Londinia Opportunities Analyses - 02/02/2023 (GMT) PROSEGUR - 1H

- EUR (-)

- 15 min delayed data - Spain Stocks

Type:	Stocks
Ticker:	PSG
ISIN:	ES0175438003

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 2.040 EUR

My targets

2.209 EUR (+4.02%)

2.267 EUR (+6.73%)

My analysis

The basic bullish trend is very strong on PROSEGUR 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 2.040 EUR. Crossing the first resistance at 2.209 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.267 EUR as an objective. Crossing it would then enable buyers to target 2.694 EUR. Caution, a return to below 2.040 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

PROSEGUR rating 2.124 EUR. On the day, this instrument gained +1.24% and was between 2.124 EUR and 2.130 EUR. This implies that the price is at 0% from its lowest and at -0.28% from its highest.

2.124

2.130

2.124

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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 Records scanner for higher/lower results shows the following items:

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

Technical analysis of this 1H chart of PROSEGUR indicates that the overall trend is strongly bullish. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.006	2.040	2.116	2.124	2.267	2.694	3.209
Change (%)	-5.56%	-3.95%	-0.38%	-	+6.73%	+26.84%	+51.08%
Change	-0.118	-0.084	-0.008	-	+0.143	+0.570	+1.085
Level	Minor	Intermediate	Intermediate	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.045	2.063	2.081	2.099	2.117	2.135	2.153
Camarilla	2.088	2.091	2.095	2.098	2.101	2.105	2.108
Woodie	2.044	2.063	2.080	2.099	2.116	2.135	2.152
Fibonacci	2.063	2.077	2.086	2.099	2.113	2.122	2.135

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.927	1.959	2.021	2.053	2.115	2.147	2.209
Camarilla	2.058	2.067	2.075	2.084	2.093	2.101	2.110
Woodie	1.943	1.967	2.037	2.061	2.131	2.155	2.225
Fibonacci	1.959	1.995	2.017	2.053	2.089	2.111	2.147

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.531	1.655	1.867	1.991	2.203	2.327	2.539
Camarilla	1.986	2.016	2.047	2.078	2.109	2.140	2.170
Woodie	1.574	1.677	1.910	2.013	2.246	2.349	2.582
Fibonacci	1.655	1.784	1.863	1.991	2.120	2.199	2.327

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):	57.95
MACD (12,26,9):	0.0100
Directional Movement:	11.943
AROON (14):	64.286
DEMA (21):	2.102
Parabolic SAR (0,02-0,02-0,2):	2.075
Elder Ray (13):	0.005
Super Trend (3,10):	2.069
Zig ZAG (10):	2.098
VORTEX (21):	0.9440
Stochastique (14,3,5):	73.84
TEMA (21):	2.102
Williams %R (14):	-31.25
Chande Momentum Oscillator (20):	0.024
Repulse (5,40,3):	-0.1880
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	3.44

MA7:	2.058
MA20:	2.013
MA50:	1.851
MA100:	1.741
MAexp7:	2.098
MAexp20:	2.089
MAexp50:	2.069
MAexp100:	2.041
Price / MA7:	+3.21%
Price / MA20:	+5.51%
Price / MA50:	+14.75%
Price / MA100:	+22.00%
Price / MAexp7:	+1.24%
Price / MAexp20:	+1.68%
Price / MAexp50:	+2.66%
Price / MAexp100:	+4.07%

Quotes : - 15 min delayed data - Actions Espagne

News

The last news published on PROSEGUR at the time of the generation of this analysis was as follows: