APERAM - Daily - Technical analysis published on 07/03/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 31.05 EUR
My targets
28.15 EUR (-4.06%)
24.99 EUR (-14.83%)
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 31.05 EUR. The sellers' bearish objective is set at 28.15 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.99 EUR. In case of crossing, the next objective would be the support located at 23.34 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The APERAM rating is 29.34 EUR. The price registered an increase of +2.88% on the session with the lowest point at 28.52 EUR and the highest point at 29.34 EUR. The deviation from the price is +2.88% for the low point and 0% for the high point.28.52
29.34
29.34
Here is a more detailed summary of the historical variations registered by APERAM:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on APERAM were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Daily chart of APERAM 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.34 | 24.99 | 28.15 | 29.34 | 31.05 | 32.41 | 36.10 |
| Change (%) | -20.45% | -14.83% | -4.06% | - | +5.83% | +10.46% | +23.04% |
| Change | -6.00 | -4.35 | -1.19 | - | +1.71 | +3.07 | +6.76 |
| Level | Major | Minor | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.97 | 27.67 | 28.10 | 28.80 | 29.23 | 29.93 | 30.36 |
| Camarilla | 28.21 | 28.31 | 28.42 | 28.52 | 28.62 | 28.73 | 28.83 |
| Woodie | 26.83 | 27.60 | 27.96 | 28.73 | 29.09 | 29.86 | 30.22 |
| Fibonacci | 27.67 | 28.11 | 28.37 | 28.80 | 29.24 | 29.50 | 29.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.73 | 26.05 | 27.29 | 29.61 | 30.85 | 33.17 | 34.41 |
| Camarilla | 27.54 | 27.87 | 28.19 | 28.52 | 28.85 | 29.17 | 29.50 |
| Woodie | 23.18 | 25.78 | 26.74 | 29.34 | 30.30 | 32.90 | 33.86 |
| Fibonacci | 26.05 | 27.41 | 28.25 | 29.61 | 30.97 | 31.81 | 33.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.65 | 25.01 | 26.77 | 30.13 | 31.89 | 35.25 | 37.01 |
| Camarilla | 27.11 | 27.58 | 28.05 | 28.52 | 28.99 | 29.46 | 29.93 |
| Woodie | 20.84 | 24.61 | 25.96 | 29.73 | 31.08 | 34.85 | 36.20 |
| Fibonacci | 25.01 | 26.97 | 28.18 | 30.13 | 32.09 | 33.30 | 35.25 |
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): | 34.77 | |
| MACD (12,26,9): | -0.6800 | |
| Directional Movement: | -24.37 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 30.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.15 | |
| Elder Ray (13): | -1.83 | |
| Super Trend (3,10): | 31.96 | |
| Zig ZAG (10): | 29.34 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 10.68 | |
| TEMA (21): | 29.92 | |
| Williams %R (14): | -81.25 | |
| Chande Momentum Oscillator (20): | -4.10 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 10.65 |
| MA7: | 30.37 | |
| MA20: | 31.49 | |
| MA50: | 32.03 | |
| MA100: | 33.01 | |
| MAexp7: | 30.12 | |
| MAexp20: | 31.14 | |
| MAexp50: | 31.85 | |
| MAexp100: | 32.02 | |
| Price / MA7: | -3.39% | |
| Price / MA20: | -6.83% | |
| Price / MA50: | -8.40% | |
| Price / MA100: | -11.12% | |
| Price / MAexp7: | -2.59% | |
| Price / MAexp20: | -5.78% | |
| Price / MAexp50: | -7.88% | |
| Price / MAexp100: | -8.37% |
Quotes :
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15 min delayed data
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Spain Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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