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ENAGAS
ENAGAS
- EUR (-)
- 15 min delayed data - Spain Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ENG
ISIN: ES0130960018

ENAGAS - 1H - Technical analysis published on 12/14/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
44%
33%
22%
My opinion
Bearish under 16.984 EUR
My targets
16.718 EUR (-0.64%)
16.409 EUR (-2.47%)
My analysis
There is a bearish trend on ENAGAS both at the basic level and in the short term. A sale could be considered, so long as the price remains below 16.984 EUR. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 16.718 EUR. Then the price could move towards 16.409 EUR. Then 16.260 EUR by extension. Be careful, a return to above the resistance 16.984 EUR would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

ENAGAS rating 16.825 EUR. The price registered a decrease of -0.15% on the session and was between 16.780 EUR and 17.025 EUR. This implies that the price is at +0.27% from its lowest and at -1.17% from its highest.

16.780
17.025
16.825

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.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
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 this 1H chart of ENAGAS indicates that the overall trend is bearish. The signals given by moving averages are at 67.86% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 4 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 16.260 16.409 16.718 16.825 16.984 17.095 17.299
Change (%) -3.36% -2.47% -0.64% - +0.95% +1.60% +2.82%
Change -0.565 -0.416 -0.107 - +0.159 +0.270 +0.474
Level Minor Intermediate Major - 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
Standard16.52816.62716.73816.83716.94817.04717.158
Camarilla16.79216.81216.83116.85016.86916.88916.908
Woodie16.53516.63016.74516.84016.95517.05017.165
Fibonacci16.62716.70716.75616.83716.91716.96617.047


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.16216.45316.65716.94817.15217.44317.647
Camarilla16.72416.76916.81516.86016.90516.95116.996
Woodie16.11816.43116.61316.92617.10817.42117.603
Fibonacci16.45316.64216.75916.94817.13717.25417.443


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.67215.15315.97716.45817.28217.76318.587
Camarilla16.44116.56116.68016.80016.92017.03917.159
Woodie14.84315.23916.14816.54417.45317.84918.758
Fibonacci15.15315.65215.96016.45816.95717.26517.763

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): 45.86
MACD (12,26,9): 0.0040
Directional Movement: 5.481
AROON (14): 64.286
DEMA (21): 16.842
Parabolic SAR (0,02-0,02-0,2): 16.753
Elder Ray (13): -0.011
Super Trend (3,10): 16.915
Zig ZAG (10): 16.825
VORTEX (21): 0.9790
Stochastique (14,3,5): 49.84
TEMA (21): 16.868
Williams %R (14): -71.67
Chande Momentum Oscillator (20): 0.005
Repulse (5,40,3): -1.2050
ROCnROLL: 2
TRIX (15,9): -0.0010
Courbe Coppock: 0.62
MA7: 16.846
MA20: 16.741
MA50: 16.267
MA100: 16.032
MAexp7: 16.860
MAexp20: 16.844
MAexp50: 16.859
MAexp100: 16.825
Price / MA7: -0.12%
Price / MA20: +0.50%
Price / MA50: +3.43%
Price / MA100: +4.95%
Price / MAexp7: -0.21%
Price / MAexp20: -0.11%
Price / MAexp50: -0.20%
Price / MAexp100: -0%

Quotes : - 15 min delayed data - Spain Stocks

News


The latest news and videos published on ENAGAS 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.

About author

Londinia
Londinia AI

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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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