CAIXABANK - 1H - Technical analysis published on 11/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 5.514 EUR
My targets
5.384 EUR (-1.50%)
5.325 EUR (-2.58%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAIXABANK as long as the price remains well below 5.514 EUR. The sellers' bearish objective is set at 5.384 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.325 EUR. In case of crossing, the next objective would be the support located at 5.272 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.4
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
The CAIXABANK rating is 5.466 EUR. The price has increased by +1.41% since the last closing and was between 5.456 EUR and 5.494 EUR. This implies that the price is at +0.18% from its lowest and at -0.51% from its highest.5.456
5.494
5.466
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 1H chart of CAIXABANK indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.325 | 5.384 | 5.448 | 5.466 | 5.514 | 5.586 | 5.690 |
| Change (%) | -2.58% | -1.50% | -0.33% | - | +0.88% | +2.20% | +4.10% |
| Change | -0.141 | -0.082 | -0.018 | - | +0.048 | +0.120 | +0.224 |
| Level | Minor | Minor | Minor | - | Major | Minor | 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 | 4.981 | 5.155 | 5.273 | 5.447 | 5.565 | 5.739 | 5.857 |
| Camarilla | 5.310 | 5.337 | 5.363 | 5.390 | 5.417 | 5.444 | 5.470 |
| Woodie | 4.952 | 5.141 | 5.244 | 5.433 | 5.536 | 5.725 | 5.828 |
| Fibonacci | 5.155 | 5.267 | 5.336 | 5.447 | 5.559 | 5.628 | 5.739 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.303 | 5.369 | 5.489 | 5.555 | 5.675 | 5.741 | 5.861 |
| Camarilla | 5.557 | 5.574 | 5.591 | 5.608 | 5.625 | 5.642 | 5.659 |
| Woodie | 5.329 | 5.383 | 5.515 | 5.569 | 5.701 | 5.755 | 5.887 |
| Fibonacci | 5.369 | 5.440 | 5.484 | 5.555 | 5.626 | 5.670 | 5.741 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.503 | 4.701 | 5.074 | 5.272 | 5.645 | 5.843 | 6.216 |
| Camarilla | 5.291 | 5.343 | 5.396 | 5.448 | 5.500 | 5.553 | 5.605 |
| Woodie | 4.592 | 4.745 | 5.163 | 5.316 | 5.734 | 5.887 | 6.305 |
| Fibonacci | 4.701 | 4.919 | 5.054 | 5.272 | 5.490 | 5.625 | 5.843 |
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): | 33.99 | |
| MACD (12,26,9): | -0.0510 | |
| Directional Movement: | -15.719 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 5.436 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.526 | |
| Elder Ray (13): | -0.065 | |
| Super Trend (3,10): | 5.541 | |
| Zig ZAG (10): | 5.390 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 14.63 | |
| TEMA (21): | 5.385 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.244 | |
| Repulse (5,40,3): | -0.5960 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0540 | |
| Courbe Coppock: | 7.99 |
| MA7: | 5.527 | |
| MA20: | 5.479 | |
| MA50: | 5.347 | |
| MA100: | 5.236 | |
| MAexp7: | 5.412 | |
| MAexp20: | 5.488 | |
| MAexp50: | 5.524 | |
| MAexp100: | 5.523 | |
| Price / MA7: | -1.10% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | +2.23% | |
| Price / MA100: | +4.39% | |
| Price / MAexp7: | +1.00% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -1.05% | |
| Price / MAexp100: | -1.03% |
Quotes :
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15 min delayed data
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Spain Stocks
News
The latest news and videos published on CAIXABANK at the time of the analysis were as follows:
- CAIXA ECONÔMICA FEDERAL: NET INCOME OF R$ 7.8 BILLION IN 9M23 AND R$ 3.2 BILLION IN 3Q23
- CAIXA ANNOUNCES RECURRING NET INCOME OF R$ 1.9 BILLION IN 1Q23.
- CAIXA's Net Income reached R$14.1 billion in 9M21, up by 87.4% over 9M20, and R$ 3.2 billion in 3Q21, up by 69.7% over 3Q20
- CaixaBank, together with fraud prevention start-up Revelock, is developing an artificial intelligence solution to reinforce digital security
- CaixaBank boosts digital capabilities with IBM Cloud for Financial Services; Onboards to New IBM Cloud Multizone Region in Spain
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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