UV GERMI - Daily - Technical analysis published on 07/10/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 5.14 EUR
My targets
9.90 EUR (+43.48%)
11.80 EUR (+71.01%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on UV GERMI as long as the price remains well above 5.14 EUR. The buyers' bullish objective is set at 9.90 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.80 EUR. If there is any crossing, the next objective would be the resistance located at 17.20 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 overbought items that could be a sign of a possible short-term correction.
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
0
10
8.4
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Additional analysis
Quotes
The UV GERMI price is 6.90 EUR. The price has increased by +39.96% since the last closing with the lowest point at 5.20 EUR and the highest point at 6.90 EUR. The deviation from the price is +32.69% for the low point and 0% for the high point.5.20
6.90
6.90
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 UV GERMI:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on UV GERMI were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Daily chart of UV GERMI indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
White marubozu
Type : Bullish
Timeframe : Daily
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.88 | 4.34 | 4.98 | 6.90 | 9.90 | 11.80 | 17.20 |
| Change (%) | -43.77% | -37.10% | -27.83% | - | +43.48% | +71.01% | +149.28% |
| Change | -3.02 | -2.56 | -1.92 | - | +3.00 | +4.90 | +10.30 |
| Level | Major | Intermediate | Intermediate | - | Minor | 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 | 4.73 | 4.78 | 4.85 | 4.90 | 4.97 | 5.02 | 5.09 |
| Camarilla | 4.90 | 4.91 | 4.92 | 4.93 | 4.94 | 4.95 | 4.96 |
| Woodie | 4.75 | 4.79 | 4.87 | 4.91 | 4.99 | 5.03 | 5.11 |
| Fibonacci | 4.78 | 4.82 | 4.85 | 4.90 | 4.94 | 4.97 | 5.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.33 | 4.47 | 4.70 | 4.84 | 5.07 | 5.21 | 5.44 |
| Camarilla | 4.83 | 4.86 | 4.90 | 4.93 | 4.96 | 5.00 | 5.03 |
| Woodie | 4.38 | 4.49 | 4.75 | 4.86 | 5.12 | 5.23 | 5.49 |
| Fibonacci | 4.47 | 4.61 | 4.70 | 4.84 | 4.98 | 5.07 | 5.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.97 | 4.13 | 4.36 | 4.52 | 4.75 | 4.91 | 5.14 |
| Camarilla | 4.47 | 4.51 | 4.54 | 4.58 | 4.62 | 4.65 | 4.69 |
| Woodie | 4.00 | 4.15 | 4.39 | 4.54 | 4.78 | 4.93 | 5.17 |
| Fibonacci | 4.13 | 4.28 | 4.37 | 4.52 | 4.67 | 4.76 | 4.91 |
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): | 79.73 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 48.17 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 5.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.53 | |
| Elder Ray (13): | 1.01 | |
| Super Trend (3,10): | 4.90 | |
| Zig ZAG (10): | 6.90 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 84.38 | |
| TEMA (21): | 5.34 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 2.40 | |
| Repulse (5,40,3): | 33.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 33.82 |
| MA7: | 5.12 | |
| MA20: | 4.64 | |
| MA50: | 4.64 | |
| MA100: | 4.33 | |
| MAexp7: | 5.31 | |
| MAexp20: | 4.78 | |
| MAexp50: | 4.58 | |
| MAexp100: | 4.39 | |
| Price / MA7: | +34.77% | |
| Price / MA20: | +48.71% | |
| Price / MA50: | +48.71% | |
| Price / MA100: | +59.35% | |
| Price / MAexp7: | +29.94% | |
| Price / MAexp20: | +44.35% | |
| Price / MAexp50: | +50.66% | |
| Price / MAexp100: | +57.18% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on UV GERMI 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.
About author
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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…
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