B.COM.PORTUGUES - Weekly - Technical analysis published on 10/29/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.2555 EUR
My targets
0.3033 EUR (+6.15%)
1.7924 EUR (+527.37%)
My analysis
The bullish trend is currently very strong on B.COM.PORTUGUES. As long as the price remains above the support at 0.2555 EUR, you could try to benefit from the boom. The first bullish objective is located at 0.3033 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.7924 EUR as an objective. Crossing it would then enable buyers to target 5.0964 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
The B.COM.PORTUGUES rating is 0.2857 EUR. The price registered an increase of +3.51% over 5 days and was traded between 0.2723 EUR and 0.2895 EUR over the period. The price is currently at +4.92% from its lowest point and -1.31% from its highest point.0.2723
0.2895
0.2857
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by B.COM.PORTUGUES:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of B.COM.PORTUGUES in Weekly shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
Resistance of channel is broken
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 | 0.1219 | 0.1975 | 0.2397 | 0.2857 | 1.7924 | 5.0964 | 20.1375 |
Change (%) | -57.33% | -30.87% | -16.10% | - | +527.37% | +1,683.83% | +6,948.48% |
Change | -0.1638 | -0.0882 | -0.0460 | - | +1.5067 | +4.8107 | +19.8518 |
Level | Minor | Major | Major | - | Minor | Intermediate | 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 | 0.2766 | 0.2800 | 0.2828 | 0.2862 | 0.2890 | 0.2924 | 0.2952 |
Camarilla | 0.2840 | 0.2846 | 0.2851 | 0.2857 | 0.2863 | 0.2868 | 0.2874 |
Woodie | 0.2764 | 0.2799 | 0.2826 | 0.2861 | 0.2888 | 0.2923 | 0.2950 |
Fibonacci | 0.2800 | 0.2823 | 0.2838 | 0.2862 | 0.2885 | 0.2900 | 0.2924 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.2523 | 0.2622 | 0.2691 | 0.2790 | 0.2859 | 0.2958 | 0.3027 |
Camarilla | 0.2714 | 0.2729 | 0.2745 | 0.2760 | 0.2775 | 0.2791 | 0.2806 |
Woodie | 0.2508 | 0.2615 | 0.2676 | 0.2783 | 0.2844 | 0.2951 | 0.3012 |
Fibonacci | 0.2622 | 0.2686 | 0.2726 | 0.2790 | 0.2854 | 0.2894 | 0.2958 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.2127 | 0.2253 | 0.2429 | 0.2555 | 0.2731 | 0.2857 | 0.3033 |
Camarilla | 0.2521 | 0.2549 | 0.2576 | 0.2604 | 0.2632 | 0.2659 | 0.2687 |
Woodie | 0.2151 | 0.2266 | 0.2453 | 0.2568 | 0.2755 | 0.2870 | 0.3057 |
Fibonacci | 0.2253 | 0.2369 | 0.2440 | 0.2555 | 0.2671 | 0.2742 | 0.2857 |
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): | 69.67 | |
MACD (12,26,9): | 0.0175 | |
Directional Movement: | 15.2846 | |
AROON (14): | 100.0000 | |
DEMA (21): | 0.2751 | |
Parabolic SAR (0,02-0,02-0,2): | 0.2375 | |
Elder Ray (13): | 0.0195 | |
Super Trend (3,10): | 0.2305 | |
Zig ZAG (10): | 0.2857 | |
VORTEX (21): | 1.2005 | |
Stochastique (14,3,5): | 84.53 | |
TEMA (21): | 0.2788 | |
Williams %R (14): | -6.97 | |
Chande Momentum Oscillator (20): | 0.0389 | |
Repulse (5,40,3): | 5.1549 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.0220 | |
Courbe Coppock: | 33.21 |
MA7: | 0.2793 | |
MA20: | 0.2750 | |
MA50: | 0.2630 | |
MA100: | 0.2483 | |
MAexp7: | 0.2707 | |
MAexp20: | 0.2523 | |
MAexp50: | 0.2232 | |
MAexp100: | 0.1984 | |
Price / MA7: | +2.29% | |
Price / MA20: | +3.89% | |
Price / MA50: | +8.63% | |
Price / MA100: | +15.06% | |
Price / MAexp7: | +5.54% | |
Price / MAexp20: | +13.24% | |
Price / MAexp50: | +28.00% | |
Price / MAexp100: | +44.00% |
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 Bank Millennium (Poland) results in the first 9M 2023
- Banco Comercial Português, S.A. informs about notice of acquisition of securities
- Banco Comercial Português, S.A. informs about estimated provisions against legal risk related to FX mortgage loans portfolio booked by Bank Millennium, S.A. in 3Q 2023
- BCP Finance Bank 1H2023 Report
- 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
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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