NOVABASE,SGPS - Weekly - Technical analysis published on 10/26/2022 (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%
61%
17%
My opinion
Bearish under 4.31 EUR
My targets
3.66 EUR (-11.17%)
3.30 EUR (-19.90%)
My analysis
The strong short-term decrease of NOVABASE,SGPS should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 4.31 EUR, a sale could be considered. The first bearish objective is located at 3.66 EUR. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 3.30 EUR. If there is any crossing, the next objective would be support 2.06 EUR. Caution, if there is a return to above 4.31 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3
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
NOVABASE,SGPS rating 4.12 EUR. The price registered a decrease of -0.96% over 5 days and was traded between 3.82 EUR and 4.21 EUR over the period. The price is currently at +7.85% from its lowest point and -2.14% from its highest point.3.82
4.21
4.12
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NOVABASE,SGPS:
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 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Weekly
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Weekly
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.06 | 3.30 | 3.66 | 4.12 | 4.31 | 4.88 |
| Change (%) | -50.00% | -19.90% | -11.17% | - | +4.61% | +18.45% |
| Change | -2.06 | -0.82 | -0.46 | - | +0.19 | +0.76 |
| Level | Major | Intermediate | Minor | - | Major | 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 | 3.62 | 3.72 | 3.92 | 4.02 | 4.22 | 4.32 | 4.52 |
| Camarilla | 4.04 | 4.07 | 4.09 | 4.12 | 4.15 | 4.18 | 4.20 |
| Woodie | 3.67 | 3.75 | 3.97 | 4.05 | 4.27 | 4.35 | 4.57 |
| Fibonacci | 3.72 | 3.84 | 3.91 | 4.02 | 4.14 | 4.21 | 4.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.85 | 3.94 | 4.07 | 4.16 | 4.29 | 4.38 | 4.51 |
| Camarilla | 4.15 | 4.17 | 4.19 | 4.21 | 4.23 | 4.25 | 4.27 |
| Woodie | 3.88 | 3.95 | 4.10 | 4.17 | 4.32 | 4.39 | 4.54 |
| Fibonacci | 3.94 | 4.02 | 4.07 | 4.16 | 4.24 | 4.29 | 4.38 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.47 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -17.48 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 4.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.73 | |
| Elder Ray (13): | -0.36 | |
| Super Trend (3,10): | 4.80 | |
| Zig ZAG (10): | 4.12 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 26.48 | |
| TEMA (21): | 4.21 | |
| Williams %R (14): | -71.70 | |
| Chande Momentum Oscillator (20): | -0.63 | |
| Repulse (5,40,3): | -2.8500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 13.04 |
| MA7: | 4.14 | |
| MA20: | 4.24 | |
| MA50: | 4.47 | |
| MA100: | 4.53 | |
| MAexp7: | 4.27 | |
| MAexp20: | 4.43 | |
| MAexp50: | 4.42 | |
| MAexp100: | 4.11 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -2.83% | |
| Price / MA50: | -7.83% | |
| Price / MA100: | -9.05% | |
| Price / MAexp7: | -3.51% | |
| Price / MAexp20: | -7.00% | |
| Price / MAexp50: | -6.79% | |
| Price / MAexp100: | +0.24% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The latest news and videos published on NOVABASE,SGPS at the time of the analysis were as follows:
Novabase SGPSThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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