ACCIONA - 1H - Technical analysis published on 03/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 109.34 EUR
My targets
112.69 EUR (+1.11%)
116.80 EUR (+4.80%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ACCIONA as long as the price remains well above 109.34 EUR. The buyers' bullish objective is set at 112.69 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 116.80 EUR. If there is any crossing, the next objective would be the resistance located at 120.70 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ACCIONA rating 111.45 EUR. On the day, this instrument gained +1.18% and was between 109.80 EUR and 111.60 EUR. This implies that the price is at +1.50% from its lowest and at -0.13% from its highest.109.80
111.60
111.45
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of ACCIONA in 1H shows a strongly overall bullish trend. 85.71% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 103.40 | 106.40 | 109.34 | 111.45 | 112.69 | 116.80 | 120.70 |
| Change (%) | -7.22% | -4.53% | -1.89% | - | +1.11% | +4.80% | +8.30% |
| Change | -8.05 | -5.05 | -2.11 | - | +1.24 | +5.35 | +9.25 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
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 | 105.15 | 106.35 | 108.25 | 109.45 | 111.35 | 112.55 | 114.45 |
| Camarilla | 109.30 | 109.58 | 109.87 | 110.15 | 110.43 | 110.72 | 111.00 |
| Woodie | 105.50 | 106.53 | 108.60 | 109.63 | 111.70 | 112.73 | 114.80 |
| Fibonacci | 106.35 | 107.53 | 108.27 | 109.45 | 110.63 | 111.37 | 112.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.53 | 95.70 | 101.22 | 105.39 | 110.91 | 115.08 | 120.60 |
| Camarilla | 104.09 | 104.97 | 105.86 | 106.75 | 107.64 | 108.53 | 109.42 |
| Woodie | 92.22 | 96.04 | 101.91 | 105.73 | 111.60 | 115.42 | 121.29 |
| Fibonacci | 95.70 | 99.40 | 101.69 | 105.39 | 109.09 | 111.38 | 115.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.47 | 87.16 | 95.31 | 108.00 | 116.15 | 128.84 | 136.99 |
| Camarilla | 97.72 | 99.63 | 101.54 | 103.45 | 105.36 | 107.27 | 109.18 |
| Woodie | 72.19 | 86.03 | 93.03 | 106.87 | 113.87 | 127.71 | 134.71 |
| Fibonacci | 87.16 | 95.12 | 100.04 | 108.00 | 115.96 | 120.88 | 128.84 |
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): | 69.32 | |
| MACD (12,26,9): | 1.6900 | |
| Directional Movement: | 20.95 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 111.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 110.44 | |
| Elder Ray (13): | 1.43 | |
| Super Trend (3,10): | 108.13 | |
| Zig ZAG (10): | 111.45 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 96.29 | |
| TEMA (21): | 112.01 | |
| Williams %R (14): | -2.47 | |
| Chande Momentum Oscillator (20): | 2.60 | |
| Repulse (5,40,3): | 0.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 5.75 |
| MA7: | 105.42 | |
| MA20: | 108.15 | |
| MA50: | 117.50 | |
| MA100: | 121.87 | |
| MAexp7: | 110.81 | |
| MAexp20: | 109.17 | |
| MAexp50: | 107.03 | |
| MAexp100: | 107.05 | |
| Price / MA7: | +5.72% | |
| Price / MA20: | +3.05% | |
| Price / MA50: | -5.15% | |
| Price / MA100: | -8.55% | |
| Price / MAexp7: | +0.58% | |
| Price / MAexp20: | +2.09% | |
| Price / MAexp50: | +4.13% | |
| Price / MAexp100: | +4.11% |
Quotes :
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15 min delayed data
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Spain Stocks
News
Don't forget to follow the news on ACCIONA. At the time of publication of this analysis, the latest news was as follows:
- Eve and Acciona enter strategic partnership to accelerate the development of a sustainable Urban Air Mobility ecosystem
- Acciona Energia Assigned ESG Evaluation Score Of 86; Preparedness Strong
- Sungrow Supplies Inverters for El Romero Solar High-Tech Hub Developed by Acciona
- Sungrow Supplies Inverters for El Romero Solar High-Tech Hub Developed by Acciona
- ACCIONA Industrial Enhances Global Materials Management with the Use of Intergraph Smart® Materials
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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