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 08/13/2024 (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

22%

44%

33%

My opinion

Bearish under 9.177 EUR

My targets

8.960 EUR (-1.48%)

8.880 EUR (-2.36%)

My analysis

The bearish trend is currently very strong for ACERINOX. As long as the price remains below the resistance at 9.177 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 8.960 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.880 EUR as an objective. Crossing it would then enable sellers to target 7.958 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.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.7

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

ACERINOX rating 9.095 EUR. The price registered a decrease of -0.66% on the session and was between 9.070 EUR and 9.160 EUR. This implies that the price is at +0.28% from its lowest and at -0.71% from its highest.

9.070

9.160

9.095

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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 the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ACERINOX in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

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

Near support of channel

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.958	8.880	8.960	9.095	9.177	9.253	9.463
Change (%)	-12.50%	-2.36%	-1.48%	-	+0.90%	+1.74%	+4.05%
Change	-1.137	-0.215	-0.135	-	+0.082	+0.158	+0.368
Level	Intermediate	Minor	Major	-	Major	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	8.958	9.012	9.083	9.137	9.208	9.262	9.333
Camarilla	9.121	9.132	9.144	9.155	9.167	9.178	9.189
Woodie	8.968	9.016	9.093	9.141	9.218	9.266	9.343
Fibonacci	9.012	9.059	9.089	9.137	9.184	9.214	9.262

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.557	8.718	8.932	9.093	9.307	9.468	9.682
Camarilla	9.042	9.076	9.111	9.145	9.179	9.214	9.248
Woodie	8.583	8.731	8.958	9.106	9.333	9.481	9.708
Fibonacci	8.718	8.862	8.950	9.093	9.237	9.325	9.468

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.847	9.073	9.382	9.608	9.917	10.143	10.452
Camarilla	9.543	9.592	9.641	9.690	9.739	9.788	9.837
Woodie	8.888	9.094	9.423	9.629	9.958	10.164	10.493
Fibonacci	9.073	9.278	9.404	9.608	9.813	9.939	10.143

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):	46.04
MACD (12,26,9):	-0.0090
Directional Movement:	-3.564
AROON (14):	-21.428
DEMA (21):	9.112
Parabolic SAR (0,02-0,02-0,2):	9.194
Elder Ray (13):	-0.027
Super Trend (3,10):	9.202
Zig ZAG (10):	9.095
VORTEX (21):	0.8680
Stochastique (14,3,5):	29.33
TEMA (21):	9.111
Williams %R (14):	-76.00
Chande Momentum Oscillator (20):	-0.040
Repulse (5,40,3):	0.1020
ROCnROLL:	2
TRIX (15,9):	-0.0090
Courbe Coppock:	1.11

MA7:	9.100
MA20:	9.397
MA50:	9.476
MA100:	9.676
MAexp7:	9.111
MAexp20:	9.123
MAexp50:	9.160
MAexp100:	9.253
Price / MA7:	-0.05%
Price / MA20:	-3.21%
Price / MA50:	-4.02%
Price / MA100:	-6.00%
Price / MAexp7:	-0.18%
Price / MAexp20:	-0.31%
Price / MAexp50:	-0.71%
Price / MAexp100:	-1.71%

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:

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

About author

Londinia AI

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