B.COM.PORTUGUES - Daily - Technical analysis published on 07/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 0.1522 EUR
My targets
0.1401 EUR (-5.59%)
0.1315 EUR (-11.39%)
My analysis
B.COM.PORTUGUES 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 0.1522 EUR. The next support located at 0.1401 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 0.1315 EUR. Below this support, sellers could then target 0.1185 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 B.COM.PORTUGUES rating is 0.1484 EUR. The price is lower by -0.67% since the last closing and was between 0.1465 EUR and 0.1489 EUR. This implies that the price is at +1.30% from its lowest and at -0.34% from its highest.0.1465
0.1489
0.1484
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by B.COM.PORTUGUES:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of B.COM.PORTUGUES indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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 : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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 support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.1185 | 0.1315 | 0.1401 | 0.1484 | 0.1522 | 0.1647 | 0.1756 |
| Change (%) | -20.15% | -11.39% | -5.59% | - | +2.56% | +10.98% | +18.33% |
| Change | -0.0299 | -0.0169 | -0.0083 | - | +0.0038 | +0.0163 | +0.0272 |
| Level | Intermediate | Minor | Major | - | Intermediate | 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 | 0.1427 | 0.1454 | 0.1474 | 0.1501 | 0.1521 | 0.1548 | 0.1568 |
| Camarilla | 0.1481 | 0.1485 | 0.1490 | 0.1494 | 0.1498 | 0.1503 | 0.1507 |
| Woodie | 0.1424 | 0.1452 | 0.1471 | 0.1499 | 0.1518 | 0.1546 | 0.1565 |
| Fibonacci | 0.1454 | 0.1472 | 0.1483 | 0.1501 | 0.1519 | 0.1530 | 0.1548 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1258 | 0.1349 | 0.1438 | 0.1529 | 0.1618 | 0.1709 | 0.1798 |
| Camarilla | 0.1478 | 0.1494 | 0.1511 | 0.1527 | 0.1544 | 0.1560 | 0.1577 |
| Woodie | 0.1257 | 0.1349 | 0.1437 | 0.1529 | 0.1617 | 0.1709 | 0.1797 |
| Fibonacci | 0.1349 | 0.1418 | 0.1460 | 0.1529 | 0.1598 | 0.1640 | 0.1709 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1153 | 0.1391 | 0.1520 | 0.1758 | 0.1887 | 0.2125 | 0.2254 |
| Camarilla | 0.1549 | 0.1583 | 0.1616 | 0.1650 | 0.1684 | 0.1717 | 0.1751 |
| Woodie | 0.1100 | 0.1364 | 0.1467 | 0.1731 | 0.1834 | 0.2098 | 0.2201 |
| Fibonacci | 0.1391 | 0.1531 | 0.1618 | 0.1758 | 0.1898 | 0.1985 | 0.2125 |
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): | 34.51 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | -21.5389 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 0.1536 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1575 | |
| Elder Ray (13): | -0.0097 | |
| Super Trend (3,10): | 0.1670 | |
| Zig ZAG (10): | 0.1480 | |
| VORTEX (21): | 0.8192 | |
| Stochastique (14,3,5): | 15.39 | |
| TEMA (21): | 0.1468 | |
| Williams %R (14): | -89.80 | |
| Chande Momentum Oscillator (20): | -0.0269 | |
| Repulse (5,40,3): | 0.1329 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4073 | |
| Courbe Coppock: | 24.85 |
| MA7: | 0.1506 | |
| MA20: | 0.1640 | |
| MA50: | 0.1688 | |
| MA100: | 0.1628 | |
| MAexp7: | 0.1524 | |
| MAexp20: | 0.1615 | |
| MAexp50: | 0.1660 | |
| MAexp100: | 0.1640 | |
| Price / MA7: | -1.46% | |
| Price / MA20: | -9.51% | |
| Price / MA50: | -12.09% | |
| Price / MA100: | -8.85% | |
| Price / MAexp7: | -2.62% | |
| Price / MAexp20: | -8.11% | |
| Price / MAexp50: | -10.60% | |
| Price / MAexp100: | -9.51% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The last news published on B.COM.PORTUGUES at the time of the generation of this analysis was as follows:
- Banco Comercial Português, S.A. informs about provisions for FX-denominated mortgage loans booked by Bank Millennium, S.A.
- Banco Comercial Português, S.A. informs about granting of shares to the Executive Directors and Managers
- Banco Comercial Português, S.A. informs about the upgrade to Investment Grade of senior unsecured debt ratings by Moody’s
- Banco Comercial Português, SA informs about Q1 2022 Report and Accounts
- Banco Comercial Português, S.A. informs about notice of acquisition of securities
This 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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