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 08/15/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

28%

My opinion

Bullish above 18.004 EUR

My targets

18.540 EUR (+1.90%)

18.766 EUR (+3.14%)

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 18.004 EUR. The next resistance located at 18.540 EUR 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 18.766 EUR. After this resistance, buyers could then target 19.279 EUR. 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 not called into question, despite technical indicators being indecisive.

Force

6.6

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

The ENDESA price is 18.195 EUR. On the day, this instrument lost -0.17% with the lowest point at 18.080 EUR and the highest point at 18.320 EUR. The deviation from the price is +0.64% for the low point and -0.68% for the high point.

18.080

18.320

18.195

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ENDESA indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 5 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Three white soldiers

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.648	18.004	18.141	18.195	18.255	18.540	18.766
Change (%)	-3.01%	-1.05%	-0.30%	-	+0.33%	+1.90%	+3.14%
Change	-0.547	-0.191	-0.054	-	+0.060	+0.345	+0.571
Level	Intermediate	Minor	Minor	-	Intermediate	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	17.692	17.808	18.017	18.133	18.342	18.458	18.667
Camarilla	18.136	18.165	18.195	18.225	18.255	18.285	18.314
Woodie	17.738	17.831	18.063	18.156	18.388	18.481	18.713
Fibonacci	17.808	17.933	18.009	18.133	18.258	18.334	18.458

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.442	16.918	17.347	17.823	18.252	18.728	19.157
Camarilla	17.526	17.609	17.692	17.775	17.858	17.941	18.024
Woodie	16.418	16.906	17.323	17.811	18.228	18.716	19.133
Fibonacci	16.918	17.264	17.478	17.823	18.169	18.383	18.728

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.63
MACD (12,26,9):	0.0540
Directional Movement:	13.402
AROON (14):	42.857
DEMA (21):	18.188
Parabolic SAR (0,02-0,02-0,2):	18.297
Elder Ray (13):	0.055
Super Trend (3,10):	17.983
Zig ZAG (10):	18.195
VORTEX (21):	1.1330
Stochastique (14,3,5):	37.77
TEMA (21):	18.197
Williams %R (14):	-52.08
Chande Momentum Oscillator (20):	0.055
Repulse (5,40,3):	0.3880
ROCnROLL:	1
TRIX (15,9):	0.0510
Courbe Coppock:	0.70

MA7:	17.967
MA20:	17.962
MA50:	18.040
MA100:	17.580
MAexp7:	18.156
MAexp20:	18.113
MAexp50:	18.029
MAexp100:	17.991
Price / MA7:	+1.27%
Price / MA20:	+1.30%
Price / MA50:	+0.86%
Price / MA100:	+3.50%
Price / MAexp7:	+0.21%
Price / MAexp20:	+0.45%
Price / MAexp50:	+0.92%
Price / MAexp100:	+1.13%

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.

About author

Londinia AI

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