4REP trade ideas
From Fossil Fuels to Wind Power: The Transformation of Repsol Alright folks, today we're talking about Repsol, the Spanish energy company, and their joint venture with Ibereólica Renovables in Chile. They've just announced the opening of their second wind farm project, the Atacama wind farm, which has an impressive installed capacity of 165.3 megawatts and is expected to produce over 450 gigawatt-hours of clean energy a year.
Now, here's the thing - this is a positive step for Repsol in expanding their renewable energy portfolio and supporting Chile's goal of reaching 70% renewable energy by 2030. The 14-year power purchase agreement between the companies reflects a promising double-digit return on the asset, which is certainly a good sign for investors.
However, we can't overlook the fact that the energy industry is facing significant disruption and challenges due to increasing pressure to shift towards renewable energy sources and reduce carbon emissions. Repsol's financial performance has also been impacted by the COVID-19 pandemic and declining energy demand.
So, while this joint venture and the Atacama wind farm project are certainly positive developments for Repsol, investors should also consider the broader market conditions and potential risks associated with the energy industry before making an investment decision. It's a complex and rapidly evolving landscape, and it's important to stay informed and evaluate all the factors before making any investment moves.
REPSOL, S.A. REBOUND FROM DAILY SUPPORT LINELooking at the technical picture of the Repsol SA stock on our daily chart, we can see that from the end of October, the share price has been drifting lower while trading below a short-term tentative downside resistance line. The experts said that overall, the stock continues to trade above a medium-term tentative upside support line, which may lead to some higher areas again if it stays intact, however, given that the share price is stuck between the two lines. Repsol S.A. operates as an integrated energy company worldwide, and its financial statistic indicators look so relevant with PE Ratio 13.3 and with earnings forecast of 4.97% per year. But according to the experts, the company is still overvalued at the current price with a fair share price of 6.41 EUR per share.
Suppose the stock breaks the previously discussed upside line and falls below the 10.01 hurdle, marked by the inside swing that could clear the path to further declines. REP might send the stock to the 9.74 zones, which could provide a temporary hold-up. That said, if there are still no new buyers' insight, the slide may continue, and the next target could be at 9.46.
A break of the aforementioned downside line and then a push above the 10.82 hurdles and the high of yesterday could open the door for higher areas, as more buyers might join in. REP may then drift to the 11.21 obstacle or even the 11.39. If the buyers don’t stop there, the next possible target could be at 11.78, marked by the highest point of October.
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Repsol S.A. (REP.mc) bearish scenario: We can found a technical figure Rising Wedge in Spanish company Repsol S.A. (REP.mc) on a daily chart. Repsol S.A.s a Spanish energy and petrochemical company based in Madrid. It is engaged in worldwide upstream and downstream activities. In the 2020 Forbes Global 2000, Repsol was ranked as the 645th-largest public company in the world. It has more than 24,000 employees worldwide. It is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation, and trading. The Rising Wedge has broken through the support line on 09/09/2021. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 12 days towards 9.128 EUR. According to the experts, your stop loss should be around 9.976 EUR if you enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
REP - LONG BABY US markets closed, took the liberty to look for some set ups in the European Markets. A lot of opportunities, would like to stress out out this one.
1. Stock in a beginning stage of an uptrend - price trading above the 50MA.
2. Price in a value zone identified as the latest low of the 80 bar ascending triangle.
3. This fat green candle just emerged as our trigger. Context is nice, with the formation of this 80 bar ascending triangle, broken out by our fat green candle in above average volume, right after a tight 9 bar small consolidation with low volatility. Sharp price action transformation. Still within context, also worth remarking strong volume and steep price climb preceding this consolidation.
4. SL: @ 7,728 roughly 1 ATR below identified vlue zone.
5. TP: close below the 1ATR trail line
6. Position size: 1pct ttl equity at risk ALWAYS.
7. Don't forget to manage crash risk also. I use a max of 30 open positions with this aim.
Cheers,
Ruben
Growth?!Don't sleep, make money, wolves🔥
There is an ascending triangle on REP (REPSOL) stock. There was a huge growth of the price (bullish trend) before. According to Elliott Waves theory the price was standing on Wave D. However possibly it became circumcised triangle and price broke resistance zone.
Waiting for possible retest of this zone and enter into the trade.
Follow the chart and look for the confirmations carefully.
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Triangle pattern on RepsolAs well as the price oil is in the lowest, the oil companies do the same. Nevertheless, that can be a good opportunity for those who own strong liquidity to buy low.
So in this contexte, here we have Repsol with a monthly triangle pattern. We can hold a long position for long terme. In my case y prefere to catch long mouvement on daytrading.
$REPYY Repsol on verge of breakout. Repsol is an integrated global energy company with vast sector experience. They carry out Upstream and Downstream activities across the world. At Repsol they believe that through innovation they can create a new energy model. That is why they are present in areas of high energy potential such as Brazil, Russia and the U.S. Thanks to a steady, consolidated growth strategy, they have developed new and attractive areas of business within the company.
