GALP ENERGIA-NOM

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	GALP
ISIN:	PTGAL0AM0009

GALP ENERGIA-NOM - Daily - Technical analysis published on 07/11/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 10.287 EUR

My targets

9.908 EUR (-2.77%)

8.990 EUR (-11.78%)

My analysis

GALP ENERGIA-NOM is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 10.287 EUR. The next support located at 9.908 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 8.990 EUR. Below this support, sellers could then target 8.558 EUR.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

4.8

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 GALP ENERGIA-NOM price is 10.190 EUR. On the day, this instrument lost -0.54% with the lowest point at 10.005 EUR and the highest point at 10.225 EUR. The deviation from the price is +1.85% for the low point and -0.34% for the high point.

10.005

10.225

10.190

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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 Daily of this GALP ENERGIA-NOM chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.558	8.990	9.908	10.190	11.258	11.791	12.719
Change (%)	-16.02%	-11.78%	-2.77%	-	+10.48%	+15.71%	+24.82%
Change	-1.632	-1.200	-0.282	-	+1.068	+1.601	+2.529
Level	Minor	Intermediate	Major	-	Major	Major	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	9.662	9.838	10.042	10.218	10.422	10.598	10.802
Camarilla	10.141	10.175	10.210	10.245	10.280	10.315	10.350
Woodie	9.675	9.845	10.055	10.225	10.435	10.605	10.815
Fibonacci	9.838	9.984	10.073	10.218	10.364	10.453	10.598

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.237	8.960	9.603	10.326	10.969	11.692	12.335
Camarilla	9.869	9.995	10.120	10.245	10.370	10.495	10.621
Woodie	8.196	8.940	9.562	10.306	10.928	11.672	12.294
Fibonacci	8.960	9.482	9.805	10.326	10.848	11.171	11.692

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.002	9.388	10.287	11.673	12.572	13.958	14.857
Camarilla	10.557	10.766	10.976	11.185	11.395	11.604	11.813
Woodie	7.758	9.266	10.043	11.551	12.328	13.836	14.613
Fibonacci	9.388	10.261	10.801	11.673	12.546	13.086	13.958

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):	37.98
MACD (12,26,9):	-0.4070
Directional Movement:	-22.500
AROON (14):	-42.857
DEMA (21):	10.490
Parabolic SAR (0,02-0,02-0,2):	11.436
Elder Ray (13):	-0.584
Super Trend (3,10):	11.475
Zig ZAG (10):	10.190
VORTEX (21):	0.7290
Stochastique (14,3,5):	23.18
TEMA (21):	10.090
Williams %R (14):	-77.27
Chande Momentum Oscillator (20):	-0.685
Repulse (5,40,3):	-0.9300
ROCnROLL:	2
TRIX (15,9):	-0.3240
Courbe Coppock:	20.73

MA7:	10.320
MA20:	11.114
MA50:	11.320
MA100:	11.073
MAexp7:	10.393
MAexp20:	10.940
MAexp50:	11.181
MAexp100:	10.907
Price / MA7:	-1.26%
Price / MA20:	-8.31%
Price / MA50:	-9.98%
Price / MA100:	-7.97%
Price / MAexp7:	-1.95%
Price / MAexp20:	-6.86%
Price / MAexp50:	-8.86%
Price / MAexp100:	-6.57%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

Don't forget to follow the news on GALP ENERGIA-NOM. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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