IBERDROLA - Daily - Technical analysis published on 12/29/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 11.534 EUR
My targets
12.158 EUR (+2.17%)
12.877 EUR (+8.21%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IBERDROLA as long as the price remains well above 11.534 EUR. The buyers' bullish objective is set at 12.158 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.877 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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Additional analysis
Quotes
The IBERDROLA rating is 11.900 EUR. On the day, this instrument gained +0.63% and was traded between 11.855 EUR and 11.910 EUR over the period. The price is currently at +0.38% from its lowest and -0.08% from its highest.11.855
11.910
11.900
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IBERDROLA:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this IBERDROLA chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 11.030 | 11.534 | 11.836 | 11.900 |
| Change (%) | -7.31% | -3.08% | -0.54% | - |
| Change | -0.870 | -0.366 | -0.064 | - |
| Level | 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 | 11.703 | 11.762 | 11.793 | 11.852 | 11.883 | 11.942 | 11.973 |
| Camarilla | 11.800 | 11.809 | 11.817 | 11.825 | 11.833 | 11.842 | 11.850 |
| Woodie | 11.690 | 11.755 | 11.780 | 11.845 | 11.870 | 11.935 | 11.960 |
| Fibonacci | 11.762 | 11.796 | 11.817 | 11.852 | 11.886 | 11.907 | 11.942 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.518 | 11.607 | 11.733 | 11.822 | 11.948 | 12.037 | 12.163 |
| Camarilla | 11.801 | 11.821 | 11.840 | 11.860 | 11.880 | 11.899 | 11.919 |
| Woodie | 11.538 | 11.616 | 11.753 | 11.831 | 11.968 | 12.046 | 12.183 |
| Fibonacci | 11.607 | 11.689 | 11.740 | 11.822 | 11.904 | 11.955 | 12.037 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.502 | 9.908 | 10.627 | 11.033 | 11.752 | 12.158 | 12.877 |
| Camarilla | 11.036 | 11.139 | 11.242 | 11.345 | 11.448 | 11.551 | 11.654 |
| Woodie | 9.658 | 9.986 | 10.783 | 11.111 | 11.908 | 12.236 | 13.033 |
| Fibonacci | 9.908 | 10.338 | 10.604 | 11.033 | 11.463 | 11.729 | 12.158 |
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): | 70.17 | |
| MACD (12,26,9): | 0.1980 | |
| Directional Movement: | 22.943 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 11.945 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.991 | |
| Elder Ray (13): | 0.119 | |
| Super Trend (3,10): | 11.504 | |
| Zig ZAG (10): | 11.900 | |
| VORTEX (21): | 1.1750 | |
| Stochastique (14,3,5): | 57.39 | |
| TEMA (21): | 11.951 | |
| Williams %R (14): | -34.85 | |
| Chande Momentum Oscillator (20): | 0.150 | |
| Repulse (5,40,3): | 0.2380 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2930 | |
| Courbe Coppock: | 4.07 |
| MA7: | 11.827 | |
| MA20: | 11.716 | |
| MA50: | 11.135 | |
| MA100: | 10.926 | |
| MAexp7: | 11.827 | |
| MAexp20: | 11.666 | |
| MAexp50: | 11.322 | |
| MAexp100: | 11.121 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +1.57% | |
| Price / MA50: | +6.87% | |
| Price / MA100: | +8.91% | |
| Price / MAexp7: | +0.62% | |
| Price / MAexp20: | +2.01% | |
| Price / MAexp50: | +5.11% | |
| Price / MAexp100: | +7.00% |
Quotes :
-
15 min delayed data
-
Spain Stocks
News
The last news published on IBERDROLA at the time of the generation of this analysis 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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