GRIFOLS S.A. ADS - Daily - Technical analysis published on 07/31/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 21.50 USD
My targets
22.58 USD (+0.09%)
23.89 USD (+5.90%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GRIFOLS S.A. ADS as long as the price remains well above 21.50 USD. The buyers” bullish objective is set at 22.58 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.89 USD. If there is any crossing, the next objective would be the resistance located at 24.95 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GRIFOLS S.A. ADS price is 22.56 USD. On the day, this instrument lost -0.18% and was traded between 22.08 USD and 22.59 USD over the period. The price is currently at +2.17% from its lowest and -0.13% from its highest.22.08
22.59
22.56
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of GRIFOLS S.A. ADS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.78 | 20.23 | 21.50 | 22.56 | 22.58 | 23.89 | 24.95 |
| Change (%) | -12.32% | -10.33% | -4.70% | - | +0.09% | +5.90% | +10.59% |
| Change | -2.78 | -2.33 | -1.06 | - | +0.02 | +1.33 | +2.39 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.21 | 22.30 | 22.45 | 22.55 | 22.70 | 22.79 | 22.94 |
| Camarilla | 22.53 | 22.56 | 22.58 | 22.60 | 22.62 | 22.65 | 22.67 |
| Woodie | 22.23 | 22.31 | 22.48 | 22.56 | 22.72 | 22.80 | 22.97 |
| Fibonacci | 22.30 | 22.39 | 22.45 | 22.55 | 22.64 | 22.70 | 22.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.82 | 21.98 | 22.26 | 22.42 | 22.70 | 22.86 | 23.14 |
| Camarilla | 22.42 | 22.46 | 22.50 | 22.54 | 22.58 | 22.62 | 22.66 |
| Woodie | 21.88 | 22.01 | 22.32 | 22.45 | 22.76 | 22.89 | 23.20 |
| Fibonacci | 21.98 | 22.15 | 22.26 | 22.42 | 22.59 | 22.70 | 22.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.52 | 16.66 | 18.88 | 20.02 | 22.24 | 23.38 | 25.60 |
| Camarilla | 20.18 | 20.48 | 20.79 | 21.10 | 21.41 | 21.72 | 22.02 |
| Woodie | 16.06 | 16.93 | 19.42 | 20.29 | 22.78 | 23.65 | 26.14 |
| Fibonacci | 16.66 | 17.94 | 18.74 | 20.02 | 21.30 | 22.10 | 23.38 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.88 | |
| MACD (12,26,9): | 0.6300 | |
| Directional Movement: | 13.96 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 22.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.64 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 21.46 | |
| Zig ZAG (10): | 22.56 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 95.85 | |
| TEMA (21): | 22.80 | |
| Williams %R (14): | -5.97 | |
| Chande Momentum Oscillator (20): | 1.18 | |
| Repulse (5,40,3): | 3.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4800 | |
| Courbe Coppock: | 8.19 |
| MA7: | 22.44 | |
| MA20: | 21.97 | |
| MA50: | 20.24 | |
| MA100: | 19.69 | |
| MAexp7: | 22.41 | |
| MAexp20: | 21.86 | |
| MAexp50: | 20.81 | |
| MAexp100: | 20.15 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +2.69% | |
| Price / MA50: | +11.46% | |
| Price / MA100: | +14.58% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | +3.20% | |
| Price / MAexp50: | +8.41% | |
| Price / MAexp100: | +11.96% |
News
Don"t forget to follow the news on GRIFOLS S.A. ADS. At the time of publication of this analysis, the latest news was as follows:
- Grifols Misterium® Cleanroom Solutions Expands to Include Revolutionary Decontamination Air and Surface Disinfection Systems for Pharmaceutical Preparation
- Grifols Phocus Rx® Pharmacy Workflow Management Solution Now Integrates With Top Hospital Information Systems via HL7 Interfaces
- Select American Red Cross Blood Donations Screened for Babesia Parasite Using Grifols' Procleix Babesia Assay Under an Investigational New Drug Protocol
- Grifols Continues to Strengthen its Diagnostic Division by Launching New Global Testing Services for the Measurement of Biological Drug Levels and Anti-Drug Immune Response in Blood Samples
- Grifols and Beckman Coulter Enter into an Exclusive Distribution Agreement
This member declared not having a position on this financial instrument or a related financial instrument.
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