Londinia Opportunities Analyses - 08/30/2024 (GMT) CELLNEX - 1H

CELLNEX
- EUR (-)
- 15 min delayed data - Spain Stocks
Type: Stocks
Ticker: CLNX
ISIN: ES0105066007

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
78%
11%
11%
My opinion
Bullish above 35.26 EUR
My targets
35.80 EUR (+0.87%)
36.72 EUR (+3.47%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CELLNEX as long as the price remains well above 35.26 EUR. The buyers' bullish objective is set at 35.80 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 36.72 EUR. If there is any crossing, the next objective would be the resistance located at 43.50 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2

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Additional analysis

Quotes

The CELLNEX rating is 35.49 EUR. The price registered an increase of +1.40% on the session and was between 35.01 EUR and 35.50 EUR. This implies that the price is at +1.37% from its lowest and at -0.03% from its highest.

35.01
35.50
35.49

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


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

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

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 33.78 34.46 35.26 35.49 35.80 36.72 43.50
Change (%) -4.82% -2.90% -0.65% - +0.87% +3.47% +22.57%
Change -1.71 -1.03 -0.23 - +0.31 +1.23 +8.01
Level Intermediate Major Major - Major Major Minor



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
Standard34.2434.6234.8135.1935.3835.7635.95
Camarilla34.8434.9034.9535.0035.0535.1135.16
Woodie34.1534.5734.7235.1435.2935.7135.86
Fibonacci34.6234.8434.9735.1935.4135.5435.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard33.2533.6234.3834.7535.5135.8836.64
Camarilla34.8234.9235.0335.1335.2335.3435.44
Woodie33.4433.7234.5734.8535.7035.9836.83
Fibonacci33.6234.0634.3234.7535.1935.4535.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard26.5028.4230.3032.2234.1036.0237.90
Camarilla31.1431.4831.8332.1832.5332.8833.23
Woodie26.4828.4130.2832.2134.0836.0137.88
Fibonacci28.4229.8730.7732.2233.6734.5736.02

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): 56.86
MACD (12,26,9): 0.0200
Directional Movement: 0.97
AROON (14): -50.00
DEMA (21): 35.40
Parabolic SAR (0,02-0,02-0,2): 35.02
Elder Ray (13): 0.12
Super Trend (3,10): 35.51
Zig ZAG (10): 35.49
VORTEX (21): 1.0000
Stochastique (14,3,5): 79.53
TEMA (21): 35.33
Williams %R (14): -15.79
Chande Momentum Oscillator (20): 0.02
Repulse (5,40,3): 0.3500
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.94
MA7: 35.15
MA20: 34.44
MA50: 32.95
MA100: 32.84
MAexp7: 35.37
MAexp20: 35.36
MAexp50: 35.21
MAexp100: 34.87
Price / MA7: +0.97%
Price / MA20: +3.05%
Price / MA50: +7.71%
Price / MA100: +8.07%
Price / MAexp7: +0.34%
Price / MAexp20: +0.37%
Price / MAexp50: +0.80%
Price / MAexp100: +1.78%

Quotes : - 15 min delayed data - Actions Espagne