ENAGAS

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ENG
ISIN:	ES0130960018

ENAGAS - Daily - Technical analysis published on 01/17/2025 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 12.36 EUR

My targets

11.65 EUR (-3.00%)

11.21 EUR (-6.66%)

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 12.36 EUR remains possible. It is advisable to trade ENAGAS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 12.36 EUR. The next bearish objective for sellers is set at 11.65 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.21 EUR. In case of crossing, the next objective would be the support located at 8.95 EUR. PS: if there is a bullish break in the resistance located at 12.36 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 in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

1.1

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.

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Additional analysis

Quotes

ENAGAS rating 12.01 EUR. The price registered an increase of +1.52% on the session and was between 11.87 EUR and 12.03 EUR. This implies that the price is at +1.18% from its lowest and at -0.17% from its highest.

11.87

12.03

12.01

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ENAGAS chart shows a bearish trend. 75.00% 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 Moving Average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.95	11.21	11.65	12.01	12.36	12.89	13.28
Change (%)	-25.48%	-6.66%	-3.00%	-	+2.91%	+7.33%	+10.57%
Change	-3.06	-0.80	-0.36	-	+0.35	+0.88	+1.27
Level	Minor	Intermediate	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	11.60	11.64	11.74	11.78	11.88	11.92	12.02
Camarilla	11.79	11.80	11.82	11.83	11.84	11.86	11.87
Woodie	11.62	11.66	11.76	11.80	11.90	11.94	12.04
Fibonacci	11.64	11.70	11.73	11.78	11.84	11.87	11.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.07	11.35	11.50	11.78	11.93	12.21	12.36
Camarilla	11.53	11.57	11.61	11.65	11.69	11.73	11.77
Woodie	11.01	11.32	11.44	11.75	11.87	12.18	12.30
Fibonacci	11.35	11.51	11.62	11.78	11.94	12.05	12.21

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.17	10.87	11.33	12.03	12.49	13.19	13.65
Camarilla	11.46	11.57	11.67	11.78	11.89	11.99	12.10
Woodie	10.04	10.81	11.20	11.97	12.36	13.13	13.52
Fibonacci	10.87	11.32	11.59	12.03	12.48	12.75	13.19

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	49.96
MACD (12,26,9):	-0.1200
Directional Movement:	-5.35
AROON (14):	50.00
DEMA (21):	11.75
Parabolic SAR (0,02-0,02-0,2):	11.99
Elder Ray (13):	0.07
Super Trend (3,10):	12.32
Zig ZAG (10):	11.99
VORTEX (21):	0.9400
Stochastique (14,3,5):	55.56
TEMA (21):	11.77
Williams %R (14):	-17.78
Chande Momentum Oscillator (20):	0.20
Repulse (5,40,3):	1.7300
ROCnROLL:	-1
TRIX (15,9):	-0.1800
Courbe Coppock:	0.75

MA7:	11.81
MA20:	11.85
MA50:	12.17
MA100:	12.70
MAexp7:	11.85
MAexp20:	11.92
MAexp50:	12.18
MAexp100:	12.46
Price / MA7:	+1.69%
Price / MA20:	+1.35%
Price / MA50:	-1.31%
Price / MA100:	-5.43%
Price / MAexp7:	+1.35%
Price / MAexp20:	+0.76%
Price / MAexp50:	-1.40%
Price / MAexp100:	-3.61%

Quotes : - 15 min delayed data - Spain Stocks

News

The latest news and videos published on ENAGAS 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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Londinia AI

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