Umicore SA (UMI.BXS)

Close: 11.33 (+0.33), Sep 19, 2024
Negative

Medium risk

chart Umicore SA (UMI) Candlesticks 22 Days
Candlesticks
chart Umicore SA (UMI) Short term
Short term: Hold
chart Umicore SA (UMI) Medium term
Medium term: Weak Negative
chart Umicore SA (UMI) Long term
Long term: Negative
chart Umicore SA (UMI)
RSI - Relative Strength Index

Short term

Umicore SA has broken through the ceiling of a falling trend channel in the short term. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock has marginally broken up through resistance at euro 11.20. An established break predicts a further rise. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the trend break. The stock is overall assessed as technically neutral for the short term.

Recommendation one to six weeks: Hold (Score: -2)

Medium term

Umicore SA has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The stock has support at euro 9.70 and resistance at euro 21.40. The stock is assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative (Score: -40)

Long term

Umicore SA has broken the falling trend channel down in the long term. This signals an even stronger falling rate, but the negative development may result in corrections up in the short term. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the stock has resistance at 30.00 euro. The stock is assessed as technically negative for the long term.

Recommendation one to six quarters: Negative (Score: -88)


Overall analysis

Umicore SA is technically neutral for the short term, but negative for the medium and long term.

Recommendation one to six months: Negative (Score: -63)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.59%8.95+3.00%
5 days-39.945.36%8.21+13.58%
22 days11.1514.46%16.41+1.43%
66 days10.1732.57%10.64-21.70%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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