B.COM.PORTUGUES - 1H - Technical analysis published on 07/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.1440 EUR
My targets
0.1525 EUR (+4.60%)
0.1624 EUR (+11.41%)
My analysis
The strong short-term increase in B.COM.PORTUGUES calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.1440 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.1525 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.1624 EUR as an objective. Crossing it would then enable buyers to target 0.1647 EUR. Caution, a return under 0.1440 EUR could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.2
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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 price is 0.1458 EUR. The price registered an increase of +2.60% on the session and was traded between 0.1407 EUR and 0.1461 EUR over the period. The price is currently at +3.62% from its lowest and -0.21% from its highest.0.1407
0.1461
0.1458
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of B.COM.PORTUGUES indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.1315 | 0.1401 | 0.1440 | 0.1458 | 0.1525 | 0.1647 | 0.1701 |
| Change (%) | -9.81% | -3.91% | -1.23% | - | +4.60% | +12.96% | +16.67% |
| Change | -0.0143 | -0.0057 | -0.0018 | - | +0.0067 | +0.0189 | +0.0243 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1264 | 0.1297 | 0.1359 | 0.1392 | 0.1454 | 0.1487 | 0.1549 |
| Camarilla | 0.1395 | 0.1404 | 0.1412 | 0.1421 | 0.1430 | 0.1438 | 0.1447 |
| Woodie | 0.1279 | 0.1304 | 0.1374 | 0.1399 | 0.1469 | 0.1494 | 0.1564 |
| Fibonacci | 0.1297 | 0.1333 | 0.1356 | 0.1392 | 0.1428 | 0.1451 | 0.1487 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1127 | 0.1228 | 0.1325 | 0.1426 | 0.1523 | 0.1624 | 0.1721 |
| Camarilla | 0.1367 | 0.1385 | 0.1403 | 0.1421 | 0.1439 | 0.1457 | 0.1476 |
| Woodie | 0.1124 | 0.1227 | 0.1322 | 0.1425 | 0.1520 | 0.1623 | 0.1718 |
| Fibonacci | 0.1228 | 0.1304 | 0.1351 | 0.1426 | 0.1502 | 0.1549 | 0.1624 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.83 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 17.9597 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.1384 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1362 | |
| Elder Ray (13): | 0.0033 | |
| Super Trend (3,10): | 0.1363 | |
| Zig ZAG (10): | 0.1434 | |
| VORTEX (21): | 1.0819 | |
| Stochastique (14,3,5): | 96.28 | |
| TEMA (21): | 0.1407 | |
| Williams %R (14): | -6.96 | |
| Chande Momentum Oscillator (20): | 0.0096 | |
| Repulse (5,40,3): | 2.7390 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1253 | |
| Courbe Coppock: | 7.80 |
| MA7: | 0.1429 | |
| MA20: | 0.1575 | |
| MA50: | 0.1684 | |
| MA100: | 0.1611 | |
| MAexp7: | 0.1406 | |
| MAexp20: | 0.1389 | |
| MAexp50: | 0.1418 | |
| MAexp100: | 0.1479 | |
| Price / MA7: | +2.03% | |
| Price / MA20: | -7.43% | |
| Price / MA50: | -13.42% | |
| Price / MA100: | -9.50% | |
| Price / MAexp7: | +3.70% | |
| Price / MAexp20: | +4.97% | |
| Price / MAexp50: | +2.82% | |
| Price / MAexp100: | -1.42% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The latest news and videos published on B.COM.PORTUGUES at the time of the analysis were as follows:
- Banco Comercial Português, S.A. informs about expected negative impact of credit holidays on 3rd quarter 2022 results of Bank Millennium S.A. Capital Group and launching of the Recovery Plan
- 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
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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