EBRO FOODS - Daily - Technical analysis published on 11/27/2024 (GMT)
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- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
33%
33%
33%
My opinion
Bearish under
My targets
()
()
My analysis
The strong short-term decline in EBRO FOODS calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at , one could consider taking advantage of the short-term movement. The first bearish objective is located at . The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . Be careful, a return to above could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.4
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Additional analysis
Quotes
The EBRO FOODS rating is 15.90 EUR. The price registered a decrease of -0.13% on the session and was between 15.80 EUR and 15.98 EUR. This implies that the price is at +0.63% from its lowest and at -0.50% from its highest.15.80
15.98
15.90
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
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EBRO FOODS chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 15.15 | 15.35 | 15.86 | 15.90 | 16.12 | 16.44 |
| Change (%) | -4.72% | -3.46% | -0.25% | - | +1.38% | +3.40% |
| Change | -0.75 | -0.55 | -0.04 | - | +0.22 | +0.54 |
| Level | Minor | Minor | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.59 | 15.71 | 15.81 | 15.93 | 16.03 | 16.15 | 16.25 |
| Camarilla | 15.86 | 15.88 | 15.90 | 15.92 | 15.94 | 15.96 | 15.98 |
| Woodie | 15.59 | 15.71 | 15.81 | 15.93 | 16.03 | 16.15 | 16.25 |
| Fibonacci | 15.71 | 15.79 | 15.84 | 15.93 | 16.01 | 16.06 | 16.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.35 | 15.49 | 15.75 | 15.89 | 16.15 | 16.29 | 16.55 |
| Camarilla | 15.91 | 15.95 | 15.98 | 16.02 | 16.06 | 16.09 | 16.13 |
| Woodie | 15.42 | 15.52 | 15.82 | 15.92 | 16.22 | 16.32 | 16.62 |
| Fibonacci | 15.49 | 15.64 | 15.73 | 15.89 | 16.04 | 16.13 | 16.29 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.00 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -3.03 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 15.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.67 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 16.36 | |
| Zig ZAG (10): | 15.90 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 40.17 | |
| TEMA (21): | 15.84 | |
| Williams %R (14): | -64.10 | |
| Chande Momentum Oscillator (20): | -0.32 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 4.51 |
| MA7: | 15.87 | |
| MA20: | 16.05 | |
| MA50: | 16.00 | |
| MA100: | 15.75 | |
| MAexp7: | 15.91 | |
| MAexp20: | 15.97 | |
| MAexp50: | 15.95 | |
| MAexp100: | 15.79 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | -0.63% | |
| Price / MA100: | +0.95% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | +0.70% |
Quotes :
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15 min delayed data
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Spain Stocks
News
Don't forget to follow the news on EBRO FOODS. At the time of publication of this analysis, the latest news was as follows:
Ebro FoodsThis member declared not having a position on this financial instrument or a related financial instrument.
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