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Update technical scenario in the short and medium term

Endesa headquarters

The value of Endesa It as soon as once more cedes positions with power in which we’ve got been working for the day, ensuing in a brand new violation of its medium and long-term transferring averages that, if confirmed at the shut of the session, would allow gross sales to consider attacking the projected intermediate help zone from 20.30 euros. On this sense, the perforation of the aforementioned help would open a possible corrective scenario to the annual lows of 19 euros per share, a scenario supported by (1) huge bearish divergences, (2) promote alerts in worth oscillators and (3) ) a gradual decline in recruitment exercise. For its half, the Endesa worth is not going to start to indicate indicators of an tried restoration in favor of purchases so long as the worth fails to settle above the intermediate resistance zone situated between 21.55 / 21.41 euros per share, scenario that may open the strategy to assault the 22.36 euros per share.

Endesa on each day chart with common width vary, MACD and buying and selling quantity

Endesa in daily chart with medium and long-term analysis template

Endesa in daily chart with medium and long-term analysis template

Endesa on each day chart with medium and long-term evaluation template

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