IBERDROLA - Daily - Technical analysis published on 02/28/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 10.844 EUR
My targets
10.289 EUR (-2.01%)
10.122 EUR (-3.60%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IBERDROLA as long as the price remains well below 10.844 EUR. The sellers' bearish objective is set at 10.289 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.122 EUR. In case of crossing, the next objective would be the support located at 9.744 EUR.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IBERDROLA price is 10.500 EUR. On the day, this instrument lost -0.33% with the lowest point at 10.480 EUR and the highest point at 10.565 EUR. The deviation from the price is +0.19% for the low point and -0.62% for the high point.10.480
10.565
10.500
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
Here is a more detailed summary of the historical variations registered by IBERDROLA:
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 IBERDROLA chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced 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.
On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.122 | 10.289 | 10.460 | 10.500 | 10.844 | 11.065 | 11.329 |
| Change (%) | -3.60% | -2.01% | -0.38% | - | +3.28% | +5.38% | +7.90% |
| Change | -0.378 | -0.211 | -0.040 | - | +0.344 | +0.565 | +0.829 |
| Level | Minor | Minor | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.288 | 10.352 | 10.443 | 10.507 | 10.598 | 10.662 | 10.753 |
| Camarilla | 10.492 | 10.507 | 10.521 | 10.535 | 10.549 | 10.563 | 10.578 |
| Woodie | 10.303 | 10.359 | 10.458 | 10.514 | 10.613 | 10.669 | 10.768 |
| Fibonacci | 10.352 | 10.411 | 10.448 | 10.507 | 10.566 | 10.603 | 10.662 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.023 | 10.297 | 10.463 | 10.737 | 10.903 | 11.177 | 11.343 |
| Camarilla | 10.509 | 10.549 | 10.590 | 10.630 | 10.670 | 10.711 | 10.751 |
| Woodie | 9.970 | 10.270 | 10.410 | 10.710 | 10.850 | 11.150 | 11.290 |
| Fibonacci | 10.297 | 10.465 | 10.569 | 10.737 | 10.905 | 11.009 | 11.177 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.796 | 10.350 | 10.763 | 11.317 | 11.730 | 12.284 | 12.697 |
| Camarilla | 10.909 | 10.998 | 11.086 | 11.175 | 11.264 | 11.352 | 11.441 |
| Woodie | 9.725 | 10.315 | 10.692 | 11.282 | 11.659 | 12.249 | 12.626 |
| Fibonacci | 10.350 | 10.720 | 10.948 | 11.317 | 11.687 | 11.915 | 12.284 |
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): | 31.39 | |
| MACD (12,26,9): | -0.1560 | |
| Directional Movement: | -15.365 | |
| AROON (14): | -21.428 | |
| DEMA (21): | 10.581 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.955 | |
| Elder Ray (13): | -0.184 | |
| Super Trend (3,10): | 11.024 | |
| Zig ZAG (10): | 10.495 | |
| VORTEX (21): | 0.8620 | |
| Stochastique (14,3,5): | 12.50 | |
| TEMA (21): | 10.528 | |
| Williams %R (14): | -85.71 | |
| Chande Momentum Oscillator (20): | -0.280 | |
| Repulse (5,40,3): | -1.0490 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2010 | |
| Courbe Coppock: | 3.31 |
| MA7: | 10.680 | |
| MA20: | 10.775 | |
| MA50: | 11.190 | |
| MA100: | 10.965 | |
| MAexp7: | 10.629 | |
| MAexp20: | 10.790 | |
| MAexp50: | 10.978 | |
| MAexp100: | 10.986 | |
| Price / MA7: | -1.69% | |
| Price / MA20: | -2.55% | |
| Price / MA50: | -6.17% | |
| Price / MA100: | -4.24% | |
| Price / MAexp7: | -1.21% | |
| Price / MAexp20: | -2.69% | |
| Price / MAexp50: | -4.35% | |
| Price / MAexp100: | -4.42% |
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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