ELECNOR

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ENO
ISIN:	ES0129743318

ELECNOR - 1H - Technical analysis published on 12/12/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 21.30 EUR

My targets

22.20 EUR (+2.78%)

My analysis

ELECNOR 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 21.30 EUR. The next resistance located at 22.20 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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, 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

8.4

Comment on the analysis

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.

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Additional analysis

Quotes

The ELECNOR rating is 21.60 EUR. The price registered an increase of +6.93% on the session and was traded between 20.30 EUR and 21.85 EUR over the period. The price is currently at +6.40% from its lowest and -1.14% from its highest.

20.30

21.85

21.60

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this ELECNOR chart shows a strongly bullish trend. 85.71% 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.

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	20.80	21.15	21.30	21.60
Change (%)	-3.70%	-2.08%	-1.39%	-
Change	-0.80	-0.45	-0.30	-
Level	Major	Intermediate	Intermediate	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.20	19.48	19.84	20.12	20.48	20.76	21.12
Camarilla	20.02	20.08	20.14	20.20	20.26	20.32	20.38
Woodie	19.24	19.50	19.88	20.14	20.52	20.78	21.16
Fibonacci	19.48	19.72	19.88	20.12	20.36	20.52	20.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.80	20.10	20.60	20.90	21.40	21.70	22.20
Camarilla	20.88	20.95	21.03	21.10	21.17	21.25	21.32
Woodie	19.90	20.15	20.70	20.95	21.50	21.75	22.30
Fibonacci	20.10	20.41	20.59	20.90	21.21	21.39	21.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.93	18.64	19.49	20.20	21.05	21.76	22.61
Camarilla	19.92	20.06	20.21	20.35	20.49	20.64	20.78
Woodie	18.01	18.68	19.57	20.24	21.13	21.80	22.69
Fibonacci	18.64	19.23	19.60	20.20	20.79	21.16	21.76

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	73.60
MACD (12,26,9):	0.1500
Directional Movement:	28.34
AROON (14):	85.72
DEMA (21):	20.78
Parabolic SAR (0,02-0,02-0,2):	20.45
Elder Ray (13):	0.65
Super Trend (3,10):	20.63
Zig ZAG (10):	21.65
VORTEX (21):	1.0800
Stochastique (14,3,5):	86.20
TEMA (21):	21.02
Williams %R (14):	-11.96
Chande Momentum Oscillator (20):	1.64
Repulse (5,40,3):	2.9800
ROCnROLL:	1
TRIX (15,9):	-0.0500
Courbe Coppock:	7.20

MA7:	20.80
MA20:	20.30
MA50:	19.76
MA100:	19.38
MAexp7:	21.02
MAexp20:	20.68
MAexp50:	20.65
MAexp100:	20.57
Price / MA7:	+3.85%
Price / MA20:	+6.40%
Price / MA50:	+9.31%
Price / MA100:	+11.46%
Price / MAexp7:	+2.76%
Price / MAexp20:	+4.45%
Price / MAexp50:	+4.60%
Price / MAexp100:	+5.01%

Quotes : - 15 min delayed data - Spain Stocks

News

The latest news and videos published on ELECNOR 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.

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