ACCIONA - 1H - Technical analysis published on 05/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 117.6 EUR
My targets
121.7 EUR (+1.25%)
125.8 EUR (+4.66%)
My analysis
ACCIONA is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 117.6 EUR. The next resistance located at 121.7 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 125.8 EUR. After this resistance, buyers could then target 130.4 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
The ACCIONA price is 120.2 EUR. On the day, this instrument gained +2.30% and was traded between 117.8 EUR and 120.6 EUR over the period. The price is currently at +2.04% from its lowest and -0.33% from its highest.117.8
120.6
120.2
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ACCIONA:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ACCIONA in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 112.7 | 114.9 | 117.6 | 120.2 | 121.7 | 125.8 | 130.4 |
| Change (%) | -6.24% | -4.41% | -2.16% | - | +1.25% | +4.66% | +8.49% |
| Change | -7.5 | -5.3 | -2.6 | - | +1.5 | +5.6 | +10.2 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.1 | 113.5 | 115.5 | 116.9 | 118.9 | 120.3 | 122.3 |
| Camarilla | 116.6 | 116.9 | 117.2 | 117.5 | 117.8 | 118.1 | 118.4 |
| Woodie | 112.4 | 113.7 | 115.8 | 117.1 | 119.2 | 120.5 | 122.6 |
| Fibonacci | 113.5 | 114.8 | 115.6 | 116.9 | 118.2 | 119.0 | 120.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.8 | 104.1 | 109.0 | 113.3 | 118.2 | 122.5 | 127.4 |
| Camarilla | 111.4 | 112.2 | 113.1 | 113.9 | 114.7 | 115.6 | 116.4 |
| Woodie | 100.1 | 104.3 | 109.3 | 113.5 | 118.5 | 122.7 | 127.7 |
| Fibonacci | 104.1 | 107.6 | 109.8 | 113.3 | 116.8 | 119.0 | 122.5 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.7 | 100.6 | 104.7 | 108.6 | 112.7 | 116.6 | 120.7 |
| Camarilla | 106.5 | 107.2 | 108.0 | 108.7 | 109.4 | 110.2 | 110.9 |
| Woodie | 96.7 | 100.7 | 104.7 | 108.7 | 112.7 | 116.7 | 120.7 |
| Fibonacci | 100.6 | 103.7 | 105.6 | 108.6 | 111.7 | 113.6 | 116.6 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 74.30 | |
| MACD (12,26,9): | 1.2000 | |
| Directional Movement: | 32.2 | |
| AROON (14): | 85.7 | |
| DEMA (21): | 118.9 | |
| Parabolic SAR (0,02-0,02-0,2): | 116.6 | |
| Elder Ray (13): | 2.3 | |
| Super Trend (3,10): | 117.7 | |
| Zig ZAG (10): | 120.1 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 95.80 | |
| TEMA (21): | 119.3 | |
| Williams %R (14): | -7.00 | |
| Chande Momentum Oscillator (20): | 4.8 | |
| Repulse (5,40,3): | 0.8000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 4.40 |
| MA7: | 115.7 | |
| MA20: | 110.8 | |
| MA50: | 110.5 | |
| MA100: | 115.3 | |
| MAexp7: | 119.0 | |
| MAexp20: | 117.5 | |
| MAexp50: | 115.6 | |
| MAexp100: | 113.5 | |
| Price / MA7: | +3.89% | |
| Price / MA20: | +8.48% | |
| Price / MA50: | +8.78% | |
| Price / MA100: | +4.25% | |
| Price / MAexp7: | +1.01% | |
| Price / MAexp20: | +2.30% | |
| Price / MAexp50: | +3.98% | |
| Price / MAexp100: | +5.90% |
Quotes :
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15 min delayed data
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Spain Stocks
News
Don't forget to follow the news on ACCIONA. At the time of publication of this analysis, the latest news was as follows:
- Eve and Acciona enter strategic partnership to accelerate the development of a sustainable Urban Air Mobility ecosystem
- Acciona Energia Assigned ESG Evaluation Score Of 86; Preparedness Strong
- Sungrow Supplies Inverters for El Romero Solar High-Tech Hub Developed by Acciona
- Sungrow Supplies Inverters for El Romero Solar High-Tech Hub Developed by Acciona
- ACCIONA Industrial Enhances Global Materials Management with the Use of Intergraph Smart® Materials
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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