GALP ENERGIA-NOM

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	GALP
ISIN:	PTGAL0AM0009

GALP ENERGIA-NOM - Daily - Technical analysis published on 11/19/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 15.030 EUR

My targets

16.448 EUR (+8.07%)

17.180 EUR (+12.88%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GALP ENERGIA-NOM as long as the price remains well above 15.030 EUR. The buyers” bullish objective is set at 16.448 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 17.180 EUR. If there is any crossing, the next objective would be the resistance located at 17.915 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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

GALP ENERGIA-NOM rating 15.220 EUR. The price has increased by +0.07% since the last closing and was traded between 15.120 EUR and 15.305 EUR over the period. The price is currently at +0.66% from its lowest and -0.56% from its highest.

15.120

15.305

15.220

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GALP ENERGIA-NOM:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GALP ENERGIA-NOM chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.181	14.440	15.030	15.220	16.448	17.180	17.915
Change (%)	-6.83%	-5.12%	-1.25%	-	+8.07%	+12.88%	+17.71%
Change	-1.039	-0.780	-0.190	-	+1.228	+1.960	+2.695
Level	Major	Minor	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
Standard	15.048	15.107	15.158	15.217	15.268	15.327	15.378
Camarilla	15.180	15.190	15.200	15.210	15.220	15.230	15.240
Woodie	15.045	15.105	15.155	15.215	15.265	15.325	15.375
Fibonacci	15.107	15.149	15.175	15.217	15.259	15.285	15.327

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.542	14.688	14.937	15.083	15.332	15.478	15.727
Camarilla	15.076	15.113	15.149	15.185	15.221	15.257	15.294
Woodie	14.593	14.714	14.988	15.109	15.383	15.504	15.778
Fibonacci	14.688	14.839	14.932	15.083	15.234	15.327	15.478

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.887	12.513	13.397	14.023	14.907	15.533	16.417
Camarilla	13.865	14.003	14.142	14.280	14.418	14.557	14.695
Woodie	12.015	12.578	13.525	14.088	15.035	15.598	16.545
Fibonacci	12.513	13.090	13.447	14.023	14.600	14.957	15.533

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):	77.03
MACD (12,26,9):	0.3790
Directional Movement:	26.704
AROON (14):	85.714
DEMA (21):	15.219
Parabolic SAR (0,02-0,02-0,2):	14.997
Elder Ray (13):	0.289
Super Trend (3,10):	14.675
Zig ZAG (10):	15.225
VORTEX (21):	1.3220
Stochastique (14,3,5):	94.13
TEMA (21):	15.337
Williams %R (14):	-7.93
Chande Momentum Oscillator (20):	0.915
Repulse (5,40,3):	1.1070
ROCnROLL:	1
TRIX (15,9):	0.3760
Courbe Coppock:	11.13

MA7:	15.105
MA20:	14.719
MA50:	14.020
MA100:	13.520
MAexp7:	15.097
MAexp20:	14.724
MAexp50:	14.157
MAexp100:	13.798
Price / MA7:	+0.76%
Price / MA20:	+3.40%
Price / MA50:	+8.56%
Price / MA100:	+12.57%
Price / MAexp7:	+0.81%
Price / MAexp20:	+3.37%
Price / MAexp50:	+7.51%
Price / MAexp100:	+10.31%

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:

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

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