NOVABASE,SGPS

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	NBA
ISIN:	PTNBA0AM0006

NOVABASE,SGPS - Weekly - Technical analysis published on 10/13/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

72%

My opinion

Bearish under 4.31 EUR

My targets

3.66 EUR (-11.59%)

3.30 EUR (-20.29%)

My analysis

The current short-term bearish acceleration registered on NOVABASE,SGPS should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 4.31 EUR. Short-term sellers will use the support located at 3.66 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 3.30 EUR. Crossing this support would then open the door for sellers to target 2.60 EUR. Caution, if there is a return to below 4.31 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

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 Tezouro. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NOVABASE,SGPS rating is 4.14 EUR. The price is lower by -2.59% over the 5 days and has been traded over the last 5 days between 4.09 EUR and 4.40 EUR. This implies that the 5 day price is +1.22% from its lowest point and -5.91% from its highest point.

4.09

4.40

4.14

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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

Technical analysis of NOVABASE,SGPS in Weekly shows a neutral overall trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Weekly

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Weekly

Support of channel is broken

Type : Bearish

Timeframe : Weekly

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2.60	3.30	3.66	4.14	4.31	4.88
Change (%)	-37.20%	-20.29%	-11.59%	-	+4.11%	+17.87%
Change	-1.54	-0.84	-0.48	-	+0.17	+0.74
Level	Minor	Intermediate	Minor	-	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.98	4.03	4.09	4.14	4.20	4.25	4.31
Camarilla	4.11	4.12	4.13	4.14	4.15	4.16	4.17
Woodie	3.98	4.03	4.09	4.14	4.20	4.25	4.31
Fibonacci	4.03	4.08	4.10	4.14	4.19	4.21	4.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.42	3.71	3.88	4.17	4.34	4.63	4.80
Camarilla	3.92	3.97	4.01	4.05	4.09	4.13	4.18
Woodie	3.36	3.68	3.82	4.14	4.28	4.60	4.74
Fibonacci	3.71	3.89	3.99	4.17	4.35	4.45	4.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.49	3.87	4.07	4.45	4.65	5.03	5.23
Camarilla	4.10	4.15	4.21	4.26	4.31	4.37	4.42
Woodie	3.39	3.83	3.97	4.41	4.55	4.99	5.13
Fibonacci	3.87	4.10	4.23	4.45	4.68	4.81	5.03

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	35.44
MACD (12,26,9):	-0.0800
Directional Movement:	-11.94
AROON (14):	-71.43
DEMA (21):	4.41
Parabolic SAR (0,02-0,02-0,2):	4.80
Elder Ray (13):	-0.19
Super Trend (3,10):	4.94
Zig ZAG (10):	4.14
VORTEX (21):	0.8600
Stochastique (14,3,5):	7.20
TEMA (21):	4.30
Williams %R (14):	-84.09
Chande Momentum Oscillator (20):	-0.43
Repulse (5,40,3):	-18.7000
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	8.61

MA7:	4.26
MA20:	4.43
MA50:	4.57
MA100:	4.59
MAexp7:	4.33
MAexp20:	4.48
MAexp50:	4.44
MAexp100:	4.11
Price / MA7:	-2.82%
Price / MA20:	-6.55%
Price / MA50:	-9.41%
Price / MA100:	-9.80%
Price / MAexp7:	-4.39%
Price / MAexp20:	-7.59%
Price / MAexp50:	-6.76%
Price / MAexp100:	+0.73%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

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

Novabase SGPS

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

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