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 - Daily - Technical analysis published on 09/30/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 18.40 EUR

My targets

18.06 EUR (-0.82%)

17.73 EUR (-2.64%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EBRO FOODS as long as the price remains well below 18.40 EUR. The sellers” bearish objective is set at 18.06 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 17.73 EUR. In case of crossing, the next objective would be the support located at 17.46 EUR.

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

FORCE

5.2

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EBRO FOODS rating 18.21 EUR. The price registered an increase of +0.06% on the session and was between 18.12 EUR and 18.24 EUR. This implies that the price is at +0.50% from its lowest and at -0.16% from its highest.

18.12

18.24

18.21

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Abnormal volumes on EBRO FOODS were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

A technical analysis in Daily of this EBRO FOODS chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.46	17.73	18.06	18.21	18.40	18.68	19.10
Change (%)	-4.12%	-2.64%	-0.82%	-	+1.04%	+2.58%	+4.89%
Change	-0.75	-0.48	-0.15	-	+0.19	+0.47	+0.89
Level	Minor	Minor	Major	-	Major	Major	Intermediate

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	17.60	17.85	18.03	18.28	18.46	18.71	18.89
Camarilla	18.08	18.12	18.16	18.20	18.24	18.28	18.32
Woodie	17.56	17.83	17.99	18.26	18.42	18.69	18.85
Fibonacci	17.85	18.02	18.12	18.28	18.45	18.55	18.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.97	17.44	17.72	18.20	18.48	18.95	19.23
Camarilla	17.80	17.87	17.94	18.01	18.07	18.14	18.21
Woodie	16.88	17.40	17.63	18.15	18.38	18.90	19.13
Fibonacci	17.44	17.73	17.91	18.20	18.48	18.66	18.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.03	17.40	18.07	18.45	19.12	19.50	20.17
Camarilla	18.46	18.55	18.65	18.75	18.84	18.94	19.04
Woodie	17.17	17.48	18.22	18.52	19.27	19.57	20.32
Fibonacci	17.40	17.80	18.05	18.45	18.85	19.10	19.50

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):	42.31
MACD (12,26,9):	-0.0600
Directional Movement:	-6.16
AROON (14):	-92.86
DEMA (21):	18.44
Parabolic SAR (0,02-0,02-0,2):	18.94
Elder Ray (13):	-0.26
Super Trend (3,10):	18.97
Zig ZAG (10):	18.21
VORTEX (21):	0.9000
Stochastique (14,3,5):	14.54
TEMA (21):	18.33
Williams %R (14):	-88.43
Chande Momentum Oscillator (20):	0.01
Repulse (5,40,3):	-1.5200
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	6.13

MA7:	18.38
MA20:	18.66
MA50:	18.40
MA100:	18.50
MAexp7:	18.36
MAexp20:	18.48
MAexp50:	18.49
MAexp100:	18.43
Price / MA7:	-0.92%
Price / MA20:	-2.41%
Price / MA50:	-1.03%
Price / MA100:	-1.57%
Price / MAexp7:	-0.82%
Price / MAexp20:	-1.46%
Price / MAexp50:	-1.51%
Price / MAexp100:	-1.19%

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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