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 12/06/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 9.001 EUR

My targets

9.696 EUR (+2.56%)

10.403 EUR (+10.04%)

My analysis

ACERINOX 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 9.001 EUR. The next resistance located at 9.696 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 10.403 EUR. After this resistance, buyers could then target 11.441 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

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

The ACERINOX rating is 9.454 EUR. The price has increased by +0.81% since the last closing and was between 9.298 EUR and 9.458 EUR. This implies that the price is at +1.68% from its lowest and at -0.04% from its highest.

9.298

9.458

9.454

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

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 Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ACERINOX in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.216	8.160	9.001	9.454	9.696	10.403	11.441
Change (%)	-23.67%	-13.69%	-4.79%	-	+2.56%	+10.04%	+21.02%
Change	-2.238	-1.294	-0.453	-	+0.242	+0.949	+1.987
Level	Intermediate	Major	Major	-	Major	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	9.091	9.219	9.299	9.427	9.507	9.635	9.715
Camarilla	9.321	9.340	9.359	9.378	9.397	9.416	9.435
Woodie	9.066	9.207	9.274	9.415	9.482	9.623	9.690
Fibonacci	9.219	9.299	9.348	9.427	9.507	9.556	9.635

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.754	8.928	9.162	9.336	9.570	9.744	9.978
Camarilla	9.284	9.321	9.359	9.396	9.433	9.471	9.508
Woodie	8.784	8.943	9.192	9.351	9.600	9.759	10.008
Fibonacci	8.928	9.084	9.180	9.336	9.492	9.588	9.744

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.795	8.235	8.819	9.259	9.843	10.283	10.867
Camarilla	9.120	9.214	9.308	9.402	9.496	9.590	9.684
Woodie	7.866	8.271	8.890	9.295	9.914	10.319	10.938
Fibonacci	8.235	8.627	8.868	9.259	9.651	9.892	10.283

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):	58.31
MACD (12,26,9):	0.1160
Directional Movement:	4.378
AROON (14):	-57.143
DEMA (21):	9.487
Parabolic SAR (0,02-0,02-0,2):	9.111
Elder Ray (13):	0.012
Super Trend (3,10):	8.848
Zig ZAG (10):	9.452
VORTEX (21):	1.0070
Stochastique (14,3,5):	57.05
TEMA (21):	9.463
Williams %R (14):	-31.52
Chande Momentum Oscillator (20):	0.048
Repulse (5,40,3):	1.2190
ROCnROLL:	1
TRIX (15,9):	0.2590
Courbe Coppock:	2.01

MA7:	9.356
MA20:	9.410
MA50:	8.870
MA100:	8.955
MAexp7:	9.387
MAexp20:	9.308
MAexp50:	9.096
MAexp100:	9.099
Price / MA7:	+1.05%
Price / MA20:	+0.47%
Price / MA50:	+6.58%
Price / MA100:	+5.57%
Price / MAexp7:	+0.71%
Price / MAexp20:	+1.57%
Price / MAexp50:	+3.94%
Price / MAexp100:	+3.90%

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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