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 08/27/2024 (GMT)

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08/27/2024 - 11:40
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Timeframe : 1H
- Analysis generated on 08/27/2024 - 11:40
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 9.461 EUR

My targets

9.801 EUR (+2.74%)

10.125 EUR (+6.13%)

My analysis

The bullish trend is currently very strong on ACERINOX. As long as the price remains above the support at 9.461 EUR, you could try to benefit from the boom. The first bullish objective is located at 9.801 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.125 EUR as an objective. Crossing it would then enable buyers to target 10.231 EUR. 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

8.6

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.

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

Additional analysis

Quotes

The ACERINOX rating is 9.540 EUR. The price registered an increase of +1.27% on the session with the lowest point at 9.390 EUR and the highest point at 9.545 EUR. The deviation from the price is +1.60% for the low point and -0.05% for the high point.

9.390

9.545

9.540

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

Bearish opening

Type : Bearish

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 an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.177	9.285	9.461	9.540	9.578	9.801	10.125
Change (%)	-3.81%	-2.67%	-0.83%	-	+0.40%	+2.74%	+6.13%
Change	-0.363	-0.255	-0.079	-	+0.038	+0.261	+0.585
Level	Major	Major	Major	-	Minor	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.218	9.277	9.348	9.407	9.478	9.537	9.608
Camarilla	9.384	9.396	9.408	9.420	9.432	9.444	9.456
Woodie	9.225	9.280	9.355	9.410	9.485	9.540	9.615
Fibonacci	9.277	9.326	9.357	9.407	9.456	9.487	9.537

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.932	9.023	9.207	9.298	9.482	9.573	9.757
Camarilla	9.314	9.340	9.365	9.390	9.415	9.440	9.466
Woodie	8.978	9.046	9.253	9.321	9.528	9.596	9.803
Fibonacci	9.023	9.128	9.193	9.298	9.403	9.468	9.573

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):	74.13
MACD (12,26,9):	0.0620
Directional Movement:	21.076
AROON (14):	85.714
DEMA (21):	9.503
Parabolic SAR (0,02-0,02-0,2):	9.399
Elder Ray (13):	0.082
Super Trend (3,10):	9.422
Zig ZAG (10):	9.540
VORTEX (21):	1.2820
Stochastique (14,3,5):	92.90
TEMA (21):	9.525
Williams %R (14):	-4.76
Chande Momentum Oscillator (20):	0.140
Repulse (5,40,3):	0.7580
ROCnROLL:	1
TRIX (15,9):	0.0830
Courbe Coppock:	3.00

MA7:	9.319
MA20:	9.230
MA50:	9.412
MA100:	9.616
MAexp7:	9.493
MAexp20:	9.425
MAexp50:	9.334
MAexp100:	9.279
Price / MA7:	+2.37%
Price / MA20:	+3.36%
Price / MA50:	+1.36%
Price / MA100:	-0.79%
Price / MAexp7:	+0.50%
Price / MAexp20:	+1.22%
Price / MAexp50:	+2.21%
Price / MAexp100:	+2.81%

Quotes : 08/27/2024 - 11:18 - 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:

02/08/2024 - 18:02 Shareholder Alert: Ademi LLP investigates whether Haynes International, Inc. has obtained a Fair Price in its transaction with Acerinox
02/13/2017 - 13:02 Acerinox

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

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