UMG - 1H - Technical analysis published on 04/25/2023 (GMT)
- 157
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 21.086 EUR
My targets
20.750 EUR (-1.00%)
19.654 EUR (-6.23%)
My analysis
The basic trend is bearish on UMG and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 21.086 EUR. Buyers would then use the next resistance located at 22.256 EUR as an objective. Crossing it would then enable buyers to target 23.005 EUR. If there is a return to below the support located at 20.750 EUR, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 19.654 EUR and 18.864 EUR by extension.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5
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
UMG rating 20.960 EUR. The price registered an increase of +0.24% on the session and was traded between 20.880 EUR and 21.120 EUR over the period. The price is currently at +0.38% from its lowest and -0.76% from its highest.20.880
21.120
20.960
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of UMG in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 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 : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.864 | 19.654 | 20.750 | 20.960 | 21.086 | 22.256 | 23.005 |
| Change (%) | -10.00% | -6.23% | -1.00% | - | +0.60% | +6.18% | +9.76% |
| Change | -2.096 | -1.306 | -0.210 | - | +0.126 | +1.296 | +2.045 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
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 | 20.187 | 20.383 | 20.647 | 20.843 | 21.107 | 21.303 | 21.567 |
| Camarilla | 20.784 | 20.826 | 20.868 | 20.910 | 20.952 | 20.994 | 21.037 |
| Woodie | 20.220 | 20.400 | 20.680 | 20.860 | 21.140 | 21.320 | 21.600 |
| Fibonacci | 20.383 | 20.559 | 20.668 | 20.843 | 21.019 | 21.128 | 21.303 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.993 | 20.307 | 20.503 | 20.817 | 21.013 | 21.327 | 21.523 |
| Camarilla | 20.560 | 20.607 | 20.653 | 20.700 | 20.747 | 20.794 | 20.840 |
| Woodie | 19.935 | 20.278 | 20.445 | 20.788 | 20.955 | 21.298 | 21.465 |
| Fibonacci | 20.307 | 20.502 | 20.622 | 20.817 | 21.012 | 21.132 | 21.327 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.972 | 19.898 | 21.602 | 22.528 | 24.232 | 25.158 | 26.862 |
| Camarilla | 22.582 | 22.823 | 23.064 | 23.305 | 23.546 | 23.787 | 24.028 |
| Woodie | 19.360 | 20.093 | 21.990 | 22.723 | 24.620 | 25.353 | 27.250 |
| Fibonacci | 19.898 | 20.903 | 21.524 | 22.528 | 23.533 | 24.154 | 25.158 |
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): | 51.16 | |
| MACD (12,26,9): | 0.0050 | |
| Directional Movement: | 5.455 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 20.897 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.738 | |
| Elder Ray (13): | 0.092 | |
| Super Trend (3,10): | 21.028 | |
| Zig ZAG (10): | 20.920 | |
| VORTEX (21): | 1.0150 | |
| Stochastique (14,3,5): | 68.81 | |
| TEMA (21): | 20.946 | |
| Williams %R (14): | -37.04 | |
| Chande Momentum Oscillator (20): | 0.220 | |
| Repulse (5,40,3): | -0.5340 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0060 | |
| Courbe Coppock: | 0.64 |
| MA7: | 20.889 | |
| MA20: | 21.867 | |
| MA50: | 22.074 | |
| MA100: | 22.571 | |
| MAexp7: | 20.925 | |
| MAexp20: | 20.901 | |
| MAexp50: | 20.995 | |
| MAexp100: | 21.286 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | -4.15% | |
| Price / MA50: | -5.05% | |
| Price / MA100: | -7.14% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -1.53% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The last news published on UMG at the time of the generation of this analysis was as follows:
- BiondVax's Strategic Research Collaboration with Max Planck and UMG: Significant progress towards development of innovative nanosized antibodies (NanoAbs) for therapeutic indications in addition to COVID-19
- Engine Gaming & Media Announces Agreement to Divest Assets of UMG Gaming Subsidiary to Harena Data
- Engine Gaming & Media’s UMG Gaming Announces Season 1 of Lady Spartan Pro Series, $20,000 Female Halo Tournament Series
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis UMG - 1H