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 05/23/2023 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Neutral

Technical indicators

61%

33%

My opinion

Neutral between 10.222 EUR and 11.302 EUR

My targets

My analysis

The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 11.302 EUR. The first support is located at 10.222 EUR. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by GALP ENERGIA-NOM.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

GALP ENERGIA-NOM rating 10.645 EUR. The price registered an increase of +1.43% on the session and was traded between 10.365 EUR and 10.645 EUR over the period. The price is currently at +2.70% from its lowest and 0% from its highest.

10.365

10.645

Here is a more detailed summary of the historical variations registered by GALP ENERGIA-NOM:

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

Technical analysis of this Daily chart of GALP ENERGIA-NOM indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the slightly bullish signals currently given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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 horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.458	9.920	10.222	10.645	10.712	12.227	12.692
Change (%)	-11.15%	-6.81%	-3.97%	-	+0.63%	+14.86%	+19.23%
Change	-1.187	-0.725	-0.423	-	+0.067	+1.582	+2.047
Level	Major	Intermediate	Major	-	Major	Major	Intermediate

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	10.282	10.338	10.417	10.473	10.552	10.608	10.687
Camarilla	10.458	10.470	10.483	10.495	10.507	10.520	10.532
Woodie	10.293	10.344	10.428	10.479	10.563	10.614	10.698
Fibonacci	10.338	10.390	10.422	10.473	10.525	10.557	10.608

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.798	10.001	10.240	10.443	10.682	10.885	11.124
Camarilla	10.359	10.399	10.440	10.480	10.521	10.561	10.602
Woodie	9.817	10.010	10.259	10.452	10.701	10.894	11.143
Fibonacci	10.001	10.170	10.274	10.443	10.612	10.716	10.885

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.831	10.120	10.422	10.711	11.013	11.302	11.604
Camarilla	10.563	10.617	10.671	10.725	10.779	10.833	10.888
Woodie	9.839	10.123	10.430	10.714	11.021	11.305	11.612
Fibonacci	10.120	10.345	10.485	10.711	10.936	11.076	11.302

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):	54.86
MACD (12,26,9):	0.0010
Directional Movement:	-2.014
AROON (14):	7.143
DEMA (21):	10.453
Parabolic SAR (0,02-0,02-0,2):	10.030
Elder Ray (13):	0.033
Super Trend (3,10):	10.078
Zig ZAG (10):	10.630
VORTEX (21):	0.9530
Stochastique (14,3,5):	81.05
TEMA (21):	10.501
Williams %R (14):	-4.71
Chande Momentum Oscillator (20):	0.319
Repulse (5,40,3):	3.1310
ROCnROLL:	1
TRIX (15,9):	-0.0270
Courbe Coppock:	0.31

MA7:	10.484
MA20:	10.437
MA50:	10.348
MA100:	11.078
MAexp7:	10.499
MAexp20:	10.463
MAexp50:	10.563
MAexp100:	10.750
Price / MA7:	+1.54%
Price / MA20:	+1.99%
Price / MA50:	+2.87%
Price / MA100:	-3.91%
Price / MAexp7:	+1.39%
Price / MAexp20:	+1.74%
Price / MAexp50:	+0.78%
Price / MAexp100:	-0.98%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The latest news and videos published on GALP ENERGIA-NOM 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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