GRAL.ALQ.MAQ. - Daily - Technical analysis published on 09/20/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.354 EUR
My targets
1.243 EUR (-2.89%)
1.210 EUR (-5.47%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.354 EUR remains possible. It is advisable to trade GRAL.ALQ.MAQ. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.354 EUR. The next bearish objective for sellers is set at 1.243 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.210 EUR. In case of crossing, the next objective would be the support located at 1.178 EUR. PS: if there is a bullish break in the resistance located at 1.354 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.6
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GRAL.ALQ.MAQ. price is 1.280 EUR. The price registered an increase of +5.35% on the session with the lowest point at 1.180 EUR and the highest point at 1.280 EUR. The deviation from the price is +8.47% for the low point and 0% for the high point.1.180
1.280
1.280
Here is a more detailed summary of the historical variations registered by GRAL.ALQ.MAQ.:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GRAL.ALQ.MAQ. in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
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:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.178 | 1.210 | 1.243 | 1.280 | 1.354 | 1.430 | 1.483 |
| Change (%) | -7.97% | -5.47% | -2.89% | - | +5.78% | +11.72% | +15.86% |
| Change | -0.102 | -0.070 | -0.037 | - | +0.074 | +0.150 | +0.203 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.150 | 1.165 | 1.190 | 1.205 | 1.230 | 1.245 | 1.270 |
| Camarilla | 1.204 | 1.208 | 1.211 | 1.215 | 1.219 | 1.222 | 1.226 |
| Woodie | 1.155 | 1.168 | 1.195 | 1.208 | 1.235 | 1.248 | 1.275 |
| Fibonacci | 1.165 | 1.180 | 1.190 | 1.205 | 1.220 | 1.230 | 1.245 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.120 | 1.160 | 1.190 | 1.230 | 1.260 | 1.300 | 1.330 |
| Camarilla | 1.201 | 1.207 | 1.214 | 1.220 | 1.226 | 1.233 | 1.239 |
| Woodie | 1.115 | 1.158 | 1.185 | 1.228 | 1.255 | 1.298 | 1.325 |
| Fibonacci | 1.160 | 1.187 | 1.203 | 1.230 | 1.257 | 1.273 | 1.300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.120 | 1.175 | 1.215 | 1.270 | 1.310 | 1.365 | 1.405 |
| Camarilla | 1.229 | 1.238 | 1.246 | 1.255 | 1.264 | 1.272 | 1.281 |
| Woodie | 1.113 | 1.171 | 1.208 | 1.266 | 1.303 | 1.361 | 1.398 |
| Fibonacci | 1.175 | 1.211 | 1.234 | 1.270 | 1.306 | 1.329 | 1.365 |
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): | 33.23 | |
| MACD (12,26,9): | -0.0210 | |
| Directional Movement: | -6.188 | |
| AROON (14): | -85.714 | |
| DEMA (21): | 1.210 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.259 | |
| Elder Ray (13): | -0.037 | |
| Super Trend (3,10): | 1.275 | |
| Zig ZAG (10): | 1.195 | |
| VORTEX (21): | 0.7350 | |
| Stochastique (14,3,5): | 20.83 | |
| TEMA (21): | 1.207 | |
| Williams %R (14): | -85.00 | |
| Chande Momentum Oscillator (20): | -0.055 | |
| Repulse (5,40,3): | 1.4140 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2150 | |
| Courbe Coppock: | 6.64 |
| MA7: | 1.215 | |
| MA20: | 1.240 | |
| MA50: | 1.283 | |
| MA100: | 1.336 | |
| MAexp7: | 1.216 | |
| MAexp20: | 1.238 | |
| MAexp50: | 1.274 | |
| MAexp100: | 1.300 | |
| Price / MA7: | +5.35% | |
| Price / MA20: | +3.23% | |
| Price / MA50: | -0.23% | |
| Price / MA100: | -4.19% | |
| Price / MAexp7: | +5.26% | |
| Price / MAexp20: | +3.39% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | -1.54% |
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.
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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