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 06/06/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

56%

33%

My opinion

Bearish under 10.040 EUR

My targets

9.542 EUR (-3.71%)

8.910 EUR (-10.09%)

My analysis

The bearish trend is currently very strong for ACERINOX. As long as the price remains below the resistance at 10.040 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 9.542 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.910 EUR as an objective. Crossing it would then enable sellers to target 8.486 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.5

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 9.910 EUR. On the day, this instrument lost -0.05% and was between 9.905 EUR and 9.980 EUR. This implies that the price is at +0.05% from its lowest and at -0.70% from its highest.

9.905

9.980

9.910

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, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ACERINOX chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.910	9.542	9.892	9.910	10.040	10.193	10.368
Change (%)	-10.09%	-3.71%	-0.18%	-	+1.31%	+2.86%	+4.62%
Change	-1.000	-0.368	-0.018	-	+0.130	+0.283	+0.458
Level	Minor	Intermediate	Major	-	Minor	Intermediate	Minor

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	9.750	9.825	9.870	9.945	9.990	10.065	10.110
Camarilla	9.882	9.893	9.904	9.915	9.926	9.937	9.948
Woodie	9.735	9.818	9.855	9.938	9.975	10.058	10.095
Fibonacci	9.825	9.871	9.899	9.945	9.991	10.019	10.065

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.587	9.743	9.907	10.063	10.227	10.383	10.547
Camarilla	9.982	10.011	10.041	10.070	10.099	10.129	10.158
Woodie	9.590	9.745	9.910	10.065	10.230	10.385	10.550
Fibonacci	9.743	9.866	9.941	10.063	10.186	10.261	10.383

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.107	9.503	9.787	10.183	10.467	10.863	11.147
Camarilla	9.883	9.945	10.008	10.070	10.132	10.195	10.257
Woodie	9.050	9.475	9.730	10.155	10.410	10.835	11.090
Fibonacci	9.503	9.763	9.924	10.183	10.443	10.604	10.863

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):	39.95
MACD (12,26,9):	-0.0350
Directional Movement:	-8.557
AROON (14):	-64.286
DEMA (21):	9.907
Parabolic SAR (0,02-0,02-0,2):	9.973
Elder Ray (13):	-0.015
Super Trend (3,10):	10.046
Zig ZAG (10):	9.905
VORTEX (21):	0.8330
Stochastique (14,3,5):	7.80
TEMA (21):	9.895
Williams %R (14):	-95.83
Chande Momentum Oscillator (20):	-0.030
Repulse (5,40,3):	-0.5320
ROCnROLL:	2
TRIX (15,9):	-0.0510
Courbe Coppock:	1.20

MA7:	10.018
MA20:	10.202
MA50:	10.192
MA100:	10.069
MAexp7:	9.920
MAexp20:	9.953
MAexp50:	10.010
MAexp100:	10.075
Price / MA7:	-1.08%
Price / MA20:	-2.86%
Price / MA50:	-2.77%
Price / MA100:	-1.58%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.43%
Price / MAexp50:	-1.00%
Price / MAexp100:	-1.64%

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:

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

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