EBRO FOODS

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	EBRO
ISIN:	ES0112501012

EBRO FOODS - 1H - Technical analysis published on 12/23/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 15.94 EUR

My targets

15.76 EUR (-0.63%)

15.35 EUR (-3.22%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 15.94 EUR remains possible. It is advisable to trade EBRO FOODS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 15.94 EUR. The next bearish objective for sellers is set at 15.76 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.35 EUR. In case of crossing, the next objective would be the support located at 14.94 EUR. PS: if there is a bullish break in the resistance located at 15.94 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

2.1

Comment on the analysis

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 EBRO FOODS price is 15.86 EUR. The price registered a decrease of -0.13% on the session with the lowest point at 15.60 EUR and the highest point at 15.96 EUR. The deviation from the price is +1.67% for the low point and -0.63% for the high point.

15.60

15.96

15.86

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of EBRO FOODS in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	15.69	15.76	15.82	15.86	15.86	15.94	15.98
Change (%)	-1.07%	-0.63%	-0.25%	0%	-	+0.50%	+0.76%
Change	-0.17	-0.10	-0.04	0	-	+0.08	+0.12
Level	Major	Minor	Major	Minor	-	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	15.57	15.67	15.77	15.87	15.97	16.07	16.17
Camarilla	15.83	15.84	15.86	15.88	15.90	15.92	15.94
Woodie	15.58	15.67	15.78	15.87	15.98	16.07	16.18
Fibonacci	15.67	15.74	15.79	15.87	15.94	15.99	16.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.39	15.57	15.73	15.91	16.07	16.25	16.41
Camarilla	15.79	15.82	15.85	15.88	15.91	15.94	15.97
Woodie	15.37	15.57	15.71	15.91	16.05	16.25	16.39
Fibonacci	15.57	15.70	15.78	15.91	16.04	16.12	16.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.75	15.19	15.59	16.03	16.43	16.87	17.27
Camarilla	15.77	15.85	15.92	16.00	16.08	16.15	16.23
Woodie	14.74	15.18	15.58	16.02	16.42	16.86	17.26
Fibonacci	15.19	15.51	15.71	16.03	16.35	16.55	16.87

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):	50.18
MACD (12,26,9):	-0.0100
Directional Movement:	-19.22
AROON (14):	-85.72
DEMA (21):	15.83
Parabolic SAR (0,02-0,02-0,2):	15.95
Elder Ray (13):	-0.01
Super Trend (3,10):	15.99
Zig ZAG (10):	15.86
VORTEX (21):	0.9200
Stochastique (14,3,5):	61.11
TEMA (21):	15.83
Williams %R (14):	-27.78
Chande Momentum Oscillator (20):	0.06
Repulse (5,40,3):	0.4900
ROCnROLL:	-1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.11

MA7:	15.92
MA20:	15.92
MA50:	16.02
MA100:	15.87
MAexp7:	15.84
MAexp20:	15.85
MAexp50:	15.88
MAexp100:	15.89
Price / MA7:	-0.38%
Price / MA20:	-0.38%
Price / MA50:	-1.00%
Price / MA100:	-0.06%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.06%
Price / MAexp50:	-0.13%
Price / MAexp100:	-0.19%

Quotes : - 15 min delayed data - Spain Stocks

News

The latest news and videos published on EBRO FOODS at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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