BERKELEY ENERGIA - 1H - Technical analysis published on 09/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.2195 EUR
My targets
0.2301 EUR (+3.18%)
0.2339 EUR (+4.89%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BERKELEY ENERGIA as long as the price remains well above 0.2195 EUR. The buyers' bullish objective is set at 0.2301 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.2339 EUR. If there is any crossing, the next objective would be the resistance located at 0.2485 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.2301 EUR. On this resistance, against the trend traders who would like to go short on BERKELEY ENERGIA with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.7
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Additional analysis
Quotes
BERKELEY ENERGIA rating 0.2230 EUR. The price has increased by +5.19% since the last closing with the lowest point at 0.2125 EUR and the highest point at 0.2265 EUR. The deviation from the price is +4.94% for the low point and -1.55% for the high point.0.2125
0.2265
0.2230
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BERKELEY ENERGIA chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.1616 | 0.2102 | 0.2195 | 0.2230 | 0.2301 | 0.2339 | 0.2485 |
| Change (%) | -27.53% | -5.74% | -1.57% | - | +3.18% | +4.89% | +11.43% |
| Change | -0.0614 | -0.0128 | -0.0035 | - | +0.0071 | +0.0109 | +0.0255 |
| Level | Intermediate | Major | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1895 | 0.1970 | 0.2045 | 0.2120 | 0.2195 | 0.2270 | 0.2345 |
| Camarilla | 0.2079 | 0.2093 | 0.2106 | 0.2120 | 0.2134 | 0.2148 | 0.2161 |
| Woodie | 0.1895 | 0.1970 | 0.2045 | 0.2120 | 0.2195 | 0.2270 | 0.2345 |
| Fibonacci | 0.1970 | 0.2027 | 0.2063 | 0.2120 | 0.2177 | 0.2213 | 0.2270 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1727 | 0.1908 | 0.2007 | 0.2188 | 0.2287 | 0.2468 | 0.2567 |
| Camarilla | 0.2028 | 0.2054 | 0.2079 | 0.2105 | 0.2131 | 0.2156 | 0.2182 |
| Woodie | 0.1685 | 0.1888 | 0.1965 | 0.2168 | 0.2245 | 0.2448 | 0.2525 |
| Fibonacci | 0.1908 | 0.2015 | 0.2081 | 0.2188 | 0.2295 | 0.2361 | 0.2468 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1510 | 0.1880 | 0.2090 | 0.2460 | 0.2670 | 0.3040 | 0.3250 |
| Camarilla | 0.2141 | 0.2194 | 0.2247 | 0.2300 | 0.2353 | 0.2406 | 0.2460 |
| Woodie | 0.1430 | 0.1840 | 0.2010 | 0.2420 | 0.2590 | 0.3000 | 0.3170 |
| Fibonacci | 0.1880 | 0.2102 | 0.2238 | 0.2460 | 0.2682 | 0.2818 | 0.3040 |
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): | 59.04 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | 9.1306 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.2128 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.2065 | |
| Elder Ray (13): | 0.0067 | |
| Super Trend (3,10): | 0.2057 | |
| Zig ZAG (10): | 0.2230 | |
| VORTEX (21): | 0.9431 | |
| Stochastique (14,3,5): | 76.82 | |
| TEMA (21): | 0.2146 | |
| Williams %R (14): | -15.91 | |
| Chande Momentum Oscillator (20): | 0.0125 | |
| Repulse (5,40,3): | 3.9722 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2001 | |
| Courbe Coppock: | 0.61 |
| MA7: | 0.2209 | |
| MA20: | 0.2288 | |
| MA50: | 0.2534 | |
| MA100: | 0.2886 | |
| MAexp7: | 0.2163 | |
| MAexp20: | 0.2151 | |
| MAexp50: | 0.2195 | |
| MAexp100: | 0.2245 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | -2.53% | |
| Price / MA50: | -12.00% | |
| Price / MA100: | -22.73% | |
| Price / MAexp7: | +3.10% | |
| Price / MAexp20: | +3.67% | |
| Price / MAexp50: | +1.59% | |
| Price / MAexp100: | -0.67% |
Quotes :
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15 min delayed data
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Spain Stocks
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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