PRISA - Daily - Technical analysis published on 12/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1.381 EUR
My targets
1.500 EUR (+4.17%)
1.612 EUR (+11.94%)
My analysis
PRISA 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 1.381 EUR. The next resistance located at 1.500 EUR is the next bullish objective 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 1.612 EUR. After this resistance, buyers could then target 1.662 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.5
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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 PRISA rating is 1.440 EUR. The price has increased by +0.00% since the last closing and was traded between 1.430 EUR and 1.466 EUR over the period. The price is currently at +0.70% from its lowest and -1.77% from its highest.1.430
1.466
1.440
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PRISA chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.250 | 1.319 | 1.381 | 1.440 | 1.450 | 1.500 | 1.612 |
| Change (%) | -13.19% | -8.40% | -4.10% | - | +0.69% | +4.17% | +11.94% |
| Change | -0.190 | -0.121 | -0.059 | - | +0.010 | +0.060 | +0.172 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | 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 | 1.393 | 1.403 | 1.421 | 1.431 | 1.449 | 1.459 | 1.477 |
| Camarilla | 1.432 | 1.435 | 1.437 | 1.440 | 1.443 | 1.445 | 1.448 |
| Woodie | 1.398 | 1.405 | 1.426 | 1.433 | 1.454 | 1.461 | 1.482 |
| Fibonacci | 1.403 | 1.413 | 1.420 | 1.431 | 1.441 | 1.448 | 1.459 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.256 | 1.318 | 1.358 | 1.420 | 1.460 | 1.522 | 1.562 |
| Camarilla | 1.370 | 1.379 | 1.389 | 1.398 | 1.407 | 1.417 | 1.426 |
| Woodie | 1.245 | 1.313 | 1.347 | 1.415 | 1.449 | 1.517 | 1.551 |
| Fibonacci | 1.318 | 1.357 | 1.381 | 1.420 | 1.459 | 1.483 | 1.522 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.089 | 1.185 | 1.291 | 1.387 | 1.493 | 1.589 | 1.695 |
| Camarilla | 1.343 | 1.361 | 1.380 | 1.398 | 1.417 | 1.435 | 1.454 |
| Woodie | 1.095 | 1.188 | 1.297 | 1.390 | 1.499 | 1.592 | 1.701 |
| Fibonacci | 1.185 | 1.262 | 1.310 | 1.387 | 1.464 | 1.512 | 1.589 |
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): | 58.64 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 9.471 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 1.435 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.369 | |
| Elder Ray (13): | 0.035 | |
| Super Trend (3,10): | 1.315 | |
| Zig ZAG (10): | 1.440 | |
| VORTEX (21): | 1.0670 | |
| Stochastique (14,3,5): | 76.92 | |
| TEMA (21): | 1.449 | |
| Williams %R (14): | -23.08 | |
| Chande Momentum Oscillator (20): | 0.070 | |
| Repulse (5,40,3): | -0.3650 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3030 | |
| Courbe Coppock: | 11.53 |
| MA7: | 1.429 | |
| MA20: | 1.390 | |
| MA50: | 1.336 | |
| MA100: | 1.329 | |
| MAexp7: | 1.428 | |
| MAexp20: | 1.397 | |
| MAexp50: | 1.361 | |
| MAexp100: | 1.363 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +3.60% | |
| Price / MA50: | +7.78% | |
| Price / MA100: | +8.35% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +3.08% | |
| Price / MAexp50: | +5.80% | |
| Price / MAexp100: | +5.65% |
PRISAThis member declared not having a position on this financial instrument or a related financial instrument.
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