LINGOTES ESP - Daily - Technical analysis published on 09/11/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
44%
33%
22%
My opinion
Bearish under 7.95 EUR
My targets
6.83 EUR (-9.42%)
6.18 EUR (-18.04%)
My analysis
The current short-term bearish acceleration registered on LINGOTES ESP should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 7.95 EUR. Short-term sellers will use the support located at 6.83 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 6.18 EUR. Crossing this support would then open the door for sellers to target 5.49 EUR. Caution, if there is a return to below 7.95 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LINGOTES ESP rating is 7.54 EUR. The price has increased by +3.86% since the last closing with the lowest point at 7.54 EUR and the highest point at 7.54 EUR. The deviation from the price is 0% for the low point and 0% for the high point.7.54
7.54
7.54
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
Here is a more detailed summary of the historical variations registered by LINGOTES ESP:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this LINGOTES ESP chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 8 are bullish, 4 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.18 | 6.83 | 7.50 | 7.54 | 7.95 | 8.27 | 8.93 |
| Change (%) | -18.04% | -9.42% | -0.53% | - | +5.44% | +9.68% | +18.44% |
| Change | -1.36 | -0.71 | -0.04 | - | +0.41 | +0.73 | +1.39 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 6.82 | 7.02 | 7.14 | 7.34 | 7.46 | 7.66 | 7.78 |
| Camarilla | 7.17 | 7.20 | 7.23 | 7.26 | 7.29 | 7.32 | 7.35 |
| Woodie | 6.78 | 7.00 | 7.10 | 7.32 | 7.42 | 7.64 | 7.74 |
| Fibonacci | 7.02 | 7.14 | 7.22 | 7.34 | 7.46 | 7.54 | 7.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.61 | 6.91 | 7.09 | 7.39 | 7.57 | 7.87 | 8.05 |
| Camarilla | 7.13 | 7.17 | 7.22 | 7.26 | 7.30 | 7.35 | 7.39 |
| Woodie | 6.54 | 6.88 | 7.02 | 7.36 | 7.50 | 7.84 | 7.98 |
| Fibonacci | 6.91 | 7.10 | 7.21 | 7.39 | 7.58 | 7.69 | 7.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.83 | 7.13 | 7.41 | 7.71 | 7.99 | 8.29 | 8.57 |
| Camarilla | 7.54 | 7.59 | 7.65 | 7.70 | 7.75 | 7.81 | 7.86 |
| Woodie | 6.83 | 7.13 | 7.41 | 7.71 | 7.99 | 8.29 | 8.57 |
| Fibonacci | 7.13 | 7.35 | 7.49 | 7.71 | 7.93 | 8.07 | 8.29 |
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): | 47.48 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -15.65 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 7.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.83 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 7.70 | |
| Zig ZAG (10): | 7.54 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 24.69 | |
| TEMA (21): | 7.44 | |
| Williams %R (14): | -40.74 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -2.6500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 4.15 |
| MA7: | 7.49 | |
| MA20: | 7.61 | |
| MA50: | 7.70 | |
| MA100: | 7.52 | |
| MAexp7: | 7.47 | |
| MAexp20: | 7.57 | |
| MAexp50: | 7.62 | |
| MAexp100: | 7.53 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -2.08% | |
| Price / MA100: | +0.27% | |
| Price / MAexp7: | +0.94% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -1.05% | |
| Price / MAexp100: | +0.13% |
Quotes :
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15 min delayed data
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Spain Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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