APERAM

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	APAM
ISIN:	LU0569974404

APERAM - Daily - Technical analysis published on 08/23/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 29.26 EUR

My targets

25.84 EUR (-9.11%)

21.96 EUR (-22.77%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on APERAM as long as the price remains well below 29.26 EUR. The next bearish objective for sellers is set at 25.84 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.96 EUR. If there is any crossing, the next objective would be the support located at 21.30 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.9

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 APERAM rating is 28.43 EUR. On the day, this instrument gained +3.19% and was between 27.94 EUR and 28.54 EUR. This implies that the price is at +1.75% from its lowest and at -0.39% from its highest.

27.94

28.54

28.43

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this APERAM chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.73	21.30	25.84	28.43	29.26	33.69	39.49
Change (%)	-37.64%	-25.08%	-9.11%	-	+2.92%	+18.50%	+38.90%
Change	-10.70	-7.13	-2.59	-	+0.83	+5.26	+11.06
Level	Intermediate	Intermediate	Major	-	Major	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	25.31	26.38	26.97	28.04	28.63	29.70	30.29
Camarilla	27.09	27.25	27.40	27.55	27.70	27.85	28.01
Woodie	25.06	26.26	26.72	27.92	28.38	29.58	30.04
Fibonacci	26.38	27.02	27.41	28.04	28.68	29.07	29.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.59	25.79	27.46	30.66	32.33	35.53	37.20
Camarilla	27.78	28.23	28.67	29.12	29.57	30.01	30.46
Woodie	21.82	25.41	26.69	30.28	31.56	35.15	36.43
Fibonacci	25.79	27.65	28.80	30.66	32.52	33.67	35.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.29	21.96	26.37	29.04	33.45	36.12	40.53
Camarilla	28.84	29.49	30.14	30.79	31.44	32.09	32.74
Woodie	20.17	22.40	27.25	29.48	34.33	36.56	41.41
Fibonacci	21.96	24.66	26.33	29.04	31.74	33.41	36.12

Numerical data

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

Technical indicators

Moving averages

RSI (14):	43.48
MACD (12,26,9):	0.1600
Directional Movement:	20.35
AROON (14):	-7.15
DEMA (21):	29.83
Parabolic SAR (0,02-0,02-0,2):	33.87
Elder Ray (13):	-1.40
Super Trend (3,10):	32.31
Zig ZAG (10):	28.43
VORTEX (21):	0.8800
Stochastique (14,3,5):	6.33
TEMA (21):	30.17
Williams %R (14):	-84.87
Chande Momentum Oscillator (20):	-1.12
Repulse (5,40,3):	-12.8500
ROCnROLL:	2
TRIX (15,9):	0.2800
Courbe Coppock:	1.41

MA7:	29.86
MA20:	29.96
MA50:	28.50
MA100:	32.17
MAexp7:	29.38
MAexp20:	29.54
MAexp50:	30.04
MAexp100:	32.71
Price / MA7:	-4.79%
Price / MA20:	-5.11%
Price / MA50:	-0.25%
Price / MA100:	-11.63%
Price / MAexp7:	-3.23%
Price / MAexp20:	-3.76%
Price / MAexp50:	-5.36%
Price / MAexp100:	-13.08%

Quotes : - 15 min delayed data - Spain Stocks

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

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Londinia AI

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