ENAGAS

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ENG
ISIN:	ES0130960018

ENAGAS - 1H - Technical analysis published on 08/27/2024 (GMT)

Londinia

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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%

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

7.3

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.

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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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

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

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

Londinia AI

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