UMG

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	UMG
ISIN:	NL0015000IY2

UMG - Daily - Technical analysis published on 01/11/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

17%

My opinion

Bullish above 25.54 EUR

My targets

26.99 EUR (+2.78%)

28.17 EUR (+7.27%)

My analysis

The bullish trend is currently very strong on UMG. As long as the price remains above the support at 25.54 EUR, you could try to benefit from the boom. The first bullish objective is located at 26.99 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 28.17 EUR as an objective. Crossing it would then enable buyers to target 29.60 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.

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

7.7

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.

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Additional analysis

Quotes

The UMG price is 26.26 EUR. On the day, this instrument gained +2.42% and was between 25.78 EUR and 26.30 EUR. This implies that the price is at +1.86% from its lowest and at -0.15% from its highest.

25.78

26.30

26.26

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of UMG indicates that the overall trend is strongly bullish. 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. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	21.57	23.41	25.54	26.26	26.46
Change (%)	-17.86%	-10.85%	-2.74%	-	+0.76%
Change	-4.69	-2.85	-0.72	-	+0.20
Level	Minor	Major	Major	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.92	25.07	25.35	25.50	25.78	25.93	26.21
Camarilla	25.52	25.56	25.60	25.64	25.68	25.72	25.76
Woodie	25.00	25.10	25.43	25.53	25.86	25.96	26.29
Fibonacci	25.07	25.23	25.33	25.50	25.66	25.76	25.93

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.51	24.14	24.67	25.30	25.83	26.46	26.99
Camarilla	24.89	25.00	25.10	25.21	25.32	25.42	25.53
Woodie	23.47	24.12	24.63	25.28	25.79	26.44	26.95
Fibonacci	24.14	24.58	24.85	25.30	25.74	26.01	26.46

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.77	22.95	24.38	25.56	26.99	28.17	29.60
Camarilla	25.09	25.33	25.57	25.81	26.05	26.29	26.53
Woodie	21.90	23.01	24.51	25.62	27.12	28.23	29.73
Fibonacci	22.95	23.95	24.56	25.56	26.56	27.17	28.17

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):	65.71
MACD (12,26,9):	0.2000
Directional Movement:	9.92
AROON (14):	-71.43
DEMA (21):	25.76
Parabolic SAR (0,02-0,02-0,2):	24.76
Elder Ray (13):	0.46
Super Trend (3,10):	24.69
Zig ZAG (10):	26.25
VORTEX (21):	1.0700
Stochastique (14,3,5):	55.32
TEMA (21):	25.69
Williams %R (14):	-1.32
Chande Momentum Oscillator (20):	0.52
Repulse (5,40,3):	3.9700
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	2.56

MA7:	25.42
MA20:	25.68
MA50:	24.71
MA100:	24.30
MAexp7:	25.63
MAexp20:	25.46
MAexp50:	24.98
MAexp100:	24.27
Price / MA7:	+3.30%
Price / MA20:	+2.26%
Price / MA50:	+6.27%
Price / MA100:	+8.07%
Price / MAexp7:	+2.46%
Price / MAexp20:	+3.14%
Price / MAexp50:	+5.12%
Price / MAexp100:	+8.20%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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