GRENERGY - 1H - Technical analysis published on 12/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 28.70 EUR
My targets
30.00 EUR (+3.81%)
30.60 EUR (+5.88%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GRENERGY as long as the price remains well above 28.70 EUR. The buyers' bullish objective is set at 30.00 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 30.60 EUR. If there is any crossing, the next objective would be the resistance located at 32.49 EUR.
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
6.6
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 price is 28.90 EUR. The price registered an increase of +4.90% on the session and was traded between 27.10 EUR and 29.30 EUR over the period. The price is currently at +6.64% from its lowest and -1.37% from its highest.27.10
29.30
28.90
Here is a more detailed summary of the historical variations registered by GRENERGY:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GRENERGY chart shows a bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. 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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.37 | 27.90 | 28.70 | 28.90 | 30.00 | 30.60 | 32.49 |
| Change (%) | -5.29% | -3.46% | -0.69% | - | +3.81% | +5.88% | +12.42% |
| Change | -1.53 | -1.00 | -0.20 | - | +1.10 | +1.70 | +3.59 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | 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 | 25.90 | 26.45 | 27.00 | 27.55 | 28.10 | 28.65 | 29.20 |
| Camarilla | 27.25 | 27.35 | 27.45 | 27.55 | 27.65 | 27.75 | 27.85 |
| Woodie | 25.90 | 26.45 | 27.00 | 27.55 | 28.10 | 28.65 | 29.20 |
| Fibonacci | 26.45 | 26.87 | 27.13 | 27.55 | 27.97 | 28.23 | 28.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.00 | 25.00 | 26.00 | 28.00 | 29.00 | 31.00 | 32.00 |
| Camarilla | 26.18 | 26.45 | 26.73 | 27.00 | 27.28 | 27.55 | 27.83 |
| Woodie | 22.50 | 24.75 | 25.50 | 27.75 | 28.50 | 30.75 | 31.50 |
| Fibonacci | 25.00 | 26.15 | 26.85 | 28.00 | 29.15 | 29.85 | 31.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.32 | 23.33 | 26.07 | 30.08 | 32.82 | 36.83 | 39.57 |
| Camarilla | 26.94 | 27.56 | 28.18 | 28.80 | 29.42 | 30.04 | 30.66 |
| Woodie | 18.68 | 23.01 | 25.43 | 29.76 | 32.18 | 36.51 | 38.93 |
| Fibonacci | 23.33 | 25.91 | 27.51 | 30.08 | 32.66 | 34.26 | 36.83 |
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): | 68.62 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 21.34 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 28.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.17 | |
| Elder Ray (13): | 0.64 | |
| Super Trend (3,10): | 27.55 | |
| Zig ZAG (10): | 28.75 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 96.09 | |
| TEMA (21): | 28.50 | |
| Williams %R (14): | -2.50 | |
| Chande Momentum Oscillator (20): | 1.65 | |
| Repulse (5,40,3): | 5.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 5.84 |
| MA7: | 27.79 | |
| MA20: | 28.35 | |
| MA50: | 31.08 | |
| MA100: | 33.06 | |
| MAexp7: | 28.43 | |
| MAexp20: | 27.89 | |
| MAexp50: | 27.86 | |
| MAexp100: | 28.11 | |
| Price / MA7: | +3.99% | |
| Price / MA20: | +1.94% | |
| Price / MA50: | -7.01% | |
| Price / MA100: | -12.58% | |
| Price / MAexp7: | +1.65% | |
| Price / MAexp20: | +3.62% | |
| Price / MAexp50: | +3.73% | |
| Price / MAexp100: | +2.81% |
Quotes :
-
15 min delayed data
-
Spain Stocks
News
The last news published on GRENERGY at the time of the generation of this analysis 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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