TALGO - 1H - Technical analysis published on 01/24/2023 (GMT)
- 145
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
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.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 3.340 | 3.365 | 3.395 | 3.420 | 3.450 | 3.475 | 3.505 |
| Camarilla | 3.410 | 3.415 | 3.420 | 3.425 | 3.430 | 3.435 | 3.440 |
| Woodie | 3.343 | 3.366 | 3.398 | 3.421 | 3.453 | 3.476 | 3.508 |
| Fibonacci | 3.365 | 3.386 | 3.399 | 3.420 | 3.441 | 3.454 | 3.475 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.172 | 3.243 | 3.317 | 3.388 | 3.462 | 3.533 | 3.607 |
| Camarilla | 3.350 | 3.363 | 3.377 | 3.390 | 3.403 | 3.417 | 3.430 |
| Woodie | 3.173 | 3.244 | 3.318 | 3.389 | 3.463 | 3.534 | 3.608 |
| Fibonacci | 3.243 | 3.299 | 3.333 | 3.388 | 3.444 | 3.478 | 3.533 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.708 | 2.927 | 3.113 | 3.332 | 3.518 | 3.737 | 3.923 |
| Camarilla | 3.189 | 3.226 | 3.263 | 3.300 | 3.337 | 3.374 | 3.411 |
| Woodie | 2.693 | 2.919 | 3.098 | 3.324 | 3.503 | 3.729 | 3.908 |
| Fibonacci | 2.927 | 3.081 | 3.177 | 3.332 | 3.486 | 3.582 | 3.737 |
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:
Talgo SAThis member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis TALGO - 1H