EBRO FOODS S.A (EBRO)

17,035
-0,67 % | -0,115

Market Data

Apertura 17,15
Máx Hoy (€) 17,265
Min Hoy (€) 16,96
Máx Año (€) 0,00
Min Año (€) 0,00
ANÁLISIS CHARTISTA

Market Data

Name: Ebro Foods Country: Spain ISIN: ES0112501012 RIC: EBRO.MC
Short term opinion: Limited rise Short term Evol.: Mid term opinion: Consolidation Mid term Evol.:
Last: 17,16 Pivot: 16,50 Supports: 16,50 / 16,20 / 16,00 Resistances: 17,80 / 18,00 / 18,20
02/03/2015 13:10

Ebro Foods ST: the RSI is overbought


Our preference: the upside prevails as long as 16.5 is support.

Our pivot point stands at 16.5.

Our preference:the upside prevails as long as 16.5 is support.

Alternative scenario:the downside breakout of 16.5 would call for 16.2 and 16.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 15.52 and 14.74). Finally, Ebro Foods is trading above its upper Bollinger band (standing at 16.87). Ebro Foods is currently trading near its 52 week high reached at 17.2 on 31/03/14.

Supports and resistances:
18.2 **
18 *
17.8 **
17.6
17.16 last
16.6
16.5 **
16.2 *
16 **

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Legend:  * = Intermediate level    ** = Strong level    *** = Very strong level
Ebro Foods ST: the RSI is overbought
 Date/Time   Name   Last  Short term opinion Short term Evol. Mid term opinion Mid term Evol.
02/03/2015 Ebro Foods17,16Limited riseConsolidation
26/02/2015 Ebro Foods16,205Limited riseConsolidation
20/02/2015 Ebro Foods15,335Limited riseConsolidation
13/02/2015 Ebro Foods15,135Limited riseConsolidation
06/02/2015 Ebro Foods15,17Limited riseConsolidation
30/01/2015 Ebro Foods14,995Limited riseConsolidation
22/01/2015 Ebro Foods14,68Limited riseConsolidation
09/01/2015 Ebro Foods14,055Limited riseConsolidation
09/01/2015 Ebro Foods14,04Limited riseConsolidation
02/01/2015 Ebro Foods13,71Limited declineConsolidation