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ELECNOR [CBOE] - 1H - Technical analysis published on 11/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under
My targets
()
()
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ELECNOR [CBOE]. As long as you are under the resistance located at , traders with an aggressive trading strategy could consider a sale. A cross of the support located at would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . If the resistance were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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 gsanzmagallon. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ELECNOR [CBOE] rating is 19.70 EUR. The price has increased by +0.92% since the last closing and was between 19.58 EUR and 19.70 EUR. This implies that the price is at +0.61% from its lowest and at 0% from its highest.19.58
19.70
19.70
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ELECNOR [CBOE] indicates that the overall trend is bearish. 67.86% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.50 | 19.13 | 19.46 | 19.70 | 19.80 | 20.10 | 20.40 |
| Change (%) | -6.09% | -2.89% | -1.22% | - | +0.51% | +2.03% | +3.55% |
| Change | -1.20 | -0.57 | -0.24 | - | +0.10 | +0.40 | +0.70 |
| Level | Major | Major | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.99 | 19.19 | 19.35 | 19.55 | 19.71 | 19.91 | 20.07 |
| Camarilla | 19.42 | 19.45 | 19.49 | 19.52 | 19.55 | 19.59 | 19.62 |
| Woodie | 18.98 | 19.18 | 19.34 | 19.54 | 19.70 | 19.90 | 20.06 |
| Fibonacci | 19.19 | 19.32 | 19.41 | 19.55 | 19.68 | 19.77 | 19.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.30 | 18.83 | 19.35 | 19.88 | 20.40 | 20.93 | 21.45 |
| Camarilla | 19.59 | 19.69 | 19.78 | 19.88 | 19.98 | 20.07 | 20.17 |
| Woodie | 18.31 | 18.83 | 19.36 | 19.88 | 20.41 | 20.93 | 21.46 |
| Fibonacci | 18.83 | 19.23 | 19.48 | 19.88 | 20.28 | 20.53 | 20.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.66 | 17.52 | 19.01 | 19.87 | 21.36 | 22.22 | 23.71 |
| Camarilla | 19.85 | 20.07 | 20.29 | 20.50 | 20.72 | 20.93 | 21.15 |
| Woodie | 16.98 | 17.68 | 19.33 | 20.03 | 21.68 | 22.38 | 24.03 |
| Fibonacci | 17.52 | 18.42 | 18.97 | 19.87 | 20.77 | 21.32 | 22.22 |
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): | 49.20 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -12.28 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 19.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.38 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 19.73 | |
| Zig ZAG (10): | 19.69 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 42.75 | |
| TEMA (21): | 19.56 | |
| Williams %R (14): | -32.61 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | 0.9200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.59 |
| MA7: | 19.68 | |
| MA20: | 19.86 | |
| MA50: | 19.23 | |
| MA100: | 19.30 | |
| MAexp7: | 19.59 | |
| MAexp20: | 19.65 | |
| MAexp50: | 19.74 | |
| MAexp100: | 19.79 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | +2.44% | |
| Price / MA100: | +2.07% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.45% |
Quotes :
-
Real time data
-
Cboe
This member declared not having a position on this financial instrument or a related financial instrument.
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