ACERINOX - Daily - Technical analysis published on 11/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 9.043 EUR
My targets
9.755 EUR (+1.21%)
10.647 EUR (+10.47%)
My analysis
The bullish trend is currently very strong on ACERINOX. As long as the price remains above the support at 9.043 EUR, you could try to benefit from the boom. The first bullish objective is located at 9.755 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.647 EUR as an objective. Crossing it would then enable buyers to target 12.464 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ACERINOX price is 9.638 EUR. The price is lower by -1.03% since the last closing and was traded between 9.548 EUR and 9.850 EUR over the period. The price is currently at +0.94% from its lowest and -2.15% from its highest.9.548
9.850
9.638
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of ACERINOX in Daily shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.176 | 8.516 | 9.043 | 9.638 | 9.755 | 10.647 | 12.464 |
| Change (%) | -15.17% | -11.64% | -6.17% | - | +1.21% | +10.47% | +29.32% |
| Change | -1.462 | -1.122 | -0.595 | - | +0.117 | +1.009 | +2.826 |
| Level | Major | Major | Intermediate | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.330 | 9.466 | 9.602 | 9.738 | 9.874 | 10.010 | 10.146 |
| Camarilla | 9.663 | 9.688 | 9.713 | 9.738 | 9.763 | 9.788 | 9.813 |
| Woodie | 9.330 | 9.466 | 9.602 | 9.738 | 9.874 | 10.010 | 10.146 |
| Fibonacci | 9.466 | 9.570 | 9.634 | 9.738 | 9.842 | 9.906 | 10.010 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.825 | 8.223 | 8.953 | 9.351 | 10.081 | 10.479 | 11.209 |
| Camarilla | 9.374 | 9.477 | 9.581 | 9.684 | 9.787 | 9.891 | 9.994 |
| Woodie | 7.992 | 8.306 | 9.120 | 9.434 | 10.248 | 10.562 | 11.376 |
| Fibonacci | 8.223 | 8.654 | 8.920 | 9.351 | 9.782 | 10.048 | 10.479 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.325 | 6.813 | 7.595 | 8.083 | 8.865 | 9.353 | 10.135 |
| Camarilla | 8.029 | 8.145 | 8.262 | 8.378 | 8.494 | 8.611 | 8.727 |
| Woodie | 6.473 | 6.887 | 7.743 | 8.157 | 9.013 | 9.427 | 10.283 |
| Fibonacci | 6.813 | 7.298 | 7.598 | 8.083 | 8.568 | 8.868 | 9.353 |
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): | 79.23 | |
| MACD (12,26,9): | 0.4420 | |
| Directional Movement: | 33.859 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 9.356 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.835 | |
| Elder Ray (13): | 0.616 | |
| Super Trend (3,10): | 8.955 | |
| Zig ZAG (10): | 9.638 | |
| VORTEX (21): | 1.3350 | |
| Stochastique (14,3,5): | 91.16 | |
| TEMA (21): | 9.642 | |
| Williams %R (14): | -14.34 | |
| Chande Momentum Oscillator (20): | 1.272 | |
| Repulse (5,40,3): | 2.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5600 | |
| Courbe Coppock: | 28.50 |
| MA7: | 9.407 | |
| MA20: | 8.691 | |
| MA50: | 8.243 | |
| MA100: | 7.998 | |
| MAexp7: | 9.391 | |
| MAexp20: | 8.835 | |
| MAexp50: | 8.368 | |
| MAexp100: | 8.230 | |
| Price / MA7: | +2.46% | |
| Price / MA20: | +10.90% | |
| Price / MA50: | +16.92% | |
| Price / MA100: | +20.51% | |
| Price / MAexp7: | +2.63% | |
| Price / MAexp20: | +9.09% | |
| Price / MAexp50: | +15.18% | |
| Price / MAexp100: | +17.11% |
News
The last news published on ACERINOX at the time of the generation of this analysis was as follows:
AcerinoxThis member declared not having a position on this financial instrument or a related financial instrument.
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