Londinia Opportunities Analyses - 11/19/2024 (GMT) ENDESA - 1H
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EUR
(-)
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15 min delayed data - Spain Stocks
| Type: | Stocks |
| Ticker: | ELE |
| ISIN: | ES0130670112 |
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 bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 19.818 EUR
My targets
20.062 EUR (+0.66%)
20.333 EUR (+2.02%)
My analysis
ENDESA is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 19.818 EUR. The next resistance located at 20.062 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 20.333 EUR. After this resistance, buyers could then target 20.797 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8.2
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Additional analysis
Quotes
ENDESA rating 19.930 EUR. The price registered an increase of +0.73% on the session and was between 19.745 EUR and 19.970 EUR. This implies that the price is at +0.94% from its lowest and at -0.20% from its highest.19.745
19.970
19.930
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ENDESA chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 19.392 | 19.641 | 19.818 | 19.930 | 19.985 |
| Change (%) | -2.70% | -1.45% | -0.56% | - | +0.28% |
| Change | -0.538 | -0.289 | -0.112 | - | +0.055 |
| Level | Intermediate | Minor | Intermediate | - | Major |
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 | 19.350 | 19.495 | 19.640 | 19.785 | 19.930 | 20.075 | 20.220 |
| Camarilla | 19.705 | 19.732 | 19.758 | 19.785 | 19.812 | 19.838 | 19.865 |
| Woodie | 19.350 | 19.495 | 19.640 | 19.785 | 19.930 | 20.075 | 20.220 |
| Fibonacci | 19.495 | 19.606 | 19.674 | 19.785 | 19.896 | 19.964 | 20.075 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.592 | 18.863 | 19.327 | 19.598 | 20.062 | 20.333 | 20.797 |
| Camarilla | 19.588 | 19.655 | 19.723 | 19.790 | 19.857 | 19.925 | 19.992 |
| Woodie | 18.688 | 18.911 | 19.423 | 19.646 | 20.158 | 20.381 | 20.893 |
| Fibonacci | 18.863 | 19.144 | 19.318 | 19.598 | 19.879 | 20.053 | 20.333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.680 | 18.175 | 18.990 | 19.485 | 20.300 | 20.795 | 21.610 |
| Camarilla | 19.445 | 19.565 | 19.685 | 19.805 | 19.925 | 20.045 | 20.165 |
| Woodie | 17.840 | 18.255 | 19.150 | 19.565 | 20.460 | 20.875 | 21.770 |
| Fibonacci | 18.175 | 18.675 | 18.985 | 19.485 | 19.985 | 20.295 | 20.795 |
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): | 58.52 | |
| MACD (12,26,9): | 0.0720 | |
| Directional Movement: | 10.061 | |
| AROON (14): | 35.715 | |
| DEMA (21): | 19.908 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.699 | |
| Elder Ray (13): | 0.043 | |
| Super Trend (3,10): | 19.645 | |
| Zig ZAG (10): | 19.895 | |
| VORTEX (21): | 1.0140 | |
| Stochastique (14,3,5): | 80.81 | |
| TEMA (21): | 19.915 | |
| Williams %R (14): | -22.73 | |
| Chande Momentum Oscillator (20): | 0.150 | |
| Repulse (5,40,3): | 0.1240 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0530 | |
| Courbe Coppock: | 0.75 |
| MA7: | 19.630 | |
| MA20: | 19.651 | |
| MA50: | 19.584 | |
| MA100: | 18.960 | |
| MAexp7: | 19.882 | |
| MAexp20: | 19.811 | |
| MAexp50: | 19.691 | |
| MAexp100: | 19.625 | |
| Price / MA7: | +1.53% | |
| Price / MA20: | +1.42% | |
| Price / MA50: | +1.77% | |
| Price / MA100: | +5.12% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +1.21% | |
| Price / MAexp100: | +1.55% |
Quotes :
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15 min delayed data
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Actions Espagne
News
The latest news and videos published on ENDESA at the time of the analysis were as follows:
Endesa