MINOR HOTELS - Daily - Technical analysis published on 03/03/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 3.728 EUR
My targets
3.998 EUR (+2.51%)
4.276 EUR (+9.64%)
My analysis
NH HOTEL 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 3.728 EUR. The next resistance located at 3.998 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 4.276 EUR. After this resistance, buyers could then target 4.634 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, technical indicators confirm the bullish opinion of this analysis. 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
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Additional analysis
Quotes
The NH HOTEL rating is 3.900 EUR. On the day, this instrument gained +3.31% and was between 3.705 EUR and 3.925 EUR. This implies that the price is at +5.26% from its lowest and at -0.64% from its highest.3.705
3.925
3.900
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NH HOTEL chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.147 | 3.370 | 3.728 | 3.900 | 3.998 | 4.276 | 4.634 |
| Change (%) | -19.31% | -13.59% | -4.41% | - | +2.51% | +9.64% | +18.82% |
| Change | -0.753 | -0.530 | -0.172 | - | +0.098 | +0.376 | +0.734 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | 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 | 3.728 | 3.752 | 3.763 | 3.787 | 3.798 | 3.822 | 3.833 |
| Camarilla | 3.765 | 3.769 | 3.772 | 3.775 | 3.778 | 3.781 | 3.785 |
| Woodie | 3.723 | 3.749 | 3.758 | 3.784 | 3.793 | 3.819 | 3.828 |
| Fibonacci | 3.752 | 3.765 | 3.773 | 3.787 | 3.800 | 3.808 | 3.822 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.368 | 3.487 | 3.618 | 3.737 | 3.868 | 3.987 | 4.118 |
| Camarilla | 3.681 | 3.704 | 3.727 | 3.750 | 3.773 | 3.796 | 3.819 |
| Woodie | 3.375 | 3.490 | 3.625 | 3.740 | 3.875 | 3.990 | 4.125 |
| Fibonacci | 3.487 | 3.582 | 3.641 | 3.737 | 3.832 | 3.891 | 3.987 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.295 | 3.425 | 3.625 | 3.755 | 3.955 | 4.085 | 4.285 |
| Camarilla | 3.734 | 3.765 | 3.795 | 3.825 | 3.855 | 3.886 | 3.916 |
| Woodie | 3.330 | 3.443 | 3.660 | 3.773 | 3.990 | 4.103 | 4.320 |
| Fibonacci | 3.425 | 3.551 | 3.629 | 3.755 | 3.881 | 3.959 | 4.085 |
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): | 62.49 | |
| MACD (12,26,9): | 0.0780 | |
| Directional Movement: | 14.938 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 3.841 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.642 | |
| Elder Ray (13): | 0.047 | |
| Super Trend (3,10): | 3.484 | |
| Zig ZAG (10): | 3.900 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 71.40 | |
| TEMA (21): | 3.819 | |
| Williams %R (14): | -7.81 | |
| Chande Momentum Oscillator (20): | 0.265 | |
| Repulse (5,40,3): | 4.9360 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3200 | |
| Courbe Coppock: | 5.21 |
| MA7: | 3.805 | |
| MA20: | 3.738 | |
| MA50: | 3.503 | |
| MA100: | 3.199 | |
| MAexp7: | 3.800 | |
| MAexp20: | 3.731 | |
| MAexp50: | 3.547 | |
| MAexp100: | 3.364 | |
| Price / MA7: | +2.50% | |
| Price / MA20: | +4.33% | |
| Price / MA50: | +11.33% | |
| Price / MA100: | +21.91% | |
| Price / MAexp7: | +2.63% | |
| Price / MAexp20: | +4.53% | |
| Price / MAexp50: | +9.95% | |
| Price / MAexp100: | +15.93% |
Quotes :
-
15 min delayed data
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Spain Stocks
News
The last news published on NH HOTEL at the time of the generation of this analysis was as follows:
NH Hotel GroupThis 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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