TELEFONICA - 1H - Technical analysis published on 12/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 3.665 EUR
My targets
3.589 EUR (-0.80%)
3.556 EUR (-1.71%)
My analysis
TELEFONICA 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 3.665 EUR. The next support located at 3.589 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 3.556 EUR. Below this support, sellers could then target 3.480 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
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TELEFONICA price is 3.618 EUR. The price registered a decrease of -0.14% on the session with the lowest point at 3.616 EUR and the highest point at 3.650 EUR. The deviation from the price is +0.06% for the low point and -0.88% for the high point.3.616
3.650
3.618
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on TELEFONICA were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of TELEFONICA indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.480 | 3.556 | 3.589 | 3.618 | 3.665 | 3.697 | 3.803 |
| Change (%) | -3.81% | -1.71% | -0.80% | - | +1.30% | +2.18% | +5.11% |
| Change | -0.138 | -0.062 | -0.029 | - | +0.047 | +0.079 | +0.185 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.527 | 3.571 | 3.597 | 3.641 | 3.667 | 3.711 | 3.737 |
| Camarilla | 3.604 | 3.610 | 3.617 | 3.623 | 3.629 | 3.636 | 3.642 |
| Woodie | 3.518 | 3.567 | 3.588 | 3.637 | 3.658 | 3.707 | 3.728 |
| Fibonacci | 3.571 | 3.598 | 3.614 | 3.641 | 3.668 | 3.684 | 3.711 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.263 | 3.441 | 3.533 | 3.711 | 3.803 | 3.981 | 4.073 |
| Camarilla | 3.551 | 3.576 | 3.600 | 3.625 | 3.650 | 3.675 | 3.699 |
| Woodie | 3.220 | 3.420 | 3.490 | 3.690 | 3.760 | 3.960 | 4.030 |
| Fibonacci | 3.441 | 3.544 | 3.608 | 3.711 | 3.814 | 3.878 | 3.981 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.228 | 3.343 | 3.575 | 3.690 | 3.922 | 4.037 | 4.269 |
| Camarilla | 3.711 | 3.742 | 3.774 | 3.806 | 3.838 | 3.870 | 3.901 |
| Woodie | 3.286 | 3.372 | 3.633 | 3.719 | 3.980 | 4.066 | 4.327 |
| Fibonacci | 3.343 | 3.476 | 3.558 | 3.690 | 3.823 | 3.905 | 4.037 |
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): | 42.80 | |
| MACD (12,26,9): | -0.0060 | |
| Directional Movement: | 3.226 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 3.631 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.782 | |
| Elder Ray (13): | -0.012 | |
| Super Trend (3,10): | 3.678 | |
| Zig ZAG (10): | 3.618 | |
| VORTEX (21): | 0.7990 | |
| Stochastique (14,3,5): | 8.80 | |
| TEMA (21): | 3.629 | |
| Williams %R (14): | -95.83 | |
| Chande Momentum Oscillator (20): | -0.042 | |
| Repulse (5,40,3): | -0.4610 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 2.96 |
| MA7: | 3.626 | |
| MA20: | 3.746 | |
| MA50: | 3.648 | |
| MA100: | 3.650 | |
| MAexp7: | 3.626 | |
| MAexp20: | 3.636 | |
| MAexp50: | 3.653 | |
| MAexp100: | 3.687 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -3.42% | |
| Price / MA50: | -0.82% | |
| Price / MA100: | -0.88% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | -1.87% |
Quotes :
-
15 min delayed data
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Spain Stocks
News
The last news published on TELEFONICA at the time of the generation of this analysis was as follows:
- With INA, Sopra Steria and Telefónica are propelling the telecommunications industry into the quantum era and revolutionising network management
- OQ Technology and o2 Telefónica Join Forces for Global 5G IoT Connectivity
- 3Q23 Results: Telefônica Brasil S.A.
- 2Q23 Results: Telefônica Brasil S.A.
- 1Q23 Results: Telefônica Brasil S.A.
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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