TEC.REUNIDAS - Daily - Technical analysis published on 04/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 9.323 EUR
My targets
8.240 EUR (-3.85%)
7.677 EUR (-10.42%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TEC.REUNIDAS as long as the price remains well below 9.323 EUR. The sellers' bearish objective is set at 8.240 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.677 EUR. In case of crossing, the next objective would be the support located at 6.185 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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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 price is 8.570 EUR. On the day, this instrument gained +10.08% with the lowest point at 7.800 EUR and the highest point at 8.580 EUR. The deviation from the price is +9.87% for the low point and -0.12% for the high point.7.800
8.580
8.570
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of TEC.REUNIDAS in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 6.185 | 7.677 | 8.240 | 8.570 | 9.323 | 10.267 | 11.092 |
| Change (%) | -27.83% | -10.42% | -3.85% | - | +8.79% | +19.80% | +29.43% |
| Change | -2.385 | -0.893 | -0.330 | - | +0.753 | +1.697 | +2.522 |
| Level | Major | Major | Major | - | Major | Intermediate | Minor |
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 | 7.533 | 7.622 | 7.703 | 7.792 | 7.873 | 7.962 | 8.043 |
| Camarilla | 7.738 | 7.754 | 7.769 | 7.785 | 7.801 | 7.816 | 7.832 |
| Woodie | 7.530 | 7.620 | 7.700 | 7.790 | 7.870 | 7.960 | 8.040 |
| Fibonacci | 7.622 | 7.687 | 7.727 | 7.792 | 7.857 | 7.897 | 7.962 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.065 | 6.525 | 7.160 | 7.620 | 8.255 | 8.715 | 9.350 |
| Camarilla | 7.494 | 7.594 | 7.695 | 7.795 | 7.895 | 7.996 | 8.096 |
| Woodie | 6.153 | 6.569 | 7.248 | 7.664 | 8.343 | 8.759 | 9.438 |
| Fibonacci | 6.525 | 6.943 | 7.202 | 7.620 | 8.038 | 8.297 | 8.715 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.285 | 6.887 | 8.072 | 9.674 | 10.859 | 12.461 | 13.646 |
| Camarilla | 8.492 | 8.747 | 9.003 | 9.258 | 9.514 | 9.769 | 10.024 |
| Woodie | 5.078 | 6.783 | 7.865 | 9.570 | 10.652 | 12.357 | 13.439 |
| Fibonacci | 6.887 | 7.951 | 8.609 | 9.674 | 10.738 | 11.396 | 12.461 |
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): | 42.59 | |
| MACD (12,26,9): | -0.5020 | |
| Directional Movement: | -18.101 | |
| AROON (14): | -21.429 | |
| DEMA (21): | 8.139 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.297 | |
| Elder Ray (13): | -0.342 | |
| Super Trend (3,10): | 9.184 | |
| Zig ZAG (10): | 8.435 | |
| VORTEX (21): | 0.8910 | |
| Stochastique (14,3,5): | 39.88 | |
| TEMA (21): | 7.808 | |
| Williams %R (14): | -43.32 | |
| Chande Momentum Oscillator (20): | -0.383 | |
| Repulse (5,40,3): | 10.3260 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6570 | |
| Courbe Coppock: | 22.12 |
| MA7: | 8.066 | |
| MA20: | 8.800 | |
| MA50: | 9.620 | |
| MA100: | 9.332 | |
| MAexp7: | 8.212 | |
| MAexp20: | 8.754 | |
| MAexp50: | 9.223 | |
| MAexp100: | 9.034 | |
| Price / MA7: | +6.25% | |
| Price / MA20: | -2.61% | |
| Price / MA50: | -10.91% | |
| Price / MA100: | -8.17% | |
| Price / MAexp7: | +4.36% | |
| Price / MAexp20: | -2.10% | |
| Price / MAexp50: | -7.08% | |
| Price / MAexp100: | -5.14% |
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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