E.ON SE NA O.N. - 1H - Technical analysis published on 08/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 11.001 EUR
My targets
11.268 EUR (+0.79%)
11.462 EUR (+2.52%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on E.ON SE NA O.N.. This is a positive signal for buyers. As long as the price remains above 11.001 EUR, a purchase could be considered. The first bullish objective is located at 11.268 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.462 EUR as an objective. Crossing it would then enable buyers to target 11.655 EUR. In the event of a return below 11.001 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
6.1
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Additional analysis
Quotes
The E.ON SE NA O.N. rating is 11.180 EUR. The price registered an increase of +0.36% on the session with the lowest point at 11.120 EUR and the highest point at 11.185 EUR. The deviation from the price is +0.54% for the low point and -0.04% for the high point.11.120
11.185
11.180
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of E.ON SE NA O.N. indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.910 | 11.001 | 11.126 | 11.180 | 11.268 | 11.462 | 11.655 |
| Change (%) | -2.42% | -1.60% | -0.48% | - | +0.79% | +2.52% | +4.25% |
| Change | -0.270 | -0.179 | -0.054 | - | +0.088 | +0.282 | +0.475 |
| Level | Intermediate | Minor | Intermediate | - | Major | 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 | 10.907 | 10.953 | 11.047 | 11.093 | 11.187 | 11.233 | 11.327 |
| Camarilla | 11.102 | 11.114 | 11.127 | 11.140 | 11.153 | 11.166 | 11.179 |
| Woodie | 10.930 | 10.965 | 11.070 | 11.105 | 11.210 | 11.245 | 11.350 |
| Fibonacci | 10.953 | 11.007 | 11.040 | 11.093 | 11.147 | 11.180 | 11.233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.288 | 10.507 | 10.793 | 11.012 | 11.298 | 11.517 | 11.803 |
| Camarilla | 10.941 | 10.987 | 11.034 | 11.080 | 11.126 | 11.173 | 11.219 |
| Woodie | 10.323 | 10.524 | 10.828 | 11.029 | 11.333 | 11.534 | 11.838 |
| Fibonacci | 10.507 | 10.700 | 10.819 | 11.012 | 11.205 | 11.324 | 11.517 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.568 | 10.872 | 11.188 | 11.492 | 11.808 | 12.112 | 12.428 |
| Camarilla | 11.335 | 11.391 | 11.448 | 11.505 | 11.562 | 11.619 | 11.676 |
| Woodie | 10.575 | 10.875 | 11.195 | 11.495 | 11.815 | 12.115 | 12.435 |
| Fibonacci | 10.872 | 11.109 | 11.255 | 11.492 | 11.729 | 11.875 | 12.112 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.94 | |
| MACD (12,26,9): | 0.0250 | |
| Directional Movement: | 9.433 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 11.097 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.028 | |
| Elder Ray (13): | 0.062 | |
| Super Trend (3,10): | 11.004 | |
| Zig ZAG (10): | 11.170 | |
| VORTEX (21): | 1.1430 | |
| Stochastique (14,3,5): | 93.91 | |
| TEMA (21): | 11.126 | |
| Williams %R (14): | -4.00 | |
| Chande Momentum Oscillator (20): | 0.195 | |
| Repulse (5,40,3): | 0.9540 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.36 |
| MA7: | 11.095 | |
| MA20: | 11.249 | |
| MA50: | 11.356 | |
| MA100: | 11.350 | |
| MAexp7: | 11.114 | |
| MAexp20: | 11.072 | |
| MAexp50: | 11.064 | |
| MAexp100: | 11.110 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | -0.61% | |
| Price / MA50: | -1.55% | |
| Price / MA100: | -1.50% | |
| Price / MAexp7: | +0.59% | |
| Price / MAexp20: | +0.98% | |
| Price / MAexp50: | +1.05% | |
| Price / MAexp100: | +0.63% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The last news published on E.ON SE NA O.N. at the time of the generation of this analysis was as follows:
- EQS-News: E.ON SE: E.ON continues to invest in the energy transition and remains on growth path
- EQS-Adhoc: E.ON SE: Preliminary financial results for the first half of 2023 and adjustment of the forecast for the financial year 2023
- EQS-News: E.ON SE:
- EQS-News: E.ON SE: E.ON begins the new financial year successfully and reaffirms investments in the energy transition
- EQS-News: E.ON SE: E.ON plans to increase investments in the energy transition following good full-year results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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