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 12/07/2023 (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

44%

17%

39%

My opinion

Bullish above 9.947 EUR

My targets

10.786 EUR (+5.90%)

11.403 EUR (+11.96%)

My analysis

The bullish trend is currently very strong on ACERINOX. As long as the price remains above the support at 9.947 EUR, you could try to benefit from the boom. The first bullish objective is located at 10.786 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.403 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

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 10.185 EUR. The price registered a decrease of -0.10% on the session and was between 10.140 EUR and 10.235 EUR. This implies that the price is at +0.44% from its lowest and at -0.49% from its highest.

10.140

10.235

10.185

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ACERINOX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is slight given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.197	9.613	9.947	10.185	10.207	10.786	11.403
Change (%)	-9.70%	-5.62%	-2.34%	-	+0.22%	+5.90%	+11.96%
Change	-0.988	-0.572	-0.238	-	+0.022	+0.601	+1.218
Level	Intermediate	Intermediate	Intermediate	-	Major	Major	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	10.083	10.132	10.163	10.212	10.243	10.292	10.323
Camarilla	10.173	10.180	10.188	10.195	10.202	10.210	10.217
Woodie	10.075	10.128	10.155	10.208	10.235	10.288	10.315
Fibonacci	10.132	10.162	10.181	10.212	10.242	10.261	10.292

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.613	9.807	10.013	10.207	10.413	10.607	10.813
Camarilla	10.110	10.147	10.183	10.220	10.257	10.293	10.330
Woodie	9.620	9.810	10.020	10.210	10.420	10.610	10.820
Fibonacci	9.807	9.960	10.054	10.207	10.360	10.454	10.607

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.070	8.602	9.336	9.868	10.602	11.134	11.868
Camarilla	9.722	9.838	9.954	10.070	10.186	10.302	10.418
Woodie	8.171	8.653	9.437	9.919	10.703	11.185	11.969
Fibonacci	8.602	9.086	9.384	9.868	10.352	10.650	11.134

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):	61.58
MACD (12,26,9):	0.1880
Directional Movement:	5.535
AROON (14):	-28.571
DEMA (21):	10.287
Parabolic SAR (0,02-0,02-0,2):	10.350
Elder Ray (13):	0.075
Super Trend (3,10):	9.802
Zig ZAG (10):	10.185
VORTEX (21):	1.1090
Stochastique (14,3,5):	52.00
TEMA (21):	10.302
Williams %R (14):	-47.78
Chande Momentum Oscillator (20):	0.085
Repulse (5,40,3):	0.2760
ROCnROLL:	1
TRIX (15,9):	0.3450
Courbe Coppock:	4.95

MA7:	10.156
MA20:	10.067
MA50:	9.517
MA100:	9.387
MAexp7:	10.163
MAexp20:	10.018
MAexp50:	9.704
MAexp100:	9.534
Price / MA7:	+0.29%
Price / MA20:	+1.17%
Price / MA50:	+7.02%
Price / MA100:	+8.50%
Price / MAexp7:	+0.22%
Price / MAexp20:	+1.67%
Price / MAexp50:	+4.96%
Price / MAexp100:	+6.83%

Quotes : - 15 min delayed data - Spain Stocks

News

Don't forget to follow the news on ACERINOX. At the time of publication of this analysis, the latest news was as follows:

Acerinox

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

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