UCB - 1H - Technical analysis published on 02/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 104.45 EUR
My targets
108.39 EUR (+3.23%)
112.77 EUR (+7.40%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on UCB as long as the price remains well above 104.45 EUR. The buyers' bullish objective is set at 108.39 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 112.77 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
0
10
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UCB rating 105.00 EUR. The price registered an increase of +8.09% on the session and was between 95.60 EUR and 105.00 EUR. This implies that the price is at +9.83% from its lowest and at 0% from its highest.95.60
105.00
105.00
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical
Technical analysis of UCB in 1H shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 93.18 | 97.11 | 104.45 | 105.00 | 108.39 | 112.77 |
| Change (%) | -11.26% | -7.51% | -0.52% | - | +3.23% | +7.40% |
| Change | -11.82 | -7.89 | -0.55 | - | +3.39 | +7.77 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.33 | 92.47 | 98.73 | 101.87 | 108.13 | 111.27 | 117.53 |
| Camarilla | 102.42 | 103.28 | 104.14 | 105.00 | 105.86 | 106.72 | 107.59 |
| Woodie | 90.90 | 93.25 | 100.30 | 102.65 | 109.70 | 112.05 | 119.10 |
| Fibonacci | 92.47 | 96.06 | 98.28 | 101.87 | 105.46 | 107.68 | 111.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.16 | 92.42 | 94.42 | 95.68 | 97.68 | 98.94 | 100.94 |
| Camarilla | 95.52 | 95.82 | 96.12 | 96.42 | 96.72 | 97.02 | 97.32 |
| Woodie | 91.53 | 92.61 | 94.79 | 95.87 | 98.05 | 99.13 | 101.31 |
| Fibonacci | 92.42 | 93.67 | 94.44 | 95.68 | 96.93 | 97.70 | 98.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.20 | 75.46 | 81.38 | 84.64 | 90.56 | 93.82 | 99.74 |
| Camarilla | 84.78 | 85.62 | 86.46 | 87.30 | 88.14 | 88.98 | 89.83 |
| Woodie | 73.53 | 76.13 | 82.71 | 85.31 | 91.89 | 94.49 | 101.07 |
| Fibonacci | 75.46 | 78.97 | 81.13 | 84.64 | 88.15 | 90.31 | 93.82 |
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): | 89.93 | |
| MACD (12,26,9): | 2.0300 | |
| Directional Movement: | 43.34 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 102.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 96.33 | |
| Elder Ray (13): | 3.41 | |
| Super Trend (3,10): | 100.54 | |
| Zig ZAG (10): | 105.00 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 95.71 | |
| TEMA (21): | 103.86 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 8.54 | |
| Repulse (5,40,3): | 2.7900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 12.96 |
| MA7: | 97.15 | |
| MA20: | 93.27 | |
| MA50: | 86.44 | |
| MA100: | 79.17 | |
| MAexp7: | 102.94 | |
| MAexp20: | 100.17 | |
| MAexp50: | 97.95 | |
| MAexp100: | 96.03 | |
| Price / MA7: | +8.08% | |
| Price / MA20: | +12.58% | |
| Price / MA50: | +21.47% | |
| Price / MA100: | +32.63% | |
| Price / MAexp7: | +2.00% | |
| Price / MAexp20: | +4.82% | |
| Price / MAexp50: | +7.20% | |
| Price / MAexp100: | +9.34% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on UCB. At the time of publication of this analysis, the latest news was as follows:
- UCB on Growth Path for a Decade Plus
- ZILBRYSQ® (zilucoplan) Is Now Commercially Available in the U.S. for the Treatment of Generalized Myasthenia Gravis (gMG) in Adult Patients Who Are Anti-Acetylcholine Receptor (AChR) Antibody Positive
- UCB presents new data about the real-world experience of FINTEPLA® (fenfluramine) and rare epilepsy syndromes at 2023 American Epilepsy Society (AES) Annual Meeting
- UCB presents new data advancing patient-focused scientific leadership at American Epilepsy Society Annual Meeting
- UCB Announces U.S. Availability of BIMZELX® for the Treatment of Adults with Moderate-to-Severe Plaque Psoriasis
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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