B.COM.PORTUGUES - Weekly - Technical analysis published on 08/09/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.1637 EUR
My targets
0.1401 EUR (-7.52%)
0.1185 EUR (-21.78%)
My analysis
The current short-term bearish acceleration registered on B.COM.PORTUGUES should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 0.1637 EUR. Short-term sellers will use the support located at 0.1401 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 0.1185 EUR. Crossing this support would then open the door for sellers to target 0.0693 EUR. Caution, if there is a return to below 0.1637 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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Additional analysis
Quotes
The B.COM.PORTUGUES rating is 0.1515 EUR. The price registered an increase of +5.43% over 5 days and has been traded over the last 5 days between 0.1429 EUR and 0.1518 EUR. This implies that the 5 day price is +6.02% from its lowest point and -0.20% from its highest point.0.1429
0.1518
0.1515
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of B.COM.PORTUGUES indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Weekly
Ichimoku - Bearish crossover : Tenkan & Kijun
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
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 | 0.0693 | 0.1185 | 0.1401 | 0.1515 | 0.1756 | 0.1976 | 0.2527 |
Change (%) | -54.26% | -21.78% | -7.52% | - | +15.91% | +30.43% | +66.80% |
Change | -0.0822 | -0.0330 | -0.0114 | - | +0.0241 | +0.0461 | +0.1012 |
Level | Minor | Intermediate | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.1441 | 0.1458 | 0.1484 | 0.1501 | 0.1527 | 0.1544 | 0.1570 |
Camarilla | 0.1498 | 0.1502 | 0.1506 | 0.1510 | 0.1514 | 0.1518 | 0.1522 |
Woodie | 0.1446 | 0.1460 | 0.1489 | 0.1503 | 0.1532 | 0.1546 | 0.1575 |
Fibonacci | 0.1458 | 0.1474 | 0.1485 | 0.1501 | 0.1517 | 0.1528 | 0.1544 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.1347 | 0.1378 | 0.1433 | 0.1464 | 0.1519 | 0.1550 | 0.1605 |
Camarilla | 0.1465 | 0.1473 | 0.1481 | 0.1489 | 0.1497 | 0.1505 | 0.1513 |
Woodie | 0.1360 | 0.1384 | 0.1446 | 0.1470 | 0.1532 | 0.1556 | 0.1618 |
Fibonacci | 0.1378 | 0.1411 | 0.1431 | 0.1464 | 0.1497 | 0.1517 | 0.1550 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.0945 | 0.1138 | 0.1291 | 0.1484 | 0.1637 | 0.1830 | 0.1983 |
Camarilla | 0.1350 | 0.1382 | 0.1413 | 0.1445 | 0.1477 | 0.1508 | 0.1540 |
Woodie | 0.0926 | 0.1128 | 0.1272 | 0.1474 | 0.1618 | 0.1820 | 0.1964 |
Fibonacci | 0.1138 | 0.1270 | 0.1352 | 0.1484 | 0.1616 | 0.1698 | 0.1830 |
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): | 47.27 | |
MACD (12,26,9): | -0.0022 | |
Directional Movement: | -2.7297 | |
AROON (14): | -35.7143 | |
DEMA (21): | 0.1557 | |
Parabolic SAR (0,02-0,02-0,2): | 0.1885 | |
Elder Ray (13): | -0.0050 | |
Super Trend (3,10): | 0.1938 | |
Zig ZAG (10): | 0.1512 | |
VORTEX (21): | 1.0346 | |
Stochastique (14,3,5): | 22.81 | |
TEMA (21): | 0.1500 | |
Williams %R (14): | -72.48 | |
Chande Momentum Oscillator (20): | -0.0193 | |
Repulse (5,40,3): | 0.3673 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0870 | |
Courbe Coppock: | 9.90 |
MA7: | 0.1463 | |
MA20: | 0.1447 | |
MA50: | 0.1607 | |
MA100: | 0.1614 | |
MAexp7: | 0.1514 | |
MAexp20: | 0.1568 | |
MAexp50: | 0.1535 | |
MAexp100: | 0.1514 | |
Price / MA7: | +3.55% | |
Price / MA20: | +4.70% | |
Price / MA50: | -5.72% | |
Price / MA100: | -6.13% | |
Price / MAexp7: | +0.07% | |
Price / MAexp20: | -3.38% | |
Price / MAexp50: | -1.30% | |
Price / MAexp100: | +0.07% |
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:
- H1 2022 Report & Accounts
- Banco Comercial Português, S.A. informs about consolidated earnings in H1 2022
- Banco Comercial Português, S.A. informs about Bank Millennium (Poland) results in H1 2022
- Banco Comercial Português, S.A. informs about the replacement of the Statutory Auditor and External Auditor's representative due to legal requirement
- 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
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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