ENDESA - Daily - Technical analysis published on 11/14/2024 (GMT)
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- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under
My targets
()
()
My analysis
The strong short-term decline in ENDESA calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at , one could consider taking advantage of the short-term movement. The first bearish objective is located at . The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . Be careful, a return to above could jeopardize the reversal.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
1.8
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Additional analysis
Quotes
ENDESA rating 19.360 EUR. On the day, this instrument lost -0.28% and was between 19.135 EUR and 19.455 EUR. This implies that the price is at +1.18% from its lowest and at -0.49% from its highest.19.135
19.455
19.360
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ENDESA chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 17.535 | 18.675 | 19.264 | 19.360 | 19.630 | 19.985 |
| Change (%) | -9.43% | -3.54% | -0.50% | - | +1.39% | +3.23% |
| Change | -1.825 | -0.685 | -0.096 | - | +0.270 | +0.625 |
| Level | Major | Intermediate | Major | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.973 | 19.152 | 19.283 | 19.462 | 19.593 | 19.772 | 19.903 |
| Camarilla | 19.330 | 19.358 | 19.387 | 19.415 | 19.443 | 19.472 | 19.500 |
| Woodie | 18.950 | 19.140 | 19.260 | 19.450 | 19.570 | 19.760 | 19.880 |
| Fibonacci | 19.152 | 19.270 | 19.343 | 19.462 | 19.580 | 19.653 | 19.772 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.005 | 18.540 | 18.920 | 19.455 | 19.835 | 20.370 | 20.750 |
| Camarilla | 19.048 | 19.132 | 19.216 | 19.300 | 19.384 | 19.468 | 19.552 |
| Woodie | 17.928 | 18.501 | 18.843 | 19.416 | 19.758 | 20.331 | 20.673 |
| Fibonacci | 18.540 | 18.890 | 19.106 | 19.455 | 19.805 | 20.021 | 20.370 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.680 | 18.175 | 18.990 | 19.485 | 20.300 | 20.795 | 21.610 |
| Camarilla | 19.445 | 19.565 | 19.685 | 19.805 | 19.925 | 20.045 | 20.165 |
| Woodie | 17.840 | 18.255 | 19.150 | 19.565 | 20.460 | 20.875 | 21.770 |
| Fibonacci | 18.175 | 18.675 | 18.985 | 19.485 | 19.985 | 20.295 | 20.795 |
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): | 44.37 | |
| MACD (12,26,9): | -0.0320 | |
| Directional Movement: | -11.014 | |
| AROON (14): | -7.143 | |
| DEMA (21): | 19.501 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.902 | |
| Elder Ray (13): | -0.191 | |
| Super Trend (3,10): | 19.088 | |
| Zig ZAG (10): | 19.305 | |
| VORTEX (21): | 0.9030 | |
| Stochastique (14,3,5): | 33.70 | |
| TEMA (21): | 19.382 | |
| Williams %R (14): | -75.96 | |
| Chande Momentum Oscillator (20): | -0.410 | |
| Repulse (5,40,3): | -0.8990 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0150 | |
| Courbe Coppock: | 2.74 |
| MA7: | 19.344 | |
| MA20: | 19.600 | |
| MA50: | 19.559 | |
| MA100: | 18.893 | |
| MAexp7: | 19.426 | |
| MAexp20: | 19.511 | |
| MAexp50: | 19.382 | |
| MAexp100: | 19.007 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -1.22% | |
| Price / MA50: | -1.02% | |
| Price / MA100: | +2.47% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -0.77% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | +1.86% |
Quotes :
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15 min delayed data
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Spain Stocks
News
The latest news and videos published on ENDESA at the time of the analysis were as follows:
EndesaThis member declared not having a position on this financial instrument or a related financial instrument.
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