GRIFOLS - Daily - Technical analysis published on 10/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 26.95 EUR
My targets
28.06 EUR (+0.90%)
29.58 EUR (+6.36%)
My analysis
GRIFOLS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 26.95 EUR. The next resistance located at 28.06 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 29.58 EUR.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GRIFOLS rating is 27.81 EUR. The price is lower by -0.61% since the last closing and was between 27.73 EUR and 28.11 EUR. This implies that the price is at +0.29% from its lowest and at -1.07% from its highest.27.73
28.11
27.81
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GRIFOLS:
Technical
A technical analysis in Daily of this GRIFOLS chart shows a bullish trend. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 23.88 | 25.54 | 26.95 | 27.81 | 28.06 | 29.58 |
| Change (%) | -14.13% | -8.16% | -3.09% | - | +0.90% | +6.36% |
| Change | -3.93 | -2.27 | -0.86 | - | +0.25 | +1.77 |
| Level | Intermediate | Minor | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.65 | 26.95 | 27.47 | 27.77 | 28.29 | 28.59 | 29.11 |
| Camarilla | 27.76 | 27.83 | 27.91 | 27.98 | 28.06 | 28.13 | 28.21 |
| Woodie | 26.75 | 27.01 | 27.57 | 27.83 | 28.39 | 28.65 | 29.21 |
| Fibonacci | 26.95 | 27.27 | 27.46 | 27.77 | 28.09 | 28.28 | 28.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.13 | 26.49 | 26.89 | 27.25 | 27.65 | 28.01 | 28.41 |
| Camarilla | 27.07 | 27.14 | 27.21 | 27.28 | 27.35 | 27.42 | 27.49 |
| Woodie | 26.14 | 26.50 | 26.90 | 27.26 | 27.66 | 28.02 | 28.42 |
| Fibonacci | 26.49 | 26.78 | 26.96 | 27.25 | 27.54 | 27.72 | 28.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.16 | 24.74 | 25.89 | 27.47 | 28.62 | 30.20 | 31.35 |
| Camarilla | 26.29 | 26.54 | 26.79 | 27.04 | 27.29 | 27.54 | 27.79 |
| Woodie | 22.95 | 24.63 | 25.68 | 27.36 | 28.41 | 30.09 | 31.14 |
| Fibonacci | 24.74 | 25.78 | 26.43 | 27.47 | 28.51 | 29.16 | 30.20 |
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): | 58.30 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 13.09 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 27.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.72 | |
| Elder Ray (13): | 0.59 | |
| Super Trend (3,10): | 28.05 | |
| Zig ZAG (10): | 27.81 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 80.01 | |
| TEMA (21): | 27.50 | |
| Williams %R (14): | -21.74 | |
| Chande Momentum Oscillator (20): | 0.43 | |
| Repulse (5,40,3): | 0.9000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 4.21 |
| MA7: | 27.41 | |
| MA20: | 27.10 | |
| MA50: | 27.59 | |
| MA100: | 27.42 | |
| MAexp7: | 27.48 | |
| MAexp20: | 27.28 | |
| MAexp50: | 27.36 | |
| MAexp100: | 27.00 | |
| Price / MA7: | +1.46% | |
| Price / MA20: | +2.62% | |
| Price / MA50: | +0.80% | |
| Price / MA100: | +1.42% | |
| Price / MAexp7: | +1.20% | |
| Price / MAexp20: | +1.94% | |
| Price / MAexp50: | +1.64% | |
| Price / MAexp100: | +3.00% |
News
The last news published on GRIFOLS at the time of the generation of this analysis was as follows:
- Grifols presents additional encouraging Alzheimer's trial results at AAIC
- Grifols Announces FDA Approval of Xembify®, 20% Subcutaneous Immunoglobulin for Primary Immunodeficiencies
- Grifols Selected to Build Its First Intravenous Solutions Manufacturing Line in Africa
- Grifols to launch plasma-protein-based bleeding-control solutions
- Grifols Announces PharmacyKeeper Bidirectional Integration with Epic
This member declared not having a position on this financial instrument or a related financial instrument.
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