PHARMING GROUP - 1H - Technical analysis published on 12/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.7645 EUR
My targets
0.8033 EUR (+3.65%)
0.8457 EUR (+9.12%)
My analysis
The bullish trend is currently very strong on PHARMING GROUP. As long as the price remains above the support at 0.7645 EUR, you could try to benefit from the boom. The first bullish objective is located at 0.8033 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8457 EUR as an objective. Crossing it would then enable buyers to target 0.9228 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
0
10
8.8
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PHARMING GROUP price is 0.7750 EUR. The price registered an increase of +5.44% on the session with the lowest point at 0.7580 EUR and the highest point at 0.7800 EUR. The deviation from the price is +2.24% for the low point and -0.64% for the high point.0.7580
0.7800
0.7750
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of PHARMING GROUP in 1H shows a strongly overall 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7363 | 0.7490 | 0.7645 | 0.7750 | 0.8033 | 0.9228 | 1.0107 |
| Change (%) | -4.99% | -3.35% | -1.35% | - | +3.65% | +19.07% | +30.41% |
| Change | -0.0387 | -0.0260 | -0.0105 | - | +0.0283 | +0.1478 | +0.2357 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Minor |
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 | 0.7050 | 0.7110 | 0.7230 | 0.7290 | 0.7410 | 0.7470 | 0.7590 |
| Camarilla | 0.7301 | 0.7317 | 0.7334 | 0.7350 | 0.7367 | 0.7383 | 0.7400 |
| Woodie | 0.7080 | 0.7125 | 0.7260 | 0.7305 | 0.7440 | 0.7485 | 0.7620 |
| Fibonacci | 0.7110 | 0.7179 | 0.7221 | 0.7290 | 0.7359 | 0.7401 | 0.7470 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6750 | 0.6870 | 0.7110 | 0.7230 | 0.7470 | 0.7590 | 0.7830 |
| Camarilla | 0.7251 | 0.7284 | 0.7317 | 0.7350 | 0.7383 | 0.7416 | 0.7449 |
| Woodie | 0.6810 | 0.6900 | 0.7170 | 0.7260 | 0.7530 | 0.7620 | 0.7890 |
| Fibonacci | 0.6870 | 0.7008 | 0.7093 | 0.7230 | 0.7368 | 0.7453 | 0.7590 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5683 | 0.6257 | 0.6783 | 0.7357 | 0.7883 | 0.8457 | 0.8983 |
| Camarilla | 0.7008 | 0.7108 | 0.7209 | 0.7310 | 0.7411 | 0.7512 | 0.7613 |
| Woodie | 0.5660 | 0.6245 | 0.6760 | 0.7345 | 0.7860 | 0.8445 | 0.8960 |
| Fibonacci | 0.6257 | 0.6677 | 0.6937 | 0.7357 | 0.7777 | 0.8037 | 0.8457 |
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): | 68.15 | |
| MACD (12,26,9): | 0.0036 | |
| Directional Movement: | 14.1809 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 0.7277 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7238 | |
| Elder Ray (13): | 0.0062 | |
| Super Trend (3,10): | 0.7162 | |
| Zig ZAG (10): | 0.7350 | |
| VORTEX (21): | 1.1416 | |
| Stochastique (14,3,5): | 92.30 | |
| TEMA (21): | 0.7314 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0180 | |
| Repulse (5,40,3): | 1.4096 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0371 | |
| Courbe Coppock: | 3.80 |
| MA7: | 0.7220 | |
| MA20: | 0.7188 | |
| MA50: | 0.7524 | |
| MA100: | 0.7346 | |
| MAexp7: | 0.7292 | |
| MAexp20: | 0.7239 | |
| MAexp50: | 0.7213 | |
| MAexp100: | 0.7214 | |
| Price / MA7: | +7.34% | |
| Price / MA20: | +7.82% | |
| Price / MA50: | +3.00% | |
| Price / MA100: | +5.50% | |
| Price / MAexp7: | +6.28% | |
| Price / MAexp20: | +7.06% | |
| Price / MAexp50: | +7.44% | |
| Price / MAexp100: | +7.43% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
Don't forget to follow the news on PHARMING GROUP. At the time of publication of this analysis, the latest news was as follows:
- Pharming Group to participate in November investor conference
- Pharming Group reports third quarter 2024 financial results and provides business update
- Pharming Group to report third quarter 2024 financial results on October 24
- Pharming Group announces start of Phase II clinical trial of leniolisib for primary immunodeficiencies (PIDs) with immune dysregulation
- Pharming announces marketing authorization in the U.K. for Joenja® (leniolisib)
This 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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