G.CATALANA O

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	GCO
ISIN:	ES0116920333

G.CATALANA O - Daily - Technical analysis published on 09/27/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 29.65 EUR

My targets

26.44 EUR (-9.76%)

24.85 EUR (-15.19%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on G.CATALANA O as long as the price remains well below 29.65 EUR. The sellers” bearish objective is set at 26.44 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.85 EUR. In case of crossing, the next objective would be the support located at 22.77 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

FORCE

7.9

Comment on the analysis

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 G.CATALANA O price is 29.30 EUR. On the day, this instrument lost -0.17% and was traded between 29.25 EUR and 29.65 EUR over the period. The price is currently at +0.17% from its lowest and -1.18% from its highest.

29.25

29.65

29.30

Here is a more detailed summary of the historical variations registered by G.CATALANA O:

The Central Records scanner for higher/lower results shows the following items:

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

Technical analysis of this Daily chart of G.CATALANA O indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.77	24.85	26.44	29.30	29.65	30.90	33.10
Change (%)	-22.29%	-15.19%	-9.76%	-	+1.19%	+5.46%	+12.97%
Change	-6.53	-4.45	-2.86	-	+0.35	+1.60	+3.80
Level	Intermediate	Minor	Minor	-	Major	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.55	28.95	29.15	29.55	29.75	30.15	30.35
Camarilla	29.19	29.24	29.30	29.35	29.41	29.46	29.52
Woodie	28.45	28.90	29.05	29.50	29.65	30.10	30.25
Fibonacci	28.95	29.18	29.32	29.55	29.78	29.92	30.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.05	30.00	30.60	31.55	32.15	33.10	33.70
Camarilla	30.77	30.92	31.06	31.20	31.34	31.48	31.63
Woodie	28.88	29.91	30.43	31.46	31.98	33.01	33.53
Fibonacci	30.00	30.59	30.96	31.55	32.14	32.51	33.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.85	27.10	28.85	31.10	32.85	35.10	36.85
Camarilla	29.50	29.87	30.23	30.60	30.97	31.33	31.70
Woodie	24.60	26.98	28.60	30.98	32.60	34.98	36.60
Fibonacci	27.10	28.63	29.57	31.10	32.63	33.57	35.10

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):	27.13
MACD (12,26,9):	-0.3300
Directional Movement:	-15.73
AROON (14):	-50.00
DEMA (21):	30.37
Parabolic SAR (0,02-0,02-0,2):	31.63
Elder Ray (13):	-1.07
Super Trend (3,10):	31.50
Zig ZAG (10):	29.30
VORTEX (21):	0.8800
Stochastique (14,3,5):	7.69
TEMA (21):	30.16
Williams %R (14):	-98.46
Chande Momentum Oscillator (20):	-2.05
Repulse (5,40,3):	-4.3100
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	5.82

MA7:	30.35
MA20:	31.00
MA50:	31.17
MA100:	31.48
MAexp7:	30.13
MAexp20:	30.71
MAexp50:	31.08
MAexp100:	31.47
Price / MA7:	-3.46%
Price / MA20:	-5.48%
Price / MA50:	-6.00%
Price / MA100:	-6.93%
Price / MAexp7:	-2.75%
Price / MAexp20:	-4.59%
Price / MAexp50:	-5.73%
Price / MAexp100:	-6.90%

This member declared not having a position on this financial instrument or a related financial instrument.

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