Londinia Opportunities Analyses - 05/23/2022 (GMT) UCB - 1H

UCB
- EUR (-)
- 15 min delayed data - Euronext Bruxelles
Type: Stocks
Ticker: UCB
ISIN: BE0003739530

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • Europe Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 85.56 EUR
My targets
81.62 EUR (-2.86%)
76.35 EUR (-9.13%)
My analysis
The bearish trend is currently very strong for UCB. As long as the price remains below the resistance at 85.56 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 81.62 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 76.35 EUR as an objective. Crossing it would then enable sellers to target 66.07 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.4

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The UCB rating is 84.02 EUR. The price registered a decrease of -3.45% on the session and was between 83.46 EUR and 87.74 EUR. This implies that the price is at +0.67% from its lowest and at -4.24% from its highest.

83.46
87.74
84.02

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by UCB:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of UCB in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 66.07 76.35 83.94 84.02 88.38 94.77 98.64
Change (%) -21.36% -9.13% -0.10% - +5.19% +12.79% +17.40%
Change -17.95 -7.67 -0.08 - +4.36 +10.75 +14.62
Level Minor Major Major - Major Intermediate 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
Standard83.9585.2986.1587.4988.3589.6990.55
Camarilla86.4286.6286.8287.0287.2287.4287.63
Woodie83.7285.1785.9287.3788.1289.5790.32
Fibonacci85.2986.1386.6587.4988.3388.8589.69


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard81.6284.1085.5688.0489.5091.9893.44
Camarilla85.9486.3086.6687.0287.3887.7488.10
Woodie81.1183.8585.0587.7988.9991.7392.93
Fibonacci84.1085.6186.5488.0489.5590.4891.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard95.58100.66104.53109.61113.48118.56122.43
Camarilla105.94106.76107.58108.40109.22110.04110.86
Woodie94.98100.36103.93109.31112.88118.26121.83
Fibonacci100.66104.08106.19109.61113.03115.14118.56

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 23.69
MACD (12,26,9): -1.1800
Directional Movement: -29.40
AROON (14): -100.00
DEMA (21): 85.47
Parabolic SAR (0,02-0,02-0,2): 88.32
Elder Ray (13): -2.43
Super Trend (3,10): 86.51
Zig ZAG (10): 84.04
VORTEX (21): 0.7500
Stochastique (14,3,5): 3.91
TEMA (21): 85.11
Williams %R (14): -90.07
Chande Momentum Oscillator (20): -3.56
Repulse (5,40,3): -2.2200
ROCnROLL: 2
TRIX (15,9): -0.1200
Courbe Coppock: 6.19
MA7: 87.87
MA20: 98.67
MA50: 103.62
MA100: 96.93
MAexp7: 85.33
MAexp20: 86.85
MAexp50: 89.06
MAexp100: 92.88
Price / MA7: -4.38%
Price / MA20: -14.85%
Price / MA50: -18.92%
Price / MA100: -13.32%
Price / MAexp7: -1.54%
Price / MAexp20: -3.26%
Price / MAexp50: -5.66%
Price / MAexp100: -9.54%

Quotes : - 15 min delayed data - Euronext Bruxelles