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 08/23/2024 (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

89%

11%

My opinion

Bullish above 18.565 EUR

My targets

19.279 EUR (+3.23%)

My analysis

The bullish trend is currently very strong on ENDESA. As long as the price remains above the support at 18.565 EUR, you could try to benefit from the boom. The first bullish objective is located at 19.279 EUR. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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

The ENDESA price is 18.675 EUR. The price registered an increase of +0.86% on the session and was traded between 18.520 EUR and 18.720 EUR over the period. The price is currently at +0.84% from its lowest and -0.24% from its highest.

18.520

18.720

18.675

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

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 results:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ENDESA in 1H shows a strongly overall bullish trend. 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, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	17.860	18.177	18.565	18.675	18.766	19.279
Change (%)	-4.36%	-2.67%	-0.59%	-	+0.49%	+3.23%
Change	-0.815	-0.498	-0.110	-	+0.091	+0.604
Level	Minor	Intermediate	Intermediate	-	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.115	18.215	18.365	18.465	18.615	18.715	18.865
Camarilla	18.446	18.469	18.492	18.515	18.538	18.561	18.584
Woodie	18.140	18.228	18.390	18.478	18.640	18.728	18.890
Fibonacci	18.215	18.311	18.370	18.465	18.561	18.620	18.715

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.407	17.623	17.917	18.133	18.427	18.643	18.937
Camarilla	18.070	18.117	18.163	18.210	18.257	18.304	18.350
Woodie	17.445	17.643	17.955	18.153	18.465	18.663	18.975
Fibonacci	17.623	17.818	17.939	18.133	18.328	18.449	18.643

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):	71.54
MACD (12,26,9):	0.0920
Directional Movement:	29.052
AROON (14):	92.857
DEMA (21):	18.625
Parabolic SAR (0,02-0,02-0,2):	18.508
Elder Ray (13):	0.111
Super Trend (3,10):	18.494
Zig ZAG (10):	18.675
VORTEX (21):	1.3190
Stochastique (14,3,5):	91.92
TEMA (21):	18.667
Williams %R (14):	-11.11
Chande Momentum Oscillator (20):	0.120
Repulse (5,40,3):	0.2610
ROCnROLL:	1
TRIX (15,9):	0.0590
Courbe Coppock:	2.71

MA7:	18.354
MA20:	18.105
MA50:	18.091
MA100:	17.710
MAexp7:	18.617
MAexp20:	18.512
MAexp50:	18.382
MAexp100:	18.256
Price / MA7:	+1.75%
Price / MA20:	+3.15%
Price / MA50:	+3.23%
Price / MA100:	+5.45%
Price / MAexp7:	+0.31%
Price / MAexp20:	+0.88%
Price / MAexp50:	+1.59%
Price / MAexp100:	+2.30%

Quotes : - 15 min delayed data - Spain Stocks

News

The latest news and videos published on ENDESA at the time of the analysis were 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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