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MOTA ENGIL
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 - 1H - Technical analysis published on 07/31/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 2.435 EUR
My targets
2.505 EUR (+1.21%)
2.611 EUR (+5.49%)
My analysis
The basic bullish trend is very strong on MOTA ENGIL but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.435 EUR. Crossing the first resistance at 2.505 EUR would be a sign of a potential new surge in the price. 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. Caution, a return to below 2.435 EUR would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The MOTA ENGIL rating is 2.475 EUR. On the day, this instrument gained +1.23% with the lowest point at 2.415 EUR and the highest point at 2.475 EUR. The deviation from the price is +2.48% for the low point and 0% for the high point.

2.415
2.475
2.475

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MOTA ENGIL:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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


A technical analysis in 1H of this MOTA ENGIL chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



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:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.195 2.340 2.435 2.475 2.505 2.611 3.517
Change (%) -11.31% -5.45% -1.62% - +1.21% +5.49% +42.10%
Change -0.280 -0.135 -0.040 - +0.030 +0.136 +1.042
Level Minor Major Minor - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.3522.3882.4172.4532.4822.5182.547
Camarilla2.4272.4332.4392.4452.4512.4572.463
Woodie2.3482.3862.4132.4512.4782.5162.543
Fibonacci2.3882.4132.4292.4532.4782.4942.518


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.1982.2722.3582.4322.5182.5922.678
Camarilla2.4012.4162.4302.4452.4602.4742.489
Woodie2.2052.2752.3652.4352.5252.5952.685
Fibonacci2.2722.3332.3712.4322.4932.5312.592


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.4471.6361.9412.1302.4352.6242.929
Camarilla2.1092.1542.2002.2452.2902.3362.381
Woodie1.5041.6651.9982.1592.4922.6532.986
Fibonacci1.6361.8251.9422.1302.3192.4362.624

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): 59.86
MACD (12,26,9): 0.0030
Directional Movement: 10.079
AROON (14): -64.285
DEMA (21): 2.455
Parabolic SAR (0,02-0,02-0,2): 2.478
Elder Ray (13): 0.016
Super Trend (3,10): 2.484
Zig ZAG (10): 2.475
VORTEX (21): 1.0000
Stochastique (14,3,5): 55.56
TEMA (21): 2.449
Williams %R (14): -20.00
Chande Momentum Oscillator (20): 0.000
Repulse (5,40,3): 1.2400
ROCnROLL: 1
TRIX (15,9): 0.0090
Courbe Coppock: 0.16
MA7: 2.444
MA20: 2.335
MA50: 2.150
MA100: 1.926
MAexp7: 2.454
MAexp20: 2.451
MAexp50: 2.434
MAexp100: 2.393
Price / MA7: +1.27%
Price / MA20: +6.00%
Price / MA50: +15.12%
Price / MA100: +28.50%
Price / MAexp7: +0.86%
Price / MAexp20: +0.98%
Price / MAexp50: +1.68%
Price / MAexp100: +3.43%

Quotes : - 15 min delayed data - Euronext Lisbonne

News


Don't forget to follow the news on MOTA ENGIL. At the time of publication of this analysis, the latest news was as follows:

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

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