TEC.REUNIDAS - Daily - Technical analysis published on 08/23/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 6.799 EUR
My targets
5.910 EUR (-6.19%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on TEC.REUNIDAS. As long as you are under the resistance located at 6.799 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.910 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 6.799 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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 TEC.REUNIDAS rating is 6.300 EUR. On the day, this instrument gained +3.53% with the lowest point at 6.100 EUR and the highest point at 6.300 EUR. The deviation from the price is +3.28% for the low point and 0% for the high point.6.100
6.300
6.300
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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TEC.REUNIDAS chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5.910 | 6.249 | 6.300 | 6.799 | 8.682 | 9.925 |
| Change (%) | -6.19% | -0.81% | - | +7.92% | +37.81% | +57.54% |
| Change | -0.390 | -0.051 | - | +0.499 | +2.382 | +3.625 |
| Level | Major | Intermediate | - | Major | Intermediate | Intermediate |
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 | 5.700 | 5.805 | 5.945 | 6.050 | 6.190 | 6.295 | 6.435 |
| Camarilla | 6.018 | 6.040 | 6.063 | 6.085 | 6.108 | 6.130 | 6.152 |
| Woodie | 5.718 | 5.814 | 5.963 | 6.059 | 6.208 | 6.304 | 6.453 |
| Fibonacci | 5.805 | 5.899 | 5.956 | 6.050 | 6.144 | 6.201 | 6.295 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.783 | 5.937 | 6.058 | 6.212 | 6.333 | 6.487 | 6.608 |
| Camarilla | 6.104 | 6.130 | 6.155 | 6.180 | 6.205 | 6.230 | 6.256 |
| Woodie | 5.768 | 5.929 | 6.043 | 6.204 | 6.318 | 6.479 | 6.593 |
| Fibonacci | 5.937 | 6.042 | 6.107 | 6.212 | 6.317 | 6.382 | 6.487 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.888 | 5.497 | 5.983 | 6.592 | 7.078 | 7.687 | 8.173 |
| Camarilla | 6.169 | 6.269 | 6.370 | 6.470 | 6.570 | 6.671 | 6.771 |
| Woodie | 4.828 | 5.466 | 5.923 | 6.561 | 7.018 | 7.656 | 8.113 |
| Fibonacci | 5.497 | 5.915 | 6.173 | 6.592 | 7.010 | 7.268 | 7.687 |
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): | 48.24 | |
| MACD (12,26,9): | -0.1410 | |
| Directional Movement: | -8.243 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 6.013 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.847 | |
| Elder Ray (13): | -0.001 | |
| Super Trend (3,10): | 6.729 | |
| Zig ZAG (10): | 6.300 | |
| VORTEX (21): | 0.9830 | |
| Stochastique (14,3,5): | 72.40 | |
| TEMA (21): | 6.200 | |
| Williams %R (14): | -10.32 | |
| Chande Momentum Oscillator (20): | 0.280 | |
| Repulse (5,40,3): | 4.4340 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4580 | |
| Courbe Coppock: | 3.21 |
| MA7: | 6.214 | |
| MA20: | 6.167 | |
| MA50: | 6.746 | |
| MA100: | 7.668 | |
| MAexp7: | 6.204 | |
| MAexp20: | 6.254 | |
| MAexp50: | 6.753 | |
| MAexp100: | 7.262 | |
| Price / MA7: | +1.38% | |
| Price / MA20: | +2.16% | |
| Price / MA50: | -6.61% | |
| Price / MA100: | -17.84% | |
| Price / MAexp7: | +1.55% | |
| Price / MAexp20: | +0.74% | |
| Price / MAexp50: | -6.71% | |
| Price / MAexp100: | -13.25% |
Quotes :
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15 min delayed data
-
Spain Stocks
News
Don't forget to follow the news on TEC.REUNIDAS. At the time of publication of this analysis, the latest news was as follows:
- CB&I Wins Storage Project in Saudi Arabia
- Técnicas Reunidas Improves Materials Management with Intergraph Smart® Materials Portal
-
Tecnicas Reunidas
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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