TUBACEX - 1H - Technical analysis published on 04/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 3.155 EUR
My targets
3.085 EUR (-1.44%)
2.912 EUR (-6.96%)
My analysis
TUBACEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.155 EUR. The next support located at 3.085 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.912 EUR. Below this support, sellers could then target 2.834 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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.
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Additional analysis
Quotes
The TUBACEX rating is 3.130 EUR. The price registered a decrease of -0.16% on the session and was between 3.125 EUR and 3.175 EUR. This implies that the price is at +0.16% from its lowest and at -1.42% from its highest.3.125
3.175
3.130
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TUBACEX:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TUBACEX indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 2.834 | 2.912 | 3.085 | 3.130 | 3.155 | 3.193 | 3.300 |
| Change (%) | -9.46% | -6.96% | -1.44% | - | +0.80% | +2.01% | +5.43% |
| Change | -0.296 | -0.218 | -0.045 | - | +0.025 | +0.063 | +0.170 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.017 | 3.068 | 3.102 | 3.153 | 3.187 | 3.238 | 3.272 |
| Camarilla | 3.112 | 3.119 | 3.127 | 3.135 | 3.143 | 3.151 | 3.158 |
| Woodie | 3.008 | 3.064 | 3.093 | 3.149 | 3.178 | 3.234 | 3.263 |
| Fibonacci | 3.068 | 3.101 | 3.121 | 3.153 | 3.186 | 3.206 | 3.238 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.877 | 2.988 | 3.077 | 3.188 | 3.277 | 3.388 | 3.477 |
| Camarilla | 3.110 | 3.128 | 3.147 | 3.165 | 3.183 | 3.202 | 3.220 |
| Woodie | 2.865 | 2.983 | 3.065 | 3.183 | 3.265 | 3.383 | 3.465 |
| Fibonacci | 2.988 | 3.065 | 3.112 | 3.188 | 3.265 | 3.312 | 3.388 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.993 | 3.092 | 3.213 | 3.312 | 3.433 | 3.532 | 3.653 |
| Camarilla | 3.275 | 3.295 | 3.315 | 3.335 | 3.355 | 3.375 | 3.396 |
| Woodie | 3.005 | 3.098 | 3.225 | 3.318 | 3.445 | 3.538 | 3.665 |
| Fibonacci | 3.092 | 3.176 | 3.228 | 3.312 | 3.396 | 3.448 | 3.532 |
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): | 41.21 | |
| MACD (12,26,9): | -0.0150 | |
| Directional Movement: | 3.521 | |
| AROON (14): | -14.286 | |
| DEMA (21): | 3.132 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.211 | |
| Elder Ray (13): | -0.001 | |
| Super Trend (3,10): | 3.215 | |
| Zig ZAG (10): | 3.125 | |
| VORTEX (21): | 0.8570 | |
| Stochastique (14,3,5): | 23.53 | |
| TEMA (21): | 3.134 | |
| Williams %R (14): | -94.12 | |
| Chande Momentum Oscillator (20): | 0.000 | |
| Repulse (5,40,3): | -1.4850 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0810 | |
| Courbe Coppock: | 1.55 |
| MA7: | 3.205 | |
| MA20: | 3.256 | |
| MA50: | 3.310 | |
| MA100: | 3.371 | |
| MAexp7: | 3.142 | |
| MAexp20: | 3.153 | |
| MAexp50: | 3.184 | |
| MAexp100: | 3.214 | |
| Price / MA7: | -2.34% | |
| Price / MA20: | -3.87% | |
| Price / MA50: | -5.44% | |
| Price / MA100: | -7.15% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -0.73% | |
| Price / MAexp50: | -1.70% | |
| Price / MAexp100: | -2.61% |
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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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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