UCB - Daily - Technical analysis published on 10/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 67.80 EUR
My targets
69.52 EUR (+0.23%)
71.12 EUR (+2.54%)
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 67.80 EUR. The buyers” bullish objective is set at 69.52 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 71.12 EUR. If there is any crossing, the next objective would be the resistance located at 73.57 EUR.
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
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The UCB price is 69.36 EUR. On the day, this instrument lost -0.60% and was between 68.96 EUR and 69.84 EUR. This implies that the price is at +0.58% from its lowest and at -0.69% from its highest.68.96
69.84
69.36
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of UCB in Daily shows an overall bullish trend. 75% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 55.74 | 62.26 | 67.80 | 69.36 | 69.52 | 71.12 | 73.57 |
| Change (%) | -19.64% | -10.24% | -2.25% | - | +0.23% | +2.54% | +6.07% |
| Change | -13.62 | -7.10 | -1.56 | - | +0.16 | +1.76 | +4.21 |
| Level | Major | Major | Major | - | Intermediate | Major | 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 | 67.31 | 67.81 | 68.79 | 69.29 | 70.27 | 70.77 | 71.75 |
| Camarilla | 69.37 | 69.51 | 69.64 | 69.78 | 69.92 | 70.05 | 70.19 |
| Woodie | 67.56 | 67.93 | 69.04 | 69.41 | 70.52 | 70.89 | 72.00 |
| Fibonacci | 67.81 | 68.37 | 68.72 | 69.29 | 69.85 | 70.20 | 70.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.05 | 65.61 | 67.69 | 69.25 | 71.33 | 72.89 | 74.97 |
| Camarilla | 68.78 | 69.11 | 69.45 | 69.78 | 70.11 | 70.45 | 70.78 |
| Woodie | 64.32 | 65.74 | 67.96 | 69.38 | 71.60 | 73.02 | 75.24 |
| Fibonacci | 65.61 | 67.00 | 67.86 | 69.25 | 70.64 | 71.50 | 72.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.29 | 61.63 | 64.11 | 66.45 | 68.93 | 71.27 | 73.75 |
| Camarilla | 65.27 | 65.72 | 66.16 | 66.60 | 67.04 | 67.48 | 67.93 |
| Woodie | 59.37 | 61.67 | 64.19 | 66.49 | 69.01 | 71.31 | 73.83 |
| Fibonacci | 61.63 | 63.47 | 64.61 | 66.45 | 68.29 | 69.43 | 71.27 |
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): | 59.73 | |
| MACD (12,26,9): | 0.9000 | |
| Directional Movement: | 12.40 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 68.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 67.33 | |
| Elder Ray (13): | 1.35 | |
| Super Trend (3,10): | 65.52 | |
| Zig ZAG (10): | 69.42 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 74.38 | |
| TEMA (21): | 69.57 | |
| Williams %R (14): | -24.42 | |
| Chande Momentum Oscillator (20): | 5.00 | |
| Repulse (5,40,3): | 1.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 14.90 |
| MA7: | 69.03 | |
| MA20: | 66.53 | |
| MA50: | 66.60 | |
| MA100: | 69.01 | |
| MAexp7: | 68.78 | |
| MAexp20: | 67.50 | |
| MAexp50: | 67.32 | |
| MAexp100: | 68.36 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +4.25% | |
| Price / MA50: | +4.14% | |
| Price / MA100: | +0.51% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +2.76% | |
| Price / MAexp50: | +3.03% | |
| Price / MAexp100: | +1.46% |
News
The latest news and videos published on UCB at the time of the analysis were as follows:
- Bimekizumab Phase 3 Psoriasis Study Meets All Endpoints, Achieving Significantly Greater Efficacy Versus Placebo and Ustekinumab
- UCB Agrees to Acquire Ra Pharmaceuticals: Joining Forces to Improve Treatment Options for People Living With Myasthenia Gravis and Other Rare Diseases
- UCB Agrees to Acquire Ra Pharmaceuticals: Joining Forces to Improve Treatment Options for People Living With Myasthenia Gravis and Other Rare Diseases
- UCB Agrees to Acquire Ra Pharmaceuticals: Joining Forces to Improve Treatment Options for People Living With Myasthenia Gravis and Other Rare Diseases
- UCB Half Year Report 2019: UCB's Strong Performance Enables Continued Investment Into Future Growth Drivers
This member declared not having a position on this financial instrument or a related financial instrument.
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