ACERINOX

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ACX
ISIN:	ES0132105018

ACERINOX - Daily - Technical analysis published on 11/14/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 9.001 EUR

My targets

9.740 EUR (+1.97%)

10.403 EUR (+8.91%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ACERINOX as long as the price remains well above 9.001 EUR. The buyers' bullish objective is set at 9.740 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.403 EUR. If there is any crossing, the next objective would be the resistance located at 10.698 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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.

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Additional analysis

Quotes

ACERINOX rating 9.552 EUR. The price is lower by -0.02% since the last closing and was traded between 9.462 EUR and 9.630 EUR over the period. The price is currently at +0.95% from its lowest and -0.81% from its highest.

9.462

9.630

9.552

Here is a more detailed summary of the historical variations registered by ACERINOX:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ACERINOX in Daily shows a strongly overall bullish trend. 85.71% 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 detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.216	8.160	9.001	9.552	9.740	10.403	10.698
Change (%)	-24.46%	-14.57%	-5.77%	-	+1.97%	+8.91%	+12.00%
Change	-2.336	-1.392	-0.551	-	+0.188	+0.851	+1.146
Level	Intermediate	Major	Major	-	Major	Intermediate	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	9.207	9.327	9.441	9.561	9.675	9.795	9.909
Camarilla	9.490	9.511	9.533	9.554	9.576	9.597	9.618
Woodie	9.203	9.326	9.437	9.560	9.671	9.794	9.905
Fibonacci	9.327	9.417	9.472	9.561	9.651	9.706	9.795

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.743	8.957	9.255	9.469	9.767	9.981	10.279
Camarilla	9.413	9.460	9.507	9.554	9.601	9.648	9.695
Woodie	8.786	8.978	9.298	9.490	9.810	10.002	10.322
Fibonacci	8.957	9.152	9.273	9.469	9.664	9.785	9.981

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.293	7.615	8.239	8.561	9.185	9.507	10.131
Camarilla	8.602	8.689	8.775	8.862	8.949	9.035	9.122
Woodie	7.443	7.691	8.389	8.637	9.335	9.583	10.281
Fibonacci	7.615	7.977	8.200	8.561	8.923	9.146	9.507

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):	70.12
MACD (12,26,9):	0.2750
Directional Movement:	13.900
AROON (14):	78.571
DEMA (21):	9.329
Parabolic SAR (0,02-0,02-0,2):	9.170
Elder Ray (13):	0.369
Super Trend (3,10):	8.777
Zig ZAG (10):	9.556
VORTEX (21):	1.2240
Stochastique (14,3,5):	92.89
TEMA (21):	9.581
Williams %R (14):	-9.52
Chande Momentum Oscillator (20):	0.796
Repulse (5,40,3):	1.5510
ROCnROLL:	1
TRIX (15,9):	0.3280
Courbe Coppock:	21.32

MA7:	9.409
MA20:	8.895
MA50:	8.640
MA100:	8.830
MAexp7:	9.371
MAexp20:	9.016
MAexp50:	8.835
MAexp100:	8.975
Price / MA7:	+1.52%
Price / MA20:	+7.39%
Price / MA50:	+10.56%
Price / MA100:	+8.18%
Price / MAexp7:	+1.93%
Price / MAexp20:	+5.94%
Price / MAexp50:	+8.12%
Price / MAexp100:	+6.43%

Quotes : - 15 min delayed data - Spain Stocks

News

The last news published on ACERINOX at the time of the generation of this analysis was as follows:

Acerinox

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

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