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 12/29/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 9.001 EUR

My targets

9.696 EUR (+4.10%)

10.073 EUR (+8.15%)

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 10.073 EUR. After this resistance, buyers could then target 10.403 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, 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

6.6

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 9.314 EUR. The price is lower by -0.02% since the last closing with the lowest point at 9.234 EUR and the highest point at 9.372 EUR. The deviation from the price is +0.87% for the low point and -0.62% for the high point.

9.234

9.372

9.314

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

Technical

Technical analysis of this Daily chart of ACERINOX indicates that the overall trend is strongly bullish. 82.14% 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 bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.167	8.633	9.001	9.314	9.696	10.073	10.403
Change (%)	-12.31%	-7.31%	-3.36%	-	+4.10%	+8.15%	+11.69%
Change	-1.147	-0.681	-0.313	-	+0.382	+0.759	+1.089
Level	Intermediate	Minor	Major	-	Major	Minor	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	9.027	9.143	9.229	9.345	9.431	9.547	9.633
Camarilla	9.261	9.279	9.298	9.316	9.335	9.353	9.372
Woodie	9.013	9.136	9.215	9.338	9.417	9.540	9.619
Fibonacci	9.143	9.220	9.268	9.345	9.422	9.470	9.547

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.361	8.599	8.955	9.193	9.549	9.787	10.143
Camarilla	9.149	9.203	9.258	9.312	9.367	9.421	9.475
Woodie	8.421	8.629	9.015	9.223	9.609	9.817	10.203
Fibonacci	8.599	8.826	8.966	9.193	9.420	9.560	9.787

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.54
MACD (12,26,9):	0.0080
Directional Movement:	6.653
AROON (14):	-14.286
DEMA (21):	9.266
Parabolic SAR (0,02-0,02-0,2):	8.832
Elder Ray (13):	0.137
Super Trend (3,10):	8.848
Zig ZAG (10):	9.408
VORTEX (21):	0.9610
Stochastique (14,3,5):	68.29
TEMA (21):	9.194
Williams %R (14):	-19.38
Chande Momentum Oscillator (20):	-0.024
Repulse (5,40,3):	0.2730
ROCnROLL:	1
TRIX (15,9):	0.0110
Courbe Coppock:	3.80

MA7:	9.164
MA20:	9.274
MA50:	9.147
MA100:	8.975
MAexp7:	9.247
MAexp20:	9.240
MAexp50:	9.149
MAexp100:	9.130
Price / MA7:	+1.64%
Price / MA20:	+0.43%
Price / MA50:	+1.83%
Price / MA100:	+3.78%
Price / MAexp7:	+0.72%
Price / MAexp20:	+0.80%
Price / MAexp50:	+1.80%
Price / MAexp100:	+2.02%

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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