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TALGO
TALGO
- EUR (-)
- 15 min delayed data - Spain Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: TLGO
ISIN: ES0105065009

TALGO - 1H - Technical analysis published on 01/24/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 3.555 EUR
My targets
3.805 EUR (+4.82%)
3.920 EUR (+7.99%)
My analysis
TALGO 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 3.555 EUR. The next resistance located at 3.805 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 3.920 EUR. After this resistance, buyers could then target 4.550 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, 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
9.1

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.

Londinia
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Daily Weekly

Additional analysis

Quotes

TALGO rating 3.630 EUR. The price registered an increase of +5.99% on the session and was between 3.475 EUR and 3.660 EUR. This implies that the price is at +4.46% from its lowest and at -0.82% from its highest.

3.475
3.660
3.630

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this TALGO chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 17 technical indicators on 18 studied are currently bullish. 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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

White line without lower shadow

Type : Bullish

Timeframe : 1 hour


Upside gap

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3.440 3.460 3.555 3.630 3.805 3.920 4.550
Change (%) -5.23% -4.68% -2.07% - +4.82% +7.99% +25.34%
Change -0.190 -0.170 -0.075 - +0.175 +0.290 +0.920
Level Major Intermediate Minor - Intermediate Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.3403.3653.3953.4203.4503.4753.505
Camarilla3.4103.4153.4203.4253.4303.4353.440
Woodie3.3433.3663.3983.4213.4533.4763.508
Fibonacci3.3653.3863.3993.4203.4413.4543.475


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.1723.2433.3173.3883.4623.5333.607
Camarilla3.3503.3633.3773.3903.4033.4173.430
Woodie3.1733.2443.3183.3893.4633.5343.608
Fibonacci3.2433.2993.3333.3883.4443.4783.533


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.7082.9273.1133.3323.5183.7373.923
Camarilla3.1893.2263.2633.3003.3373.3743.411
Woodie2.6932.9193.0983.3243.5033.7293.908
Fibonacci2.9273.0813.1773.3323.4863.5823.737

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): 78.33
MACD (12,26,9): 0.0250
Directional Movement: 44.144
AROON (14): 78.571
DEMA (21): 3.451
Parabolic SAR (0,02-0,02-0,2): 3.378
Elder Ray (13): 0.128
Super Trend (3,10): 3.434
Zig ZAG (10): 3.645
VORTEX (21): 1.0280
Stochastique (14,3,5): 68.82
TEMA (21): 3.475
Williams %R (14): -3.57
Chande Momentum Oscillator (20): 0.240
Repulse (5,40,3): 6.0010
ROCnROLL: 1
TRIX (15,9): 0.0350
Courbe Coppock: 3.46
MA7: 3.433
MA20: 3.383
MA50: 3.283
MA100: 2.974
MAexp7: 3.463
MAexp20: 3.425
MAexp50: 3.407
MAexp100: 3.393
Price / MA7: +5.74%
Price / MA20: +7.30%
Price / MA50: +10.57%
Price / MA100: +22.06%
Price / MAexp7: +4.82%
Price / MAexp20: +5.99%
Price / MAexp50: +6.55%
Price / MAexp100: +6.98%

Quotes : - 15 min delayed data - Spain Stocks

News


The latest news and videos published on TALGO at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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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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