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Technical analysis office: Santander, Ezentis, Almirall, Faes, FCC, Grifols, AXA and Viscofan


Next, we give answers to the values ​​for which we have been asked the most throughout the morning. José María Rodríguez, technical analyst at Bolsamanía, analyzes Almirall, FCC, Grifols, Viscofan, Ezentis, AXA, Faes and Santander.

Technical analysis

Dear José María, first of all thank you very much for your section. It could not be of more interest to readers. My question would be directed to two medium-sized stocks on the Spanish stock market, Almirall and FCC, which have not been particularly explosive in recent times. And that, in my humble opinion, could have a path in the short and medium term. I would appreciate your opinion to make an entry in them. A greeting. A.B.

Dear reader, good afternoon. When the market wants to bounce, it usually does, as it cannot be otherwise, with the big boys. Think that if in the end the market has to go up it has to be with the big ones, it cannot do it with the small / medium ones. And then the ‘small / medium’ caps usually do. Having said that, think that the Ibex is still bearish in medium-long term terms. Which is not incompatible with the fact that it can bounce hard. I invite you to read here the article that this weekend we posted on our page and that talks about this precisely.

Having said that, Almirall It is a value that is moving with strong lurching in recent days both up and down. But what I like the most about this title, which is what I keep, is with the medium and long-term bullish guideline on which the price has been supporting since the end of 2011. And if I have three tangency points then I have a guideline. Read here the recent analysis that we have carried out on the pharmaceutical company.

Almirall weekly chart

As to FCC the graph is pretty clear. What we have is a major rebound that has slowed down at the base of the old bearish channel, formerly support and now resistance. The price has simply experienced a 'pull back' to the base (support) of the old bearish channel. And a little more. Very kind for your words gentleman, thank you very much.

FCC weekly chart

Good morning, José María. First of all, thank you very much for the information provided and second, I would like to know what Grifols looks like, I entered 28.35 euros and I would like you to technically analyze the actions of this company. Thank you very much again and kind regards. J.SR.

Dear investor, good afternoon. Grifols It is a good example of what we sometimes say about a stock being able to drop sharply while remaining bullish because of it. Thus, from historical highs, the price accumulates a 20% drop and it is that even if it could correct towards the base of the long-term bullish channel, now at approximately 22 euros, everything would remain the same. Nothing would change significantly as the underlying would remain within the long-term bullish channel. From which it follows that any approach to the base of the channel should be interpreted as a new and interesting opportunity to get on the shopping train again. Thank you very much, greetings.

Grifols weekly chart

Dear José María, first of all, thank you for your accurate analysis of values, it is always a pleasure to read you. My question is regarding Viscofan, until recently a winning value but it seems that they have lagged behind in the recovery and show erratic behavior in recent weeks. I have Viscofan at 57.05 euros, but doubts about what to do assail me. A thousand thanks and kind regards. J.A.

Dear reader, good afternoon. Viscofan It is in my opinion the most interesting titles in our market despite the fact that in recent weeks we have deploying a wide side that is gradually narrowing. And all this within a clear formation of bullish implications in inverted 'head and shoulders'. Yes, I know that these types of figures work best when an important corrective process occurs afterwards. And it is not the case. But weirder things have been seen and it is not the first time nor will it be the last that we have figures of this type as guidelines for continuity of trend. That said, in the short term we have significant support in the clavicular line of the formation, previously resistance and now support, at 54 euros. A priori, the price is consolidating to end up breaking up and reach new all-time highs.

Viscofan weekly chart

Good morning, how do you see Ezentis to enter now? Thank you very much. L.F.

Dear investor, good afternoon. Ezentis It is a title that I still do not like despite how well it has been doing in the last few weeks. In fact, from the annual lows we have increasing lows and highs and so it does not fall. But it is no less true that a rebound towards the area of ​​approx. 0.43 euros would fit perfectly within what would be a simple 'pull back' to the clavicular line of the old bearish formation in 'head and shoulders' that was confirmed to the downside in late 2019 and now a potential resistance zone . Despite the rebound of the last few weeks, it continues to be a bearish title in terms of the medium and long term. And we should not go to the market to buy weakness, quite the contrary. We just have to buy fortress. Thank you very much, greetings.

Ezentis weekly chart

Good morning, Mr. José María. My question is about AXA and Faes, they are two values ​​that I like and I think they are undervalued. How do you see them to open long positions? Thank you very much. F.B.

Dear reader, good afternoon. The precision of the weekly chart of AXA is maximum. The rebound has been slowed to the penny in the weekly bearish gap of 20 euros, coinciding with the 61.8% adjustment / fall of the entire previous fall. Or what is the same, the area of ​​approximately 20 euros is a very important resistance area. Or what is the same, a weekly close with slack above 20 euros would be an important sign of strength since the price would already be placed above important control areas (resistances). Here is one more example of the strength of the European financial / insurance sector compared to that of our country, where few stocks have managed to recover 61.8% in the last rebound.

AXA weekly chart

Faes Farma weekly chart

Hello, Mr. Rodríguez. I have Santander shares at 2.20 euros. I bought them based on an analysis I read to him about an inverted 'head and shoulders' that featured the title in early June. How do you still see the title? What do you advise me to do? Keep them, sell them? Thank you very much for this section that I never miss. Greetings from Cuenca. G.RC.

Dear investor, good afternoon.

Banco Santander monthly chart

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