ERAMET - 15 min. - Technical analysis published on 05/24/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 89.72 EUR
My targets
86.43 EUR (-1.50%)
84.95 EUR (-3.19%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ERAMET as long as the price remains well below 89.72 EUR. The sellers' bearish objective is set at 86.43 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 84.95 EUR. In case of crossing, the next objective would be the support located at 83.85 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
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Additional analysis
Quotes
The ERAMET rating is 87.75 EUR. The price is lower by -1.57% since the last closing and was between 87.15 EUR and 88.50 EUR. This implies that the price is at +0.69% from its lowest and at -0.85% from its highest.87.15
88.50
87.75
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ERAMET:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of ERAMET indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 84.95 | 86.80 | 87.53 | 87.75 | 88.99 | 90.23 | 90.97 |
| Change (%) | -3.19% | -1.08% | -0.25% | - | +1.41% | +2.83% | +3.67% |
| Change | -2.80 | -0.95 | -0.22 | - | +1.24 | +2.48 | +3.22 |
| Level | Minor | Minor | Major | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 86.43 | 87.72 | 88.43 | 89.72 | 90.43 | 91.72 | 92.43 |
| Camarilla | 88.60 | 88.78 | 88.97 | 89.15 | 89.33 | 89.52 | 89.70 |
| Woodie | 86.15 | 87.58 | 88.15 | 89.58 | 90.15 | 91.58 | 92.15 |
| Fibonacci | 87.72 | 88.48 | 88.95 | 89.72 | 90.48 | 90.95 | 91.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.32 | 84.58 | 87.97 | 90.23 | 93.62 | 95.88 | 99.27 |
| Camarilla | 89.80 | 90.31 | 90.83 | 91.35 | 91.87 | 92.39 | 92.90 |
| Woodie | 82.88 | 84.86 | 88.53 | 90.51 | 94.18 | 96.16 | 99.83 |
| Fibonacci | 84.58 | 86.74 | 88.08 | 90.23 | 92.39 | 93.73 | 95.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.88 | 73.97 | 81.03 | 92.12 | 99.18 | 110.27 | 117.33 |
| Camarilla | 83.11 | 84.77 | 86.44 | 88.10 | 89.76 | 91.43 | 93.09 |
| Woodie | 60.88 | 72.96 | 79.03 | 91.11 | 97.18 | 109.26 | 115.33 |
| Fibonacci | 73.97 | 80.90 | 85.18 | 92.12 | 99.05 | 103.33 | 110.27 |
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): | 22.74 | |
| MACD (12,26,9): | -0.5200 | |
| Directional Movement: | -32.57 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 88.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.79 | |
| Elder Ray (13): | -1.32 | |
| Super Trend (3,10): | 88.73 | |
| Zig ZAG (10): | 87.30 | |
| VORTEX (21): | 0.6500 | |
| Stochastique (14,3,5): | 5.95 | |
| TEMA (21): | 87.84 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -2.10 | |
| Repulse (5,40,3): | -0.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 3.53 |
| MA7: | 89.29 | |
| MA20: | 87.91 | |
| MA50: | 91.88 | |
| MA100: | 94.61 | |
| MAexp7: | 88.13 | |
| MAexp20: | 89.15 | |
| MAexp50: | 89.69 | |
| MAexp100: | 89.91 | |
| Price / MA7: | -1.72% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | -4.49% | |
| Price / MA100: | -7.25% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -1.57% | |
| Price / MAexp50: | -2.16% | |
| Price / MAexp100: | -2.40% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on ERAMET at the time of the analysis were as follows:
- Eramet: Approval of resolutions proposed to the Ordinary Shareholders’ General Meeting of 23 May 2023
- Eramet: Results of the tender offer to repurchase its bonds due February 2024
- Eramet accelerates its CSR commitment with the launch of the first audit within the Initiative for Responsible Mining Assurance system
- Eramet: Launch of a tender offer to repurchase its bonds due February 2024 and potential issuance of inaugural sustainability-linked bonds
- Eramet: Q1 2023 turnover of €775m
This member declared not having a position on this financial instrument or a related financial instrument.
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