$CEN (Contact Energy Limited) Price Analysis
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• 📈 Technical Analysis (TA) – Contact Energy Limited’s Price Targets

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Technical Analysis of Contact Energy Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Contact Energy Limited. The general trend of Contact Energy Limited is BEARISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Contact Energy Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

1. Contact Energy Limited Price Targets

1.1 sr

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Let's take a look at the sr of Contact Energy Limited.

• The price is trading arround resistance levels. This can be considered as a potential exit level.

2. Trend Indicators

2.1 mas

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Let's take a look at the mas of Contact Energy Limited.

• The SHORT shows a strengthening upward trend.
• Price action is supported by the SHORT.
• The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
• The SHORT is lagging behind the INTER, indicating weaker trend alignment.
• The SHORT is lagging behind the LONG, indicating weaker trend alignment.
• The MEDIUM shows weakening trend behaviour.
• Price action is trading under pressure relative to the MEDIUM.
• The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
• The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
• The INTER shows weakening trend behaviour.
• Price action is trading under pressure relative to the INTER.
• The INTER is lagging behind the LONG, indicating weaker trend alignment.
• The LONG shows weakening trend behaviour.
• Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving Average	Trend	Price	vs. MEDIUM	vs. INTER	vs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

2.2 macd

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Let's take a look at the macd of Contact Energy Limited.

• Momentum is leaning bullish. Buying pressure currently dominates selling pressure, suggesting growing optimism and increased willingness to accumulate Contact Energy Limited.
• Overall momentum is positive. Market conditions reflect constructive sentiment, with buyers gradually gaining influence and supporting a favorable environment for Contact Energy Limited.
• Momentum is weakening. Bearish pressure is increasing as confidence fades and market participants shift toward defensive positioning.

2.3 dmi

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Let's take a look at the dmi of Contact Energy Limited.

• Directional bias favors buyers. Buying pressure currently dominates selling pressure, reflecting constructive sentiment and growing confidence among market participants.
• Directional bias leans bullish while trend strength is beginning to build, often seen during early stages of trend development.

2.4 sar

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Let's take a look at the sar of Contact Energy Limited.

• Price action is supported by the prevailing trend structure, which is commonly interpreted as a bullish market signal.

3. Momentum Indicators

3.1 rsi

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Let's take a look at the rsi of Contact Energy Limited. The current phase is Correction in bear market.

• Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
• Momentum is weakening as selling pressure becomes more pronounced.

3.2 stoch

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Let's take a look at the stoch of Contact Energy Limited. The current phase is Correction in bear market.

• Momentum favors buyers, indicating constructive short-term market participation.
• Momentum is leaning bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for Contact Energy Limited.
• Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.

3.3 cci

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Let's take a look at the cci of Contact Energy Limited.

3.4 cmo

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Let's take a look at the cmo of Contact Energy Limited.

• Momentum is leaning positive, indicating constructive market conditions and increasing upside participation.

3.5 willr

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Let's take a look at the willr of Contact Energy Limited.

• Momentum appears balanced, with neither buyers nor sellers showing a clear advantage in the current market environment.

4. Volatility Indicators

4.1 bb

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Let's take a look at the bb of Contact Energy Limited.

4.2 atr

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Let's take a look at the atr of Contact Energy Limited.

5. Volume Indicators

5.1 obv

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Let's take a look at the obv of Contact Energy Limited.

5.2 mfi

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Let's take a look at the mfi of Contact Energy Limited.

• Money flow favors buyers, indicating constructive participation and supportive market conditions.
• Buying pressure appears excessive, suggesting the market may be overheated and vulnerable to a pause or pullback.

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Contact Energy Limited.

6.3. Candlestick Patterns

Date	Candlestick Pattern