Londinia Opportunities Analyses - 04/25/2024 (GMT) AUDAX RENOV - 1H

AUDAX RENOV
- EUR (-)
- 15 min delayed data - Spain Stocks
Type: Stocks
Ticker: ADX
ISIN: ES0136463017

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Europe Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.784 EUR
My targets
1.840 EUR (+2.34%)
1.935 EUR (+7.62%)
My analysis
AUDAX RENOV 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 1.784 EUR. The next resistance located at 1.840 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 1.935 EUR. After this resistance, buyers could then target 2.095 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8

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.

Additional analysis

Quotes

The AUDAX RENOV rating is 1.798 EUR. The price registered a decrease of -0.33% on the session with the lowest point at 1.788 EUR and the highest point at 1.808 EUR. The deviation from the price is +0.56% for the low point and -0.55% for the high point.

1.788
1.808
1.798

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by AUDAX RENOV:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Volumes

Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of AUDAX RENOV in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.532 1.650 1.784 1.798 1.840 1.935 2.095
Change (%) -14.79% -8.23% -0.78% - +2.34% +7.62% +16.52%
Change -0.266 -0.148 -0.014 - +0.042 +0.137 +0.297
Level Minor Major Intermediate - Intermediate Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.7311.7471.7751.7911.8191.8351.863
Camarilla1.7921.7961.8001.8041.8081.8121.816
Woodie1.7381.7501.7821.7941.8261.8381.870
Fibonacci1.7471.7641.7741.7911.8081.8181.835


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.5541.6181.6821.7461.8101.8741.938
Camarilla1.7111.7231.7341.7461.7581.7701.781
Woodie1.5541.6181.6821.7461.8101.8741.938
Fibonacci1.6181.6671.6971.7461.7951.8251.874


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.9151.0691.3091.4631.7031.8572.097
Camarilla1.4421.4781.5141.5501.5861.6221.658
Woodie0.9591.0911.3531.4851.7471.8792.141
Fibonacci1.0691.2191.3121.4631.6131.7061.857

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): 60.04
MACD (12,26,9): 0.0090
Directional Movement: 11.724
AROON (14): 78.571
DEMA (21): 1.793
Parabolic SAR (0,02-0,02-0,2): 1.763
Elder Ray (13): 0.007
Super Trend (3,10): 1.761
Zig ZAG (10): 1.798
VORTEX (21): 1.1190
Stochastique (14,3,5): 77.33
TEMA (21): 1.798
Williams %R (14): -20.00
Chande Momentum Oscillator (20): 0.032
Repulse (5,40,3): 0.5290
ROCnROLL: 1
TRIX (15,9): 0.0540
Courbe Coppock: 3.17
MA7: 1.775
MA20: 1.707
MA50: 1.470
MA100: 1.386
MAexp7: 1.794
MAexp20: 1.782
MAexp50: 1.768
MAexp100: 1.739
Price / MA7: +1.30%
Price / MA20: +5.33%
Price / MA50: +22.31%
Price / MA100: +29.73%
Price / MAexp7: +0.22%
Price / MAexp20: +0.90%
Price / MAexp50: +1.70%
Price / MAexp100: +3.39%

Quotes : - 15 min delayed data - Actions Espagne

News


The last news published on AUDAX RENOV at the time of the generation of this analysis was as follows: