LINGOTES ESP

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	LGT
ISIN:	ES0158480311

LINGOTES ESP - Daily - Technical analysis published on 09/16/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 7.36 EUR

My targets

6.91 EUR (-3.49%)

6.48 EUR (-9.50%)

My analysis

In the short term, we can see an acceleration in the bearish trend on LINGOTES ESP, which is a positive signal for sellers. As long as the price remains above 7.36 EUR, a sale could be considered. The first bearish objective is located at 6.91 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.48 EUR as an objective. Crossing it would then enable sellers to target 6.15 EUR. If the price were to return above 7.36 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

5.2

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

The LINGOTES ESP rating is 7.16 EUR. On the day, this instrument lost -1.92% and was traded between 7.08 EUR and 7.30 EUR over the period. The price is currently at +1.13% from its lowest and -1.92% from its highest.

7.08

7.30

7.16

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

Technical

Technical analysis of LINGOTES ESP in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.15	6.48	6.91	7.16	7.36	7.72	8.19
Change (%)	-14.11%	-9.50%	-3.49%	-	+2.79%	+7.82%	+14.39%
Change	-1.01	-0.68	-0.25	-	+0.20	+0.56	+1.03
Level	Major	Major	Intermediate	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.19	7.25	7.27	7.33	7.35	7.41	7.43
Camarilla	7.28	7.29	7.29	7.30	7.31	7.32	7.32
Woodie	7.18	7.24	7.26	7.32	7.34	7.40	7.42
Fibonacci	7.25	7.28	7.30	7.33	7.36	7.38	7.41

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.56	6.82	7.06	7.32	7.56	7.82	8.06
Camarilla	7.16	7.21	7.25	7.30	7.35	7.39	7.44
Woodie	6.55	6.82	7.05	7.32	7.55	7.82	8.05
Fibonacci	6.82	7.01	7.13	7.32	7.51	7.63	7.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.32	6.78	7.08	7.54	7.84	8.30	8.60
Camarilla	7.17	7.24	7.31	7.38	7.45	7.52	7.59
Woodie	6.24	6.74	7.00	7.50	7.76	8.26	8.52
Fibonacci	6.78	7.07	7.25	7.54	7.83	8.01	8.30

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):	35.28
MACD (12,26,9):	-0.0900
Directional Movement:	-19.64
AROON (14):	-50.00
DEMA (21):	7.29
Parabolic SAR (0,02-0,02-0,2):	7.86
Elder Ray (13):	-0.17
Super Trend (3,10):	7.65
Zig ZAG (10):	7.16
VORTEX (21):	0.9200
Stochastique (14,3,5):	28.89
TEMA (21):	7.25
Williams %R (14):	-86.67
Chande Momentum Oscillator (20):	-0.46
Repulse (5,40,3):	-4.4100
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	4.68

MA7:	7.30
MA20:	7.42
MA50:	7.67
MA100:	7.34
MAexp7:	7.30
MAexp20:	7.41
MAexp50:	7.49
MAexp100:	7.34
Price / MA7:	-1.92%
Price / MA20:	-3.50%
Price / MA50:	-6.65%
Price / MA100:	-2.45%
Price / MAexp7:	-1.92%
Price / MAexp20:	-3.37%
Price / MAexp50:	-4.41%
Price / MAexp100:	-2.45%

Quotes : - 15 min delayed data - Spain Stocks

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

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