EBRO FOODS - 1H - Technical analysis published on 11/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 16.30 EUR
My targets
15.94 EUR (-0.62%)
15.80 EUR (-1.50%)
My analysis
EBRO FOODS 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 16.30 EUR. The next support located at 15.94 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 15.80 EUR. Below this support, sellers could then target 15.69 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.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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This analysis was given by gsanzmagallon. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EBRO FOODS rating 16.04 EUR. The price is lower by -1.72% since the last closing with the lowest point at 16.04 EUR and the highest point at 16.30 EUR. The deviation from the price is 0% for the low point and -1.60% for the high point.16.04
16.30
16.04
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EBRO FOODS indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high 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 : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.69 | 15.80 | 15.94 | 16.04 | 16.12 | 16.30 | 16.40 |
| Change (%) | -2.18% | -1.50% | -0.62% | - | +0.50% | +1.62% | +2.24% |
| Change | -0.35 | -0.24 | -0.10 | - | +0.08 | +0.26 | +0.36 |
| Level | Major | Minor | Major | - | Major | Minor | Minor |
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 | 15.69 | 15.87 | 15.95 | 16.13 | 16.21 | 16.39 | 16.47 |
| Camarilla | 15.97 | 15.99 | 16.02 | 16.04 | 16.06 | 16.09 | 16.11 |
| Woodie | 15.65 | 15.85 | 15.91 | 16.11 | 16.17 | 16.37 | 16.43 |
| Fibonacci | 15.87 | 15.97 | 16.03 | 16.13 | 16.23 | 16.29 | 16.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.68 | 15.88 | 16.16 | 16.36 | 16.64 | 16.84 | 17.12 |
| Camarilla | 16.31 | 16.35 | 16.40 | 16.44 | 16.48 | 16.53 | 16.57 |
| Woodie | 15.72 | 15.90 | 16.20 | 16.38 | 16.68 | 16.86 | 17.16 |
| Fibonacci | 15.88 | 16.06 | 16.18 | 16.36 | 16.54 | 16.66 | 16.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.90 | 15.26 | 15.84 | 16.20 | 16.78 | 17.14 | 17.72 |
| Camarilla | 16.16 | 16.25 | 16.33 | 16.42 | 16.51 | 16.59 | 16.68 |
| Woodie | 15.01 | 15.32 | 15.95 | 16.26 | 16.89 | 17.20 | 17.83 |
| Fibonacci | 15.26 | 15.62 | 15.84 | 16.20 | 16.56 | 16.78 | 17.14 |
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): | 33.21 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -23.17 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 16.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.22 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 16.26 | |
| Zig ZAG (10): | 16.04 | |
| VORTEX (21): | 0.7000 | |
| Stochastique (14,3,5): | 8.89 | |
| TEMA (21): | 16.06 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.28 | |
| Repulse (5,40,3): | -0.6200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 2.22 |
| MA7: | 16.30 | |
| MA20: | 16.15 | |
| MA50: | 15.94 | |
| MA100: | 15.64 | |
| MAexp7: | 16.11 | |
| MAexp20: | 16.19 | |
| MAexp50: | 16.25 | |
| MAexp100: | 16.23 | |
| Price / MA7: | -1.60% | |
| Price / MA20: | -0.68% | |
| Price / MA50: | +0.63% | |
| Price / MA100: | +2.56% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -0.93% | |
| Price / MAexp50: | -1.29% | |
| Price / MAexp100: | -1.17% |
Quotes :
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15 min delayed data
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Spain Stocks
News
The last news published on EBRO FOODS at the time of the generation of this analysis was as follows:
Ebro FoodsThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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