Free Umicore S.A. (UMI) Technical Analysis Signals

Overal Signal
Sell
Signals
Sell Buy Hold Hold
Last Update / Period
08 Oct / Daily
Category/Currency
Stocks/USD
Exchange/Country
XBRU/Belgium

Umicore S.A. (UMI) signal with technical analysis on 08 Oct

On 08 Oct, we conducted a comprehensive technical analysis of Umicore S.A. (UMI), considering 256 signals with intricate details. Here are the key findings: 94 signals suggested buy strategies, while 49 indicated sell strategies. The remaining 113 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 8
Sell Signals: 23
Neutral Signals: 33
Result: This strategy leads to a Sell position.

Strategy 2:
Buy Signals: 24
Sell Signals: 12
Neutral Signals: 28
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 31
Sell Signals: 6
Neutral Signals: 27
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 31
Sell Signals: 8
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 94
Sell Signals: 49
Neutral Signals: 113
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Umicore S.A. (UMI) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Umicore S.A. (UMI) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Umicore S.A. (UMI) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
Umicore S.A. (UMI) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 19.96% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **Umicore S.A. (UMI)** investments.

Umicore S.A. (UMI) Price Analysis and Support Levels:

In our current Umicore S.A. (UMI) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 10.41
We are closely monitoring the price at 10.41, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 9.645
If the first support level is broken, the second support level at 9.645 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading Umicore S.A. (UMI). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

Umicore S.A. (UMI) technical analysis chart

Umicore S.A. (UMI) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 18.363 20.362 21.028 25.24 26.09
Support 10.41 9.645 -- -- --
 Umicore S.A. (UMI) Support and Resistance area (08 Oct)

Umicore S.A. (UMI) signals list for 08 Oct

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Umicore S.A. (UMI) candlestick patterns on 08 Oct

Today's Umicore S.A. (UMI) Candle Patterns List:

Doji Long Legged Doji High-Wave Candle Hikkake Pattern Spinning Top

Umicore S.A. (UMI) technical analysis over the past days

# Date Overal Signals ALL Signals
1 07 Oct Sell SellHoldHoldHold
2 04 Oct Buy NeutralHoldHoldHold
3 03 Oct Sell SellHoldHoldHold
4 02 Oct Hold NeutralHoldHoldHold
5 01 Oct Hold HoldHoldHoldHold
6 30 Sep Hold HoldHoldHoldHold
7 27 Sep Hold HoldHoldHoldHold
8 26 Sep Buy HoldHoldHoldBuy
9 25 Sep Buy BuyHoldHoldNeutral
10 24 Sep Buy NeutralHoldBuyNeutral
11 23 Sep Hold NeutralHoldNeutralNeutral
12 20 Sep Hold NeutralHoldNeutralNeutral
13 19 Sep Buy HoldHoldBuyBuy
14 18 Sep Hold HoldHoldNeutralNeutral
15 17 Sep Hold HoldBuyNeutralHold
16 16 Sep Hold HoldNeutralHoldHold
17 13 Sep Buy BuyNeutralHoldHold
18 12 Sep Hold HoldHoldHoldHold
19 11 Sep Hold HoldHoldHoldHold
20 10 Sep Hold HoldHoldHoldHold
21 09 Sep Hold HoldHoldHoldHold
22 06 Sep Hold HoldHoldHoldHold
23 05 Sep Hold HoldHoldHoldHold
24 04 Sep Hold HoldHoldHoldHold
25 03 Sep Sell HoldHoldSellHold
26 02 Sep Sell HoldSellNeutralSell
27 30 Aug Sell SellBuyNeutralNeutral
28 29 Aug Hold NeutralNeutralNeutralHold
29 28 Aug Sell NeutralNeutralSellSell
30 27 Aug Neutral HoldHoldNeutralNeutral

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