ELECNOR

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ENO
ISIN:	ES0129743318

ELECNOR - 1H - Technical analysis published on 12/24/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above

My targets

()

My analysis

The bullish trend is currently very strong on ELECNOR. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at as an objective. Crossing it would then enable buyers to target . 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

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ELECNOR rating 15.50 EUR. The price registered an increase of +2.79% on the session with the lowest point at 15.02 EUR and the highest point at 15.50 EUR. The deviation from the price is +3.20% for the low point and 0% for the high point.

15.02

15.50

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Abnormal volumes on ELECNOR were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of ELECNOR indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

In fact, 17 technical indicators on 18 studied are currently positioned 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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.66	14.85	15.10	15.50	15.63	15.92	16.38
Change (%)	-5.42%	-4.19%	-2.58%	-	+0.84%	+2.71%	+5.68%
Change	-0.84	-0.65	-0.40	-	+0.13	+0.42	+0.88
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Intermediate

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	14.49	14.63	14.85	14.99	15.21	15.35	15.57
Camarilla	14.98	15.01	15.05	15.08	15.11	15.15	15.18
Woodie	14.54	14.65	14.90	15.01	15.26	15.37	15.62
Fibonacci	14.63	14.76	14.85	14.99	15.12	15.21	15.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.77	12.95	13.85	15.03	15.93	17.11	18.01
Camarilla	14.17	14.36	14.55	14.74	14.93	15.12	15.31
Woodie	11.62	12.88	13.70	14.96	15.78	17.04	17.86
Fibonacci	12.95	13.75	14.24	15.03	15.83	16.32	17.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.81	13.31	13.92	14.42	15.03	15.53	16.14
Camarilla	14.23	14.33	14.43	14.53	14.63	14.73	14.84
Woodie	12.87	13.34	13.98	14.45	15.09	15.56	16.20
Fibonacci	13.31	13.73	14.00	14.42	14.84	15.11	15.53

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):	69.93
MACD (12,26,9):	0.1200
Directional Movement:	28.05
AROON (14):	100.00
DEMA (21):	15.07
Parabolic SAR (0,02-0,02-0,2):	14.92
Elder Ray (13):	0.36
Super Trend (3,10):	14.92
Zig ZAG (10):	15.40
VORTEX (21):	1.1100
Stochastique (14,3,5):	94.88
TEMA (21):	15.23
Williams %R (14):	-9.80
Chande Momentum Oscillator (20):	0.72
Repulse (5,40,3):	2.4900
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	9.42

MA7:	14.99
MA20:	14.89
MA50:	14.40
MA100:	13.90
MAexp7:	15.23
MAexp20:	14.96
MAexp50:	14.93
MAexp100:	14.91
Price / MA7:	+3.40%
Price / MA20:	+4.10%
Price / MA50:	+7.64%
Price / MA100:	+11.51%
Price / MAexp7:	+1.77%
Price / MAexp20:	+3.61%
Price / MAexp50:	+3.82%
Price / MAexp100:	+3.96%

Quotes : - 15 min delayed data - Spain Stocks

News

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

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

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