Londinia Opportunities Analyses - 05/03/2024 (GMT) GESTAMP - 1H

- EUR (-)

- 15 min delayed data - Spain Stocks

Type:	Stocks
Ticker:	GEST
ISIN:	ES0105223004

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.915 EUR

My targets

3.005 EUR (+2.21%)

3.180 EUR (+8.16%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GESTAMP as long as the price remains well above 2.915 EUR. The buyers' bullish objective is set at 3.005 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.180 EUR. If there is any crossing, the next objective would be the resistance located at 3.332 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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.

Additional analysis

Quotes

GESTAMP rating 2.940 EUR. On the day, this instrument gained +1.03% and was traded between 2.885 EUR and 2.940 EUR over the period. The price is currently at +1.91% from its lowest and 0% from its highest.

2.885

2.940

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GESTAMP chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.870	2.915	2.940	2.940	3.005	3.180	3.332
Change (%)	-2.38%	-0.85%	0%	-	+2.21%	+8.16%	+13.33%
Change	-0.070	-0.025	0	-	+0.065	+0.240	+0.392
Level	Intermediate	Intermediate	Major	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.755	2.790	2.850	2.885	2.945	2.980	3.040
Camarilla	2.884	2.893	2.901	2.910	2.919	2.927	2.936
Woodie	2.768	2.796	2.863	2.891	2.958	2.986	3.053
Fibonacci	2.790	2.826	2.849	2.885	2.921	2.944	2.980

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.673	2.712	2.758	2.797	2.843	2.882	2.928
Camarilla	2.782	2.789	2.797	2.805	2.813	2.821	2.828
Woodie	2.678	2.714	2.763	2.799	2.848	2.884	2.933
Fibonacci	2.712	2.744	2.764	2.797	2.829	2.849	2.882

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.407	2.563	2.692	2.848	2.977	3.133	3.262
Camarilla	2.742	2.768	2.794	2.820	2.846	2.872	2.898
Woodie	2.393	2.556	2.678	2.841	2.963	3.126	3.248
Fibonacci	2.563	2.672	2.740	2.848	2.957	3.025	3.133

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):	65.04
MACD (12,26,9):	0.0200
Directional Movement:	15.873
AROON (14):	100.000
DEMA (21):	2.918
Parabolic SAR (0,02-0,02-0,2):	2.849
Elder Ray (13):	0.022
Super Trend (3,10):	2.866
Zig ZAG (10):	2.935
VORTEX (21):	1.0570
Stochastique (14,3,5):	92.54
TEMA (21):	2.926
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.070
Repulse (5,40,3):	1.2910
ROCnROLL:	1
TRIX (15,9):	0.0840
Courbe Coppock:	5.17

MA7:	2.849
MA20:	2.849
MA50:	2.906
MA100:	3.066
MAexp7:	2.916
MAexp20:	2.892
MAexp50:	2.863
MAexp100:	2.849
Price / MA7:	+3.19%
Price / MA20:	+3.19%
Price / MA50:	+1.17%
Price / MA100:	-4.11%
Price / MAexp7:	+0.82%
Price / MAexp20:	+1.66%
Price / MAexp50:	+2.69%
Price / MAexp100:	+3.19%

Quotes : - 15 min delayed data - Actions Espagne