Análisis Chartista

Market Data

Name: Ercros Sa
Country: Spain
ISIN: ES0125140A14
RIC: ECR.MC
Short term opinion: Limited rise
Short term Evol.:
Mid term opinion: Consolidation
Mid term Evol.:
Last: 5,21
Pivot: 4,94
Supports: 4,94 / 4,68 / 4,52
Resistances: 5,74 / 5,90 / 6,06
10/08/2018 08:41

Ercros Sa ST: the upside prevails as long as 4.94 is support


The configuration is positive.

Our pivot point is at 4.94.

Our preference: the upside prevails as long as 4.94 is support.

Alternative scenario: below 4.94, expect 4.68 and 4.52.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 4.98 and 4.72). Ercros Sa is currently trading near its 52 week high reached at 5.4 on 10/07/18.

Supports and resistances:
6.06 **
5.9 *
5.74 **
5.58
5.205 (EUR-last)
5.05
4.94 **
4.68 *
4.52 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 08-10-2018 at 09:41 UTC+1
Price reference: 5.21 last known on 08-10-2018 at 09:41 UTC+1
Investment horizon: ST

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Legend:  * = Intermediate level    ** = Strong level    *** = Very strong level
 Name  Short term opinion Short term Evol. Mid term opinion Mid term Evol.
Ercros SaConsolidationLimited decline
Ercros SaLimited riseLimited decline
Ercros SaLimited declineLimited decline
Ercros SaLimited riseLimited decline
Ercros SaLimited riseLimited decline
Ercros SaLimited riseLimited decline
Ercros SaLimited riseConsolidation
Ercros SaLimited declineConsolidation
Ercros SaLimited declineConsolidation
Ercros SaLimited declineConsolidation