TELEFONICA

20,180.45 EUR (+2.16%)

03/24/2025 - 19:59 Closed 15 min delayed data - Spain Stocks

Open:	20,041.21
Change:	+426.49
Volume:	8,123,632

Low:	20,024.97
High:	20,208.84
High / Low range:	183.87

Type:	Stocks
Ticker:	TEF
ISIN:	ES0178430E18

TELEFONICA - 1H - Technical analysis published on 02/29/2024 (GMT)

164
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02/29/2024 - 12:25
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Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on 02/29/2024 - 12:25
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 3.732 EUR

My targets

3.874 EUR (+1.60%)

3.936 EUR (+3.23%)

My analysis

The basic bullish trend is very strong on TELEFONICA but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 3.732 EUR. Crossing the first resistance at 3.874 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 3.936 EUR as an objective. Crossing it would then enable buyers to target 4.400 EUR. Caution, a return to below 3.732 EUR would be a sign of a consolidation phase in the short-term basic trend. 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.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

4.3

Comment on the analysis

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

TELEFONICA rating 3.813 EUR. On the day, this instrument lost -0.39% with the lowest point at 3.790 EUR and the highest point at 3.842 EUR. The deviation from the price is +0.61% for the low point and -0.75% for the high point.

3.790

3.842

3.813

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of TELEFONICA indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner found this result concerning these indicators:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.553	3.638	3.732	3.813	3.817	3.874	3.936
Change (%)	-6.82%	-4.59%	-2.12%	-	+0.10%	+1.60%	+3.23%
Change	-0.260	-0.175	-0.081	-	+0.004	+0.061	+0.123
Level	Major	Minor	Intermediate	-	Major	Intermediate	Intermediate

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	3.743	3.779	3.803	3.839	3.863	3.899	3.923
Camarilla	3.812	3.817	3.823	3.828	3.834	3.839	3.845
Woodie	3.738	3.776	3.798	3.836	3.858	3.896	3.918
Fibonacci	3.779	3.802	3.816	3.839	3.862	3.876	3.899

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.410	3.489	3.633	3.712	3.856	3.935	4.079
Camarilla	3.715	3.735	3.756	3.776	3.796	3.817	3.837
Woodie	3.442	3.505	3.665	3.728	3.888	3.951	4.111
Fibonacci	3.489	3.575	3.627	3.712	3.798	3.850	3.935

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.270	3.405	3.588	3.723	3.906	4.041	4.224
Camarilla	3.683	3.712	3.741	3.770	3.799	3.828	3.858
Woodie	3.293	3.417	3.611	3.735	3.929	4.053	4.247
Fibonacci	3.405	3.527	3.602	3.723	3.845	3.920	4.041

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):	54.20
MACD (12,26,9):	0.0100
Directional Movement:	5.991
AROON (14):	-71.428
DEMA (21):	3.827
Parabolic SAR (0,02-0,02-0,2):	3.856
Elder Ray (13):	0.001
Super Trend (3,10):	3.858
Zig ZAG (10):	3.813
VORTEX (21):	1.0980
Stochastique (14,3,5):	20.59
TEMA (21):	3.817
Williams %R (14):	-72.62
Chande Momentum Oscillator (20):	-0.050
Repulse (5,40,3):	-0.0220
ROCnROLL:	-1
TRIX (15,9):	0.0630
Courbe Coppock:	0.13

MA7:	3.776
MA20:	3.669
MA50:	3.694
MA100:	3.675
MAexp7:	3.812
MAexp20:	3.811
MAexp50:	3.776
MAexp100:	3.734
Price / MA7:	+0.98%
Price / MA20:	+3.92%
Price / MA50:	+3.22%
Price / MA100:	+3.76%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.98%
Price / MAexp100:	+2.12%

Quotes : 02/29/2024 - 12:08 - 15 min delayed data - Spain Stocks

News

Don't forget to follow the news on TELEFONICA. At the time of publication of this analysis, the latest news was as follows:

02/29/2024 - 09:52 ZTE pioneers innovative green solution for zero-carbon communication for Telefónica Germany
02/22/2024 - 22:29 TELEFÔNICA BRASIL S.A. ANNOUNCES THE FILING OF ITS ANNUAL REPORT ON FORM 20-F FOR FISCAL YEAR 2023
02/20/2024 - 22:41 4Q23 and 2023 Results: Telefônica Brasil S.A.
01/24/2024 - 12:00 Telefónica and Nova Labs launch Helium Mobile Hotspots in Mexico
11/17/2023 - 11:50 With INA, Sopra Steria and Telefónica are propelling the telecommunications industry into the quantum era and revolutionising network management

This member declared not having a position on this financial instrument or a related financial instrument.

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