LINGOTES ESP - Daily - Technical analysis published on 08/14/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 6.91 EUR
My targets
8.19 EUR (+6.92%)
8.52 EUR (+11.23%)
My analysis
The basic trend is bullish on LINGOTES ESP and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 6.91 EUR. Sellers would then use the next support located at 6.48 EUR as an objective. Crossing it would then enable sellers to target 6.17 EUR. If there is a return to above the resistance located at 8.19 EUR, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 8.52 EUR and 9.09 EUR by extension.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.6
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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 price is 7.66 EUR. The price registered an increase of +2.96% on the session and was between 7.34 EUR and 7.66 EUR. This implies that the price is at +4.36% from its lowest and at 0% from its highest.7.34
7.66
7.66
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on LINGOTES ESP were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this LINGOTES ESP chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly 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 adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.17 | 6.48 | 6.91 | 7.66 | 7.72 | 8.19 | 8.52 |
| Change (%) | -19.45% | -15.40% | -9.79% | - | +0.78% | +6.92% | +11.23% |
| Change | -1.49 | -1.18 | -0.75 | - | +0.06 | +0.53 | +0.86 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
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 | 7.27 | 7.31 | 7.37 | 7.41 | 7.47 | 7.51 | 7.57 |
| Camarilla | 7.41 | 7.42 | 7.43 | 7.44 | 7.45 | 7.46 | 7.47 |
| Woodie | 7.29 | 7.32 | 7.39 | 7.42 | 7.49 | 7.52 | 7.59 |
| Fibonacci | 7.31 | 7.35 | 7.37 | 7.41 | 7.45 | 7.47 | 7.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.36 | 6.80 | 7.12 | 7.56 | 7.88 | 8.32 | 8.64 |
| Camarilla | 7.23 | 7.30 | 7.37 | 7.44 | 7.51 | 7.58 | 7.65 |
| Woodie | 6.30 | 6.77 | 7.06 | 7.53 | 7.82 | 8.29 | 8.58 |
| Fibonacci | 6.80 | 7.09 | 7.27 | 7.56 | 7.85 | 8.03 | 8.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.41 | 6.97 | 7.46 | 8.02 | 8.51 | 9.07 | 9.56 |
| Camarilla | 7.67 | 7.77 | 7.86 | 7.96 | 8.06 | 8.15 | 8.25 |
| Woodie | 6.39 | 6.95 | 7.44 | 8.00 | 8.49 | 9.05 | 9.54 |
| Fibonacci | 6.97 | 7.37 | 7.62 | 8.02 | 8.42 | 8.67 | 9.07 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.88 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -2.05 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 7.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.39 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 7.44 | |
| Zig ZAG (10): | 7.66 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 35.96 | |
| TEMA (21): | 7.50 | |
| Williams %R (14): | -44.74 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | 6.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 7.95 |
| MA7: | 7.57 | |
| MA20: | 7.78 | |
| MA50: | 7.73 | |
| MA100: | 7.13 | |
| MAexp7: | 7.60 | |
| MAexp20: | 7.72 | |
| MAexp50: | 7.61 | |
| MAexp100: | 7.31 | |
| Price / MA7: | +1.19% | |
| Price / MA20: | -1.54% | |
| Price / MA50: | -0.91% | |
| Price / MA100: | +7.43% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | -0.78% | |
| Price / MAexp50: | +0.66% | |
| Price / MAexp100: | +4.79% |
Quotes :
-
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.
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