REDEIA CORPORACION

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	RED
ISIN:	ES0173093024

REDEIA CORPORACION - Daily - Technical analysis published on 04/21/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 15.997 EUR

My targets

17.457 EUR (+4.97%)

18.028 EUR (+8.41%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RED ELE. CORP as long as the price remains well above 15.997 EUR. The buyers' bullish objective is set at 17.457 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.028 EUR. If there is any crossing, the next objective would be the resistance located at 18.828 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

6.3

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

RED ELE. CORP rating 16.630 EUR. The price registered an increase of +0.88% on the session and was between 16.480 EUR and 16.680 EUR. This implies that the price is at +0.91% from its lowest and at -0.30% from its highest.

16.480

16.680

16.630

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

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of RED ELE. CORP indicates that the overall trend is bullish. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.418	15.997	16.421	16.630	17.457	18.028	18.828
Change (%)	-7.29%	-3.81%	-1.26%	-	+4.97%	+8.41%	+13.22%
Change	-1.212	-0.633	-0.209	-	+0.827	+1.398	+2.198
Level	Intermediate	Intermediate	Major	-	Major	Minor	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	16.227	16.298	16.392	16.463	16.557	16.628	16.722
Camarilla	16.440	16.455	16.470	16.485	16.500	16.515	16.530
Woodie	16.238	16.304	16.403	16.469	16.568	16.634	16.733
Fibonacci	16.298	16.361	16.400	16.463	16.526	16.565	16.628

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.423	15.807	16.003	16.387	16.583	16.967	17.163
Camarilla	16.041	16.094	16.147	16.200	16.253	16.306	16.360
Woodie	15.330	15.760	15.910	16.340	16.490	16.920	17.070
Fibonacci	15.807	16.028	16.165	16.387	16.608	16.745	16.967

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.658	14.997	15.598	15.937	16.538	16.877	17.478
Camarilla	15.942	16.028	16.114	16.200	16.286	16.372	16.459
Woodie	14.790	15.063	15.730	16.003	16.670	16.943	17.610
Fibonacci	14.997	15.356	15.578	15.937	16.296	16.518	16.877

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):	62.15
MACD (12,26,9):	0.1580
Directional Movement:	4.293
AROON (14):	35.714
DEMA (21):	16.477
Parabolic SAR (0,02-0,02-0,2):	16.060
Elder Ray (13):	0.205
Super Trend (3,10):	15.840
Zig ZAG (10):	16.680
VORTEX (21):	1.1290
Stochastique (14,3,5):	73.47
TEMA (21):	16.608
Williams %R (14):	-14.00
Chande Momentum Oscillator (20):	0.445
Repulse (5,40,3):	2.1820
ROCnROLL:	1
TRIX (15,9):	0.1320
Courbe Coppock:	6.34

MA7:	16.409
MA20:	16.248
MA50:	16.026
MA100:	16.274
MAexp7:	16.461
MAexp20:	16.285
MAexp50:	16.170
MAexp100:	16.281
Price / MA7:	+1.35%
Price / MA20:	+2.35%
Price / MA50:	+3.77%
Price / MA100:	+2.19%
Price / MAexp7:	+1.03%
Price / MAexp20:	+2.12%
Price / MAexp50:	+2.84%
Price / MAexp100:	+2.14%

Quotes : - 15 min delayed data - Spain Stocks

News

The last news published on RED ELE. CORP at the time of the generation of this analysis was as follows:

Red Electrica Corp

This member declared not having a position on this financial instrument or a related financial instrument.

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