ALMIRALL
ALMIRALL
- EUR (-)
- 15 min delayed data - Spain Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ALM
ISIN: ES0157097017

ALMIRALL - Daily - Technical analysis published on 12/18/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 15.10 EUR
My targets
14.11 EUR (-2.76%)
12.95 EUR (-10.75%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALMIRALL as long as the price remains well below 15.10 EUR. The sellers” bearish objective is set at 14.11 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.95 EUR. In case of crossing, the next objective would be the support located at 9.76 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.7

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:
15 min. 1H Weekly

Additional analysis

Quotes

The ALMIRALL price is 14.51 EUR. On the day, this instrument lost -1.63% and was between 14.44 EUR and 14.88 EUR. This implies that the price is at +0.48% from its lowest and at -2.49% from its highest.

14.44
14.88
14.51

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in Daily of this ALMIRALL chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being 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 shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.76 12.95 14.11 14.51 14.68 15.10 16.05
Change (%) -32.74% -10.75% -2.76% - +1.17% +4.07% +10.61%
Change -4.75 -1.56 -0.40 - +0.17 +0.59 +1.54
Level Intermediate Major Major - Major Major 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
Standard14.2214.3814.5714.7314.9215.0815.27
Camarilla14.6514.6914.7214.7514.7814.8114.85
Woodie14.2314.3914.5814.7414.9315.0915.28
Fibonacci14.3814.5214.6014.7314.8714.9515.08


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.4114.0214.3414.9515.2715.8816.20
Camarilla14.3914.4814.5714.6514.7414.8214.91
Woodie13.2613.9514.1914.8815.1215.8116.05
Fibonacci14.0214.3814.6014.9515.3115.5315.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.7812.1413.7816.1417.7820.1421.78
Camarilla14.3214.6915.0515.4215.7916.1516.52
Woodie9.4211.9613.4215.9617.4219.9621.42
Fibonacci12.1413.6714.6116.1417.6718.6120.14

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 32.45
MACD (12,26,9): -0.3100
Directional Movement: -13.34
AROON (14): -64.29
DEMA (21): 14.76
Parabolic SAR (0,02-0,02-0,2): 15.48
Elder Ray (13): -0.33
Super Trend (3,10): 15.81
Zig ZAG (10): 14.51
VORTEX (21): 0.9300
Stochastique (14,3,5): 8.28
TEMA (21): 14.66
Williams %R (14): -94.87
Chande Momentum Oscillator (20): -0.77
Repulse (5,40,3): -5.3300
ROCnROLL: 2
TRIX (15,9): -0.2500
Courbe Coppock: 4.23
MA7: 14.86
MA20: 15.11
MA50: 15.87
MA100: 16.05
MAexp7: 14.81
MAexp20: 15.15
MAexp50: 15.58
MAexp100: 15.79
Price / MA7: -2.36%
Price / MA20: -3.97%
Price / MA50: -8.57%
Price / MA100: -9.60%
Price / MAexp7: -2.03%
Price / MAexp20: -4.22%
Price / MAexp50: -6.87%
Price / MAexp100: -8.11%

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

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