MIQUEL COST. - Weekly - Technical analysis published on 01/04/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 12.33 EUR
My targets
13.98 EUR (+4.33%)
14.89 EUR (+11.12%)
My analysis
MIQUEL COST. 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 12.33 EUR. The next resistance located at 13.98 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 14.89 EUR. After this resistance, buyers could then target 17.01 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
8.2
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This analysis was given by Nachoperezcandas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MIQUEL COST. price is 13.40 EUR. The price registered an increase of +3.08% over 5 days and has been traded over the last 5 days between 12.94 EUR and 13.78 EUR. This implies that the 5 day price is +3.55% from its lowest point and -2.76% from its highest point.12.94
13.78
13.40
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of MIQUEL COST. indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Weekly
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.97 | 11.01 | 13.24 | 13.40 | 13.98 | 14.89 | 17.01 |
| Change (%) | -25.60% | -17.84% | -1.19% | - | +4.33% | +11.12% | +26.94% |
| Change | -3.43 | -2.39 | -0.16 | - | +0.58 | +1.49 | +3.61 |
| Level | Minor | Major | Major | - | Major | Major | Major |
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 | 12.09 | 12.51 | 12.95 | 13.37 | 13.81 | 14.23 | 14.67 |
| Camarilla | 13.16 | 13.24 | 13.32 | 13.40 | 13.48 | 13.56 | 13.64 |
| Woodie | 12.11 | 12.52 | 12.97 | 13.38 | 13.83 | 14.24 | 14.69 |
| Fibonacci | 12.51 | 12.84 | 13.04 | 13.37 | 13.70 | 13.90 | 14.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.31 | 12.61 | 12.85 | 13.15 | 13.39 | 13.69 | 13.93 |
| Camarilla | 12.95 | 13.00 | 13.05 | 13.10 | 13.15 | 13.20 | 13.25 |
| Woodie | 12.29 | 12.60 | 12.83 | 13.14 | 13.37 | 13.68 | 13.91 |
| Fibonacci | 12.61 | 12.81 | 12.94 | 13.15 | 13.35 | 13.48 | 13.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.01 | 11.57 | 12.33 | 12.89 | 13.65 | 14.21 | 14.97 |
| Camarilla | 12.74 | 12.86 | 12.98 | 13.10 | 13.22 | 13.34 | 13.46 |
| Woodie | 11.12 | 11.62 | 12.44 | 12.94 | 13.76 | 14.26 | 15.08 |
| Fibonacci | 11.57 | 12.07 | 12.38 | 12.89 | 13.39 | 13.70 | 14.21 |
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): | 61.91 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 10.91 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 13.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.94 | |
| Elder Ray (13): | 0.57 | |
| Super Trend (3,10): | 11.55 | |
| Zig ZAG (10): | 13.40 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 65.54 | |
| TEMA (21): | 13.14 | |
| Williams %R (14): | -28.28 | |
| Chande Momentum Oscillator (20): | 0.69 | |
| Repulse (5,40,3): | 4.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5100 | |
| Courbe Coppock: | 12.98 |
| MA7: | 13.22 | |
| MA20: | 12.81 | |
| MA50: | 12.85 | |
| MA100: | 12.49 | |
| MAexp7: | 12.96 | |
| MAexp20: | 12.57 | |
| MAexp50: | 11.75 | |
| MAexp100: | 11.11 | |
| Price / MA7: | +1.36% | |
| Price / MA20: | +4.61% | |
| Price / MA50: | +4.28% | |
| Price / MA100: | +7.29% | |
| Price / MAexp7: | +3.40% | |
| Price / MAexp20: | +6.60% | |
| Price / MAexp50: | +14.04% | |
| Price / MAexp100: | +20.61% |
Quotes :
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15 min delayed data
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Spain Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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