ERCROS

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ECR
ISIN:	ES0125140A14

ERCROS - 1H - Technical analysis published on 03/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 3.320 EUR

My targets

3.651 EUR (+7.07%)

4.616 EUR (+35.37%)

My analysis

ERCROS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.320 EUR. The next resistance located at 3.651 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.616 EUR. After this resistance, buyers could then target 4.853 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

Force

8.8

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ERCROS rating is 3.410 EUR. The price has increased by +33.20% since the last closing and was between 3.370 EUR and 3.540 EUR. This implies that the price is at +1.19% from its lowest and at -3.67% from its highest.

3.370

3.540

3.410

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of ERCROS in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 90

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.750	3.034	3.320	3.410	3.651	4.616	4.853
Change (%)	-19.35%	-11.03%	-2.64%	-	+7.07%	+35.37%	+42.32%
Change	-0.660	-0.376	-0.090	-	+0.241	+1.206	+1.443
Level	Minor	Major	Major	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.463	2.507	2.533	2.577	2.603	2.647	2.673
Camarilla	2.541	2.547	2.554	2.560	2.566	2.573	2.579
Woodie	2.455	2.503	2.525	2.573	2.595	2.643	2.665
Fibonacci	2.507	2.533	2.550	2.577	2.603	2.620	2.647

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.982	2.128	2.347	2.493	2.712	2.858	3.077
Camarilla	2.465	2.498	2.532	2.565	2.599	2.632	2.665
Woodie	2.018	2.146	2.383	2.511	2.748	2.876	3.113
Fibonacci	2.128	2.268	2.354	2.493	2.633	2.719	2.858

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.890	2.075	2.270	2.455	2.650	2.835	3.030
Camarilla	2.361	2.395	2.430	2.465	2.500	2.535	2.570
Woodie	1.895	2.078	2.275	2.458	2.655	2.838	3.035
Fibonacci	2.075	2.220	2.310	2.455	2.600	2.690	2.835

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	93.85
MACD (12,26,9):	0.0980
Directional Movement:	82.100
AROON (14):	100.000
DEMA (21):	2.740
Parabolic SAR (0,02-0,02-0,2):	2.550
Elder Ray (13):	0.792
Super Trend (3,10):	3.134
Zig ZAG (10):	3.455
VORTEX (21):	1.0700
Stochastique (14,3,5):	59.45
TEMA (21):	2.801
Williams %R (14):	-11.44
Chande Momentum Oscillator (20):	0.890
Repulse (5,40,3):	-1.9820
ROCnROLL:	1
TRIX (15,9):	0.2620
Courbe Coppock:	16.11

MA7:	2.608
MA20:	2.427
MA50:	2.502
MA100:	2.576
MAexp7:	2.779
MAexp20:	2.629
MAexp50:	2.521
MAexp100:	2.454
Price / MA7:	+30.75%
Price / MA20:	+40.50%
Price / MA50:	+36.29%
Price / MA100:	+32.38%
Price / MAexp7:	+22.71%
Price / MAexp20:	+29.71%
Price / MAexp50:	+35.26%
Price / MAexp100:	+38.96%

Quotes : - 15 min delayed data - Spain Stocks

News

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

Ercros

This member declared not having a position on this financial instrument or a related financial instrument.

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