ACCIONA ENERGIA - 1H - Technical analysis published on 01/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 24.80 EUR
My targets
23.24 EUR (-2.52%)
22.80 EUR (-4.36%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ACCIONA ENERGIA. As long as you are under the resistance located at 24.80 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 23.24 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 22.80 EUR as an objective. If the resistance 24.80 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.1
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ACCIONA ENERGIA rating is 23.84 EUR. The price registered an increase of +3.29% on the session with the lowest point at 22.74 EUR and the highest point at 23.86 EUR. The deviation from the price is +4.84% for the low point and -0.08% for the high point.22.74
23.86
23.84
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ACCIONA ENERGIA chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 22.80 | 23.24 | 23.84 | 24.80 | 25.55 | 26.14 |
Change (%) | -4.36% | -2.52% | - | +4.03% | +7.17% | +9.65% |
Change | -1.04 | -0.60 | - | +0.96 | +1.71 | +2.30 |
Level | Major | Minor | - | Minor | Major | Minor |
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 | 22.63 | 22.85 | 23.27 | 23.49 | 23.91 | 24.13 |
Camarilla | 22.90 | 22.96 | 23.02 | 23.08 | 23.14 | 23.20 | 23.26 |
Woodie | 22.12 | 22.58 | 22.76 | 23.22 | 23.40 | 23.86 | 24.04 |
Fibonacci | 22.63 | 22.87 | 23.02 | 23.27 | 23.51 | 23.66 | 23.91 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.28 | 24.04 | 24.72 | 25.48 | 26.16 | 26.92 | 27.60 |
Camarilla | 25.00 | 25.14 | 25.27 | 25.40 | 25.53 | 25.66 | 25.80 |
Woodie | 23.24 | 24.02 | 24.68 | 25.46 | 26.12 | 26.90 | 27.56 |
Fibonacci | 24.04 | 24.59 | 24.93 | 25.48 | 26.03 | 26.37 | 26.92 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.55 | 24.79 | 26.43 | 27.67 | 29.31 | 30.55 | 32.19 |
Camarilla | 27.29 | 27.55 | 27.82 | 28.08 | 28.34 | 28.61 | 28.87 |
Woodie | 23.76 | 24.89 | 26.64 | 27.77 | 29.52 | 30.65 | 32.40 |
Fibonacci | 24.79 | 25.89 | 26.57 | 27.67 | 28.77 | 29.45 | 30.55 |
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): | 50.61 | |
MACD (12,26,9): | -0.2800 | |
Directional Movement: | -0.20 | |
AROON (14): | 42.86 | |
DEMA (21): | 23.15 | |
Parabolic SAR (0,02-0,02-0,2): | 22.89 | |
Elder Ray (13): | 0.30 | |
Super Trend (3,10): | 23.13 | |
Zig ZAG (10): | 23.78 | |
VORTEX (21): | 0.8600 | |
Stochastique (14,3,5): | 88.76 | |
TEMA (21): | 23.22 | |
Williams %R (14): | -1.89 | |
Chande Momentum Oscillator (20): | 0.50 | |
Repulse (5,40,3): | 1.9300 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.2500 | |
Courbe Coppock: | 2.66 |
MA7: | 24.63 | |
MA20: | 26.26 | |
MA50: | 26.76 | |
MA100: | 26.10 | |
MAexp7: | 23.46 | |
MAexp20: | 23.58 | |
MAexp50: | 24.23 | |
MAexp100: | 25.00 | |
Price / MA7: | -3.21% | |
Price / MA20: | -9.22% | |
Price / MA50: | -10.91% | |
Price / MA100: | -8.66% | |
Price / MAexp7: | +1.62% | |
Price / MAexp20: | +1.10% | |
Price / MAexp50: | -1.61% | |
Price / MAexp100: | -4.64% |
Quotes :
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15 min delayed data
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Spain Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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