CORREA

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	NEA
ISIN:	ES0166300212

CORREA - Daily - Technical analysis published on 09/27/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

22%

33%

My opinion

Bullish above 6.86 EUR

My targets

7.14 EUR (+1.42%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CORREA as long as the price remains well above 6.86 EUR. The buyers' bullish objective is set at 7.14 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.8

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

The CORREA rating is 7.04 EUR. The price is lower by -1.12% since the last closing and was traded between 7.00 EUR and 7.04 EUR over the period. The price is currently at +0.57% from its lowest and 0% from its highest.

7.00

7.04

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CORREA in Daily shows a strongly overall bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2
ProTrendLines	6.35	6.54	6.86	7.04	7.04	7.14
Change (%)	-9.80%	-7.10%	-2.56%	0%	-	+1.42%
Change	-0.69	-0.50	-0.18	0	-	+0.10
Level	Major	Minor	Minor	Intermediate	-	Intermediate

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	6.87	6.95	7.03	7.11	7.19	7.27	7.35
Camarilla	7.08	7.09	7.11	7.12	7.14	7.15	7.16
Woodie	6.88	6.95	7.04	7.11	7.20	7.27	7.36
Fibonacci	6.95	7.01	7.05	7.11	7.17	7.21	7.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.71	6.83	6.91	7.03	7.11	7.23	7.31
Camarilla	6.95	6.96	6.98	7.00	7.02	7.04	7.06
Woodie	6.70	6.82	6.90	7.02	7.10	7.22	7.30
Fibonacci	6.83	6.90	6.95	7.03	7.10	7.15	7.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.69	5.95	6.45	6.71	7.21	7.47	7.97
Camarilla	6.73	6.80	6.87	6.94	7.01	7.08	7.15
Woodie	5.80	6.01	6.56	6.77	7.32	7.53	8.08
Fibonacci	5.95	6.24	6.42	6.71	7.00	7.18	7.47

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):	52.88
MACD (12,26,9):	0.0800
Directional Movement:	5.24
AROON (14):	78.57
DEMA (21):	7.12
Parabolic SAR (0,02-0,02-0,2):	6.92
Elder Ray (13):	-0.03
Super Trend (3,10):	6.65
Zig ZAG (10):	7.04
VORTEX (21):	1.0000
Stochastique (14,3,5):	66.67
TEMA (21):	7.14
Williams %R (14):	-59.09
Chande Momentum Oscillator (20):	0.10
Repulse (5,40,3):	2.8500
ROCnROLL:	-1
TRIX (15,9):	0.1800
Courbe Coppock:	4.22

MA7:	7.08
MA20:	7.02
MA50:	6.82
MA100:	6.75
MAexp7:	7.08
MAexp20:	7.01
MAexp50:	6.88
MAexp100:	6.75
Price / MA7:	-0.56%
Price / MA20:	+0.28%
Price / MA50:	+3.23%
Price / MA100:	+4.30%
Price / MAexp7:	-0.56%
Price / MAexp20:	+0.43%
Price / MAexp50:	+2.33%
Price / MAexp100:	+4.30%

Quotes : - 15 min delayed data - Spain Stocks

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

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