E.ON SE NA O.N. - Daily - Technical analysis published on 09/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Bullish above 8.738 EUR
My targets
9.080 EUR (+2.06%)
9.537 EUR (+7.19%)
My analysis
The strong short-term increase in E.ON SE NA O.N. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 8.738 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 9.080 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.537 EUR as an objective. Crossing it would then enable buyers to target 9.844 EUR. Caution, a return under 8.738 EUR could jeopardize the reversal.
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
2.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
E.ON SE NA O.N. rating 8.897 EUR. On the day, this instrument lost -1.34% and was traded between 8.861 EUR and 9.045 EUR over the period. The price is currently at +0.41% from its lowest and -1.64% from its highest.8.861
9.045
8.897
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 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this E.ON SE NA O.N. chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.100 | 8.524 | 8.738 | 8.897 | 9.080 | 9.537 | 9.844 |
| Change (%) | -8.96% | -4.19% | -1.79% | - | +2.06% | +7.19% | +10.64% |
| Change | -0.797 | -0.373 | -0.159 | - | +0.183 | +0.640 | +0.947 |
| Level | Major | Minor | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.797 | 8.892 | 8.955 | 9.050 | 9.113 | 9.208 | 9.271 |
| Camarilla | 8.975 | 8.989 | 9.004 | 9.018 | 9.033 | 9.047 | 9.062 |
| Woodie | 8.781 | 8.884 | 8.939 | 9.042 | 9.097 | 9.200 | 9.255 |
| Fibonacci | 8.892 | 8.952 | 8.990 | 9.050 | 9.110 | 9.148 | 9.208 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.480 | 8.639 | 8.828 | 8.987 | 9.176 | 9.335 | 9.524 |
| Camarilla | 8.922 | 8.954 | 8.986 | 9.018 | 9.050 | 9.082 | 9.114 |
| Woodie | 8.496 | 8.647 | 8.844 | 8.995 | 9.192 | 9.343 | 9.540 |
| Fibonacci | 8.639 | 8.772 | 8.854 | 8.987 | 9.120 | 9.202 | 9.335 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.736 | 7.406 | 7.931 | 8.601 | 9.126 | 9.796 | 10.321 |
| Camarilla | 8.126 | 8.236 | 8.346 | 8.455 | 8.565 | 8.674 | 8.784 |
| Woodie | 6.663 | 7.370 | 7.858 | 8.565 | 9.053 | 9.760 | 10.248 |
| Fibonacci | 7.406 | 7.863 | 8.145 | 8.601 | 9.058 | 9.340 | 9.796 |
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): | 59.11 | |
| MACD (12,26,9): | 0.0940 | |
| Directional Movement: | 12.454 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 8.829 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.145 | |
| Elder Ray (13): | 0.138 | |
| Super Trend (3,10): | 8.613 | |
| Zig ZAG (10): | 8.893 | |
| VORTEX (21): | 1.2070 | |
| Stochastique (14,3,5): | 81.95 | |
| TEMA (21): | 9.026 | |
| Williams %R (14): | -32.62 | |
| Chande Momentum Oscillator (20): | 0.378 | |
| Repulse (5,40,3): | -1.7120 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0480 | |
| Courbe Coppock: | 12.16 |
| MA7: | 8.944 | |
| MA20: | 8.660 | |
| MA50: | 8.782 | |
| MA100: | 9.186 | |
| MAexp7: | 8.911 | |
| MAexp20: | 8.750 | |
| MAexp50: | 8.831 | |
| MAexp100: | 9.045 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | +2.74% | |
| Price / MA50: | +1.31% | |
| Price / MA100: | -3.15% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | +1.68% | |
| Price / MAexp50: | +0.75% | |
| Price / MAexp100: | -1.64% |
News
The latest news and videos published on E.ON SE NA O.N. at the time of the analysis were as follows:
- DGAP-News: E.ON SE: E.ON closes purchase of innogy shares from RWE
- DGAP-News: E.ON SE: Planned takeover of innogy: E.ON wants to swiftly integrate innogy and announces exclusion of the remaining minority shareholders of innogy SE
- E.ON SE: 'Cat Mansion' - E.ON presents feline Smart Home Solutions
- DGAP-News: First-half results in line with expectations - E.ON again reaffirms 2019 forecastE.ON SE:
- Landis+Gyr secures major contract with E.ON in Sweden
This member declared not having a position on this financial instrument or a related financial instrument.
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