ENGIE

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ENGI
ISIN:	FR0010208488

ENGIE - Daily - Technical analysis published on 09/07/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 12.352 EUR

My targets

12.879 EUR (+2.10%)

13.477 EUR (+6.84%)

My analysis

The basic bullish trend is very strong on ENGIE but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 12.352 EUR. Crossing the first resistance at 12.879 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 13.477 EUR as an objective. Crossing it would then enable buyers to target 14.843 EUR. Caution, a return to below 12.352 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

6.4

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 ENGIE price is 12.614 EUR. The price registered an increase of +4.02% on the session and was between 11.980 EUR and 12.940 EUR. This implies that the price is at +5.29% from its lowest and at -2.52% from its highest.

11.980

12.940

12.614

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

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ENGIE:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ENGIE indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.983	11.430	12.352	12.614	12.879	13.477	14.843
Change (%)	-12.93%	-9.39%	-2.08%	-	+2.10%	+6.84%	+17.67%
Change	-1.631	-1.184	-0.262	-	+0.265	+0.863	+2.229
Level	Minor	Intermediate	Major	-	Major	Major	Intermediate

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	11.734	11.898	12.012	12.176	12.290	12.454	12.568
Camarilla	12.050	12.075	12.101	12.126	12.152	12.177	12.203
Woodie	11.709	11.886	11.987	12.164	12.265	12.442	12.543
Fibonacci	11.898	12.004	12.070	12.176	12.282	12.348	12.454

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.837	11.261	11.717	12.141	12.597	13.021	13.477
Camarilla	11.930	12.011	12.091	12.172	12.253	12.333	12.414
Woodie	10.852	11.269	11.732	12.149	12.612	13.029	13.492
Fibonacci	11.261	11.598	11.805	12.141	12.478	12.685	13.021

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.101	10.983	11.425	12.307	12.749	13.631	14.073
Camarilla	11.504	11.625	11.747	11.868	11.989	12.111	12.232
Woodie	9.882	10.873	11.206	12.197	12.530	13.521	13.854
Fibonacci	10.983	11.488	11.801	12.307	12.812	13.125	13.631

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):	56.74
MACD (12,26,9):	0.0030
Directional Movement:	12.618
AROON (14):	-35.715
DEMA (21):	12.449
Parabolic SAR (0,02-0,02-0,2):	11.686
Elder Ray (13):	0.091
Super Trend (3,10):	12.647
Zig ZAG (10):	12.624
VORTEX (21):	0.9080
Stochastique (14,3,5):	42.79
TEMA (21):	12.275
Williams %R (14):	-37.15
Chande Momentum Oscillator (20):	-0.282
Repulse (5,40,3):	5.9810
ROCnROLL:	1
TRIX (15,9):	0.1190
Courbe Coppock:	10.31

MA7:	12.139
MA20:	12.598
MA50:	11.960
MA100:	11.898
MAexp7:	12.311
MAexp20:	12.386
MAexp50:	12.190
MAexp100:	11.989
Price / MA7:	+3.91%
Price / MA20:	+0.13%
Price / MA50:	+5.47%
Price / MA100:	+6.02%
Price / MAexp7:	+2.46%
Price / MAexp20:	+1.84%
Price / MAexp50:	+3.48%
Price / MAexp100:	+5.21%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on ENGIE 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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