TERNA - Daily - Technical analysis published on 06/26/2023 (GMT)
- 136
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
17%
50%
33%
My opinion
Neutral between 7.267 EUR and 7.790 EUR
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 7.267 EUR. The first resistance is located at 7.790 EUR. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by TERNA.
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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 TERNA rating is 7.600 EUR. On the day, this instrument lost -0.13% with the lowest point at 7.556 EUR and the highest point at 7.652 EUR. The deviation from the price is +0.58% for the low point and -0.68% for the high point.7.556
7.652
7.600
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TERNA:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 Daily chart of TERNA indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.760 | 7.061 | 7.267 | 7.600 | 7.790 |
| Change (%) | -11.05% | -7.09% | -4.38% | - | +2.50% |
| Change | -0.840 | -0.539 | -0.333 | - | +0.190 |
| Level | Intermediate | Minor | Major | - | Major |
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 | 7.470 | 7.530 | 7.570 | 7.630 | 7.670 | 7.730 | 7.770 |
| Camarilla | 7.583 | 7.592 | 7.601 | 7.610 | 7.619 | 7.628 | 7.638 |
| Woodie | 7.460 | 7.525 | 7.560 | 7.625 | 7.660 | 7.725 | 7.760 |
| Fibonacci | 7.530 | 7.568 | 7.592 | 7.630 | 7.668 | 7.692 | 7.730 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.199 | 7.393 | 7.501 | 7.695 | 7.803 | 7.997 | 8.105 |
| Camarilla | 7.527 | 7.555 | 7.582 | 7.610 | 7.638 | 7.665 | 7.693 |
| Woodie | 7.157 | 7.372 | 7.459 | 7.674 | 7.761 | 7.976 | 8.063 |
| Fibonacci | 7.393 | 7.508 | 7.579 | 7.695 | 7.810 | 7.881 | 7.997 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.708 | 7.052 | 7.341 | 7.685 | 7.974 | 8.318 | 8.607 |
| Camarilla | 7.455 | 7.513 | 7.571 | 7.629 | 7.687 | 7.745 | 7.803 |
| Woodie | 6.680 | 7.038 | 7.313 | 7.671 | 7.946 | 8.304 | 8.579 |
| Fibonacci | 7.052 | 7.294 | 7.444 | 7.685 | 7.927 | 8.077 | 8.318 |
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): | 41.48 | |
| MACD (12,26,9): | 0.0040 | |
| Directional Movement: | -5.925 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 7.728 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.926 | |
| Elder Ray (13): | -0.105 | |
| Super Trend (3,10): | 7.895 | |
| Zig ZAG (10): | 7.606 | |
| VORTEX (21): | 1.0660 | |
| Stochastique (14,3,5): | 12.06 | |
| TEMA (21): | 7.692 | |
| Williams %R (14): | -86.98 | |
| Chande Momentum Oscillator (20): | -0.138 | |
| Repulse (5,40,3): | -1.6190 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0510 | |
| Courbe Coppock: | 0.36 |
| MA7: | 7.714 | |
| MA20: | 7.730 | |
| MA50: | 7.678 | |
| MA100: | 7.445 | |
| MAexp7: | 7.682 | |
| MAexp20: | 7.711 | |
| MAexp50: | 7.641 | |
| MAexp100: | 7.492 | |
| Price / MA7: | -1.48% | |
| Price / MA20: | -1.68% | |
| Price / MA50: | -1.02% | |
| Price / MA100: | +2.08% | |
| Price / MAexp7: | -1.07% | |
| Price / MAexp20: | -1.44% | |
| Price / MAexp50: | -0.54% | |
| Price / MAexp100: | +1.44% |
Quotes :
-
15 min delayed data
-
Italy Stocks
News
The last news published on TERNA at the time of the generation of this analysis was as follows:
Terna EnergyThis 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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