ENAGAS

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ENG
ISIN:	ES0130960018

ENAGAS - Daily - Technical analysis published on 09/26/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Neutral

Technical indicators

89%

11%

My opinion

Bullish above 20.340 EUR

My targets

21.090 EUR (+0.09%)

22.405 EUR (+6.34%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ENAGAS as long as the price remains well above 20.340 EUR. The buyers” bullish objective is set at 21.090 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 22.405 EUR. If there is any crossing, the next objective would be the resistance located at 23.455 EUR.

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

4.3

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ENAGAS rating is 21.070 EUR. On the day, this instrument gained +1.84% and was traded between 20.730 EUR and 21.100 EUR over the period. The price is currently at +1.64% from its lowest and -0.14% from its highest.

20.730

21.100

21.070

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 result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ENAGAS in Daily shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.520	19.120	20.340	21.070	21.090	22.405	23.455
Change (%)	-21.59%	-9.25%	-3.46%	-	+0.09%	+6.34%	+11.32%
Change	-4.550	-1.950	-0.730	-	+0.020	+1.335	+2.385
Level	Intermediate	Intermediate	Major	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.830	20.210	20.450	20.830	21.070	21.450	21.690
Camarilla	20.520	20.576	20.633	20.690	20.747	20.804	20.861
Woodie	19.760	20.175	20.380	20.795	21.000	21.415	21.620
Fibonacci	20.210	20.447	20.593	20.830	21.067	21.213	21.450

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.797	19.423	20.117	20.743	21.437	22.063	22.757
Camarilla	20.447	20.568	20.689	20.810	20.931	21.052	21.173
Woodie	18.830	19.440	20.150	20.760	21.470	22.080	22.790
Fibonacci	19.423	19.928	20.239	20.743	21.248	21.559	22.063

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.167	18.758	19.307	19.898	20.447	21.038	21.587
Camarilla	19.542	19.646	19.751	19.855	19.960	20.064	20.169
Woodie	18.145	18.748	19.285	19.888	20.425	21.028	21.565
Fibonacci	18.758	19.194	19.463	19.898	20.334	20.603	21.038

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):	60.99
MACD (12,26,9):	0.2400
Directional Movement:	9.535
AROON (14):	50.000
DEMA (21):	20.726
Parabolic SAR (0,02-0,02-0,2):	20.291
Elder Ray (13):	0.306
Super Trend (3,10):	19.500
Zig ZAG (10):	21.060
VORTEX (21):	1.0620
Stochastique (14,3,5):	78.33
TEMA (21):	21.014
Williams %R (14):	-14.00
Chande Momentum Oscillator (20):	1.345
Repulse (5,40,3):	1.1860
ROCnROLL:	1
TRIX (15,9):	0.1180
Courbe Coppock:	9.59

MA7:	20.891
MA20:	20.309
MA50:	20.015
MA100:	21.518
MAexp7:	20.788
MAexp20:	20.462
MAexp50:	20.510
MAexp100:	21.219
Price / MA7:	+0.86%
Price / MA20:	+3.75%
Price / MA50:	+5.27%
Price / MA100:	-2.08%
Price / MAexp7:	+1.36%
Price / MAexp20:	+2.97%
Price / MAexp50:	+2.73%
Price / MAexp100:	-0.70%

News

Don"t forget to follow the news on ENAGAS. At the time of publication of this analysis, the latest news was as follows:

Enagas

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

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