B. SABADELL - Daily - Technical analysis published on 10/10/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 0.8560 EUR
My targets
0.8924 EUR (+1.73%)
0.9600 EUR (+9.44%)
My analysis
B. SABADELL 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 0.8560 EUR. The next resistance located at 0.8924 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 0.9600 EUR. After this resistance, buyers could then target 1.0135 EUR.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
4.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The B. SABADELL price is 0.8772 EUR. The price registered an increase of +1.62% on the session and was between 0.8600 EUR and 0.8826 EUR. This implies that the price is at +2.00% from its lowest and at -0.61% from its highest.0.8600
0.8826
0.8772
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 Daily of this B. SABADELL chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7248 | 0.7970 | 0.8560 | 0.8772 | 0.8924 | 0.9600 | 1.0135 |
| Change (%) | -17.37% | -9.14% | -2.42% | - | +1.73% | +9.44% | +15.54% |
| Change | -0.1524 | -0.0802 | -0.0212 | - | +0.0152 | +0.0828 | +0.1363 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Minor |
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 | 0.8425 | 0.8505 | 0.8569 | 0.8649 | 0.8713 | 0.8793 | 0.8857 |
| Camarilla | 0.8592 | 0.8606 | 0.8619 | 0.8632 | 0.8645 | 0.8658 | 0.8672 |
| Woodie | 0.8416 | 0.8501 | 0.8560 | 0.8645 | 0.8704 | 0.8789 | 0.8848 |
| Fibonacci | 0.8505 | 0.8560 | 0.8594 | 0.8649 | 0.8704 | 0.8738 | 0.8793 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7890 | 0.8206 | 0.8488 | 0.8804 | 0.9086 | 0.9402 | 0.9684 |
| Camarilla | 0.8606 | 0.8660 | 0.8715 | 0.8770 | 0.8825 | 0.8880 | 0.8935 |
| Woodie | 0.7873 | 0.8198 | 0.8471 | 0.8796 | 0.9069 | 0.9394 | 0.9667 |
| Fibonacci | 0.8206 | 0.8434 | 0.8576 | 0.8804 | 0.9032 | 0.9174 | 0.9402 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6161 | 0.6797 | 0.7849 | 0.8485 | 0.9537 | 1.0173 | 1.1225 |
| Camarilla | 0.8438 | 0.8593 | 0.8747 | 0.8902 | 0.9057 | 0.9212 | 0.9366 |
| Woodie | 0.6370 | 0.6901 | 0.8058 | 0.8589 | 0.9746 | 1.0277 | 1.1434 |
| Fibonacci | 0.6797 | 0.7442 | 0.7840 | 0.8485 | 0.9130 | 0.9528 | 1.0173 |
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): | 55.26 | |
| MACD (12,26,9): | 0.0128 | |
| Directional Movement: | -1.5043 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.8845 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9094 | |
| Elder Ray (13): | -0.0007 | |
| Super Trend (3,10): | 0.8037 | |
| Zig ZAG (10): | 0.8772 | |
| VORTEX (21): | 1.0009 | |
| Stochastique (14,3,5): | 39.45 | |
| TEMA (21): | 0.8882 | |
| Williams %R (14): | -47.67 | |
| Chande Momentum Oscillator (20): | 0.0174 | |
| Repulse (5,40,3): | 1.5242 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3269 | |
| Courbe Coppock: | 0.95 |
| MA7: | 0.8741 | |
| MA20: | 0.8768 | |
| MA50: | 0.8171 | |
| MA100: | 0.8717 | |
| MAexp7: | 0.8739 | |
| MAexp20: | 0.8655 | |
| MAexp50: | 0.8526 | |
| MAexp100: | 0.8735 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | +7.36% | |
| Price / MA100: | +0.63% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +1.35% | |
| Price / MAexp50: | +2.89% | |
| Price / MAexp100: | +0.42% |
This member declared not having a position on this financial instrument or a related financial instrument.
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