PARLEM

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	PAR
ISIN:	ES0105561007

PARLEM - Daily - Technical analysis published on 11/07/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 3.76 EUR

My targets

3.27 EUR (-5.49%)

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 3.76 EUR remains possible. It is advisable to trade PARLEM with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.76 EUR. The next bearish objective for sellers is set at 3.27 EUR. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 3.76 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, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.9

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.

This analysis was given by Londinia.

Additional analysis

Quotes

The PARLEM rating is 3.46 EUR. On the day, this instrument gained +8.13% with the lowest point at 3.10 EUR and the highest point at 3.48 EUR. The deviation from the price is +11.61% for the low point and -0.57% for the high point.

3.10

3.48

3.46

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this PARLEM chart shows a bearish trend. 71.43% 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 several bullish signals that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
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

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

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	3.27	3.46	4.68	5.71	7.44
Change (%)	-5.49%	-	+35.26%	+65.03%	+115.03%
Change	-0.19	-	+1.22	+2.25	+3.98
Level	Minor	-	Intermediate	Major	Minor

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	2.99	3.04	3.12	3.17	3.25	3.30	3.38
Camarilla	3.16	3.18	3.19	3.20	3.21	3.22	3.24
Woodie	3.01	3.05	3.14	3.18	3.27	3.31	3.40
Fibonacci	3.04	3.09	3.12	3.17	3.22	3.25	3.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.47	2.65	2.92	3.10	3.37	3.55	3.82
Camarilla	3.08	3.12	3.16	3.20	3.24	3.28	3.32
Woodie	2.53	2.67	2.98	3.12	3.43	3.57	3.88
Fibonacci	2.65	2.82	2.93	3.10	3.27	3.38	3.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.98	2.40	2.66	3.08	3.34	3.76	4.02
Camarilla	2.73	2.80	2.86	2.92	2.98	3.05	3.11
Woodie	1.90	2.36	2.58	3.04	3.26	3.72	3.94
Fibonacci	2.40	2.66	2.82	3.08	3.34	3.50	3.76

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):	54.16
MACD (12,26,9):	-0.1300
Directional Movement:	3.14
AROON (14):	35.71
DEMA (21):	3.05
Parabolic SAR (0,02-0,02-0,2):	2.86
Elder Ray (13):	0.07
Super Trend (3,10):	2.74
Zig ZAG (10):	3.46
VORTEX (21):	0.8700
Stochastique (14,3,5):	86.92
TEMA (21):	3.16
Williams %R (14):	-3.03
Chande Momentum Oscillator (20):	0.20
Repulse (5,40,3):	17.3700
ROCnROLL:	-1
TRIX (15,9):	-0.8300
Courbe Coppock:	4.71

MA7:	3.14
MA20:	3.21
MA50:	3.76
MA100:	4.44
MAexp7:	3.23
MAexp20:	3.27
MAexp50:	3.69
MAexp100:	4.27
Price / MA7:	+10.19%
Price / MA20:	+7.79%
Price / MA50:	-7.98%
Price / MA100:	-22.07%
Price / MAexp7:	+7.12%
Price / MAexp20:	+5.81%
Price / MAexp50:	-6.23%
Price / MAexp100:	-18.97%

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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Londinia AI

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