REIG JOFRE - Daily - Technical analysis published on 06/03/2024 (GMT)
- 89
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.88 EUR
My targets
3.39 EUR (+9.35%)
3.65 EUR (+17.65%)
My analysis
REIG JOFRE 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 2.88 EUR. The next resistance located at 3.39 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 3.65 EUR. After this resistance, buyers could then target 4.35 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.
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
8.9
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
REIG JOFRE rating 3.10 EUR. On the day, this instrument gained +5.80% with the lowest point at 2.95 EUR and the highest point at 3.10 EUR. The deviation from the price is +5.08% for the low point and 0% for the high point.2.95
3.10
3.10
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
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:
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
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this REIG JOFRE 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
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 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
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:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 2.43 | 2.65 | 2.78 | 3.10 | 3.39 | 4.35 | 5.04 |
| Change (%) | -21.61% | -14.52% | -10.32% | - | +9.35% | +40.32% | +62.58% |
| Change | -0.67 | -0.45 | -0.32 | - | +0.29 | +1.25 | +1.94 |
| Level | Major | Minor | Major | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.79 | 2.83 | 2.88 | 2.92 | 2.97 | 3.01 | 3.06 |
| Camarilla | 2.91 | 2.91 | 2.92 | 2.93 | 2.94 | 2.95 | 2.96 |
| Woodie | 2.80 | 2.83 | 2.89 | 2.92 | 2.98 | 3.01 | 3.07 |
| Fibonacci | 2.83 | 2.86 | 2.89 | 2.92 | 2.95 | 2.98 | 3.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.59 | 2.67 | 2.80 | 2.88 | 3.01 | 3.09 | 3.22 |
| Camarilla | 2.87 | 2.89 | 2.91 | 2.93 | 2.95 | 2.97 | 2.99 |
| Woodie | 2.62 | 2.68 | 2.83 | 2.89 | 3.04 | 3.10 | 3.25 |
| Fibonacci | 2.67 | 2.75 | 2.80 | 2.88 | 2.96 | 3.01 | 3.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.06 | 2.24 | 2.59 | 2.77 | 3.12 | 3.30 | 3.65 |
| Camarilla | 2.78 | 2.83 | 2.88 | 2.93 | 2.98 | 3.03 | 3.08 |
| Woodie | 2.14 | 2.28 | 2.67 | 2.81 | 3.20 | 3.34 | 3.73 |
| Fibonacci | 2.24 | 2.45 | 2.57 | 2.77 | 2.98 | 3.10 | 3.30 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 78.33 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 31.91 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 2.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.66 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 2.73 | |
| Zig ZAG (10): | 3.10 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 88.73 | |
| TEMA (21): | 2.95 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.40 | |
| Repulse (5,40,3): | 5.8300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4300 | |
| Courbe Coppock: | 16.71 |
| MA7: | 2.86 | |
| MA20: | 2.75 | |
| MA50: | 2.60 | |
| MA100: | 2.48 | |
| MAexp7: | 2.90 | |
| MAexp20: | 2.77 | |
| MAexp50: | 2.64 | |
| MAexp100: | 2.54 | |
| Price / MA7: | +8.39% | |
| Price / MA20: | +12.73% | |
| Price / MA50: | +19.23% | |
| Price / MA100: | +25.00% | |
| Price / MAexp7: | +6.90% | |
| Price / MAexp20: | +11.91% | |
| Price / MAexp50: | +17.42% | |
| Price / MAexp100: | +22.05% |
Quotes :
-
15 min delayed data
-
Spain Stocks
News
Don't forget to follow the news on REIG JOFRE. At the time of publication of this analysis, the latest news was as follows:
LABORATORIO REIG JOFREThis member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis REIG JOFRE - Daily