ACERINOX

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ACX
ISIN:	ES0132105018

ACERINOX - 1H - Technical analysis published on 04/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

33%

28%

My opinion

Bullish above 9.892 EUR

My targets

10.453 EUR (+2.88%)

11.052 EUR (+8.78%)

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 9.892 EUR. The next resistance located at 10.453 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 11.052 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 not called into question, despite technical indicators being indecisive.

Force

6.3

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ACERINOX price is 10.160 EUR. The price is lower by -0.05% since the last closing and was between 10.080 EUR and 10.270 EUR. This implies that the price is at +0.79% from its lowest and at -1.07% from its highest.

10.080

10.270

10.160

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ACERINOX in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.544	9.798	9.892	10.160	10.200	10.453	11.052
Change (%)	-6.06%	-3.56%	-2.64%	-	+0.39%	+2.88%	+8.78%
Change	-0.616	-0.362	-0.268	-	+0.040	+0.293	+0.892
Level	Major	Intermediate	Major	-	Major	Major	Intermediate

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	9.917	9.988	10.077	10.148	10.237	10.308	10.397
Camarilla	10.121	10.136	10.150	10.165	10.180	10.194	10.209
Woodie	9.925	9.993	10.085	10.153	10.245	10.313	10.405
Fibonacci	9.988	10.050	10.087	10.148	10.210	10.247	10.308

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.633	9.762	9.963	10.092	10.293	10.422	10.623
Camarilla	10.074	10.105	10.135	10.165	10.195	10.226	10.256
Woodie	9.670	9.780	10.000	10.110	10.330	10.440	10.660
Fibonacci	9.762	9.888	9.966	10.092	10.218	10.296	10.422

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.727	9.036	9.601	9.910	10.475	10.784	11.349
Camarilla	9.925	10.005	10.085	10.165	10.245	10.325	10.405
Woodie	8.854	9.100	9.728	9.974	10.602	10.848	11.476
Fibonacci	9.036	9.370	9.577	9.910	10.244	10.451	10.784

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):	58.42
MACD (12,26,9):	0.0400
Directional Movement:	14.829
AROON (14):	71.429
DEMA (21):	10.176
Parabolic SAR (0,02-0,02-0,2):	10.255
Elder Ray (13):	0.018
Super Trend (3,10):	10.040
Zig ZAG (10):	10.160
VORTEX (21):	1.1190
Stochastique (14,3,5):	37.09
TEMA (21):	10.165
Williams %R (14):	-52.38
Chande Momentum Oscillator (20):	-0.010
Repulse (5,40,3):	-0.0120
ROCnROLL:	1
TRIX (15,9):	0.0670
Courbe Coppock:	1.38

MA7:	10.029
MA20:	9.756
MA50:	9.983
MA100:	9.936
MAexp7:	10.147
MAexp20:	10.118
MAexp50:	10.021
MAexp100:	9.922
Price / MA7:	+1.31%
Price / MA20:	+4.14%
Price / MA50:	+1.77%
Price / MA100:	+2.25%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.42%
Price / MAexp50:	+1.39%
Price / MAexp100:	+2.40%

Quotes : - 15 min delayed data - Spain Stocks

News

The latest news and videos published on ACERINOX at the time of the analysis were as follows:

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

About author

Londinia AI

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