CORTICEIRA AMORIM - Daily - Technical analysis published on 10/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 9.44 EUR
My targets
8.93 EUR (-1.54%)
8.76 EUR (-3.42%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CORTICEIRA AMORIM. As long as you are under the resistance located at 9.44 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 8.93 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 8.76 EUR as an objective. Crossing it would then enable sellers to target 8.34 EUR. If the resistance 9.44 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2
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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 CORTICEIRA AMORIM rating is 9.07 EUR. On the day, this instrument lost -0.11% and was traded between 9.05 EUR and 9.08 EUR over the period. The price is currently at +0.22% from its lowest and -0.11% from its highest.9.05
9.08
9.07
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CORTICEIRA AMORIM:
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 CORTICEIRA AMORIM chart shows a bearish trend. 75.00% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
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 | 8.34 | 8.76 | 8.93 | 9.07 | 9.12 | 9.44 | 10.07 |
| Change (%) | -8.05% | -3.42% | -1.54% | - | +0.55% | +4.08% | +11.03% |
| Change | -0.73 | -0.31 | -0.14 | - | +0.05 | +0.37 | +1.00 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Major |
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 | 8.88 | 8.94 | 9.01 | 9.07 | 9.14 | 9.20 | 9.27 |
| Camarilla | 9.04 | 9.06 | 9.07 | 9.08 | 9.09 | 9.10 | 9.12 |
| Woodie | 8.89 | 8.94 | 9.02 | 9.07 | 9.15 | 9.20 | 9.28 |
| Fibonacci | 8.94 | 8.99 | 9.02 | 9.07 | 9.12 | 9.15 | 9.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.35 | 8.48 | 8.67 | 8.80 | 8.99 | 9.12 | 9.31 |
| Camarilla | 8.76 | 8.79 | 8.82 | 8.85 | 8.88 | 8.91 | 8.94 |
| Woodie | 8.37 | 8.50 | 8.69 | 8.82 | 9.01 | 9.14 | 9.33 |
| Fibonacci | 8.48 | 8.61 | 8.68 | 8.80 | 8.93 | 9.00 | 9.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.09 | 7.97 | 8.53 | 9.41 | 9.97 | 10.85 | 11.41 |
| Camarilla | 8.70 | 8.84 | 8.97 | 9.10 | 9.23 | 9.36 | 9.50 |
| Woodie | 6.94 | 7.89 | 8.38 | 9.33 | 9.82 | 10.77 | 11.26 |
| Fibonacci | 7.97 | 8.52 | 8.86 | 9.41 | 9.96 | 10.30 | 10.85 |
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): | 44.73 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | 1.03 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 8.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.64 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 9.43 | |
| Zig ZAG (10): | 9.07 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 67.66 | |
| TEMA (21): | 8.89 | |
| Williams %R (14): | -32.84 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | 0.6300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3700 | |
| Courbe Coppock: | 1.84 |
| MA7: | 8.96 | |
| MA20: | 8.96 | |
| MA50: | 9.61 | |
| MA100: | 9.97 | |
| MAexp7: | 9.00 | |
| MAexp20: | 9.07 | |
| MAexp50: | 9.44 | |
| MAexp100: | 9.75 | |
| Price / MA7: | +1.23% | |
| Price / MA20: | +1.23% | |
| Price / MA50: | -5.62% | |
| Price / MA100: | -9.03% | |
| Price / MAexp7: | +0.78% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -3.92% | |
| Price / MAexp100: | -6.97% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The last news published on CORTICEIRA AMORIM at the time of the generation of this analysis was as follows:
Corticeira AmorimThis 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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