GALP ENERGIA-NOM - 1H - Technical analysis published on 11/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 10.976 EUR
My targets
11.648 EUR (+2.18%)
11.942 EUR (+4.75%)
My analysis
The basic bullish trend is very strong on GALP ENERGIA-NOM but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 10.976 EUR. Crossing the first resistance at 11.648 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 11.942 EUR as an objective. Crossing it would then enable buyers to target 12.528 EUR. Caution, a return to below 10.976 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
5.4
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Additional analysis
Quotes
The GALP ENERGIA-NOM price is 11.400 EUR. On the day, this instrument gained +1.24% and was between 11.355 EUR and 11.530 EUR. This implies that the price is at +0.40% from its lowest and at -1.13% from its highest.11.355
11.530
11.400
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GALP ENERGIA-NOM chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.998 | 10.495 | 10.976 | 11.400 | 11.408 | 11.648 | 11.942 |
| Change (%) | -12.30% | -7.94% | -3.72% | - | +0.07% | +2.18% | +4.75% |
| Change | -1.402 | -0.905 | -0.424 | - | +0.008 | +0.248 | +0.542 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | 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 | 10.890 | 11.060 | 11.160 | 11.330 | 11.430 | 11.600 | 11.700 |
| Camarilla | 11.186 | 11.211 | 11.235 | 11.260 | 11.285 | 11.310 | 11.334 |
| Woodie | 10.855 | 11.043 | 11.125 | 11.313 | 11.395 | 11.583 | 11.665 |
| Fibonacci | 11.060 | 11.163 | 11.227 | 11.330 | 11.433 | 11.497 | 11.600 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.330 | 10.590 | 10.950 | 11.210 | 11.570 | 11.830 | 12.190 |
| Camarilla | 11.140 | 11.196 | 11.253 | 11.310 | 11.367 | 11.424 | 11.481 |
| Woodie | 10.380 | 10.615 | 11.000 | 11.235 | 11.620 | 11.855 | 12.240 |
| Fibonacci | 10.590 | 10.827 | 10.973 | 11.210 | 11.447 | 11.593 | 11.830 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.493 | 8.956 | 9.615 | 10.078 | 10.737 | 11.200 | 11.859 |
| Camarilla | 9.967 | 10.069 | 10.172 | 10.275 | 10.378 | 10.481 | 10.584 |
| Woodie | 8.592 | 9.005 | 9.714 | 10.127 | 10.836 | 11.249 | 11.958 |
| Fibonacci | 8.956 | 9.384 | 9.649 | 10.078 | 10.506 | 10.771 | 11.200 |
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): | 53.02 | |
| MACD (12,26,9): | 0.0050 | |
| Directional Movement: | 6.924 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 11.404 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.530 | |
| Elder Ray (13): | 0.044 | |
| Super Trend (3,10): | 11.563 | |
| Zig ZAG (10): | 11.425 | |
| VORTEX (21): | 0.9890 | |
| Stochastique (14,3,5): | 56.41 | |
| TEMA (21): | 11.369 | |
| Williams %R (14): | -37.10 | |
| Chande Momentum Oscillator (20): | 0.025 | |
| Repulse (5,40,3): | -0.2040 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0160 | |
| Courbe Coppock: | 2.64 |
| MA7: | 11.307 | |
| MA20: | 10.786 | |
| MA50: | 10.320 | |
| MA100: | 10.229 | |
| MAexp7: | 11.388 | |
| MAexp20: | 11.389 | |
| MAexp50: | 11.320 | |
| MAexp100: | 11.132 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +5.69% | |
| Price / MA50: | +10.47% | |
| Price / MA100: | +11.45% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.71% | |
| Price / MAexp100: | +2.41% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
Don't forget to follow the news on GALP ENERGIA-NOM. At the time of publication of this analysis, the latest news was as follows:
- GOWITHFLOW, BACKED BY GALP ENERGIA, SUCCESSFUL IN UNIVERSITY OF MEMPHIS-LED INNOVATION COALITION
-
Savannah Resources team up with 'ideal candidate for partnership' Galp on flagship lithium project
- Venture Global LNG enters into LNG Sales and Purchase Agreement with Galp for 1 Million Tonnes Per Year
- Venture Global LNG enters into LNG Sales and Purchase Agreement with Galp for 1 Million Tonnes Per Year
-
Galp Energia
This member declared not having a position on this financial instrument or a related financial instrument.
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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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