SACYR

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SCYR
ISIN:	ES0182870214

SACYR - Daily - Technical analysis published on 02/24/2023 (GMT)

Londinia

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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

89%

My opinion

Bullish above 2.976 EUR

My targets

3.249 EUR (+4.01%)

8.287 EUR (+165.27%)

My analysis

The bullish trend is currently very strong on SACYR. As long as the price remains above the support at 2.976 EUR, you could try to benefit from the boom. The first bullish objective is located at 3.249 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.287 EUR as an objective. Crossing it would then enable buyers to target 14.208 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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

8.8

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.

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Additional analysis

Quotes

SACYR rating 3.124 EUR. On the day, this instrument gained +5.40% with the lowest point at 2.964 EUR and the highest point at 3.162 EUR. The deviation from the price is +5.40% for the low point and -1.20% for the high point.

2.964

3.162

3.124

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SACYR in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

White marubozu

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.631	2.820	2.976	3.124	8.287	14.208	33.056
Change (%)	-15.78%	-9.73%	-4.74%	-	+165.27%	+354.80%	+958.13%
Change	-0.493	-0.304	-0.148	-	+5.163	+11.084	+29.932
Level	Minor	Minor	Major	-	Minor	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.894	2.908	2.936	2.950	2.978	2.992	3.020
Camarilla	2.953	2.956	2.960	2.964	2.968	2.972	2.976
Woodie	2.901	2.912	2.943	2.954	2.985	2.996	3.027
Fibonacci	2.908	2.924	2.934	2.950	2.966	2.976	2.992

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.843	2.879	2.927	2.963	3.011	3.047	3.095
Camarilla	2.953	2.961	2.968	2.976	2.984	2.991	2.999
Woodie	2.850	2.882	2.934	2.966	3.018	3.050	3.102
Fibonacci	2.879	2.911	2.931	2.963	2.995	3.015	3.047

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.313	2.431	2.625	2.743	2.937	3.055	3.249
Camarilla	2.734	2.763	2.791	2.820	2.849	2.877	2.906
Woodie	2.352	2.450	2.664	2.762	2.976	3.074	3.288
Fibonacci	2.431	2.550	2.624	2.743	2.862	2.936	3.055

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):	80.71
MACD (12,26,9):	0.0800
Directional Movement:	33.257
AROON (14):	100.000
DEMA (21):	3.024
Parabolic SAR (0,02-0,02-0,2):	2.922
Elder Ray (13):	0.102
Super Trend (3,10):	2.876
Zig ZAG (10):	3.146
VORTEX (21):	1.1410
Stochastique (14,3,5):	85.40
TEMA (21):	3.042
Williams %R (14):	-5.33
Chande Momentum Oscillator (20):	0.278
Repulse (5,40,3):	8.5600
ROCnROLL:	1
TRIX (15,9):	0.3880
Courbe Coppock:	10.89

MA7:	2.987
MA20:	2.918
MA50:	2.748
MA100:	2.589
MAexp7:	3.000
MAexp20:	2.920
MAexp50:	2.785
MAexp100:	2.641
Price / MA7:	+4.59%
Price / MA20:	+7.06%
Price / MA50:	+13.68%
Price / MA100:	+20.66%
Price / MAexp7:	+4.13%
Price / MAexp20:	+6.99%
Price / MAexp50:	+12.17%
Price / MAexp100:	+18.29%

Quotes : - 15 min delayed data - Spain Stocks

News

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

Sacyr

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

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