SACYR - Daily - Technical analysis published on 10/17/2024 (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
89%
0%
11%
My opinion
Bullish above 3.190 EUR
My targets
3.406 EUR (+2.47%)
3.644 EUR (+9.63%)
My analysis
The bullish trend is currently very strong on SACYR. As long as the price remains above the support at 3.190 EUR, you could try to benefit from the boom. The first bullish objective is located at 3.406 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.644 EUR as an objective. Crossing it would then enable buyers to target 5.580 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.
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
8.6
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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 SACYR rating is 3.324 EUR. On the day, this instrument lost -0.12% and was traded between 3.312 EUR and 3.340 EUR over the period. The price is currently at +0.36% from its lowest and -0.48% from its highest.3.312
3.340
3.324
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SACYR in Daily shows a strongly overall bullish trend. 89.29% 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 is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.087 | 3.190 | 3.276 | 3.324 | 3.342 | 3.406 | 3.644 |
| Change (%) | -7.13% | -4.03% | -1.44% | - | +0.54% | +2.47% | +9.63% |
| Change | -0.237 | -0.134 | -0.048 | - | +0.018 | +0.082 | +0.320 |
| Level | Minor | Major | Minor | - | Intermediate | 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 | 3.215 | 3.237 | 3.283 | 3.305 | 3.351 | 3.373 | 3.419 |
| Camarilla | 3.309 | 3.316 | 3.322 | 3.328 | 3.334 | 3.341 | 3.347 |
| Woodie | 3.226 | 3.243 | 3.294 | 3.311 | 3.362 | 3.379 | 3.430 |
| Fibonacci | 3.237 | 3.263 | 3.279 | 3.305 | 3.331 | 3.347 | 3.373 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.065 | 3.109 | 3.187 | 3.231 | 3.309 | 3.353 | 3.431 |
| Camarilla | 3.233 | 3.244 | 3.255 | 3.266 | 3.277 | 3.288 | 3.300 |
| Woodie | 3.083 | 3.118 | 3.205 | 3.240 | 3.327 | 3.362 | 3.449 |
| Fibonacci | 3.109 | 3.155 | 3.184 | 3.231 | 3.277 | 3.306 | 3.353 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.891 | 2.983 | 3.115 | 3.207 | 3.339 | 3.431 | 3.563 |
| Camarilla | 3.186 | 3.207 | 3.228 | 3.248 | 3.269 | 3.289 | 3.310 |
| Woodie | 2.912 | 2.993 | 3.136 | 3.217 | 3.360 | 3.441 | 3.584 |
| Fibonacci | 2.983 | 3.068 | 3.121 | 3.207 | 3.292 | 3.345 | 3.431 |
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): | 66.98 | |
| MACD (12,26,9): | 0.0350 | |
| Directional Movement: | 15.851 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 3.287 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.162 | |
| Elder Ray (13): | 0.063 | |
| Super Trend (3,10): | 3.175 | |
| Zig ZAG (10): | 3.332 | |
| VORTEX (21): | 1.0780 | |
| Stochastique (14,3,5): | 95.73 | |
| TEMA (21): | 3.303 | |
| Williams %R (14): | -3.23 | |
| Chande Momentum Oscillator (20): | 0.084 | |
| Repulse (5,40,3): | 3.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1310 | |
| Courbe Coppock: | 2.34 |
| MA7: | 3.273 | |
| MA20: | 3.243 | |
| MA50: | 3.164 | |
| MA100: | 3.202 | |
| MAexp7: | 3.285 | |
| MAexp20: | 3.243 | |
| MAexp50: | 3.205 | |
| MAexp100: | 3.195 | |
| Price / MA7: | +1.56% | |
| Price / MA20: | +2.50% | |
| Price / MA50: | +5.06% | |
| Price / MA100: | +3.81% | |
| Price / MAexp7: | +1.19% | |
| Price / MAexp20: | +2.50% | |
| Price / MAexp50: | +3.71% | |
| Price / MAexp100: | +4.04% |
Quotes :
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15 min delayed data
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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:
SacyrThis 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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