GESTAMP

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	GEST
ISIN:	ES0105223004

GESTAMP - Daily - Technical analysis published on 12/14/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 3.774 EUR

My targets

3.400 EUR (-2.80%)

3.120 EUR (-10.81%)

My analysis

Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3.774 EUR remains possible. It is advisable to trade GESTAMP with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.774 EUR. The next bearish objective for sellers is set at 3.400 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.120 EUR. In case of crossing, the next objective would be the support located at 2.697 EUR. PS: if there is a bullish break in the resistance located at 3.774 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

2.3

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 GESTAMP rating is 3.498 EUR. The price has increased by +4.36% since the last closing and was between 3.416 EUR and 3.538 EUR. This implies that the price is at +2.40% from its lowest and at -1.13% from its highest.

3.416

3.538

3.498

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GESTAMP chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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 resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.242	2.697	3.400	3.498	3.774	4.134	4.424
Change (%)	-35.91%	-22.90%	-2.80%	-	+7.89%	+18.18%	+26.47%
Change	-1.256	-0.801	-0.098	-	+0.276	+0.636	+0.926
Level	Minor	Major	Major	-	Intermediate	Minor	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	3.251	3.301	3.327	3.377	3.403	3.453	3.479
Camarilla	3.331	3.338	3.345	3.352	3.359	3.366	3.373
Woodie	3.238	3.295	3.314	3.371	3.390	3.447	3.466
Fibonacci	3.301	3.330	3.348	3.377	3.406	3.424	3.453

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.183	3.281	3.391	3.489	3.599	3.697	3.807
Camarilla	3.443	3.462	3.481	3.500	3.519	3.538	3.557
Woodie	3.188	3.284	3.396	3.492	3.604	3.700	3.812
Fibonacci	3.281	3.361	3.410	3.489	3.569	3.618	3.697

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.940	3.120	3.320	3.500	3.700	3.880	4.080
Camarilla	3.416	3.450	3.485	3.520	3.555	3.590	3.625
Woodie	2.950	3.125	3.330	3.505	3.710	3.885	4.090
Fibonacci	3.120	3.265	3.355	3.500	3.645	3.735	3.880

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.18
MACD (12,26,9):	-0.0370
Directional Movement:	0.395
AROON (14):	-92.857
DEMA (21):	3.427
Parabolic SAR (0,02-0,02-0,2):	3.634
Elder Ray (13):	0.014
Super Trend (3,10):	3.651
Zig ZAG (10):	3.504
VORTEX (21):	0.8650
Stochastique (14,3,5):	22.36
TEMA (21):	3.446
Williams %R (14):	-35.59
Chande Momentum Oscillator (20):	0.092
Repulse (5,40,3):	-0.6750
ROCnROLL:	-1
TRIX (15,9):	-0.1560
Courbe Coppock:	2.08

MA7:	3.450
MA20:	3.477
MA50:	3.576
MA100:	3.819
MAexp7:	3.449
MAexp20:	3.480
MAexp50:	3.588
MAexp100:	3.739
Price / MA7:	+1.39%
Price / MA20:	+0.60%
Price / MA50:	-2.18%
Price / MA100:	-8.41%
Price / MAexp7:	+1.42%
Price / MAexp20:	+0.52%
Price / MAexp50:	-2.51%
Price / MAexp100:	-6.45%

Quotes : - 15 min delayed data - Spain Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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