UMG

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	UMG
ISIN:	NL0015000IY2

UMG - 1H - Technical analysis published on 07/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 27.81 EUR

My targets

26.53 EUR (-3.03%)

26.46 EUR (-3.29%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on UMG as long as the price remains well below 27.81 EUR. The sellers' bearish objective is set at 26.53 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 26.46 EUR. In case of crossing, the next objective would be the support located at 24.08 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

7.9

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

UMG rating 27.36 EUR. The price is lower by -1.65% since the last closing with the lowest point at 27.29 EUR and the highest point at 27.89 EUR. The deviation from the price is +0.26% for the low point and -1.90% for the high point.

27.29

27.89

27.36

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this UMG chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

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 support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.19	24.08	26.53	27.36	27.43	27.81	28.03
Change (%)	-15.24%	-11.99%	-3.03%	-	+0.26%	+1.64%	+2.45%
Change	-4.17	-3.28	-0.83	-	+0.07	+0.45	+0.67
Level	Major	Minor	Intermediate	-	Major	Minor	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	26.87	27.15	27.48	27.76	28.09	28.37	28.70
Camarilla	27.65	27.71	27.76	27.82	27.88	27.93	27.99
Woodie	26.91	27.16	27.52	27.77	28.13	28.38	28.74
Fibonacci	27.15	27.38	27.52	27.76	27.99	28.13	28.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.46	26.87	27.45	27.86	28.44	28.85	29.43
Camarilla	27.76	27.85	27.94	28.03	28.12	28.21	28.30
Woodie	26.55	26.91	27.54	27.90	28.53	28.89	29.52
Fibonacci	26.87	27.25	27.48	27.86	28.24	28.47	28.85

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.06	26.19	26.99	28.12	28.92	30.05	30.85
Camarilla	27.25	27.43	27.60	27.78	27.96	28.13	28.31
Woodie	24.89	26.11	26.82	28.04	28.75	29.97	30.68
Fibonacci	26.19	26.93	27.39	28.12	28.86	29.32	30.05

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):	35.22
MACD (12,26,9):	-0.1500
Directional Movement:	-25.48
AROON (14):	-71.43
DEMA (21):	27.51
Parabolic SAR (0,02-0,02-0,2):	27.96
Elder Ray (13):	-0.24
Super Trend (3,10):	27.84
Zig ZAG (10):	27.32
VORTEX (21):	0.8000
Stochastique (14,3,5):	5.09
TEMA (21):	27.38
Williams %R (14):	-91.89
Chande Momentum Oscillator (20):	-0.62
Repulse (5,40,3):	-0.6900
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	2.79

MA7:	27.73
MA20:	27.99
MA50:	28.25
MA100:	27.59
MAexp7:	27.47
MAexp20:	27.67
MAexp50:	27.80
MAexp100:	27.88
Price / MA7:	-1.33%
Price / MA20:	-2.25%
Price / MA50:	-3.15%
Price / MA100:	-0.83%
Price / MAexp7:	-0.40%
Price / MAexp20:	-1.12%
Price / MAexp50:	-1.58%
Price / MAexp100:	-1.87%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

Don't forget to follow the news on UMG. At the time of publication of this analysis, the latest news was as follows:

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

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