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Londinia Opportunities Analyses - 04/29/2024 (GMT) BCN TECN. B - 1H

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BCN TECN. B
- EUR (-)
- 15 min delayed data - Spain Indices
Type: Indices
Ticker: IND40700
ISIN: ES0SI0000369

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

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1,752.6000 EUR
My targets
1,775.5400 EUR (+0.89%)
1,803.3200 EUR (+2.47%)
My analysis
The bullish trend is currently very strong on BCN TECN. B. As long as the price remains above the support at 1,752.6000 EUR, you could try to benefit from the boom. The first bullish objective is located at 1,775.5400 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,803.3200 EUR as an objective. Crossing it would then enable buyers to target 1,917.8433 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8.6

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Additional analysis

Quotes

The BCN TECN. B price is 1,759.8101 EUR. The price has increased by +0.50% since the last closing with the lowest point at 1,747.7300 EUR and the highest point at 1,760.1500 EUR. The deviation from the price is +0.69% for the low point and -0.02% for the high point.

1,747.7300
1,760.1500
1,759.8101

Here is a more detailed summary of the historical variations registered by BCN TECN. B:
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



Technical


A technical analysis in 1H of this BCN TECN. B chart shows a strongly 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,698.1467 1,741.2500 1,752.6000 1,759.8101 1,762.9220 1,775.5400 1,803.3200
Change (%) -3.50% -1.05% -0.41% - +0.18% +0.89% +2.47%
Change -61.6634 -18.5601 -7.2101 - +3.1119 +15.7299 +43.5099
Level Intermediate Minor Minor - 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
Standard1,703.68991,717.14991,734.14001,747.60001,764.59011,778.05011,795.0402
Camarilla1,742.75621,745.54751,748.33871,751.13001,753.92131,756.71251,759.5038
Woodie1,705.45491,718.03241,735.90501,748.48251,766.35511,778.93261,796.8052
Fibonacci1,717.14991,728.78191,735.96811,747.60001,759.23201,766.41821,778.0501


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,646.87321,671.69661,711.41331,736.23671,775.95341,800.77681,840.4935
Camarilla1,733.38151,739.29771,745.21381,751.13001,757.04621,762.96241,768.8785
Woodie1,654.31991,675.41991,718.86001,739.96001,783.40011,804.50011,847.9402
Fibonacci1,671.69661,696.35091,711.58241,736.23671,760.89101,776.12251,800.7768


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,611.87671,644.15341,698.37671,730.65341,784.87671,817.15341,871.3767
Camarilla1,728.81251,736.74171,744.67081,752.60001,760.52921,768.45831,776.3875
Woodie1,622.85001,649.64011,709.35001,736.14011,795.85001,822.64011,882.3500
Fibonacci1,644.15341,677.19641,697.61041,730.65341,763.69641,784.11041,817.1534

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): 67.57
MACD (12,26,9): 7.7290
Directional Movement: 14.3061
AROON (14): 28.5714
DEMA (21): 1,758.5699
Parabolic SAR (0,02-0,02-0,2): 1,742.8242
Elder Ray (13): 7.2438
Super Trend (3,10): 1,740.8717
Zig ZAG (10): 1,760.0500
VORTEX (21): 1.2162
Stochastique (14,3,5): 87.62
TEMA (21): 1,758.7956
Williams %R (14): -7.90
Chande Momentum Oscillator (20): 10.1600
Repulse (5,40,3): 0.3023
ROCnROLL: 1
TRIX (15,9): 0.0606
Courbe Coppock: 2.20
MA7: 1,729.0743
MA20: 1,696.6160
MA50: 1,700.2410
MA100: 1,713.4845
MAexp7: 1,755.6285
MAexp20: 1,748.2641
MAexp50: 1,732.7331
MAexp100: 1,716.7589
Price / MA7: +1.78%
Price / MA20: +3.72%
Price / MA50: +3.50%
Price / MA100: +2.70%
Price / MAexp7: +0.24%
Price / MAexp20: +0.66%
Price / MAexp50: +1.56%
Price / MAexp100: +2.51%

Quotes : - 15 min delayed data - Indices Espagne

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