Londinia Opportunities Analyses - 04/25/2024 (GMT) RYERSON HOLDING - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	RYI
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

78%

17%

My opinion

Bearish under 31.02 USD

My targets

29.38 USD (-3.59%)

27.71 USD (-9.06%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RYERSON HOLDING as long as the price remains well below 31.02 USD. The sellers' bearish objective is set at 29.38 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 27.71 USD. In case of crossing, the next objective would be the support located at 26.16 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

8.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

RYERSON HOLDING rating 30.47 USD. On the day, this instrument lost -2.50% and was traded between 30.38 USD and 30.85 USD over the period. The price is currently at +0.30% from its lowest and -1.23% from its highest.

30.38

30.85

30.47

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of RYERSON HOLDING indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bullish doji star

Type : Bullish

Timeframe : 1 hour

Downside gap

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.16	27.71	30.45	30.47	31.02	31.79	32.46
Change (%)	-14.15%	-9.06%	-0.07%	-	+1.81%	+4.33%	+6.53%
Change	-4.31	-2.76	-0.02	-	+0.55	+1.32	+1.99
Level	Major	Minor	Major	-	Minor	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.55	30.14	30.69	31.28	31.83	32.42	32.97
Camarilla	30.94	31.04	31.15	31.25	31.36	31.46	31.56
Woodie	29.54	30.13	30.68	31.27	31.82	32.41	32.96
Fibonacci	30.14	30.57	30.84	31.28	31.71	31.98	32.42

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.38	30.43	31.22	32.27	33.06	34.11	34.90
Camarilla	31.49	31.66	31.83	32.00	32.17	32.34	32.51
Woodie	29.24	30.37	31.08	32.21	32.92	34.05	34.76
Fibonacci	30.43	31.14	31.57	32.27	32.98	33.41	34.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.35	28.69	31.10	32.44	34.85	36.19	38.60
Camarilla	32.47	32.81	33.16	33.50	33.84	34.19	34.53
Woodie	27.88	28.96	31.63	32.71	35.38	36.46	39.13
Fibonacci	28.69	30.13	31.01	32.44	33.88	34.76	36.19

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	29.62
MACD (12,26,9):	-0.4000
Directional Movement:	-23.64
AROON (14):	-71.43
DEMA (21):	30.87
Parabolic SAR (0,02-0,02-0,2):	31.47
Elder Ray (13):	-0.71
Super Trend (3,10):	31.38
Zig ZAG (10):	30.40
VORTEX (21):	0.6300
Stochastique (14,3,5):	13.21
TEMA (21):	30.67
Williams %R (14):	-98.88
Chande Momentum Oscillator (20):	-1.65
Repulse (5,40,3):	-0.7000
ROCnROLL:	2
TRIX (15,9):	-0.1200
Courbe Coppock:	7.82

MA7:	31.62
MA20:	32.80
MA50:	32.35
MA100:	32.61
MAexp7:	30.87
MAexp20:	31.46
MAexp50:	31.89
MAexp100:	32.28
Price / MA7:	-3.64%
Price / MA20:	-7.10%
Price / MA50:	-5.81%
Price / MA100:	-6.56%
Price / MAexp7:	-1.30%
Price / MAexp20:	-3.15%
Price / MAexp50:	-4.45%
Price / MAexp100:	-5.61%

Quotes : - 15 min delayed data - Actions NYSE

News

Don't forget to follow the news on RYERSON HOLDING. At the time of publication of this analysis, the latest news was as follows: