BREMBO

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BRE
ISIN:	NL0015001KT6

BREMBO - 1H - Technical analysis published on 07/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 10.501 EUR

My targets

10.803 EUR (+2.24%)

10.902 EUR (+3.18%)

My analysis

The strong short-term increase for BREMBO reinforces the current slightly bullish trend. As long as the price remains above 10.501 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 10.803 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.902 EUR as an objective. Crossing it would then enable buyers to target 11.460 EUR. A return to 10.501 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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

3.4

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BREMBO rating is 10.566 EUR. The price has increased by +5.66% since the last closing and was between 9.768 EUR and 10.618 EUR. This implies that the price is at +8.17% from its lowest and at -0.49% from its highest.

9.768

10.618

10.566

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BREMBO indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase are moderate 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

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

White morning star

Type : Bullish

Timeframe : 1 hour

White line without lower shadow

Type : Bullish

Timeframe : 1 hour

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.090	10.256	10.501	10.566	10.803	10.902	11.460
Change (%)	-4.51%	-2.93%	-0.62%	-	+2.24%	+3.18%	+8.46%
Change	-0.476	-0.310	-0.065	-	+0.237	+0.336	+0.894
Level	Minor	Major	Intermediate	-	Intermediate	Minor	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	9.577	9.759	9.879	10.061	10.181	10.363	10.483
Camarilla	9.917	9.945	9.972	10.000	10.028	10.055	10.083
Woodie	9.547	9.744	9.849	10.046	10.151	10.348	10.453
Fibonacci	9.759	9.874	9.945	10.061	10.176	10.247	10.363

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.458	9.744	9.998	10.284	10.538	10.824	11.078
Camarilla	10.104	10.153	10.203	10.252	10.302	10.351	10.401
Woodie	9.442	9.736	9.982	10.276	10.522	10.816	11.062
Fibonacci	9.744	9.950	10.078	10.284	10.490	10.618	10.824

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.018	9.630	9.942	10.554	10.866	11.478	11.790
Camarilla	10.000	10.085	10.169	10.254	10.339	10.423	10.508
Woodie	8.868	9.555	9.792	10.479	10.716	11.403	11.640
Fibonacci	9.630	9.983	10.201	10.554	10.907	11.125	11.478

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):	64.37
MACD (12,26,9):	-0.0130
Directional Movement:	14.388
AROON (14):	7.143
DEMA (21):	10.070
Parabolic SAR (0,02-0,02-0,2):	9.768
Elder Ray (13):	0.157
Super Trend (3,10):	9.922
Zig ZAG (10):	10.400
VORTEX (21):	0.9200
Stochastique (14,3,5):	40.77
TEMA (21):	10.122
Williams %R (14):	-20.47
Chande Momentum Oscillator (20):	0.370
Repulse (5,40,3):	4.3370
ROCnROLL:	1
TRIX (15,9):	-0.0610
Courbe Coppock:	1.24

MA7:	10.280
MA20:	10.445
MA50:	10.536
MA100:	10.977
MAexp7:	10.157
MAexp20:	10.130
MAexp50:	10.216
MAexp100:	10.321
Price / MA7:	+2.78%
Price / MA20:	+1.16%
Price / MA50:	+0.28%
Price / MA100:	-3.74%
Price / MAexp7:	+4.03%
Price / MAexp20:	+4.30%
Price / MAexp50:	+3.43%
Price / MAexp100:	+2.37%

Quotes : - 15 min delayed data - Italy Stocks

News

The last news published on BREMBO at the time of the generation of this analysis was as follows:

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

About author

Londinia AI

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