UBISOFT ENTERTAIN

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	UBI
ISIN:	FR0000054470

UBISOFT ENTERTAIN - 1H - Technical analysis published on 05/07/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 22.566 EUR

My targets

23.397 EUR (+2.71%)

24.333 EUR (+6.82%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on UBISOFT ENTERTAIN as long as the price remains well above 22.566 EUR. The buyers' bullish objective is set at 23.397 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.333 EUR. If there is any crossing, the next objective would be the resistance located at 25.900 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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 UBISOFT ENTERTAIN rating is 22.780 EUR. On the day, this instrument gained +5.27% and was between 22.620 EUR and 23.200 EUR. This implies that the price is at +0.71% from its lowest and at -1.81% from its highest.

22.620

23.200

22.780

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

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 Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this UBISOFT ENTERTAIN chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

MACD 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:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21.680	22.013	22.566	22.780	24.333	25.900	27.410
Change (%)	-4.83%	-3.37%	-0.94%	-	+6.82%	+13.70%	+20.32%
Change	-1.100	-0.767	-0.214	-	+1.553	+3.120	+4.630
Level	Minor	Major	Minor	-	Major	Minor	Minor

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	20.700	21.120	21.380	21.800	22.060	22.480	22.740
Camarilla	21.453	21.515	21.578	21.640	21.702	21.765	21.827
Woodie	20.620	21.080	21.300	21.760	21.980	22.440	22.660
Fibonacci	21.120	21.380	21.540	21.800	22.060	22.220	22.480

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.637	21.143	21.557	22.063	22.477	22.983	23.397
Camarilla	21.717	21.801	21.886	21.970	22.054	22.139	22.223
Woodie	20.590	21.120	21.510	22.040	22.430	22.960	23.350
Fibonacci	21.143	21.495	21.712	22.063	22.415	22.632	22.983

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.820	17.970	20.070	21.220	23.320	24.470	26.570
Camarilla	21.276	21.574	21.872	22.170	22.468	22.766	23.064
Woodie	17.295	18.208	20.545	21.458	23.795	24.708	27.045
Fibonacci	17.970	19.212	19.979	21.220	22.462	23.229	24.470

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):	69.54
MACD (12,26,9):	0.0330
Directional Movement:	34.499
AROON (14):	7.143
DEMA (21):	22.146
Parabolic SAR (0,02-0,02-0,2):	21.540
Elder Ray (13):	0.741
Super Trend (3,10):	22.053
Zig ZAG (10):	22.870
VORTEX (21):	0.9010
Stochastique (14,3,5):	56.25
TEMA (21):	22.155
Williams %R (14):	-19.88
Chande Momentum Oscillator (20):	0.840
Repulse (5,40,3):	-0.3640
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	1.49

MA7:	22.111
MA20:	21.438
MA50:	20.558
MA100:	21.360
MAexp7:	22.238
MAexp20:	22.128
MAexp50:	22.057
MAexp100:	21.797
Price / MA7:	+3.03%
Price / MA20:	+6.26%
Price / MA50:	+10.81%
Price / MA100:	+6.65%
Price / MAexp7:	+2.44%
Price / MAexp20:	+2.95%
Price / MAexp50:	+3.28%
Price / MAexp100:	+4.51%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on UBISOFT ENTERTAIN at the time of the analysis were as follows:

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

About author

Londinia AI

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