GALP ENERGIA-NOM - 1H - Technical analysis published on 07/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 9.908 EUR
My targets
9.534 EUR (-1.12%)
8.990 EUR (-6.76%)
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 9.908 EUR. The next support located at 9.534 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. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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Additional analysis
Quotes
The GALP ENERGIA-NOM rating is 9.642 EUR. On the day, this instrument lost -0.41% and was traded between 9.614 EUR and 9.830 EUR over the period. The price is currently at +0.29% from its lowest and -1.91% from its highest.9.614
9.830
9.642
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 GALP ENERGIA-NOM indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 8.558 | 8.990 | 9.534 | 9.642 | 9.908 | 10.160 | 11.258 |
| Change (%) | -11.24% | -6.76% | -1.12% | - | +2.76% | +5.37% | +16.76% |
| Change | -1.084 | -0.652 | -0.108 | - | +0.266 | +0.518 | +1.616 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.193 | 9.359 | 9.521 | 9.687 | 9.849 | 10.015 | 10.177 |
| Camarilla | 9.592 | 9.622 | 9.652 | 9.682 | 9.712 | 9.742 | 9.772 |
| Woodie | 9.190 | 9.358 | 9.518 | 9.686 | 9.846 | 10.014 | 10.174 |
| Fibonacci | 9.359 | 9.485 | 9.562 | 9.687 | 9.813 | 9.890 | 10.015 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.481 | 8.931 | 9.324 | 9.774 | 10.167 | 10.617 | 11.010 |
| Camarilla | 9.484 | 9.562 | 9.639 | 9.716 | 9.793 | 9.871 | 9.948 |
| Woodie | 8.452 | 8.917 | 9.295 | 9.760 | 10.138 | 10.603 | 10.981 |
| Fibonacci | 8.931 | 9.253 | 9.452 | 9.774 | 10.096 | 10.295 | 10.617 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.14 | |
| MACD (12,26,9): | -0.0660 | |
| Directional Movement: | 0.917 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 9.697 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.526 | |
| Elder Ray (13): | 0.025 | |
| Super Trend (3,10): | 9.907 | |
| Zig ZAG (10): | 9.666 | |
| VORTEX (21): | 0.9280 | |
| Stochastique (14,3,5): | 24.02 | |
| TEMA (21): | 9.625 | |
| Williams %R (14): | -77.53 | |
| Chande Momentum Oscillator (20): | -0.288 | |
| Repulse (5,40,3): | -1.3170 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0670 | |
| Courbe Coppock: | 7.39 |
| MA7: | 9.765 | |
| MA20: | 10.309 | |
| MA50: | 11.169 | |
| MA100: | 11.076 | |
| MAexp7: | 9.687 | |
| MAexp20: | 9.770 | |
| MAexp50: | 9.840 | |
| MAexp100: | 10.017 | |
| Price / MA7: | -1.26% | |
| Price / MA20: | -6.47% | |
| Price / MA50: | -13.67% | |
| Price / MA100: | -12.95% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -1.31% | |
| Price / MAexp50: | -2.01% | |
| Price / MAexp100: | -3.74% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The last news published on GALP ENERGIA-NOM at the time of the generation of this analysis was as follows:
- GOWITHFLOW, BACKED BY GALP ENERGIA, SUCCESSFUL IN UNIVERSITY OF MEMPHIS-LED INNOVATION COALITION
-
Savannah Resources team up with 'ideal candidate for partnership' Galp on flagship lithium project
- Venture Global LNG enters into LNG Sales and Purchase Agreement with Galp for 1 Million Tonnes Per Year
- Venture Global LNG enters into LNG Sales and Purchase Agreement with Galp for 1 Million Tonnes Per Year
-
Galp Energia
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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