IBERDROLA - Daily - Technical analysis published on 08/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 11.030 EUR
My targets
10.506 EUR (-1.40%)
10.325 EUR (-3.10%)
My analysis
The bearish trend is currently very strong for IBERDROLA. As long as the price remains below the resistance at 11.030 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 10.506 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.325 EUR as an objective. Crossing it would then enable sellers to target 9.940 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IBERDROLA rating 10.655 EUR. The price registered an increase of +0.85% on the session with the lowest point at 10.540 EUR and the highest point at 10.675 EUR. The deviation from the price is +1.09% for the low point and -0.19% for the high point.10.540
10.675
10.655
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 IBERDROLA:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IBERDROLA in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.325 | 10.506 | 10.640 | 10.655 | 11.030 | 11.534 | 11.836 |
| Change (%) | -3.10% | -1.40% | -0.14% | - | +3.52% | +8.25% | +11.08% |
| Change | -0.330 | -0.149 | -0.015 | - | +0.375 | +0.879 | +1.181 |
| Level | Major | Minor | Major | - | 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 | 10.357 | 10.458 | 10.512 | 10.613 | 10.667 | 10.768 | 10.822 |
| Camarilla | 10.522 | 10.537 | 10.551 | 10.565 | 10.579 | 10.593 | 10.608 |
| Woodie | 10.333 | 10.446 | 10.488 | 10.601 | 10.643 | 10.756 | 10.798 |
| Fibonacci | 10.458 | 10.518 | 10.554 | 10.613 | 10.673 | 10.709 | 10.768 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.288 | 10.452 | 10.693 | 10.857 | 11.098 | 11.262 | 11.503 |
| Camarilla | 10.824 | 10.861 | 10.898 | 10.935 | 10.972 | 11.009 | 11.046 |
| Woodie | 10.328 | 10.471 | 10.733 | 10.876 | 11.138 | 11.281 | 11.543 |
| Fibonacci | 10.452 | 10.606 | 10.702 | 10.857 | 11.011 | 11.107 | 11.262 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.110 | 10.582 | 10.969 | 11.441 | 11.828 | 12.300 | 12.687 |
| Camarilla | 11.119 | 11.198 | 11.276 | 11.355 | 11.434 | 11.513 | 11.591 |
| Woodie | 10.067 | 10.561 | 10.926 | 11.420 | 11.785 | 12.279 | 12.644 |
| Fibonacci | 10.582 | 10.911 | 11.113 | 11.441 | 11.770 | 11.972 | 12.300 |
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): | 36.01 | |
| MACD (12,26,9): | -0.1760 | |
| Directional Movement: | -17.867 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 10.706 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.964 | |
| Elder Ray (13): | -0.217 | |
| Super Trend (3,10): | 11.122 | |
| Zig ZAG (10): | 10.635 | |
| VORTEX (21): | 0.7980 | |
| Stochastique (14,3,5): | 7.62 | |
| TEMA (21): | 10.604 | |
| Williams %R (14): | -87.93 | |
| Chande Momentum Oscillator (20): | -0.270 | |
| Repulse (5,40,3): | -0.8790 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1890 | |
| Courbe Coppock: | 10.04 |
| MA7: | 10.762 | |
| MA20: | 10.999 | |
| MA50: | 11.232 | |
| MA100: | 11.279 | |
| MAexp7: | 10.725 | |
| MAexp20: | 10.923 | |
| MAexp50: | 11.110 | |
| MAexp100: | 11.094 | |
| Price / MA7: | -0.99% | |
| Price / MA20: | -3.13% | |
| Price / MA50: | -5.14% | |
| Price / MA100: | -5.53% | |
| Price / MAexp7: | -0.65% | |
| Price / MAexp20: | -2.45% | |
| Price / MAexp50: | -4.10% | |
| Price / MAexp100: | -3.96% |
Quotes :
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15 min delayed data
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Spain Stocks
News
Don't forget to follow the news on IBERDROLA. At the time of publication of this analysis, the latest news was as follows:
- IBERDROLA NOW USING GENERAC GRID SERVICES' CONCERTO™ TO SUPPORT GRID STABILITY
- Massive Shareholder Support for Management of AVANGRID’s Parent Company Iberdrola in a Record Year for the Company
- Ernest Moniz Presents World Jurist Association Medal of Honor to Ignacio Galán, Executive Chairman of Iberdrola and Chairman of AVANGRID
- AVANGRID, Inc.: Ignacio Galán at Harvard Business School discusses company case study with students, “Iberdrola, leading the energy revolution”
- Cummins Selects Spain for its Gigawatt Electrolyzer Plant & Partners with Iberdrola to Lead the Green Hydrogen Value Chain
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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