MOTA ENGIL

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	EGL
ISIN:	PTMEN0AE0005

MOTA ENGIL - Daily - Technical analysis published on 06/26/2023 (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%

17%

39%

My opinion

Bullish above 1.948 EUR

My targets

2.254 EUR (+8.87%)

2.611 EUR (+26.14%)

My analysis

The bullish trend is currently very strong on MOTA ENGIL. As long as the price remains above the support at 1.948 EUR, you could try to benefit from the boom. The first bullish objective is located at 2.254 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.611 EUR as an objective. Crossing it would then enable buyers to target 3.517 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 MOTA ENGIL price is 2.070 EUR. The price has increased by +2.73% since the last closing and was traded between 2.000 EUR and 2.080 EUR over the period. The price is currently at +3.50% from its lowest and -0.48% from its highest.

2.000

2.080

2.070

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

Technical

Technical analysis of this Daily chart of MOTA ENGIL indicates that the overall trend is strongly bullish. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.393	1.721	1.948	2.070	2.087	2.611	3.517
Change (%)	-32.71%	-16.86%	-5.89%	-	+0.82%	+26.14%	+69.90%
Change	-0.677	-0.349	-0.122	-	+0.017	+0.541	+1.447
Level	Intermediate	Intermediate	Major	-	Major	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	1.950	1.965	1.990	2.005	2.030	2.045	2.070
Camarilla	2.004	2.008	2.011	2.015	2.019	2.022	2.026
Woodie	1.955	1.968	1.995	2.008	2.035	2.048	2.075
Fibonacci	1.965	1.980	1.990	2.005	2.020	2.030	2.045

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.890	1.935	1.975	2.020	2.060	2.105	2.145
Camarilla	1.992	1.999	2.007	2.015	2.023	2.031	2.038
Woodie	1.888	1.934	1.973	2.019	2.058	2.104	2.143
Fibonacci	1.935	1.968	1.988	2.020	2.053	2.073	2.105

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.501	1.665	1.752	1.916	2.003	2.167	2.254
Camarilla	1.769	1.792	1.815	1.838	1.861	1.884	1.907
Woodie	1.462	1.646	1.713	1.897	1.964	2.148	2.215
Fibonacci	1.665	1.761	1.821	1.916	2.012	2.072	2.167

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):	59.17
MACD (12,26,9):	0.0380
Directional Movement:	4.304
AROON (14):	21.429
DEMA (21):	2.063
Parabolic SAR (0,02-0,02-0,2):	2.186
Elder Ray (13):	0.007
Super Trend (3,10):	1.899
Zig ZAG (10):	2.065
VORTEX (21):	1.0440
Stochastique (14,3,5):	55.47
TEMA (21):	2.055
Williams %R (14):	-37.88
Chande Momentum Oscillator (20):	-0.080
Repulse (5,40,3):	3.5410
ROCnROLL:	1
TRIX (15,9):	0.2970
Courbe Coppock:	11.71

MA7:	2.042
MA20:	1.999
MA50:	1.940
MA100:	1.785
MAexp7:	2.040
MAexp20:	2.010
MAexp50:	1.918
MAexp100:	1.775
Price / MA7:	+1.37%
Price / MA20:	+3.55%
Price / MA50:	+6.70%
Price / MA100:	+15.97%
Price / MAexp7:	+1.47%
Price / MAexp20:	+2.99%
Price / MAexp50:	+7.92%
Price / MAexp100:	+16.62%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The last news published on MOTA ENGIL at the time of the generation of this analysis was as follows:

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

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