ENGIE - 1H - Technical analysis published on 10/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 11.894 EUR
My targets
12.318 EUR (+1.47%)
12.568 EUR (+3.53%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 11.894 EUR remains possible. It is advisable to trade ENGIE with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 11.894 EUR. The next bullish objective for buyers is set at 12.318 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.568 EUR. If there is any crossing, the next objective would be the resistance located at 12.862 EUR. PS: if there is a bearish break in the support located at 11.894 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENGIE price is 12.140 EUR. On the day, this instrument lost -0.03% and was between 12.022 EUR and 12.260 EUR. This implies that the price is at +0.98% from its lowest and at -0.98% from its highest.12.022
12.260
12.140
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this ENGIE chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.734 | 11.894 | 12.088 | 12.140 | 12.318 | 12.568 | 12.862 |
| Change (%) | -3.34% | -2.03% | -0.43% | - | +1.47% | +3.53% | +5.95% |
| Change | -0.406 | -0.246 | -0.052 | - | +0.178 | +0.428 | +0.722 |
| Level | Major | Intermediate | Minor | - | Intermediate | 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 | 11.859 | 12.001 | 12.073 | 12.215 | 12.287 | 12.429 | 12.501 |
| Camarilla | 12.085 | 12.105 | 12.124 | 12.144 | 12.164 | 12.183 | 12.203 |
| Woodie | 11.823 | 11.984 | 12.037 | 12.198 | 12.251 | 12.412 | 12.465 |
| Fibonacci | 12.001 | 12.083 | 12.134 | 12.215 | 12.297 | 12.348 | 12.429 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.693 | 11.019 | 11.481 | 11.807 | 12.269 | 12.595 | 13.057 |
| Camarilla | 11.727 | 11.800 | 11.872 | 11.944 | 12.016 | 12.089 | 12.161 |
| Woodie | 10.762 | 11.053 | 11.550 | 11.841 | 12.338 | 12.629 | 13.126 |
| Fibonacci | 11.019 | 11.320 | 11.506 | 11.807 | 12.108 | 12.294 | 12.595 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.521 | 10.603 | 11.223 | 12.305 | 12.925 | 14.007 | 14.627 |
| Camarilla | 11.374 | 11.530 | 11.686 | 11.842 | 11.998 | 12.154 | 12.310 |
| Woodie | 9.289 | 10.488 | 10.991 | 12.190 | 12.693 | 13.892 | 14.395 |
| Fibonacci | 10.603 | 11.254 | 11.655 | 12.305 | 12.956 | 13.357 | 14.007 |
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): | 53.37 | |
| MACD (12,26,9): | 0.0540 | |
| Directional Movement: | 5.462 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 12.238 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.258 | |
| Elder Ray (13): | 0.003 | |
| Super Trend (3,10): | 12.054 | |
| Zig ZAG (10): | 12.160 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 40.68 | |
| TEMA (21): | 12.210 | |
| Williams %R (14): | -57.74 | |
| Chande Momentum Oscillator (20): | -0.116 | |
| Repulse (5,40,3): | 0.0170 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1090 | |
| Courbe Coppock: | 0.07 |
| MA7: | 11.893 | |
| MA20: | 12.028 | |
| MA50: | 12.429 | |
| MA100: | 12.052 | |
| MAexp7: | 12.167 | |
| MAexp20: | 12.147 | |
| MAexp50: | 12.027 | |
| MAexp100: | 12.009 | |
| Price / MA7: | +2.08% | |
| Price / MA20: | +0.93% | |
| Price / MA50: | -2.33% | |
| Price / MA100: | +0.73% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.94% | |
| Price / MAexp100: | +1.09% |
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:
- Orchestrade Solution for Trading, Risk Management and Operations Selected by ENGIE
- ENGIE Purchases 151 MW Dakota Range Wind III From Apex Clean Energy
- The Republic of Palau – in partnership with GridMarket and ENGIE Eps - pioneers access to affordable and reliable clean energy with project ARMONIA, the largest microgrid in the world
- ENGIE Services Canada names new CEO of ENGIE MultiTech
- UnaBiz Raises USD10 Million from KDDI/ SORACOM and ENGIE
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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