REDEIA CORPORACION - Daily - Technical analysis published on 10/16/2019 (GMT)
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- Timeframe : Daily
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- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
33%
39%
28%
My opinion
Neutral between 17.451 EUR and 18.212 EUR
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 18.212 EUR. The first support is located at 17.451 EUR. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RED ELE.CORP rating 18.100 EUR. On the day, this instrument gained +0.22% and was traded between 17.965 EUR and 18.155 EUR over the period. The price is currently at +0.75% from its lowest and -0.30% from its highest.17.965
18.155
18.100
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this RED ELE.CORP chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.400 | 17.020 | 17.451 | 18.100 | 18.212 | 19.148 | 19.540 |
| Change (%) | -9.39% | -5.97% | -3.59% | - | +0.62% | +5.79% | +7.96% |
| Change | -1.700 | -1.080 | -0.649 | - | +0.112 | +1.048 | +1.440 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
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 | 17.803 | 17.887 | 17.973 | 18.057 | 18.143 | 18.227 | 18.313 |
| Camarilla | 18.013 | 18.029 | 18.044 | 18.060 | 18.076 | 18.091 | 18.107 |
| Woodie | 17.805 | 17.888 | 17.975 | 18.058 | 18.145 | 18.228 | 18.315 |
| Fibonacci | 17.887 | 17.952 | 17.992 | 18.057 | 18.122 | 18.162 | 18.227 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.485 | 17.660 | 17.830 | 18.005 | 18.175 | 18.350 | 18.520 |
| Camarilla | 17.905 | 17.937 | 17.968 | 18.000 | 18.032 | 18.063 | 18.095 |
| Woodie | 17.483 | 17.659 | 17.828 | 18.004 | 18.173 | 18.349 | 18.518 |
| Fibonacci | 17.660 | 17.792 | 17.873 | 18.005 | 18.137 | 18.218 | 18.350 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.980 | 17.365 | 18.000 | 18.385 | 19.020 | 19.405 | 20.040 |
| Camarilla | 18.355 | 18.448 | 18.542 | 18.635 | 18.729 | 18.822 | 18.916 |
| Woodie | 17.105 | 17.428 | 18.125 | 18.448 | 19.145 | 19.468 | 20.165 |
| Fibonacci | 17.365 | 17.755 | 17.995 | 18.385 | 18.775 | 19.015 | 19.405 |
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): | 50.01 | |
| MACD (12,26,9): | -0.0170 | |
| Directional Movement: | 2.125 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 18.103 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.494 | |
| Elder Ray (13): | -0.028 | |
| Super Trend (3,10): | 17.678 | |
| Zig ZAG (10): | 18.100 | |
| VORTEX (21): | 0.9910 | |
| Stochastique (14,3,5): | 28.94 | |
| TEMA (21): | 18.026 | |
| Williams %R (14): | -68.26 | |
| Chande Momentum Oscillator (20): | -0.535 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.94 |
| MA7: | 18.029 | |
| MA20: | 18.165 | |
| MA50: | 18.012 | |
| MA100: | 18.062 | |
| MAexp7: | 18.061 | |
| MAexp20: | 18.104 | |
| MAexp50: | 18.066 | |
| MAexp100: | 18.077 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | +0.49% | |
| Price / MA100: | +0.21% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.13% |
News
Don"t forget to follow the news on RED ELE.CORP. At the time of publication of this analysis, the latest news was as follows:
Red Electrica CorpThis member declared not having a position on this financial instrument or a related financial instrument.
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