B. SABADELL - Daily - Technical analysis published on 07/07/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 0.9947 EUR
My targets
1.1344 EUR (+5.43%)
1.1898 EUR (+10.58%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on B. SABADELL. This is a positive signal for buyers. As long as the price remains above 0.9947 EUR, a purchase could be considered. The first bullish objective is located at 1.1344 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.1898 EUR as an objective. Crossing it would then enable buyers to target 1.3010 EUR. In the event of a return below 0.9947 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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Additional analysis
Quotes
B. SABADELL rating 1.0760 EUR. On the day, this instrument gained +1.65% and was between 1.0580 EUR and 1.0770 EUR. This implies that the price is at +1.70% from its lowest and at -0.09% from its highest.1.0580
1.0770
1.0760
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of B. SABADELL in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 0.8054 | 0.8568 | 0.9947 | 1.0760 | 1.0785 | 1.1344 | 1.1898 |
| Change (%) | -25.15% | -20.37% | -7.56% | - | +0.23% | +5.43% | +10.58% |
| Change | -0.2706 | -0.2192 | -0.0813 | - | +0.0025 | +0.0584 | +0.1138 |
| Level | Minor | Major | Major | - | Major | Minor | 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 | 1.0273 | 1.0402 | 1.0493 | 1.0622 | 1.0713 | 1.0842 | 1.0933 |
| Camarilla | 1.0525 | 1.0545 | 1.0565 | 1.0585 | 1.0605 | 1.0625 | 1.0646 |
| Woodie | 1.0255 | 1.0393 | 1.0475 | 1.0613 | 1.0695 | 1.0833 | 1.0915 |
| Fibonacci | 1.0402 | 1.0486 | 1.0538 | 1.0622 | 1.0706 | 1.0758 | 1.0842 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8823 | 0.9245 | 0.9892 | 1.0314 | 1.0961 | 1.1383 | 1.2030 |
| Camarilla | 1.0246 | 1.0344 | 1.0442 | 1.0540 | 1.0638 | 1.0736 | 1.0834 |
| Woodie | 0.8937 | 0.9301 | 1.0006 | 1.0370 | 1.1075 | 1.1439 | 1.2144 |
| Fibonacci | 0.9245 | 0.9653 | 0.9905 | 1.0314 | 1.0722 | 1.0974 | 1.1383 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8230 | 0.8770 | 0.9655 | 1.0195 | 1.1080 | 1.1620 | 1.2505 |
| Camarilla | 1.0148 | 1.0279 | 1.0409 | 1.0540 | 1.0671 | 1.0801 | 1.0932 |
| Woodie | 0.8403 | 0.8856 | 0.9828 | 1.0281 | 1.1253 | 1.1706 | 1.2678 |
| Fibonacci | 0.8770 | 0.9314 | 0.9651 | 1.0195 | 1.0739 | 1.1076 | 1.1620 |
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): | 63.49 | |
| MACD (12,26,9): | 0.0233 | |
| Directional Movement: | 8.4815 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.0656 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0168 | |
| Elder Ray (13): | 0.0181 | |
| Super Trend (3,10): | 1.0054 | |
| Zig ZAG (10): | 1.0750 | |
| VORTEX (21): | 1.0592 | |
| Stochastique (14,3,5): | 76.71 | |
| TEMA (21): | 1.0791 | |
| Williams %R (14): | -18.13 | |
| Chande Momentum Oscillator (20): | 0.0400 | |
| Repulse (5,40,3): | 1.8240 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2992 | |
| Courbe Coppock: | 9.88 |
| MA7: | 1.0666 | |
| MA20: | 1.0329 | |
| MA50: | 0.9817 | |
| MA100: | 1.0318 | |
| MAexp7: | 1.0620 | |
| MAexp20: | 1.0366 | |
| MAexp50: | 1.0133 | |
| MAexp100: | 0.9972 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | +4.17% | |
| Price / MA50: | +9.61% | |
| Price / MA100: | +4.28% | |
| Price / MAexp7: | +1.32% | |
| Price / MAexp20: | +3.80% | |
| Price / MAexp50: | +6.19% | |
| Price / MAexp100: | +7.90% |
Quotes :
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15 min delayed data
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Spain Stocks
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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