UCB - 1H - Technical analysis published on 11/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 67.14 EUR
My targets
69.81 EUR (+3.12%)
72.46 EUR (+7.03%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on UCB as long as the price remains well above 67.14 EUR. The buyers' bullish objective is set at 69.81 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 72.46 EUR. If there is any crossing, the next objective would be the resistance located at 75.17 EUR.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5
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 67.70 EUR. The price is lower by -0.09% since the last closing with the lowest point at 67.30 EUR and the highest point at 67.86 EUR. The deviation from the price is +0.59% for the low point and -0.24% for the high point.67.30
67.86
67.70
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this UCB chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 58.14 | 65.70 | 67.14 | 67.70 | 69.81 | 72.46 | 75.17 |
| Change (%) | -14.12% | -2.95% | -0.83% | - | +3.12% | +7.03% | +11.03% |
| Change | -9.56 | -2.00 | -0.56 | - | +2.11 | +4.76 | +7.47 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.29 | 66.71 | 67.23 | 67.65 | 68.17 | 68.59 | 69.11 |
| Camarilla | 67.50 | 67.59 | 67.67 | 67.76 | 67.85 | 67.93 | 68.02 |
| Woodie | 66.35 | 66.74 | 67.29 | 67.68 | 68.23 | 68.62 | 69.17 |
| Fibonacci | 66.71 | 67.07 | 67.29 | 67.65 | 68.01 | 68.23 | 68.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.87 | 62.63 | 64.21 | 66.97 | 68.55 | 71.31 | 72.89 |
| Camarilla | 64.59 | 64.98 | 65.38 | 65.78 | 66.18 | 66.58 | 66.97 |
| Woodie | 59.27 | 62.34 | 63.61 | 66.68 | 67.95 | 71.02 | 72.29 |
| Fibonacci | 62.63 | 64.29 | 65.32 | 66.97 | 68.63 | 69.66 | 71.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.97 | 59.49 | 64.27 | 73.79 | 78.57 | 88.09 | 92.87 |
| Camarilla | 65.13 | 66.44 | 67.75 | 69.06 | 70.37 | 71.68 | 72.99 |
| Woodie | 47.61 | 58.31 | 61.91 | 72.61 | 76.21 | 86.91 | 90.51 |
| Fibonacci | 59.49 | 64.95 | 68.32 | 73.79 | 79.25 | 82.62 | 88.09 |
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): | 59.51 | |
| MACD (12,26,9): | 0.2800 | |
| Directional Movement: | 13.69 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 67.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 67.38 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 66.76 | |
| Zig ZAG (10): | 67.70 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 68.81 | |
| TEMA (21): | 67.90 | |
| Williams %R (14): | -38.30 | |
| Chande Momentum Oscillator (20): | 0.38 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.68 |
| MA7: | 66.88 | |
| MA20: | 68.84 | |
| MA50: | 75.58 | |
| MA100: | 78.26 | |
| MAexp7: | 67.61 | |
| MAexp20: | 67.31 | |
| MAexp50: | 67.19 | |
| MAexp100: | 67.99 | |
| Price / MA7: | +1.23% | |
| Price / MA20: | -1.66% | |
| Price / MA50: | -10.43% | |
| Price / MA100: | -13.49% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.58% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | -0.43% |
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:
- UCB Announces U.S. Availability of BIMZELX® for the Treatment of Adults with Moderate-to-Severe Plaque Psoriasis
- Post Hoc Analysis Showed CIMZIA® (Certolizumab Pegol) Resulted in Meaningful Efficacy for RA Patients with High Levels of Rheumatoid Factor (RF)
- UCB Presents New Five-Year Data on BIMZELX® (bimekizumab-bkzx) in Ankylosing Spondylitis at ACR Convergence 2023
- UCB presents latest data from generalized myasthenia gravis portfolio at 2023 American Association of Neuromuscular & Electrodiagnostic Medicine (AANEM) Annual Meeting and Myasthenia Gravis Foundation of America (MGFA) Scientific Session
- NAYZILAM® (midazolam) Results Published in 'Epilepsy & Behavior' Examining the Impact of Dose on Return to Full Baseline Function (RTFBF) for People with Seizure Clusters
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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