Análisis Chartista

Market Data

Name: Enagas
Country: Spain
ISIN: ES0130960018
RIC: ENAG.MC
Short term opinion: Consolidation
Short term Evol.:
Mid term opinion: Consolidation
Mid term Evol.:
Last: 24,33
Pivot: 23,30
Supports: 23,30 / 22,40 / 21,90
Resistances: 26,00 / 26,50 / 27,00
03/01/2019 19:48

Enagas ST: look for a drop towards 23.3 before a bounce


Our preference: look for a drop towards 23.3 before a bounce.

Our pivot point stands at 23.3.

Our preference: look for a drop towards 23.3 before a bounce.

Alternative scenario: the downside breakout of 23.3 would call for 22.4 and 21.9.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the stock is below its 20 day MA (24.43) but above its 50 day MA (24.14). Enagas is currently trading near its 52 week high reached at 25.77 on 14/12/18.

Supports and resistances:
27 **
26.5 *
26 **
25.5
24.33 (EUR-last)
23.6
23.3 **
22.4 *
21.9 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 01-03-2019 at 19:48 UTC+1
Price reference: 24.33 last known on 01-03-2019 at 19:48 UTC+1
Investment horizon: ST

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Legend:  * = Intermediate level    ** = Strong level    *** = Very strong level
 Name  Short term opinion Short term Evol. Mid term opinion Mid term Evol.
EnagasLimited riseConsolidation
EnagasConsolidationConsolidation
EnagasLimited declineConsolidation
EnagasLimited riseConsolidation
EnagasLimited riseConsolidation
EnagasLimited riseConsolidation
EnagasLimited riseConsolidation
EnagasLimited riseConsolidation
EnagasLimited riseConsolidation
EnagasLimited riseConsolidation