TELEFONICA
TELEFONICA
- EUR (-)
- 15 min delayed data - Spain Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: TEF
ISIN: ES0178430E18

TELEFONICA - 1H - Technical analysis published on 02/14/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 3.634 EUR
My targets
3.790 EUR (+3.73%)
3.874 EUR (+6.02%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TELEFONICA as long as the price remains well above 3.634 EUR. The buyers' bullish objective is set at 3.790 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.874 EUR. If there is any crossing, the next objective would be the resistance located at 4.242 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
0
10
8.6

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The TELEFONICA price is 3.654 EUR. The price registered an increase of +3.34% on the session and was between 3.560 EUR and 3.659 EUR. This implies that the price is at +2.64% from its lowest and at -0.14% from its highest.

3.560
3.659
3.654

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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 results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this TELEFONICA 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 detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

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 these bullish patterns in Japanese candlesticks:

Central Candlesticks

White line without lower shadow

Type : Bullish

Timeframe : 1 hour


Upside gap

Type : Bullish

Timeframe : 1 hour


White marubozu

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3.549 3.585 3.634 3.654 3.662 3.874 4.242
Change (%) -2.87% -1.89% -0.55% - +0.22% +6.02% +16.09%
Change -0.105 -0.069 -0.020 - +0.008 +0.220 +0.588
Level Intermediate Intermediate Intermediate - Minor Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.4633.4933.5143.5443.5653.5953.616
Camarilla3.5223.5273.5313.5363.5413.5453.550
Woodie3.4603.4913.5113.5423.5623.5933.613
Fibonacci3.4933.5123.5243.5443.5633.5753.595


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.2863.3523.4543.5203.6223.6883.790
Camarilla3.5113.5263.5423.5573.5723.5883.603
Woodie3.3053.3613.4733.5293.6413.6973.809
Fibonacci3.3523.4163.4563.5203.5843.6243.688


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.0953.2443.3663.5153.6373.7863.908
Camarilla3.4133.4373.4623.4873.5123.5373.562
Woodie3.0813.2373.3523.5083.6233.7793.894
Fibonacci3.2443.3483.4123.5153.6193.6833.786

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): 77.30
MACD (12,26,9): 0.0120
Directional Movement: 34.439
AROON (14): 100.000
DEMA (21): 3.557
Parabolic SAR (0,02-0,02-0,2): 3.525
Elder Ray (13): 0.058
Super Trend (3,10): 3.532
Zig ZAG (10): 3.655
VORTEX (21): 1.0390
Stochastique (14,3,5): 60.78
TEMA (21): 3.562
Williams %R (14): -5.76
Chande Momentum Oscillator (20): 0.113
Repulse (5,40,3): 3.2780
ROCnROLL: 1
TRIX (15,9): 0.0220
Courbe Coppock: 1.66
MA7: 3.537
MA20: 3.522
MA50: 3.469
MA100: 3.409
MAexp7: 3.563
MAexp20: 3.543
MAexp50: 3.527
MAexp100: 3.519
Price / MA7: +3.31%
Price / MA20: +3.75%
Price / MA50: +5.33%
Price / MA100: +7.19%
Price / MAexp7: +2.55%
Price / MAexp20: +3.13%
Price / MAexp50: +3.60%
Price / MAexp100: +3.84%

Quotes : - 15 min delayed data - Spain Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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