GRIFOLS B - 1H - Technical analysis published on 05/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 6.355 EUR
My targets
6.530 EUR (+2.11%)
6.650 EUR (+3.99%)
My analysis
The basic bullish trend is very strong on GRIFOLS B but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 6.355 EUR. Crossing the first resistance at 6.530 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 6.650 EUR as an objective. Crossing it would then enable buyers to target 7.155 EUR. Caution, a return to below 6.355 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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Additional analysis
Quotes
The GRIFOLS B price is 6.395 EUR. The price registered a decrease of -0.08% on the session with the lowest point at 6.320 EUR and the highest point at 6.415 EUR. The deviation from the price is +1.19% for the low point and -0.31% for the high point.6.320
6.415
6.395
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GRIFOLS B in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
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 | 6.050 | 6.222 | 6.355 | 6.395 | 6.530 | 6.650 | 7.155 |
| Change (%) | -5.39% | -2.71% | -0.63% | - | +2.11% | +3.99% | +11.88% |
| Change | -0.345 | -0.173 | -0.040 | - | +0.135 | +0.255 | +0.760 |
| Level | Major | Intermediate | Minor | - | Minor | 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 | 6.033 | 6.127 | 6.263 | 6.357 | 6.493 | 6.587 | 6.723 |
| Camarilla | 6.337 | 6.358 | 6.379 | 6.400 | 6.421 | 6.442 | 6.463 |
| Woodie | 6.055 | 6.138 | 6.285 | 6.368 | 6.515 | 6.598 | 6.745 |
| Fibonacci | 6.127 | 6.215 | 6.269 | 6.357 | 6.445 | 6.499 | 6.587 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.520 | 5.680 | 5.880 | 6.040 | 6.240 | 6.400 | 6.600 |
| Camarilla | 5.981 | 6.014 | 6.047 | 6.080 | 6.113 | 6.146 | 6.179 |
| Woodie | 5.540 | 5.690 | 5.900 | 6.050 | 6.260 | 6.410 | 6.620 |
| Fibonacci | 5.680 | 5.818 | 5.903 | 6.040 | 6.178 | 6.263 | 6.400 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.492 | 5.078 | 5.542 | 6.128 | 6.592 | 7.178 | 7.642 |
| Camarilla | 5.716 | 5.813 | 5.909 | 6.005 | 6.101 | 6.198 | 6.294 |
| Woodie | 4.430 | 5.048 | 5.480 | 6.098 | 6.530 | 7.148 | 7.580 |
| Fibonacci | 5.078 | 5.479 | 5.727 | 6.128 | 6.529 | 6.777 | 7.178 |
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): | 52.51 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 2.426 | |
| AROON (14): | 21.428 | |
| DEMA (21): | 6.388 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.254 | |
| Elder Ray (13): | 0.011 | |
| Super Trend (3,10): | 6.480 | |
| Zig ZAG (10): | 6.380 | |
| VORTEX (21): | 0.9110 | |
| Stochastique (14,3,5): | 67.39 | |
| TEMA (21): | 6.360 | |
| Williams %R (14): | -30.44 | |
| Chande Momentum Oscillator (20): | 0.115 | |
| Repulse (5,40,3): | -0.4340 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0250 | |
| Courbe Coppock: | 0.17 |
| MA7: | 6.295 | |
| MA20: | 6.117 | |
| MA50: | 6.030 | |
| MA100: | 7.066 | |
| MAexp7: | 6.374 | |
| MAexp20: | 6.370 | |
| MAexp50: | 6.308 | |
| MAexp100: | 6.223 | |
| Price / MA7: | +1.59% | |
| Price / MA20: | +4.54% | |
| Price / MA50: | +6.05% | |
| Price / MA100: | -9.50% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +1.38% | |
| Price / MAexp100: | +2.76% |
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.
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