Londinia Opportunities Analyses - 11/18/2024 (GMT) G.CATALANA O - 1H
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EUR
(-)
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15 min delayed data - Spain Stocks
| Type: | Stocks |
| Ticker: | GCO |
| ISIN: | ES0116920333 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 37.15 EUR
My targets
36.30 EUR (-1.36%)
34.35 EUR (-6.66%)
My analysis
G.CATALANA O is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 37.15 EUR. The next support located at 36.30 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 34.35 EUR. Below this support, sellers could then target 33.18 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8
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Additional analysis
Quotes
G.CATALANA O rating 36.80 EUR. The price registered a decrease of -0.68% on the session and was traded between 36.70 EUR and 37.05 EUR over the period. The price is currently at +0.27% from its lowest and -0.67% from its highest.36.70
37.05
36.80
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by G.CATALANA O:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of G.CATALANA O indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.18 | 34.35 | 36.30 | 36.80 | 37.15 | 37.55 | 38.00 |
| Change (%) | -9.84% | -6.66% | -1.36% | - | +0.95% | +2.04% | +3.26% |
| Change | -3.62 | -2.45 | -0.50 | - | +0.35 | +0.75 | +1.20 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.38 | 36.62 | 36.83 | 37.07 | 37.28 | 37.52 | 37.73 |
| Camarilla | 36.93 | 36.97 | 37.01 | 37.05 | 37.09 | 37.13 | 37.17 |
| Woodie | 36.38 | 36.61 | 36.83 | 37.06 | 37.28 | 37.51 | 37.73 |
| Fibonacci | 36.62 | 36.79 | 36.90 | 37.07 | 37.24 | 37.35 | 37.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.32 | 36.08 | 36.57 | 37.33 | 37.82 | 38.58 | 39.07 |
| Camarilla | 36.71 | 36.82 | 36.94 | 37.05 | 37.17 | 37.28 | 37.39 |
| Woodie | 35.18 | 36.01 | 36.43 | 37.26 | 37.68 | 38.51 | 38.93 |
| Fibonacci | 36.08 | 36.56 | 36.86 | 37.33 | 37.81 | 38.11 | 38.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.39 | 34.35 | 36.02 | 37.98 | 39.65 | 41.61 | 43.28 |
| Camarilla | 36.70 | 37.04 | 37.37 | 37.70 | 38.03 | 38.37 | 38.70 |
| Woodie | 32.26 | 34.28 | 35.89 | 37.91 | 39.52 | 41.54 | 43.15 |
| Fibonacci | 34.35 | 35.73 | 36.59 | 37.98 | 39.36 | 40.22 | 41.61 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.69 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -17.52 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 36.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.16 | |
| Elder Ray (13): | -0.20 | |
| Super Trend (3,10): | 37.19 | |
| Zig ZAG (10): | 36.75 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 11.87 | |
| TEMA (21): | 36.90 | |
| Williams %R (14): | -91.67 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.04 |
| MA7: | 37.22 | |
| MA20: | 37.48 | |
| MA50: | 38.29 | |
| MA100: | 38.44 | |
| MAexp7: | 36.88 | |
| MAexp20: | 37.02 | |
| MAexp50: | 37.20 | |
| MAexp100: | 37.38 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | -1.81% | |
| Price / MA50: | -3.89% | |
| Price / MA100: | -4.27% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.59% | |
| Price / MAexp50: | -1.08% | |
| Price / MAexp100: | -1.55% |
Quotes :
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