EBRO FOODS S.A (EBRO)

18,18
0,66 % | 0,12

Market Data

Apertura 18,06
Máx Hoy (€) 18,18
Min Hoy (€) 17,72
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: Limited rise
Mid term Evol.:
Last: 18,085
Pivot: 17,30
Supports: 17,30 / 16,70 / 16,40
Resistances: 19,20 / 19,60 / 19,90
27/07/2015 10:16

Ebro Foods ST: the RSI is overbought


Alternative scenario: the downside breakout of 17.3 would call for 16.7 and 16.4.

Our pivot point is at 17.3.

Our preference:the upside prevails as long as 17.3 is support.

Alternative scenario:the downside breakout of 17.3 would call for 16.7 and 16.4.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (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 17.55 and 17.48). Ebro Foods is currently trading near its 52 week high reached at 18.58 on 15/04/15.

Supports and resistances:
19.9 **
19.6 *
19.2 **
18.8
18.085 last
17.6
17.3 **
16.7 *
16.4 **

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Legend:  * = Intermediate level    ** = Strong level    *** = Very strong level
Ebro Foods ST: the RSI is overbought
 Name  Short term opinion Short term Evol. Mid term opinion Mid term Evol.
Ebro FoodsLimited riseLimited rise
Ebro FoodsLimited riseLimited rise
Ebro FoodsLimited declineLimited rise
Ebro FoodsLimited declineLimited rise
Ebro FoodsLimited riseLimited rise
Ebro FoodsLimited riseLimited rise
Ebro FoodsLimited declineLimited rise
Ebro FoodsLimited riseLimited rise
Ebro FoodsLimited riseLimited rise
Ebro FoodsLimited declineConsolidation