ACCIONA - 1H - Technical analysis published on 06/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 117.8 EUR
My targets
112.7 EUR (-0.70%)
111.3 EUR (-1.94%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 117.8 EUR remains possible. It is advisable to trade ACCIONA with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 117.8 EUR. The next bearish objective for sellers is set at 112.7 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 111.3 EUR. In case of crossing, the next objective would be the support located at 108.2 EUR. PS: if there is a bullish break in the resistance located at 117.8 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish 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
0.5
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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 ACCIONA price is 113.5 EUR. The price registered a decrease of -0.09% on the session and was traded between 113.3 EUR and 114.5 EUR over the period. The price is currently at +0.18% from its lowest and -0.87% from its highest.113.3
114.5
113.5
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ACCIONA chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 108.2 | 111.3 | 112.7 | 113.5 | 117.8 | 120.8 | 126.4 |
| Change (%) | -4.67% | -1.94% | -0.70% | - | +3.79% | +6.43% | +11.37% |
| Change | -5.3 | -2.2 | -0.8 | - | +4.3 | +7.3 | +12.9 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.9 | 110.9 | 112.2 | 113.2 | 114.5 | 115.5 | 116.8 |
| Camarilla | 113.0 | 113.2 | 113.4 | 113.6 | 113.8 | 114.0 | 114.2 |
| Woodie | 110.2 | 111.0 | 112.5 | 113.3 | 114.8 | 115.6 | 117.1 |
| Fibonacci | 110.9 | 111.8 | 112.3 | 113.2 | 114.1 | 114.6 | 115.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.1 | 110.5 | 113.0 | 116.4 | 118.9 | 122.3 | 124.8 |
| Camarilla | 114.0 | 114.5 | 115.1 | 115.6 | 116.1 | 116.7 | 117.2 |
| Woodie | 106.8 | 110.3 | 112.7 | 116.2 | 118.6 | 122.1 | 124.5 |
| Fibonacci | 110.5 | 112.7 | 114.1 | 116.4 | 118.6 | 120.0 | 122.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.2 | 100.8 | 109.4 | 118.0 | 126.6 | 135.2 | 143.8 |
| Camarilla | 113.2 | 114.8 | 116.3 | 117.9 | 119.5 | 121.1 | 122.6 |
| Woodie | 92.1 | 100.8 | 109.3 | 118.0 | 126.5 | 135.2 | 143.7 |
| Fibonacci | 100.8 | 107.4 | 111.5 | 118.0 | 124.6 | 128.7 | 135.2 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.40 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 17.0 | |
| AROON (14): | 78.6 | |
| DEMA (21): | 112.9 | |
| Parabolic SAR (0,02-0,02-0,2): | 112.1 | |
| Elder Ray (13): | 0.3 | |
| Super Trend (3,10): | 111.7 | |
| Zig ZAG (10): | 113.5 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 71.10 | |
| TEMA (21): | 113.6 | |
| Williams %R (14): | -28.10 | |
| Chande Momentum Oscillator (20): | 1.9 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.20 |
| MA7: | 113.5 | |
| MA20: | 116.9 | |
| MA50: | 115.6 | |
| MA100: | 113.1 | |
| MAexp7: | 113.4 | |
| MAexp20: | 113.0 | |
| MAexp50: | 113.7 | |
| MAexp100: | 115.2 | |
| Price / MA7: | -0% | |
| Price / MA20: | -2.91% | |
| Price / MA50: | -1.82% | |
| Price / MA100: | +0.35% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -1.48% |
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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