UNICAJA - Daily - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 0.8135 EUR
My targets
0.9335 EUR (+13.29%)
0.9883 EUR (+19.94%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.8135 EUR remains possible. It is advisable to trade UNICAJA with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.8135 EUR. The next bullish objective for buyers is set at 0.9335 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9883 EUR. If there is any crossing, the next objective would be the resistance located at 1.0520 EUR. PS: if there is a bearish break in the support located at 0.8135 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
1.1
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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 UNICAJA price is 0.8240 EUR. The price registered an increase of +0.43% on the session and was between 0.8185 EUR and 0.8240 EUR. This implies that the price is at +0.67% from its lowest and at 0% from its highest.0.8185
0.8240
0.8240
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UNICAJA:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this UNICAJA chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7006 | 0.7605 | 0.8135 | 0.8240 | 0.9335 | 0.9883 | 1.0520 |
| Change (%) | -14.98% | -7.71% | -1.27% | - | +13.29% | +19.94% | +27.67% |
| Change | -0.1234 | -0.0635 | -0.0105 | - | +0.1095 | +0.1643 | +0.2280 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
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 | 0.7643 | 0.7882 | 0.8043 | 0.8282 | 0.8443 | 0.8682 | 0.8843 |
| Camarilla | 0.8095 | 0.8132 | 0.8168 | 0.8205 | 0.8242 | 0.8278 | 0.8315 |
| Woodie | 0.7605 | 0.7863 | 0.8005 | 0.8263 | 0.8405 | 0.8663 | 0.8805 |
| Fibonacci | 0.7882 | 0.8035 | 0.8129 | 0.8282 | 0.8435 | 0.8529 | 0.8682 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6838 | 0.7507 | 0.7943 | 0.8612 | 0.9048 | 0.9717 | 1.0153 |
| Camarilla | 0.8076 | 0.8177 | 0.8279 | 0.8380 | 0.8481 | 0.8583 | 0.8684 |
| Woodie | 0.6723 | 0.7449 | 0.7828 | 0.8554 | 0.8933 | 0.9659 | 1.0038 |
| Fibonacci | 0.7507 | 0.7929 | 0.8190 | 0.8612 | 0.9034 | 0.9295 | 0.9717 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5583 | 0.6242 | 0.7178 | 0.7837 | 0.8773 | 0.9432 | 1.0368 |
| Camarilla | 0.7676 | 0.7823 | 0.7969 | 0.8115 | 0.8261 | 0.8407 | 0.8554 |
| Woodie | 0.5723 | 0.6311 | 0.7318 | 0.7906 | 0.8913 | 0.9501 | 1.0508 |
| Fibonacci | 0.6242 | 0.6851 | 0.7227 | 0.7837 | 0.8446 | 0.8822 | 0.9432 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.44 | |
| MACD (12,26,9): | 0.0157 | |
| Directional Movement: | -2.2467 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 0.8618 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9129 | |
| Elder Ray (13): | -0.0240 | |
| Super Trend (3,10): | 0.9072 | |
| Zig ZAG (10): | 0.8185 | |
| VORTEX (21): | 0.9684 | |
| Stochastique (14,3,5): | 25.85 | |
| TEMA (21): | 0.8521 | |
| Williams %R (14): | -79.35 | |
| Chande Momentum Oscillator (20): | -0.0145 | |
| Repulse (5,40,3): | -3.8305 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4888 | |
| Courbe Coppock: | 4.85 |
| MA7: | 0.8476 | |
| MA20: | 0.8455 | |
| MA50: | 0.7818 | |
| MA100: | 0.7477 | |
| MAexp7: | 0.8389 | |
| MAexp20: | 0.8365 | |
| MAexp50: | 0.7989 | |
| MAexp100: | 0.7895 | |
| Price / MA7: | -2.78% | |
| Price / MA20: | -2.54% | |
| Price / MA50: | +5.40% | |
| Price / MA100: | +10.20% | |
| Price / MAexp7: | -1.78% | |
| Price / MAexp20: | -1.49% | |
| Price / MAexp50: | +3.14% | |
| Price / MAexp100: | +4.37% |
This member declared not having a position on this financial instrument or a related financial instrument.
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