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 10/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

56%

39%

My opinion

Bullish above 19.407 EUR

My targets

19.800 EUR (+0.89%)

20.090 EUR (+2.37%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ENDESA as long as the price remains well above 19.407 EUR. The buyers' bullish objective is set at 19.800 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.090 EUR.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.9

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 rating is 19.625 EUR. The price is lower by -0.20% since the last closing with the lowest point at 19.485 EUR and the highest point at 19.695 EUR. The deviation from the price is +0.72% for the low point and -0.36% for the high point.

19.485

19.695

19.625

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 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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ENDESA in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	19.015	19.264	19.407	19.625	19.800	20.090
Change (%)	-3.11%	-1.84%	-1.11%	-	+0.89%	+2.37%
Change	-0.610	-0.361	-0.218	-	+0.175	+0.465
Level	Minor	Major	Intermediate	-	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.005	19.195	19.430	19.620	19.855	20.045	20.280
Camarilla	19.548	19.587	19.626	19.665	19.704	19.743	19.782
Woodie	19.028	19.206	19.453	19.631	19.878	20.056	20.303
Fibonacci	19.195	19.357	19.458	19.620	19.782	19.883	20.045

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.867	18.268	18.602	19.003	19.337	19.738	20.072
Camarilla	18.733	18.800	18.868	18.935	19.002	19.070	19.137
Woodie	17.833	18.251	18.568	18.986	19.303	19.721	20.038
Fibonacci	18.268	18.549	18.723	19.003	19.284	19.458	19.738

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.983	18.497	19.063	19.577	20.143	20.657	21.223
Camarilla	19.333	19.432	19.531	19.630	19.729	19.828	19.927
Woodie	18.010	18.510	19.090	19.590	20.170	20.670	21.250
Fibonacci	18.497	18.909	19.164	19.577	19.989	20.244	20.657

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	66.03
MACD (12,26,9):	0.1460
Directional Movement:	24.711
AROON (14):	64.286
DEMA (21):	19.636
Parabolic SAR (0,02-0,02-0,2):	19.791
Elder Ray (13):	0.098
Super Trend (3,10):	19.439
Zig ZAG (10):	19.610
VORTEX (21):	1.2980
Stochastique (14,3,5):	62.25
TEMA (21):	19.717
Williams %R (14):	-37.74
Chande Momentum Oscillator (20):	0.135
Repulse (5,40,3):	0.0930
ROCnROLL:	1
TRIX (15,9):	0.1140
Courbe Coppock:	3.93

MA7:	19.261
MA20:	19.431
MA50:	19.127
MA100:	18.582
MAexp7:	19.581
MAexp20:	19.447
MAexp50:	19.293
MAexp100:	19.306
Price / MA7:	+1.89%
Price / MA20:	+1.00%
Price / MA50:	+2.60%
Price / MA100:	+5.61%
Price / MAexp7:	+0.22%
Price / MAexp20:	+0.92%
Price / MAexp50:	+1.72%
Price / MAexp100:	+1.65%

Quotes : - 15 min delayed data - Spain Stocks

News

Don't forget to follow the news on ENDESA. 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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