GRIFOLS B - 1H - Technical analysis published on 07/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 7.176 EUR
My targets
7.626 EUR (+2.71%)
8.050 EUR (+8.42%)
My analysis
The current short-term bullish acceleration on GRIFOLS B should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 7.176 EUR. Short-term buyers will use the resistance located at 7.626 EUR as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 8.050 EUR. Crossing this resistance would then open the door for buyers to target 8.497 EUR. Caution, if there is a return to under 7.176 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GRIFOLS B rating 7.425 EUR. The price registered an increase of +2.48% on the session and was traded between 7.345 EUR and 7.485 EUR over the period. The price is currently at +1.09% from its lowest and -0.80% from its highest.7.345
7.485
7.425
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
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 this 1H chart of GRIFOLS B indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.050 | 6.500 | 7.176 | 7.425 | 7.626 | 8.050 | 8.497 |
| Change (%) | -18.52% | -12.46% | -3.35% | - | +2.71% | +8.42% | +14.44% |
| Change | -1.375 | -0.925 | -0.249 | - | +0.201 | +0.625 | +1.072 |
| Level | Major | Minor | Major | - | Intermediate | 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 | 6.707 | 6.928 | 7.087 | 7.308 | 7.467 | 7.688 | 7.847 |
| Camarilla | 7.141 | 7.175 | 7.210 | 7.245 | 7.280 | 7.315 | 7.350 |
| Woodie | 6.675 | 6.913 | 7.055 | 7.293 | 7.435 | 7.673 | 7.815 |
| Fibonacci | 6.928 | 7.074 | 7.163 | 7.308 | 7.454 | 7.543 | 7.688 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.443 | 6.762 | 7.003 | 7.322 | 7.563 | 7.882 | 8.123 |
| Camarilla | 7.091 | 7.142 | 7.194 | 7.245 | 7.296 | 7.348 | 7.399 |
| Woodie | 6.405 | 6.743 | 6.965 | 7.303 | 7.525 | 7.863 | 8.085 |
| Fibonacci | 6.762 | 6.976 | 7.108 | 7.322 | 7.536 | 7.668 | 7.882 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.657 | 4.533 | 5.122 | 5.998 | 6.587 | 7.463 | 8.052 |
| Camarilla | 5.307 | 5.441 | 5.576 | 5.710 | 5.844 | 5.979 | 6.113 |
| Woodie | 3.513 | 4.461 | 4.978 | 5.926 | 6.443 | 7.391 | 7.908 |
| Fibonacci | 4.533 | 5.093 | 5.439 | 5.998 | 6.558 | 6.904 | 7.463 |
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): | 60.17 | |
| MACD (12,26,9): | 0.0280 | |
| Directional Movement: | 17.004 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 7.350 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.214 | |
| Elder Ray (13): | 0.093 | |
| Super Trend (3,10): | 7.211 | |
| Zig ZAG (10): | 7.435 | |
| VORTEX (21): | 0.9970 | |
| Stochastique (14,3,5): | 76.37 | |
| TEMA (21): | 7.409 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.190 | |
| Repulse (5,40,3): | 0.1840 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 5.19 |
| MA7: | 7.327 | |
| MA20: | 7.290 | |
| MA50: | 6.817 | |
| MA100: | 6.464 | |
| MAexp7: | 7.380 | |
| MAexp20: | 7.307 | |
| MAexp50: | 7.328 | |
| MAexp100: | 7.345 | |
| Price / MA7: | +1.34% | |
| Price / MA20: | +1.85% | |
| Price / MA50: | +8.92% | |
| Price / MA100: | +14.87% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +1.61% | |
| Price / MAexp50: | +1.32% | |
| Price / MAexp100: | +1.09% |
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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