ERAMET

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ERA
ISIN:	FR0000131757

ERAMET - 1H - Technical analysis published on 05/25/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 88.99 EUR

My targets

87.53 EUR (-0.65%)

84.95 EUR (-3.58%)

My analysis

ERAMET is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 88.99 EUR. The next support located at 87.53 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 84.95 EUR. Below this support, sellers could then target 83.85 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

Force

6.1

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 paf333. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ERAMET price is 88.10 EUR. The price is lower by -0.90% since the last closing with the lowest point at 87.60 EUR and the highest point at 89.15 EUR. The deviation from the price is +0.57% for the low point and -1.18% for the high point.

87.60

89.15

88.10

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ERAMET:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ERAMET in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. 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 : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	83.85	84.95	87.53	88.10	88.99	90.23	90.97
Change (%)	-4.82%	-3.58%	-0.65%	-	+1.01%	+2.42%	+3.26%
Change	-4.25	-3.15	-0.57	-	+0.89	+2.13	+2.87
Level	Minor	Minor	Major	-	Minor	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	85.05	86.10	87.50	88.55	89.95	91.00	92.40
Camarilla	88.23	88.45	88.68	88.90	89.13	89.35	89.57
Woodie	85.23	86.19	87.68	88.64	90.13	91.09	92.58
Fibonacci	86.10	87.04	87.61	88.55	89.49	90.06	91.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	82.32	84.58	87.97	90.23	93.62	95.88	99.27
Camarilla	89.80	90.31	90.83	91.35	91.87	92.39	92.90
Woodie	82.88	84.86	88.53	90.51	94.18	96.16	99.83
Fibonacci	84.58	86.74	88.08	90.23	92.39	93.73	95.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.88	73.97	81.03	92.12	99.18	110.27	117.33
Camarilla	83.11	84.77	86.44	88.10	89.76	91.43	93.09
Woodie	60.88	72.96	79.03	91.11	97.18	109.26	115.33
Fibonacci	73.97	80.90	85.18	92.12	99.05	103.33	110.27

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):	39.11
MACD (12,26,9):	-0.4200
Directional Movement:	-14.02
AROON (14):	-28.57
DEMA (21):	88.49
Parabolic SAR (0,02-0,02-0,2):	90.00
Elder Ray (13):	-0.57
Super Trend (3,10):	90.06
Zig ZAG (10):	88.10
VORTEX (21):	0.8900
Stochastique (14,3,5):	40.78
TEMA (21):	88.14
Williams %R (14):	-67.80
Chande Momentum Oscillator (20):	-1.20
Repulse (5,40,3):	-0.7400
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	3.02

MA7:	89.53
MA20:	87.87
MA50:	91.71
MA100:	94.67
MAexp7:	88.55
MAexp20:	89.01
MAexp50:	89.28
MAexp100:	89.21
Price / MA7:	-1.60%
Price / MA20:	+0.26%
Price / MA50:	-3.94%
Price / MA100:	-6.94%
Price / MAexp7:	-0.51%
Price / MAexp20:	-1.02%
Price / MAexp50:	-1.32%
Price / MAexp100:	-1.24%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on ERAMET at the time of the analysis were as follows:

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

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