J.MARTINS,SGPS - 1H - Technical analysis published on 11/20/2023 (GMT)
- 198
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 22.26 EUR
My targets
21.54 EUR (-1.82%)
20.53 EUR (-6.43%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on J.MARTINS,SGPS as long as the price remains well below 22.26 EUR. The next bearish objective for sellers is set at 21.54 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.53 EUR. If there is any crossing, the next objective would be the support located at 19.91 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.4
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
J.MARTINS,SGPS rating 21.94 EUR. The price has increased by +0.83% since the last closing and was traded between 21.40 EUR and 21.96 EUR over the period. The price is currently at +2.52% from its lowest and -0.09% from its highest.21.40
21.96
21.94
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by J.MARTINS,SGPS:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of J.MARTINS,SGPS indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly 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.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.91 | 20.53 | 21.54 | 21.94 | 21.97 | 22.26 | 22.68 |
| Change (%) | -9.25% | -6.43% | -1.82% | - | +0.14% | +1.46% | +3.37% |
| Change | -2.03 | -1.41 | -0.40 | - | +0.03 | +0.32 | +0.74 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Major |
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 | 21.27 | 21.51 | 21.63 | 21.87 | 21.99 | 22.23 | 22.35 |
| Camarilla | 21.66 | 21.69 | 21.73 | 21.76 | 21.79 | 21.83 | 21.86 |
| Woodie | 21.22 | 21.48 | 21.58 | 21.84 | 21.94 | 22.20 | 22.30 |
| Fibonacci | 21.51 | 21.64 | 21.73 | 21.87 | 22.00 | 22.09 | 22.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.53 | 21.13 | 21.45 | 22.05 | 22.37 | 22.97 | 23.29 |
| Camarilla | 21.51 | 21.59 | 21.68 | 21.76 | 21.84 | 21.93 | 22.01 |
| Woodie | 20.38 | 21.06 | 21.30 | 21.98 | 22.22 | 22.90 | 23.14 |
| Fibonacci | 21.13 | 21.49 | 21.70 | 22.05 | 22.41 | 22.62 | 22.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.27 | 18.37 | 20.07 | 21.17 | 22.87 | 23.97 | 25.67 |
| Camarilla | 21.01 | 21.27 | 21.52 | 21.78 | 22.04 | 22.29 | 22.55 |
| Woodie | 17.58 | 18.52 | 20.38 | 21.32 | 23.18 | 24.12 | 25.98 |
| Fibonacci | 18.37 | 19.44 | 20.10 | 21.17 | 22.24 | 22.90 | 23.97 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.96 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -25.49 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 21.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.41 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 22.02 | |
| Zig ZAG (10): | 21.94 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 71.83 | |
| TEMA (21): | 21.80 | |
| Williams %R (14): | -22.86 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 0.9400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.74 |
| MA7: | 22.13 | |
| MA20: | 21.96 | |
| MA50: | 21.27 | |
| MA100: | 22.87 | |
| MAexp7: | 21.89 | |
| MAexp20: | 21.95 | |
| MAexp50: | 22.09 | |
| MAexp100: | 22.08 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | +3.15% | |
| Price / MA100: | -4.07% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.68% | |
| Price / MAexp100: | -0.63% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The last news published on J.MARTINS,SGPS at the time of the generation of this analysis was as follows:
- Katalon Appoints Alex Martins as Vice President of Strategy
- Bitcoin Education and Awareness: Jonathan Martin's Strategies for Promoting Financial Literacy
- Fine Fragrance RE│IMAGINED: Firmenich and Central Saint Martins Project the Future Role of Fine Fragrance
- Fine Fragrance RE│IMAGINED: Firmenich and Central Saint Martins Project the Future Role of Fine Fragrance
- Mārtiņš Pūriņš leaves his position as JSC Olainfarm Management Board member
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 J.MARTINS,SGPS - 1H