UCB - 1H - Technical analysis published on 04/25/2024 (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
78%
6%
17%
My opinion
Bullish above 122.60 EUR
My targets
124.60 EUR (+1.01%)
My analysis
UCB is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 122.60 EUR. The next resistance located at 124.60 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.4
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UCB rating 123.35 EUR. The price registered an increase of +2.11% on the session with the lowest point at 120.60 EUR and the highest point at 123.70 EUR. The deviation from the price is +2.28% for the low point and -0.28% for the high point.120.60
123.70
123.35
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 120.00 | 121.15 | 122.60 | 123.35 | 124.60 |
| Change (%) | -2.72% | -1.78% | -0.61% | - | +1.01% |
| Change | -3.35 | -2.20 | -0.75 | - | +1.25 |
| Level | Minor | Intermediate | 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 | 118.27 | 119.33 | 120.07 | 121.13 | 121.87 | 122.93 | 123.67 |
| Camarilla | 120.31 | 120.47 | 120.64 | 120.80 | 120.97 | 121.13 | 121.30 |
| Woodie | 118.10 | 119.25 | 119.90 | 121.05 | 121.70 | 122.85 | 123.50 |
| Fibonacci | 119.33 | 120.02 | 120.45 | 121.13 | 121.82 | 122.25 | 122.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.18 | 116.47 | 118.83 | 120.12 | 122.48 | 123.77 | 126.13 |
| Camarilla | 120.20 | 120.53 | 120.87 | 121.20 | 121.54 | 121.87 | 122.20 |
| Woodie | 115.73 | 116.74 | 119.38 | 120.39 | 123.03 | 124.04 | 126.68 |
| Fibonacci | 116.47 | 117.86 | 118.72 | 120.12 | 121.51 | 122.37 | 123.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.98 | 100.17 | 107.28 | 111.47 | 118.58 | 122.77 | 129.88 |
| Camarilla | 111.29 | 112.33 | 113.36 | 114.40 | 115.44 | 116.47 | 117.51 |
| Woodie | 97.45 | 100.90 | 108.75 | 112.20 | 120.05 | 123.50 | 131.35 |
| Fibonacci | 100.17 | 104.48 | 107.15 | 111.47 | 115.78 | 118.45 | 122.77 |
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): | 64.68 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 11.42 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 122.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 120.70 | |
| Elder Ray (13): | 1.15 | |
| Super Trend (3,10): | 120.96 | |
| Zig ZAG (10): | 123.50 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 85.83 | |
| TEMA (21): | 122.11 | |
| Williams %R (14): | -13.64 | |
| Chande Momentum Oscillator (20): | 1.75 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.12 |
| MA7: | 121.24 | |
| MA20: | 117.93 | |
| MA50: | 109.81 | |
| MA100: | 95.79 | |
| MAexp7: | 122.56 | |
| MAexp20: | 122.02 | |
| MAexp50: | 121.42 | |
| MAexp100: | 119.94 | |
| Price / MA7: | +1.74% | |
| Price / MA20: | +4.60% | |
| Price / MA50: | +12.33% | |
| Price / MA100: | +28.77% | |
| Price / MAexp7: | +0.64% | |
| Price / MAexp20: | +1.09% | |
| Price / MAexp50: | +1.59% | |
| Price / MAexp100: | +2.84% |
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 presents new data highlighting developments across expansive neurology portfolio at 76th American Academy of Neurology (AAN) Annual Meeting
- UCB Launches Make HStory, an Educational Campaign Offering Resources and Support for Those Living with Hidradenitis Suppurativa
- FDA Accepts Supplemental Biologics License Applications for BIMZELX® (bimekizumab-bkzx) for Moderate-to-Severe Hidradenitis Suppurativa and Additional 2mL Device Presentations
- First Presentation of Year 4 BIMZELX® (bimekizumab-bkzx) Data Showed Long-Term Maintenance of Complete Skin Clearance in Moderate-to-Severe Plaque Psoriasis
- BIMZELX® 48-Week Phase 3 Analyses in Moderate-to-Severe Hidradenitis Suppurativa Showed Sustained Improvements in Skin Pain and Draining Tunnel Count
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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