UCB

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	UCB
ISIN:	BE0003739530

UCB - Daily - Technical analysis published on 03/27/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 78.26 EUR

My targets

86.58 EUR (+7.07%)

88.38 EUR (+9.30%)

My analysis

The basic bullish trend is very strong on UCB but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 78.26 EUR. Crossing the first resistance at 86.58 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 88.38 EUR as an objective. Crossing it would then enable buyers to target 98.63 EUR. Caution, a return to below 78.26 EUR would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.4

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 UCB rating is 80.86 EUR. On the day, this instrument gained +2.38% and was traded between 79.78 EUR and 81.40 EUR over the period. The price is currently at +1.35% from its lowest and -0.66% from its highest.

79.78

81.40

80.86

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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this UCB chart shows a strongly bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

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

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

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

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	73.29	76.35	78.26	80.86	81.16	86.58	88.38
Change (%)	-9.36%	-5.58%	-3.22%	-	+0.37%	+7.07%	+9.30%
Change	-7.57	-4.51	-2.60	-	+0.30	+5.72	+7.52
Level	Intermediate	Major	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	77.66	78.02	78.50	78.86	79.34	79.70	80.18
Camarilla	78.75	78.83	78.90	78.98	79.06	79.13	79.21
Woodie	77.72	78.05	78.56	78.89	79.40	79.73	80.24
Fibonacci	78.02	78.34	78.54	78.86	79.18	79.38	79.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.07	74.43	76.71	78.07	80.35	81.71	83.99
Camarilla	77.98	78.31	78.65	78.98	79.31	79.65	79.98
Woodie	73.52	74.66	77.16	78.30	80.80	81.94	84.44
Fibonacci	74.43	75.82	76.68	78.07	79.46	80.32	81.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	65.01	68.93	75.15	79.07	85.29	89.21	95.43
Camarilla	78.59	79.52	80.45	81.38	82.31	83.24	84.17
Woodie	66.17	69.51	76.31	79.65	86.45	89.79	96.59
Fibonacci	68.93	72.80	75.19	79.07	82.94	85.33	89.21

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):	56.95
MACD (12,26,9):	0.1400
Directional Movement:	8.61
AROON (14):	35.71
DEMA (21):	79.56
Parabolic SAR (0,02-0,02-0,2):	75.80
Elder Ray (13):	1.29
Super Trend (3,10):	76.82
Zig ZAG (10):	80.80
VORTEX (21):	0.9400
Stochastique (14,3,5):	68.55
TEMA (21):	79.15
Williams %R (14):	-10.71
Chande Momentum Oscillator (20):	-0.02
Repulse (5,40,3):	1.7000
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	3.38

MA7:	78.84
MA20:	79.63
MA50:	78.32
MA100:	76.73
MAexp7:	79.33
MAexp20:	79.27
MAexp50:	78.46
MAexp100:	77.79
Price / MA7:	+2.56%
Price / MA20:	+1.54%
Price / MA50:	+3.24%
Price / MA100:	+5.38%
Price / MAexp7:	+1.93%
Price / MAexp20:	+2.01%
Price / MAexp50:	+3.06%
Price / MAexp100:	+3.95%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on UCB 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.

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