GRENERGY

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	GRE
ISIN:	ES0105079000

GRENERGY - Daily - Technical analysis published on 09/29/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 33.00 EUR

My targets

28.68 EUR (-5.91%)

27.35 EUR (-10.27%)

My analysis

GRENERGY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 33.00 EUR. The next support located at 28.68 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 27.35 EUR. Below this support, sellers could then target 25.15 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.7

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GRENERGY rating 30.48 EUR. The price has increased by +5.32% since the last closing and was between 28.80 EUR and 30.84 EUR. This implies that the price is at +5.83% from its lowest and at -1.17% from its highest.

28.80

30.84

30.48

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:

The Central Records scanner for higher/lower results shows an item:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GRENERGY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.33	25.15	27.35	30.48	33.00	36.08	39.22
Change (%)	-26.74%	-17.49%	-10.27%	-	+8.27%	+18.37%	+28.67%
Change	-8.15	-5.33	-3.13	-	+2.52	+5.60	+8.74
Level	Major	Minor	Intermediate	-	Major	Major	Intermediate

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	26.51	27.67	28.31	29.47	30.11	31.27	31.91
Camarilla	28.45	28.61	28.78	28.94	29.11	29.27	29.44
Woodie	26.24	27.54	28.04	29.34	29.84	31.14	31.64
Fibonacci	27.67	28.36	28.79	29.47	30.16	30.59	31.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.97	25.75	28.93	33.71	36.89	41.67	44.85
Camarilla	29.93	30.66	31.39	32.12	32.85	33.58	34.31
Woodie	20.18	25.35	28.14	33.31	36.10	41.27	44.06
Fibonacci	25.75	28.79	30.67	33.71	36.75	38.63	41.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.68	31.64	33.82	36.78	38.96	41.92	44.10
Camarilla	34.59	35.06	35.53	36.00	36.47	36.94	37.41
Woodie	28.29	31.45	33.43	36.59	38.57	41.73	43.71
Fibonacci	31.64	33.60	34.82	36.78	38.74	39.96	41.92

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):	33.00
MACD (12,26,9):	-1.6800
Directional Movement:	-22.20
AROON (14):	-64.29
DEMA (21):	32.09
Parabolic SAR (0,02-0,02-0,2):	35.69
Elder Ray (13):	-3.19
Super Trend (3,10):	35.18
Zig ZAG (10):	30.48
VORTEX (21):	0.8000
Stochastique (14,3,5):	8.97
TEMA (21):	30.78
Williams %R (14):	-83.37
Chande Momentum Oscillator (20):	-5.70
Repulse (5,40,3):	-2.1600
ROCnROLL:	2
TRIX (15,9):	-0.3800
Courbe Coppock:	22.63

MA7:	31.69
MA20:	34.56
MA50:	36.40
MA100:	36.70
MAexp7:	31.60
MAexp20:	33.98
MAexp50:	35.45
MAexp100:	35.49
Price / MA7:	-3.82%
Price / MA20:	-11.81%
Price / MA50:	-16.26%
Price / MA100:	-16.95%
Price / MAexp7:	-3.54%
Price / MAexp20:	-10.30%
Price / MAexp50:	-14.02%
Price / MAexp100:	-14.12%

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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Londinia AI

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