ENDESA

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ELE
ISIN:	ES0130670112

ENDESA - 1H - Technical analysis published on 08/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 17.861 EUR

My targets

18.255 EUR (+1.30%)

18.350 EUR (+1.83%)

My analysis

ENDESA 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 17.861 EUR. The next resistance located at 18.255 EUR is the next bullish target 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 18.350 EUR. After this resistance, buyers could then target 18.540 EUR.

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

6.1

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.

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Additional analysis

Quotes

ENDESA rating 18.020 EUR. On the day, this instrument lost -0.47% and was traded between 17.990 EUR and 18.120 EUR over the period. The price is currently at +0.17% from its lowest and -0.55% from its highest.

17.990

18.120

18.020

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.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ENDESA chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Ichimoku : price is under the cloud

Type : Bearish

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:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.521	17.680	17.861	18.020	18.035	18.255	18.350
Change (%)	-2.77%	-1.89%	-0.88%	-	+0.08%	+1.30%	+1.83%
Change	-0.499	-0.340	-0.159	-	+0.015	+0.235	+0.330
Level	Major	Intermediate	Minor	-	Minor	Intermediate	Minor

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	17.313	17.472	17.788	17.947	18.263	18.422	18.738
Camarilla	17.974	18.018	18.062	18.105	18.149	18.192	18.236
Woodie	17.393	17.511	17.868	17.986	18.343	18.461	18.818
Fibonacci	17.472	17.653	17.765	17.947	18.128	18.240	18.422

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.968	17.307	17.863	18.202	18.758	19.097	19.653
Camarilla	18.174	18.256	18.338	18.420	18.502	18.584	18.666
Woodie	17.078	17.361	17.973	18.256	18.868	19.151	19.763
Fibonacci	17.307	17.649	17.860	18.202	18.544	18.755	19.097

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.518	17.027	17.463	17.972	18.408	18.917	19.353
Camarilla	17.640	17.727	17.813	17.900	17.987	18.073	18.160
Woodie	16.483	17.009	17.428	17.954	18.373	18.899	19.318
Fibonacci	17.027	17.388	17.611	17.972	18.333	18.556	18.917

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):	57.27
MACD (12,26,9):	0.0530
Directional Movement:	7.756
AROON (14):	92.857
DEMA (21):	17.931
Parabolic SAR (0,02-0,02-0,2):	17.798
Elder Ray (13):	0.127
Super Trend (3,10):	17.797
Zig ZAG (10):	18.005
VORTEX (21):	1.0880
Stochastique (14,3,5):	92.88
TEMA (21):	18.023
Williams %R (14):	-18.85
Chande Momentum Oscillator (20):	0.390
Repulse (5,40,3):	-0.0310
ROCnROLL:	1
TRIX (15,9):	-0.0070
Courbe Coppock:	5.04

MA7:	17.940
MA20:	17.962
MA50:	18.044
MA100:	17.497
MAexp7:	17.999
MAexp20:	17.891
MAexp50:	17.898
MAexp100:	17.928
Price / MA7:	+0.45%
Price / MA20:	+0.32%
Price / MA50:	-0.13%
Price / MA100:	+2.99%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.72%
Price / MAexp50:	+0.68%
Price / MAexp100:	+0.51%

Quotes : - 15 min delayed data - Spain Stocks

News

The last news published on ENDESA 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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