TELEFONICA - Daily - Technical analysis published on 10/14/2019 (GMT)
- Who voted?
- 314
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 6.633 EUR
My targets
7.013 EUR (+0.40%)
7.307 EUR (+4.61%)
My analysis
TELEFONICA is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.633 EUR. The next resistance located at 7.013 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.307 EUR. After this resistance, buyers could then target 7.681 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
0
10
5.5
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 TELEFONICA rating is 6.985 EUR. On the day, this instrument lost -0.77% with the lowest point at 6.940 EUR and the highest point at 7.018 EUR. The deviation from the price is +0.65% for the low point and -0.47% for the high point.6.940
7.018
6.985
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:
Technical
Technical analysis of this Daily chart of TELEFONICA indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
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:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.939 | 6.110 | 6.633 | 6.985 | 7.013 | 7.307 | 7.681 |
| Change (%) | -14.97% | -12.53% | -5.04% | - | +0.40% | +4.61% | +9.96% |
| Change | -1.046 | -0.875 | -0.352 | - | +0.028 | +0.322 | +0.696 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Major |
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 | 6.801 | 6.848 | 6.944 | 6.991 | 7.087 | 7.134 | 7.230 |
| Camarilla | 7.000 | 7.013 | 7.026 | 7.039 | 7.052 | 7.065 | 7.078 |
| Woodie | 6.825 | 6.860 | 6.968 | 7.003 | 7.111 | 7.146 | 7.254 |
| Fibonacci | 6.848 | 6.903 | 6.937 | 6.991 | 7.046 | 7.080 | 7.134 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.534 | 6.635 | 6.837 | 6.938 | 7.140 | 7.241 | 7.443 |
| Camarilla | 6.956 | 6.984 | 7.011 | 7.039 | 7.067 | 7.095 | 7.122 |
| Woodie | 6.585 | 6.660 | 6.888 | 6.963 | 7.191 | 7.266 | 7.494 |
| Fibonacci | 6.635 | 6.751 | 6.822 | 6.938 | 7.054 | 7.125 | 7.241 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.790 | 6.046 | 6.523 | 6.779 | 7.256 | 7.512 | 7.989 |
| Camarilla | 6.799 | 6.867 | 6.934 | 7.001 | 7.068 | 7.135 | 7.203 |
| Woodie | 5.902 | 6.101 | 6.635 | 6.834 | 7.368 | 7.567 | 8.101 |
| Fibonacci | 6.046 | 6.326 | 6.499 | 6.779 | 7.059 | 7.232 | 7.512 |
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): | 60.96 | |
| MACD (12,26,9): | 0.0810 | |
| Directional Movement: | 11.215 | |
| AROON (14): | -21.429 | |
| DEMA (21): | 6.948 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.691 | |
| Elder Ray (13): | 0.099 | |
| Super Trend (3,10): | 6.686 | |
| Zig ZAG (10): | 6.985 | |
| VORTEX (21): | 1.0660 | |
| Stochastique (14,3,5): | 79.03 | |
| TEMA (21): | 6.986 | |
| Williams %R (14): | -17.31 | |
| Chande Momentum Oscillator (20): | 0.041 | |
| Repulse (5,40,3): | 2.1990 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2060 | |
| Courbe Coppock: | 1.24 |
| MA7: | 6.883 | |
| MA20: | 6.866 | |
| MA50: | 6.545 | |
| MA100: | 6.880 | |
| MAexp7: | 6.915 | |
| MAexp20: | 6.837 | |
| MAexp50: | 6.764 | |
| MAexp100: | 6.835 | |
| Price / MA7: | +1.48% | |
| Price / MA20: | +1.73% | |
| Price / MA50: | +6.72% | |
| Price / MA100: | +1.53% | |
| Price / MAexp7: | +1.01% | |
| Price / MAexp20: | +2.16% | |
| Price / MAexp50: | +3.27% | |
| Price / MAexp100: | +2.19% |
News
Don"t forget to follow the news on TELEFONICA. At the time of publication of this analysis, the latest news was as follows:
- 2Q19 Results: Telefônica Brasil S.A.
- Wayra And Nauta Capital Invest in Abiquo to Boost Telefónica's Multicloud Offering
- 1Q19 Results: Telefônica Brasil S.A.
- Telefonica to Partner With Subex on New Cybersecurity Venture
- Telefónica to Partner With Subex on New Cybersecurity Venture
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis TELEFONICA - Daily