CTP

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CTPNV
ISIN:	NL00150006R6

CTP - Daily - Technical analysis published on 05/23/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 11.99 EUR

My targets

13.03 EUR (+4.07%)

13.89 EUR (+10.94%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on CTP. This is a positive signal for buyers. As long as the price remains above 11.99 EUR, a purchase could be considered. The first bullish objective is located at 13.03 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.89 EUR as an objective. Crossing it would then enable buyers to target 16.71 EUR. In the event of a return below 11.99 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

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

Additional analysis

Quotes

The CTP price is 12.52 EUR. The price has increased by +3.81% since the last closing and was traded between 12.18 EUR and 12.58 EUR over the period. The price is currently at +2.79% from its lowest and -0.48% from its highest.

12.18

12.58

12.52

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

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

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CTP chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

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 : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.45	11.99	12.48	12.52	13.03	13.89	16.71
Change (%)	-8.55%	-4.23%	-0.32%	-	+4.07%	+10.94%	+33.47%
Change	-1.07	-0.53	-0.04	-	+0.51	+1.37	+4.19
Level	Minor	Major	Minor	-	Minor	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.68	11.78	11.92	12.02	12.16	12.26	12.40
Camarilla	11.99	12.02	12.04	12.06	12.08	12.10	12.13
Woodie	11.70	11.79	11.94	12.03	12.18	12.27	12.42
Fibonacci	11.78	11.87	11.93	12.02	12.11	12.17	12.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.31	11.49	11.69	11.87	12.07	12.25	12.45
Camarilla	11.78	11.81	11.85	11.88	11.92	11.95	11.99
Woodie	11.31	11.50	11.69	11.88	12.07	12.26	12.45
Fibonacci	11.49	11.64	11.73	11.87	12.02	12.11	12.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.30	10.73	11.32	11.75	12.34	12.77	13.36
Camarilla	11.62	11.71	11.81	11.90	11.99	12.09	12.18
Woodie	10.37	10.77	11.39	11.79	12.41	12.81	13.43
Fibonacci	10.73	11.12	11.36	11.75	12.14	12.38	12.77

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):	64.71
MACD (12,26,9):	0.0700
Directional Movement:	15.09
AROON (14):	64.29
DEMA (21):	11.92
Parabolic SAR (0,02-0,02-0,2):	11.57
Elder Ray (13):	0.47
Super Trend (3,10):	11.49
Zig ZAG (10):	12.52
VORTEX (21):	1.0400
Stochastique (14,3,5):	87.80
TEMA (21):	12.05
Williams %R (14):	-4.76
Chande Momentum Oscillator (20):	0.62
Repulse (5,40,3):	3.1400
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	3.38

MA7:	11.95
MA20:	11.80
MA50:	11.79
MA100:	12.20
MAexp7:	12.02
MAexp20:	11.87
MAexp50:	11.90
MAexp100:	11.88
Price / MA7:	+4.77%
Price / MA20:	+6.10%
Price / MA50:	+6.19%
Price / MA100:	+2.62%
Price / MAexp7:	+4.16%
Price / MAexp20:	+5.48%
Price / MAexp50:	+5.21%
Price / MAexp100:	+5.39%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

The latest news and videos published on CTP 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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Londinia AI

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