APERAM - Daily - Technical analysis published on 11/18/2019 (GMT)
- 200
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 27.33 EUR
My targets
28.18 EUR (+2.85%)
29.15 EUR (+6.39%)
My analysis
APERAM 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 27.33 EUR. The next resistance located at 28.18 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 29.15 EUR. After this resistance, buyers could then target 30.12 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.6
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The APERAM price is 27.40 EUR. The price has increased by +1.00% since the last closing with the lowest point at 27.40 EUR and the highest point at 27.41 EUR. The deviation from the price is 0% for the low point and -0.04% for the high point.27.40
27.41
27.40
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by APERAM:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this APERAM chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 21.95 | 25.47 | 27.33 | 27.40 | 28.18 | 29.15 | 30.12 |
| Change (%) | -19.89% | -7.04% | -0.26% | - | +2.85% | +6.39% | +9.93% |
| Change | -5.45 | -1.93 | -0.07 | - | +0.78 | +1.75 | +2.72 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Major |
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 | 26.46 | 26.80 | 26.96 | 27.30 | 27.46 | 27.80 | 27.96 |
| Camarilla | 26.99 | 27.04 | 27.08 | 27.13 | 27.18 | 27.22 | 27.27 |
| Woodie | 26.38 | 26.76 | 26.88 | 27.26 | 27.38 | 27.76 | 27.88 |
| Fibonacci | 26.80 | 26.99 | 27.11 | 27.30 | 27.49 | 27.61 | 27.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.82 | 25.79 | 26.27 | 27.24 | 27.72 | 28.69 | 29.17 |
| Camarilla | 26.36 | 26.49 | 26.62 | 26.76 | 26.89 | 27.02 | 27.15 |
| Woodie | 24.58 | 25.67 | 26.03 | 27.12 | 27.48 | 28.57 | 28.93 |
| Fibonacci | 25.79 | 26.34 | 26.69 | 27.24 | 27.79 | 28.13 | 28.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.40 | 18.66 | 20.93 | 22.19 | 24.46 | 25.72 | 27.99 |
| Camarilla | 22.23 | 22.56 | 22.88 | 23.21 | 23.53 | 23.85 | 24.18 |
| Woodie | 17.91 | 18.92 | 21.44 | 22.45 | 24.97 | 25.98 | 28.50 |
| Fibonacci | 18.66 | 20.01 | 20.84 | 22.19 | 23.54 | 24.37 | 25.72 |
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): | 72.71 | |
| MACD (12,26,9): | 1.4100 | |
| Directional Movement: | 13.21 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 27.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.34 | |
| Elder Ray (13): | 1.20 | |
| Super Trend (3,10): | 24.58 | |
| Zig ZAG (10): | 27.40 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 85.05 | |
| TEMA (21): | 28.09 | |
| Williams %R (14): | -12.36 | |
| Chande Momentum Oscillator (20): | 4.20 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7400 | |
| Courbe Coppock: | 39.27 |
| MA7: | 27.43 | |
| MA20: | 25.00 | |
| MA50: | 23.53 | |
| MA100: | 22.67 | |
| MAexp7: | 27.05 | |
| MAexp20: | 25.50 | |
| MAexp50: | 23.94 | |
| MAexp100: | 23.40 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | +9.60% | |
| Price / MA50: | +16.45% | |
| Price / MA100: | +20.86% | |
| Price / MAexp7: | +1.29% | |
| Price / MAexp20: | +7.45% | |
| Price / MAexp50: | +14.45% | |
| Price / MAexp100: | +17.09% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis APERAM - Daily