PROSUS - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 31.335 EUR
My targets
31.865 EUR (+0.62%)
33.240 EUR (+4.96%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PROSUS as long as the price remains well above 31.335 EUR. The buyers' bullish objective is set at 31.865 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 33.240 EUR. If there is any crossing, the next objective would be the resistance located at 35.999 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PROSUS rating 31.670 EUR. The price registered an increase of +2.79% on the session and was between 31.375 EUR and 31.780 EUR. This implies that the price is at +0.94% from its lowest and at -0.35% from its highest.31.375
31.780
31.670
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PROSUS:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PROSUS in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
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 : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 30.423 | 30.955 | 31.335 | 31.670 | 31.865 | 33.240 | 35.999 |
Change (%) | -3.94% | -2.26% | -1.06% | - | +0.62% | +4.96% | +13.67% |
Change | -1.247 | -0.715 | -0.335 | - | +0.195 | +1.570 | +4.329 |
Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 29.858 | 30.227 | 30.518 | 30.887 | 31.178 | 31.547 | 31.838 |
Camarilla | 30.629 | 30.689 | 30.750 | 30.810 | 30.871 | 30.931 | 30.992 |
Woodie | 29.820 | 30.208 | 30.480 | 30.868 | 31.140 | 31.528 | 31.800 |
Fibonacci | 30.227 | 30.479 | 30.635 | 30.887 | 31.139 | 31.295 | 31.547 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 26.287 | 27.183 | 27.862 | 28.758 | 29.437 | 30.333 | 31.012 |
Camarilla | 28.107 | 28.251 | 28.396 | 28.540 | 28.684 | 28.829 | 28.973 |
Woodie | 26.178 | 27.129 | 27.753 | 28.704 | 29.328 | 30.279 | 30.903 |
Fibonacci | 27.183 | 27.785 | 28.157 | 28.758 | 29.360 | 29.732 | 30.333 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.230 | 24.475 | 26.775 | 28.020 | 30.320 | 31.565 | 33.865 |
Camarilla | 28.100 | 28.425 | 28.750 | 29.075 | 29.400 | 29.725 | 30.050 |
Woodie | 23.758 | 24.739 | 27.303 | 28.284 | 30.848 | 31.829 | 34.393 |
Fibonacci | 24.475 | 25.829 | 26.666 | 28.020 | 29.374 | 30.211 | 31.565 |
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): | 64.57 | |
MACD (12,26,9): | 0.2190 | |
Directional Movement: | 20.344 | |
AROON (14): | 14.285 | |
DEMA (21): | 31.493 | |
Parabolic SAR (0,02-0,02-0,2): | 30.665 | |
Elder Ray (13): | 0.327 | |
Super Trend (3,10): | 30.840 | |
Zig ZAG (10): | 31.645 | |
VORTEX (21): | 0.8770 | |
Stochastique (14,3,5): | 82.70 | |
TEMA (21): | 31.375 | |
Williams %R (14): | -11.39 | |
Chande Momentum Oscillator (20): | 0.620 | |
Repulse (5,40,3): | 0.5620 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1070 | |
Courbe Coppock: | 0.45 |
MA7: | 30.229 | |
MA20: | 29.657 | |
MA50: | 28.396 | |
MA100: | 28.297 | |
MAexp7: | 31.374 | |
MAexp20: | 31.170 | |
MAexp50: | 30.628 | |
MAexp100: | 30.088 | |
Price / MA7: | +4.77% | |
Price / MA20: | +6.79% | |
Price / MA50: | +11.53% | |
Price / MA100: | +11.92% | |
Price / MAexp7: | +0.94% | |
Price / MAexp20: | +1.60% | |
Price / MAexp50: | +3.40% | |
Price / MAexp100: | +5.26% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The last news published on PROSUS at the time of the generation of this analysis was as follows:
- Prosus N.V.: Results of Annual General Meeting
- Removal of the Cross-holding Structure Update: Publication of the Notice of Annual General Meeting and Naspers Circular
- Prosus N.V.: Notice of Hybrid Annual General Meeting and Cash Dividend Declaration
- Naspers and Prosus Announce the Intention to Remove the Cross-Holding Structure
- Prosus Delivers Against Strategic Objectives and Is On-Track to Achieve Profitability Target
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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