ENGIE - Daily - Technical analysis published on 01/16/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
33%
28%
39%
My opinion
Bearish under 13.862 EUR
My targets
12.976 EUR (-2.47%)
12.304 EUR (-7.52%)
My analysis
The current short-term bearish acceleration registered on ENGIE should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 13.862 EUR. Short-term sellers will use the support located at 12.976 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 12.304 EUR. Crossing this support would then open the door for sellers to target 11.529 EUR. Caution, if there is a return to below 13.862 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.6
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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 13.304 EUR. The price is lower by -0.15% since the last closing and was between 13.300 EUR and 13.386 EUR. This implies that the price is at +0.03% from its lowest and at -0.61% from its highest.13.300
13.386
13.304
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ENGIE:
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 not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 11.529 | 12.304 | 12.976 | 13.304 | 13.862 | 14.516 | 14.904 |
| Change (%) | -13.34% | -7.52% | -2.47% | - | +4.19% | +9.11% | +12.03% |
| Change | -1.775 | -1.000 | -0.328 | - | +0.558 | +1.212 | +1.600 |
| Level | Major | Major | 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 | 12.969 | 13.099 | 13.211 | 13.341 | 13.453 | 13.583 | 13.695 |
| Camarilla | 13.258 | 13.280 | 13.302 | 13.324 | 13.346 | 13.368 | 13.391 |
| Woodie | 12.961 | 13.095 | 13.203 | 13.337 | 13.445 | 13.579 | 13.687 |
| Fibonacci | 13.099 | 13.191 | 13.248 | 13.341 | 13.433 | 13.490 | 13.583 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.421 | 12.683 | 13.003 | 13.265 | 13.585 | 13.847 | 14.167 |
| Camarilla | 13.164 | 13.217 | 13.271 | 13.324 | 13.377 | 13.431 | 13.484 |
| Woodie | 12.451 | 12.698 | 13.033 | 13.280 | 13.615 | 13.862 | 14.197 |
| Fibonacci | 12.683 | 12.905 | 13.042 | 13.265 | 13.487 | 13.624 | 13.847 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.982 | 11.968 | 12.678 | 13.664 | 14.374 | 15.360 | 16.070 |
| Camarilla | 12.922 | 13.077 | 13.233 | 13.388 | 13.544 | 13.699 | 13.854 |
| Woodie | 10.844 | 11.899 | 12.540 | 13.595 | 14.236 | 15.291 | 15.932 |
| Fibonacci | 11.968 | 12.616 | 13.016 | 13.664 | 14.312 | 14.712 | 15.360 |
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): | 43.13 | |
| MACD (12,26,9): | -0.1760 | |
| Directional Movement: | -11.627 | |
| AROON (14): | -21.429 | |
| DEMA (21): | 13.242 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.810 | |
| Elder Ray (13): | -0.027 | |
| Super Trend (3,10): | 13.988 | |
| Zig ZAG (10): | 13.308 | |
| VORTEX (21): | 0.9070 | |
| Stochastique (14,3,5): | 50.00 | |
| TEMA (21): | 13.093 | |
| Williams %R (14): | -53.87 | |
| Chande Momentum Oscillator (20): | -0.226 | |
| Repulse (5,40,3): | -1.0360 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2130 | |
| Courbe Coppock: | 5.23 |
| MA7: | 13.231 | |
| MA20: | 13.430 | |
| MA50: | 13.917 | |
| MA100: | 13.186 | |
| MAexp7: | 13.307 | |
| MAexp20: | 13.469 | |
| MAexp50: | 13.555 | |
| MAexp100: | 13.264 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | -4.40% | |
| Price / MA100: | +0.89% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -1.23% | |
| Price / MAexp50: | -1.85% | |
| Price / MAexp100: | +0.30% |
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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