ENAGAS - 1H - Technical analysis published on 08/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 13.60 EUR
My targets
13.78 EUR (+0.58%)
13.92 EUR (+1.61%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ENAGAS as long as the price remains well above 13.60 EUR. The buyers' bullish objective is set at 13.78 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.92 EUR. If there is any crossing, the next objective would be the resistance located at 14.03 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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Additional analysis
Quotes
The ENAGAS price is 13.70 EUR. The price registered a decrease of -0.15% on the session and was between 13.69 EUR and 13.77 EUR. This implies that the price is at +0.07% from its lowest and at -0.51% from its highest.13.69
13.77
13.70
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ENAGAS:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ENAGAS chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 13.51 | 13.60 | 13.69 | 13.70 | 13.78 | 13.92 | 14.03 |
Change (%) | -1.39% | -0.73% | -0.07% | - | +0.58% | +1.61% | +2.41% |
Change | -0.19 | -0.10 | -0.01 | - | +0.08 | +0.22 | +0.33 |
Level | Intermediate | Major | Minor | - | Major | Minor | Major |
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 | 13.56 | 13.60 | 13.66 | 13.70 | 13.76 | 13.80 | 13.86 |
Camarilla | 13.69 | 13.70 | 13.71 | 13.72 | 13.73 | 13.74 | 13.75 |
Woodie | 13.57 | 13.61 | 13.67 | 13.71 | 13.77 | 13.81 | 13.87 |
Fibonacci | 13.60 | 13.64 | 13.66 | 13.70 | 13.74 | 13.76 | 13.80 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13.25 | 13.36 | 13.51 | 13.62 | 13.77 | 13.88 | 14.03 |
Camarilla | 13.60 | 13.62 | 13.65 | 13.67 | 13.69 | 13.72 | 13.74 |
Woodie | 13.28 | 13.37 | 13.54 | 13.63 | 13.80 | 13.89 | 14.06 |
Fibonacci | 13.36 | 13.46 | 13.52 | 13.62 | 13.72 | 13.78 | 13.88 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11.87 | 12.29 | 13.07 | 13.49 | 14.27 | 14.69 | 15.47 |
Camarilla | 13.51 | 13.62 | 13.73 | 13.84 | 13.95 | 14.06 | 14.17 |
Woodie | 12.04 | 12.38 | 13.24 | 13.58 | 14.44 | 14.78 | 15.64 |
Fibonacci | 12.29 | 12.75 | 13.04 | 13.49 | 13.95 | 14.24 | 14.69 |
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): | 60.07 | |
MACD (12,26,9): | 0.0400 | |
Directional Movement: | 11.86 | |
AROON (14): | 92.86 | |
DEMA (21): | 13.72 | |
Parabolic SAR (0,02-0,02-0,2): | 13.69 | |
Elder Ray (13): | 0.04 | |
Super Trend (3,10): | 13.60 | |
Zig ZAG (10): | 13.73 | |
VORTEX (21): | 1.1600 | |
Stochastique (14,3,5): | 79.75 | |
TEMA (21): | 13.75 | |
Williams %R (14): | -23.53 | |
Chande Momentum Oscillator (20): | 0.06 | |
Repulse (5,40,3): | 0.0700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0400 | |
Courbe Coppock: | 1.56 |
MA7: | 13.62 | |
MA20: | 13.63 | |
MA50: | 13.46 | |
MA100: | 13.23 | |
MAexp7: | 13.71 | |
MAexp20: | 13.67 | |
MAexp50: | 13.63 | |
MAexp100: | 13.62 | |
Price / MA7: | +0.59% | |
Price / MA20: | +0.51% | |
Price / MA50: | +1.78% | |
Price / MA100: | +3.55% | |
Price / MAexp7: | -0.07% | |
Price / MAexp20: | +0.22% | |
Price / MAexp50: | +0.51% | |
Price / MAexp100: | +0.59% |
Quotes :
-
15 min delayed data
-
Spain Stocks
News
The last news published on ENAGAS at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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