E.ON SE NA O.N. - Daily - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 9.077 EUR
My targets
9.384 EUR (+1.83%)
9.537 EUR (+3.49%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on E.ON SE NA O.N.. This is a positive signal for buyers. As long as the price remains above 9.077 EUR, a purchase could be considered. The first bullish objective is located at 9.384 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. In the event of a return below 9.077 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
7.1
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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
The E.ON SE NA O.N. price is 9.215 EUR. On the day, this instrument gained +0.52% with the lowest point at 9.154 EUR and the highest point at 9.228 EUR. The deviation from the price is +0.67% for the low point and -0.14% for the high point.9.154
9.228
9.215
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 E.ON SE NA O.N. in Daily shows an overall bullish trend. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
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 horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.480 | 8.716 | 9.077 | 9.215 | 9.384 | 9.537 | 9.844 |
| Change (%) | -7.98% | -5.42% | -1.50% | - | +1.83% | +3.49% | +6.83% |
| Change | -0.735 | -0.499 | -0.138 | - | +0.169 | +0.322 | +0.629 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.041 | 9.081 | 9.124 | 9.164 | 9.207 | 9.247 | 9.290 |
| Camarilla | 9.144 | 9.152 | 9.159 | 9.167 | 9.175 | 9.182 | 9.190 |
| Woodie | 9.043 | 9.082 | 9.126 | 9.165 | 9.209 | 9.248 | 9.292 |
| Fibonacci | 9.081 | 9.113 | 9.132 | 9.164 | 9.196 | 9.215 | 9.247 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.429 | 8.610 | 8.885 | 9.066 | 9.341 | 9.522 | 9.797 |
| Camarilla | 9.035 | 9.076 | 9.118 | 9.160 | 9.202 | 9.244 | 9.285 |
| Woodie | 8.476 | 8.634 | 8.932 | 9.090 | 9.388 | 9.546 | 9.844 |
| Fibonacci | 8.610 | 8.784 | 8.892 | 9.066 | 9.240 | 9.348 | 9.522 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.195 | 8.404 | 8.721 | 8.930 | 9.247 | 9.456 | 9.773 |
| Camarilla | 8.892 | 8.941 | 8.989 | 9.037 | 9.085 | 9.133 | 9.182 |
| Woodie | 8.248 | 8.431 | 8.774 | 8.957 | 9.300 | 9.483 | 9.826 |
| Fibonacci | 8.404 | 8.605 | 8.729 | 8.930 | 9.131 | 9.255 | 9.456 |
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): | 66.44 | |
| MACD (12,26,9): | 0.0760 | |
| Directional Movement: | 12.922 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 9.095 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.834 | |
| Elder Ray (13): | 0.142 | |
| Super Trend (3,10): | 8.798 | |
| Zig ZAG (10): | 9.221 | |
| VORTEX (21): | 1.1080 | |
| Stochastique (14,3,5): | 86.34 | |
| TEMA (21): | 9.138 | |
| Williams %R (14): | -5.70 | |
| Chande Momentum Oscillator (20): | 0.221 | |
| Repulse (5,40,3): | 1.3070 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0750 | |
| Courbe Coppock: | 3.95 |
| MA7: | 9.082 | |
| MA20: | 8.982 | |
| MA50: | 8.920 | |
| MA100: | 8.926 | |
| MAexp7: | 9.109 | |
| MAexp20: | 9.006 | |
| MAexp50: | 8.935 | |
| MAexp100: | 8.991 | |
| Price / MA7: | +1.46% | |
| Price / MA20: | +2.59% | |
| Price / MA50: | +3.31% | |
| Price / MA100: | +3.24% | |
| Price / MAexp7: | +1.16% | |
| Price / MAexp20: | +2.32% | |
| Price / MAexp50: | +3.13% | |
| Price / MAexp100: | +2.49% |
News
Don"t forget to follow the news on E.ON SE NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- COMMERZBANK AG (London Branch) - Post Stabilisation - E.ON SE EUR500mil 12yr
- COMMERZBANK AG - Pre-stab E.ON € 500mn senior Notes due 2031
- DGAP-News: E.ON SE: E.ON signs framework agreement with MVM Magyar Villamos Művek Zrt. and Opus Global Nyrt
- E.ON Secures Tax Equity Financing from GE Energy Financial Services for Panther Creek I & II Wind Repowering Project in Texas
- DGAP-News: E.ON SE: E.ON closes purchase of innogy shares from RWE
This member declared not having a position on this financial instrument or a related financial instrument.
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