PHARMING GROUP

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	PHARM
ISIN:	NL0010391025

PHARMING GROUP - 1H - Technical analysis published on 06/24/2024 (GMT)

Londinia

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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

56%

22%

My opinion

Bullish above 0.7440 EUR

My targets

0.7915 EUR (+3.87%)

0.8320 EUR (+9.19%)

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 PHARMING GROUP as long as the price remains well above 0.7440 EUR. The buyers' bullish objective is set at 0.7915 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8320 EUR. If there is any crossing, the next objective would be the resistance located at 0.8497 EUR.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

3.2

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 PHARMING GROUP price is 0.7620 EUR. The price registered an increase of +2.35% on the session and was between 0.7450 EUR and 0.7620 EUR. This implies that the price is at +2.28% from its lowest and at 0% from its highest.

0.7450

0.7620

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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

Technical analysis of PHARMING GROUP in 1H shows an overall 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. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7220	0.7341	0.7440	0.7620	0.7644	0.7915	0.8320
Change (%)	-5.25%	-3.66%	-2.36%	-	+0.31%	+3.87%	+9.19%
Change	-0.0400	-0.0279	-0.0180	-	+0.0024	+0.0295	+0.0700
Level	Intermediate	Intermediate	Minor	-	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	0.7118	0.7262	0.7353	0.7497	0.7588	0.7732	0.7823
Camarilla	0.7380	0.7402	0.7424	0.7445	0.7467	0.7488	0.7510
Woodie	0.7093	0.7249	0.7328	0.7484	0.7563	0.7719	0.7798
Fibonacci	0.7262	0.7351	0.7407	0.7497	0.7586	0.7642	0.7732

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7003	0.7172	0.7308	0.7477	0.7613	0.7782	0.7918
Camarilla	0.7361	0.7389	0.7417	0.7445	0.7473	0.7501	0.7529
Woodie	0.6988	0.7164	0.7293	0.7469	0.7598	0.7774	0.7903
Fibonacci	0.7172	0.7288	0.7360	0.7477	0.7593	0.7665	0.7782

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.5317	0.6268	0.7237	0.8188	0.9157	1.0108	1.1077
Camarilla	0.7677	0.7853	0.8029	0.8205	0.8381	0.8557	0.8733
Woodie	0.5325	0.6273	0.7245	0.8193	0.9165	1.0113	1.1085
Fibonacci	0.6268	0.7002	0.7455	0.8188	0.8922	0.9375	1.0108

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):	60.85
MACD (12,26,9):	0.0001
Directional Movement:	19.1418
AROON (14):	-50.0000
DEMA (21):	0.7492
Parabolic SAR (0,02-0,02-0,2):	0.7405
Elder Ray (13):	0.0039
Super Trend (3,10):	0.7325
Zig ZAG (10):	0.7600
VORTEX (21):	1.0076
Stochastique (14,3,5):	41.13
TEMA (21):	0.7500
Williams %R (14):	-17.02
Chande Momentum Oscillator (20):	0.0095
Repulse (5,40,3):	1.6735
ROCnROLL:	1
TRIX (15,9):	-0.0044
Courbe Coppock:	0.15

MA7:	0.7487
MA20:	0.7806
MA50:	0.8409
MA100:	0.9426
MAexp7:	0.7495
MAexp20:	0.7494
MAexp50:	0.7517
MAexp100:	0.7617
Price / MA7:	+1.78%
Price / MA20:	-2.38%
Price / MA50:	-9.38%
Price / MA100:	-19.16%
Price / MAexp7:	+1.67%
Price / MAexp20:	+1.68%
Price / MAexp50:	+1.37%
Price / MAexp100:	+0.04%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

Don't forget to follow the news on PHARMING GROUP. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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