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$ECMPA (Eurocommercial) Price Analysis
Buy, Hold or Sell?

Let's analyze Eurocommercial together

Penke

I guess you are interested in Eurocommercial. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – Eurocommercial’s Price Targets

I'm going to help you getting a better view of Eurocommercial. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Eurocommercial
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Eurocommercial. The general trend of Eurocommercial is BULLISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Eurocommercial's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (14.3%) Bearish trend (-14.3%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Eurocommercial Price Targets

1.1 sr

Score

Let's take a look at the sr of Eurocommercial.

  • The price is trading arround resistance levels. This can be considered as a potential exit level.
Eurocommercial Daily sr Chart
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2. Trend Indicators

2.1 Moving Averages

Score

Let's take a look at the Moving Averages of Eurocommercial.

  • The SHORT shows a strengthening upward trend.
  • Price action is supported by the SHORT.
  • The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
  • The SHORT is lagging behind the INTER, indicating weaker trend alignment.
  • The SHORT is lagging behind the LONG, indicating weaker trend alignment.
  • The MEDIUM shows a strengthening upward trend.
  • Price action is supported by the MEDIUM.
  • The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
  • The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
  • The INTER shows a strengthening upward trend.
  • Price action is supported by the INTER.
  • The INTER is lagging behind the LONG, indicating weaker trend alignment.
  • The LONG shows a strengthening upward trend.
  • Price action is supported by the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Eurocommercial Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Eurocommercial.

  • Momentum is leaning bullish. Buying pressure currently dominates selling pressure, suggesting growing optimism and increased willingness to accumulate Eurocommercial.
  • Overall momentum is positive. Market conditions reflect constructive sentiment, with buyers gradually gaining influence and supporting a favorable environment for Eurocommercial.
  • Momentum is improving. Bullish pressure is strengthening as confidence builds and market participants position for potential continuation.
Eurocommercial Daily Moving Average Convergence/Divergence (MACD) ChartEurocommercial Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

Score

Let's take a look at the Directional Movement Index (DMI) of Eurocommercial.

  • Directional bias favors buyers. Buying pressure currently dominates selling pressure, reflecting constructive sentiment and growing confidence among market participants.
  • Directional bias leans bullish while trend strength is beginning to build, often seen during early stages of trend development.
Eurocommercial Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Score

Let's take a look at the Parabolic SAR of Eurocommercial.

  • Price action is supported by the prevailing trend structure, which is commonly interpreted as a bullish market signal.
Eurocommercial Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Score

Let's take a look at the Relative Strength Index (RSI) of Eurocommercial. The current phase is Continuation in bull market.

  • Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Momentum is improving as buying interest gradually strengthens.
Eurocommercial Daily Relative Strength Index (RSI) ChartEurocommercial Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Score

Let's take a look at the Stochastic Oscillator of Eurocommercial. The current phase is Overbought in bull market.

  • Momentum favors buyers, indicating constructive short-term market participation.
  • Momentum is stretched to the upside, suggesting the market may be overheated and vulnerable to a pause or pullback.
  • Momentum is leaning bullish, with buying pressure currently dominating selling interest and supporting positive short-term sentiment for Eurocommercial.
  • Momentum is improving as buying interest strengthens and short-term sentiment turns more positive.
Eurocommercial Daily Stochastic Oscillator ChartEurocommercial Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Score

Let's take a look at the Commodity Channel Index (CCI) of Eurocommercial.

  • Price action appears stretched to the upside, suggesting momentum may be overheated and vulnerable to a pause or pullback.
Eurocommercial Daily Commodity Channel Index (CCI) ChartEurocommercial Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Eurocommercial.

  • Momentum is leaning positive, indicating constructive market conditions and increasing upside participation.
Eurocommercial Daily Chande Momentum Oscillator (CMO) ChartEurocommercial Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Score

Let's take a look at the Williams %R of Eurocommercial.

  • Upward momentum appears stretched, suggesting buying pressure may be excessive and a pause or pullback could occur.
Eurocommercial Daily Williams %R ChartEurocommercial Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Score

Let's take a look at the Bollinger Bands of Eurocommercial.

Eurocommercial Daily Bollinger Bands Chart
4.2 Average True Range (ATR)

Score

Let's take a look at the Average True Range (ATR) of Eurocommercial.

Eurocommercial Daily Average True Range (ATR) ChartEurocommercial Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Score

Let's take a look at the On-Balance Volume (OBV) of Eurocommercial.

Eurocommercial Daily On-Balance Volume (OBV) ChartEurocommercial Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Score

Let's take a look at the Money Flow Index (MFI) of Eurocommercial.

  • Money flow favors buyers, indicating constructive participation and supportive market conditions.
Eurocommercial Daily Money Flow Index (MFI) ChartEurocommercial Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Eurocommercial.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Eurocommercial Daily Candlestick Chart
DateCandlestick Pattern
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