LINGOTES ESP - Daily - Technical analysis published on 08/17/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 8.47 EUR
My targets
7.19 EUR (-7.54%)
6.96 EUR (-10.54%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 8.47 EUR remains possible. It is advisable to trade LINGOTES ESP with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 8.47 EUR. The next bearish objective for sellers is set at 7.19 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.96 EUR. In case of crossing, the next objective would be the support located at 6.00 EUR. PS: if there is a bullish break in the resistance located at 8.47 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.9
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This analysis was given by Londinia.
Additional analysis
Quotes
The LINGOTES ESP price is 7.78 EUR. On the day, this instrument gained +2.91% with the lowest point at 7.66 EUR and the highest point at 7.78 EUR. The deviation from the price is +1.57% for the low point and 0% for the high point.7.66
7.78
7.78
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of LINGOTES ESP indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.19 | 6.00 | 6.96 | 7.78 | 8.47 | 9.77 | 10.40 |
| Change (%) | -46.14% | -22.88% | -10.54% | - | +8.87% | +25.58% | +33.68% |
| Change | -3.59 | -1.78 | -0.82 | - | +0.69 | +1.99 | +2.62 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.89 | 7.15 | 7.35 | 7.61 | 7.81 | 8.07 | 8.27 |
| Camarilla | 7.43 | 7.48 | 7.52 | 7.56 | 7.60 | 7.64 | 7.69 |
| Woodie | 6.87 | 7.14 | 7.33 | 7.60 | 7.79 | 8.06 | 8.25 |
| Fibonacci | 7.15 | 7.32 | 7.43 | 7.61 | 7.78 | 7.89 | 8.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.58 | 6.74 | 7.06 | 7.22 | 7.54 | 7.70 | 8.02 |
| Camarilla | 7.25 | 7.29 | 7.34 | 7.38 | 7.42 | 7.47 | 7.51 |
| Woodie | 6.66 | 6.78 | 7.14 | 7.26 | 7.62 | 7.74 | 8.10 |
| Fibonacci | 6.74 | 6.92 | 7.04 | 7.22 | 7.40 | 7.52 | 7.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.85 | 6.73 | 7.19 | 8.07 | 8.53 | 9.41 | 9.87 |
| Camarilla | 7.29 | 7.41 | 7.54 | 7.66 | 7.78 | 7.91 | 8.03 |
| Woodie | 5.65 | 6.63 | 6.99 | 7.97 | 8.33 | 9.31 | 9.67 |
| Fibonacci | 6.73 | 7.24 | 7.56 | 8.07 | 8.58 | 8.90 | 9.41 |
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): | 51.61 | |
| MACD (12,26,9): | -0.2400 | |
| Directional Movement: | 5.41 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 7.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.91 | |
| Elder Ray (13): | 0.25 | |
| Super Trend (3,10): | 6.82 | |
| Zig ZAG (10): | 7.78 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 88.05 | |
| TEMA (21): | 7.33 | |
| Williams %R (14): | -7.55 | |
| Chande Momentum Oscillator (20): | 0.26 | |
| Repulse (5,40,3): | 4.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6700 | |
| Courbe Coppock: | 6.42 |
| MA7: | 7.41 | |
| MA20: | 7.43 | |
| MA50: | 8.34 | |
| MA100: | 9.42 | |
| MAexp7: | 7.50 | |
| MAexp20: | 7.57 | |
| MAexp50: | 8.24 | |
| MAexp100: | 9.06 | |
| Price / MA7: | +4.99% | |
| Price / MA20: | +4.71% | |
| Price / MA50: | -6.71% | |
| Price / MA100: | -17.41% | |
| Price / MAexp7: | +3.73% | |
| Price / MAexp20: | +2.77% | |
| Price / MAexp50: | -5.58% | |
| Price / MAexp100: | -14.13% |
Quotes :
-
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.
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