NOS, SGPS - Daily - Technical analysis published on 01/26/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
6%
56%
My opinion
Bearish under 3.358 EUR
My targets
3.213 EUR (-2.22%)
3.136 EUR (-4.56%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3.358 EUR remains possible. It is advisable to trade NOS, SGPS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.358 EUR. The next bearish objective for sellers is set at 3.213 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.136 EUR. In case of crossing, the next objective would be the support located at 2.945 EUR. PS: if there is a bullish break in the resistance located at 3.358 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOS, SGPS rating is 3.286 EUR. On the day, this instrument gained +0.00% and was traded between 3.286 EUR and 3.300 EUR over the period. The price is currently at 0% from its lowest and -0.42% from its highest.3.286
3.300
3.286
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 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NOS, SGPS chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.945 | 3.136 | 3.213 | 3.286 | 3.358 | 3.511 | 3.619 |
| Change (%) | -10.38% | -4.56% | -2.22% | - | +2.19% | +6.85% | +10.13% |
| Change | -0.341 | -0.150 | -0.073 | - | +0.072 | +0.225 | +0.333 |
| Level | Major | Minor | Intermediate | - | Major | Major | Major |
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 | 3.261 | 3.273 | 3.279 | 3.291 | 3.297 | 3.309 | 3.315 |
| Camarilla | 3.281 | 3.283 | 3.284 | 3.286 | 3.288 | 3.289 | 3.291 |
| Woodie | 3.259 | 3.272 | 3.277 | 3.290 | 3.295 | 3.308 | 3.313 |
| Fibonacci | 3.273 | 3.280 | 3.284 | 3.291 | 3.298 | 3.302 | 3.309 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.186 | 3.210 | 3.250 | 3.274 | 3.314 | 3.338 | 3.378 |
| Camarilla | 3.272 | 3.278 | 3.284 | 3.290 | 3.296 | 3.302 | 3.308 |
| Woodie | 3.194 | 3.214 | 3.258 | 3.278 | 3.322 | 3.342 | 3.386 |
| Fibonacci | 3.210 | 3.234 | 3.250 | 3.274 | 3.298 | 3.314 | 3.338 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.801 | 2.967 | 3.083 | 3.249 | 3.365 | 3.531 | 3.647 |
| Camarilla | 3.123 | 3.148 | 3.174 | 3.200 | 3.226 | 3.252 | 3.278 |
| Woodie | 2.777 | 2.955 | 3.059 | 3.237 | 3.341 | 3.519 | 3.623 |
| Fibonacci | 2.967 | 3.074 | 3.141 | 3.249 | 3.356 | 3.423 | 3.531 |
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): | 52.05 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | 1.270 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 3.273 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.327 | |
| Elder Ray (13): | 0.013 | |
| Super Trend (3,10): | 3.185 | |
| Zig ZAG (10): | 3.292 | |
| VORTEX (21): | 1.0670 | |
| Stochastique (14,3,5): | 49.72 | |
| TEMA (21): | 3.292 | |
| Williams %R (14): | -38.30 | |
| Chande Momentum Oscillator (20): | -0.008 | |
| Repulse (5,40,3): | -0.3260 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0260 | |
| Courbe Coppock: | 0.03 |
| MA7: | 3.281 | |
| MA20: | 3.280 | |
| MA50: | 3.305 | |
| MA100: | 3.395 | |
| MAexp7: | 3.284 | |
| MAexp20: | 3.279 | |
| MAexp50: | 3.309 | |
| MAexp100: | 3.361 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +0.18% | |
| Price / MA50: | -0.57% | |
| Price / MA100: | -3.21% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | -0.70% | |
| Price / MAexp100: | -2.23% |
Quotes :
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15 min delayed data
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Euronext Lisbonne
NOS SGPSThis member declared not having a position on this financial instrument or a related financial instrument.
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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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