GRENERGY - 1H - Technical analysis published on 06/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 32.95 EUR
My targets
36.72 EUR (+7.36%)
39.22 EUR (+14.68%)
My analysis
GRENERGY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 32.95 EUR. The next resistance located at 36.72 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 39.22 EUR. After this resistance, buyers could then target 42.18 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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
The GRENERGY rating is 34.20 EUR. The price registered an increase of +3.48% on the session with the lowest point at 33.10 EUR and the highest point at 34.20 EUR. The deviation from the price is +3.32% for the low point and 0% for the high point.33.10
34.20
34.20
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GRENERGY chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.20 | 31.15 | 32.37 | 34.20 | 34.30 | 39.22 | 42.18 |
| Change (%) | -14.62% | -8.92% | -5.35% | - | +0.29% | +14.68% | +23.33% |
| Change | -5.00 | -3.05 | -1.83 | - | +0.10 | +5.02 | +7.98 |
| Level | Major | Minor | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.02 | 31.68 | 32.37 | 33.03 | 33.72 | 34.38 | 35.07 |
| Camarilla | 32.68 | 32.80 | 32.93 | 33.05 | 33.17 | 33.30 | 33.42 |
| Woodie | 31.03 | 31.69 | 32.38 | 33.04 | 33.73 | 34.39 | 35.08 |
| Fibonacci | 31.68 | 32.20 | 32.52 | 33.03 | 33.55 | 33.87 | 34.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.70 | 27.95 | 29.20 | 30.45 | 31.70 | 32.95 | 34.20 |
| Camarilla | 29.76 | 29.99 | 30.22 | 30.45 | 30.68 | 30.91 | 31.14 |
| Woodie | 26.70 | 27.95 | 29.20 | 30.45 | 31.70 | 32.95 | 34.20 |
| Fibonacci | 27.95 | 28.91 | 29.50 | 30.45 | 31.41 | 32.00 | 32.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.52 | 25.03 | 27.92 | 29.43 | 32.32 | 33.83 | 36.72 |
| Camarilla | 29.59 | 29.99 | 30.40 | 30.80 | 31.20 | 31.61 | 32.01 |
| Woodie | 24.20 | 25.38 | 28.60 | 29.78 | 33.00 | 34.18 | 37.40 |
| Fibonacci | 25.03 | 26.71 | 27.75 | 29.43 | 31.11 | 32.15 | 33.83 |
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): | 65.18 | |
| MACD (12,26,9): | 0.5600 | |
| Directional Movement: | 29.30 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 33.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.64 | |
| Elder Ray (13): | 0.59 | |
| Super Trend (3,10): | 32.24 | |
| Zig ZAG (10): | 33.55 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 72.48 | |
| TEMA (21): | 33.59 | |
| Williams %R (14): | -22.58 | |
| Chande Momentum Oscillator (20): | 0.55 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 3.99 |
| MA7: | 31.52 | |
| MA20: | 30.50 | |
| MA50: | 28.75 | |
| MA100: | 27.74 | |
| MAexp7: | 33.18 | |
| MAexp20: | 32.66 | |
| MAexp50: | 31.87 | |
| MAexp100: | 31.26 | |
| Price / MA7: | +8.50% | |
| Price / MA20: | +12.13% | |
| Price / MA50: | +18.96% | |
| Price / MA100: | +23.29% | |
| Price / MAexp7: | +3.07% | |
| Price / MAexp20: | +4.72% | |
| Price / MAexp50: | +7.31% | |
| Price / MAexp100: | +9.40% |
Quotes :
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15 min delayed data
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Spain Stocks
News
Don't forget to follow the news on GRENERGY. At the time of publication of this analysis, the latest news was as follows:
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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