
| Price / MAexp100: | +6.26% |
Quotes :
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15 min delayed data
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Italy Stocks
News
The latest news and videos published on BPER BANCA at the time of the analysis were as follows:
BPER BancaThis 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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