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 08/09/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

11%

39%

50%

My opinion

Bullish above 2.252 EUR

My targets

2.611 EUR (+9.02%)

3.002 EUR (+25.33%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MOTA ENGIL as long as the price remains well above 2.252 EUR. The buyers' bullish objective is set at 2.611 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.002 EUR. If there is any crossing, the next objective would be the resistance located at 3.517 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

4.1

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

MOTA ENGIL rating 2.395 EUR. The price registered a decrease of -0.42% on the session and was between 2.390 EUR and 2.415 EUR. This implies that the price is at +0.21% from its lowest and at -0.83% from its highest.

2.390

2.415

2.395

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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

Technical analysis of this Daily chart of MOTA ENGIL indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

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	1.721	1.948	2.087	2.395	2.400	2.611	3.517
Change (%)	-28.14%	-18.66%	-12.86%	-	+0.21%	+9.02%	+46.85%
Change	-0.674	-0.447	-0.308	-	+0.005	+0.216	+1.122
Level	Intermediate	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
Standard	2.347	2.358	2.382	2.393	2.417	2.428	2.452
Camarilla	2.395	2.399	2.402	2.405	2.408	2.411	2.415
Woodie	2.353	2.361	2.388	2.396	2.423	2.431	2.458
Fibonacci	2.358	2.372	2.380	2.393	2.407	2.415	2.428

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.188	2.267	2.343	2.422	2.498	2.577	2.653
Camarilla	2.377	2.392	2.406	2.420	2.434	2.448	2.463
Woodie	2.188	2.266	2.343	2.421	2.498	2.576	2.653
Fibonacci	2.267	2.326	2.363	2.422	2.481	2.518	2.577

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.877	2.003	2.252	2.378	2.627	2.753	3.002
Camarilla	2.397	2.431	2.466	2.500	2.534	2.569	2.603
Woodie	1.938	2.034	2.313	2.409	2.688	2.784	3.063
Fibonacci	2.003	2.147	2.235	2.378	2.522	2.610	2.753

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):	57.36
MACD (12,26,9):	0.0550
Directional Movement:	4.720
AROON (14):	21.429
DEMA (21):	2.463
Parabolic SAR (0,02-0,02-0,2):	2.479
Elder Ray (13):	-0.003
Super Trend (3,10):	2.302
Zig ZAG (10):	2.395
VORTEX (21):	1.0820
Stochastique (14,3,5):	48.68
TEMA (21):	2.445
Williams %R (14):	-56.41
Chande Momentum Oscillator (20):	-0.045
Repulse (5,40,3):	-0.2540
ROCnROLL:	-1
TRIX (15,9):	0.4660
Courbe Coppock:	6.71

MA7:	2.414
MA20:	2.396
MA50:	2.219
MA100:	1.993
MAexp7:	2.412
MAexp20:	2.379
MAexp50:	2.241
MAexp100:	2.047
Price / MA7:	-0.79%
Price / MA20:	-0.04%
Price / MA50:	+7.93%
Price / MA100:	+20.17%
Price / MAexp7:	-0.70%
Price / MAexp20:	+0.67%
Price / MAexp50:	+6.87%
Price / MAexp100:	+17.00%

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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