TELEFONICA SA - Daily - Technical analysis published on 10/21/2019 (GMT)
- 221
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 7.60 USD
My targets
7.89 USD (+0.13%)
8.31 USD (+5.46%)
My analysis
TELEFONICA SA is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.60 USD. The next resistance located at 7.89 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.31 USD. After this resistance, buyers could then target 8.52 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.5
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TELEFONICA SA price is 7.88 USD. The price has increased by +0.38% since the last closing with the lowest point at 7.84 USD and the highest point at 7.94 USD. The deviation from the price is +0.51% for the low point and -0.76% for the high point.7.84
7.94
7.88
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TELEFONICA SA:
Technical
Technical analysis of this Daily chart of TELEFONICA SA indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.50 | 7.40 | 7.60 | 7.88 | 7.89 | 8.31 | 8.52 |
| Change (%) | -17.51% | -6.09% | -3.55% | - | +0.13% | +5.46% | +8.12% |
| Change | -1.38 | -0.48 | -0.28 | - | +0.01 | +0.43 | +0.64 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.75 | 7.78 | 7.81 | 7.84 | 7.87 | 7.90 | 7.93 |
| Camarilla | 7.83 | 7.84 | 7.84 | 7.85 | 7.86 | 7.86 | 7.87 |
| Woodie | 7.76 | 7.78 | 7.82 | 7.84 | 7.88 | 7.90 | 7.94 |
| Fibonacci | 7.78 | 7.80 | 7.81 | 7.84 | 7.86 | 7.87 | 7.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.48 | 7.57 | 7.71 | 7.80 | 7.94 | 8.03 | 8.17 |
| Camarilla | 7.79 | 7.81 | 7.83 | 7.85 | 7.87 | 7.89 | 7.91 |
| Woodie | 7.51 | 7.59 | 7.74 | 7.82 | 7.97 | 8.05 | 8.20 |
| Fibonacci | 7.57 | 7.66 | 7.72 | 7.80 | 7.89 | 7.95 | 8.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.43 | 6.68 | 7.14 | 7.38 | 7.84 | 8.09 | 8.55 |
| Camarilla | 7.41 | 7.47 | 7.54 | 7.60 | 7.67 | 7.73 | 7.79 |
| Woodie | 6.54 | 6.73 | 7.25 | 7.44 | 7.95 | 8.14 | 8.66 |
| Fibonacci | 6.68 | 6.95 | 7.11 | 7.38 | 7.65 | 7.82 | 8.09 |
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): | 71.17 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | 26.31 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 7.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.51 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 7.58 | |
| Zig ZAG (10): | 7.88 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 89.24 | |
| TEMA (21): | 7.88 | |
| Williams %R (14): | -9.68 | |
| Chande Momentum Oscillator (20): | 0.44 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 6.73 |
| MA7: | 7.80 | |
| MA20: | 7.61 | |
| MA50: | 7.25 | |
| MA100: | 7.65 | |
| MAexp7: | 7.78 | |
| MAexp20: | 7.63 | |
| MAexp50: | 7.51 | |
| MAexp100: | 7.61 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | +3.55% | |
| Price / MA50: | +8.69% | |
| Price / MA100: | +3.01% | |
| Price / MAexp7: | +1.29% | |
| Price / MAexp20: | +3.28% | |
| Price / MAexp50: | +4.93% | |
| Price / MAexp100: | +3.55% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis TELEFONICA SA - Daily