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REDEIA CORPORACION
REDEIA CORPORACION
- EUR (-)
- 15 min delayed data - Spain Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: RED
ISIN: ES0173093024

REDEIA CORPORACION - 1H - Technical analysis published on 02/21/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 14.873 EUR
My targets
15.280 EUR (+1.26%)
15.397 EUR (+2.03%)
My analysis
REDEIA CORPORACION 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 14.873 EUR. The next resistance located at 15.280 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 15.397 EUR. After this resistance, buyers could then target 15.510 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8

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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15 min. Daily Weekly

Additional analysis

Quotes

REDEIA CORPORACION rating 15.090 EUR. The price registered an increase of +1.82% on the session and was traded between 14.660 EUR and 15.125 EUR over the period. The price is currently at +2.93% from its lowest and -0.23% from its highest.

14.660
15.125
15.090

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.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of REDEIA CORPORACION in 1H shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 14.460 14.574 14.873 15.090 15.164 15.280 15.397
Change (%) -4.17% -3.42% -1.44% - +0.49% +1.26% +2.03%
Change -0.630 -0.516 -0.217 - +0.074 +0.190 +0.307
Level Minor Major Intermediate - Major Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.52814.59714.70814.77714.88814.95715.068
Camarilla14.77114.78714.80414.82014.83714.85314.870
Woodie14.55014.60814.73014.78814.91014.96815.090
Fibonacci14.59714.66514.70814.77714.84514.88814.957


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.04014.24014.48014.68014.92015.12015.360
Camarilla14.59914.63914.68014.72014.76014.80114.841
Woodie14.06014.25014.50014.69014.94015.13015.380
Fibonacci14.24014.40814.51214.68014.84814.95215.120


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.82214.17514.80315.15615.78416.13716.765
Camarilla15.16015.25015.34015.43015.52015.61015.700
Woodie13.95914.24414.94015.22515.92116.20616.902
Fibonacci14.17514.55014.78215.15615.53115.76316.137

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): 75.33
MACD (12,26,9): 0.1020
Directional Movement: 12.512
AROON (14): 50.000
DEMA (21): 15.031
Parabolic SAR (0,02-0,02-0,2): 14.830
Elder Ray (13): 0.124
Super Trend (3,10): 14.866
Zig ZAG (10): 15.090
VORTEX (21): 1.1700
Stochastique (14,3,5): 93.12
TEMA (21): 15.090
Williams %R (14): -7.53
Chande Momentum Oscillator (20): 0.330
Repulse (5,40,3): 0.2330
ROCnROLL: 1
TRIX (15,9): 0.0720
Courbe Coppock: 4.43
MA7: 14.718
MA20: 14.886
MA50: 14.899
MA100: 14.804
MAexp7: 15.035
MAexp20: 14.909
MAexp50: 14.799
MAexp100: 14.794
Price / MA7: +2.53%
Price / MA20: +1.37%
Price / MA50: +1.28%
Price / MA100: +1.93%
Price / MAexp7: +0.37%
Price / MAexp20: +1.21%
Price / MAexp50: +1.97%
Price / MAexp100: +2.00%

Quotes : - 15 min delayed data - Spain Stocks

News


The last news published on REDEIA CORPORACION at the time of the generation of this analysis was as follows:

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

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