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

- EUR (-)

- 15 min delayed data - Spain Stocks

Type:	Stocks
Ticker:	CLNX
ISIN:	ES0105066007

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

78%

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

8.2

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

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.

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:

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:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

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:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	34.24	34.62	34.81	35.19	35.38	35.76	35.95
Camarilla	34.84	34.90	34.95	35.00	35.05	35.11	35.16
Woodie	34.15	34.57	34.72	35.14	35.29	35.71	35.86
Fibonacci	34.62	34.84	34.97	35.19	35.41	35.54	35.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.25	33.62	34.38	34.75	35.51	35.88	36.64
Camarilla	34.82	34.92	35.03	35.13	35.23	35.34	35.44
Woodie	33.44	33.72	34.57	34.85	35.70	35.98	36.83
Fibonacci	33.62	34.06	34.32	34.75	35.19	35.45	35.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.50	28.42	30.30	32.22	34.10	36.02	37.90
Camarilla	31.14	31.48	31.83	32.18	32.53	32.88	33.23
Woodie	26.48	28.41	30.28	32.21	34.08	36.01	37.88
Fibonacci	28.42	29.87	30.77	32.22	33.67	34.57	36.02

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

News

Don't forget to follow the news on CELLNEX. At the time of publication of this analysis, the latest news was as follows: