OHLA

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	OHLA
ISIN:	ES0142090317

OHLA - Daily - Technical analysis published on 01/10/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

17%

My opinion

Bullish above 0.4466 EUR

My targets

0.5095 EUR (+4.62%)

0.5555 EUR (+14.06%)

My analysis

The strong short-term increase of OHLA should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.4466 EUR, a purchase could be considered. The first bullish objective is located at 0.5095 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.5555 EUR. If there is any crossing, the next objective would be the resistance at 0.6320 EUR. Caution, if there is a return under 0.4466 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.4

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 Nachoperezcandas. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

OHLA rating 0.4870 EUR. On the day, this instrument lost -1.02% and was between 0.4844 EUR and 0.4934 EUR. This implies that the price is at +0.54% from its lowest and at -1.30% from its highest.

0.4844

0.4934

0.4870

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 results:

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 OHLA chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by 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 strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.3924	0.4466	0.4870	0.5095	0.6320	0.7341
Change (%)	-19.43%	-8.30%	-	+4.62%	+29.77%	+50.74%
Change	-0.0946	-0.0404	-	+0.0225	+0.1450	+0.2471
Level	Major	Major	-	Intermediate	Intermediate	Intermediate

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	0.4770	0.4824	0.4872	0.4926	0.4974	0.5028	0.5076
Camarilla	0.4892	0.4901	0.4911	0.4920	0.4929	0.4939	0.4948
Woodie	0.4767	0.4823	0.4869	0.4925	0.4971	0.5027	0.5073
Fibonacci	0.4824	0.4863	0.4887	0.4926	0.4965	0.4989	0.5028

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.4295	0.4437	0.4635	0.4777	0.4975	0.5117	0.5315
Camarilla	0.4739	0.4770	0.4801	0.4832	0.4863	0.4894	0.4926
Woodie	0.4322	0.4451	0.4662	0.4791	0.5002	0.5131	0.5342
Fibonacci	0.4437	0.4567	0.4648	0.4777	0.4907	0.4988	0.5117

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.3179	0.3715	0.4099	0.4635	0.5019	0.5555	0.5939
Camarilla	0.4231	0.4315	0.4400	0.4484	0.4568	0.4653	0.4737
Woodie	0.3104	0.3677	0.4024	0.4597	0.4944	0.5517	0.5864
Fibonacci	0.3715	0.4066	0.4283	0.4635	0.4986	0.5203	0.5555

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):	56.54
MACD (12,26,9):	0.0043
Directional Movement:	4.3162
AROON (14):	92.8571
DEMA (21):	0.4776
Parabolic SAR (0,02-0,02-0,2):	0.4410
Elder Ray (13):	0.0124
Super Trend (3,10):	0.4418
Zig ZAG (10):	0.4884
VORTEX (21):	1.0011
Stochastique (14,3,5):	84.69
TEMA (21):	0.4840
Williams %R (14):	-18.11
Chande Momentum Oscillator (20):	0.0182
Repulse (5,40,3):	0.1790
ROCnROLL:	1
TRIX (15,9):	0.0167
Courbe Coppock:	9.16

MA7:	0.4828
MA20:	0.4682
MA50:	0.4702
MA100:	0.4981
MAexp7:	0.4820
MAexp20:	0.4739
MAexp50:	0.4774
MAexp100:	0.5095
Price / MA7:	+0.87%
Price / MA20:	+4.02%
Price / MA50:	+3.57%
Price / MA100:	-2.23%
Price / MAexp7:	+1.04%
Price / MAexp20:	+2.76%
Price / MAexp50:	+2.01%
Price / MAexp100:	-4.42%

Quotes : - 15 min delayed data - Spain Stocks

News

Don't forget to follow the news on OHLA. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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