Name: Ercros Sa
Short term opinion: Limited rise
Short term Evol.:
Mid term opinion: Consolidation
Mid term Evol.:
Supports: 4,94 / 4,68 / 4,52
Resistances: 5,74 / 5,90 / 6,06
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:
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
|Date/Time||Name||Last||Short term opinion||Short term Evol.||Mid term opinion||Mid term Evol.|
|16/01/2019||Ercros Sa||3,52||Consolidation||Limited decline|
|09/01/2019||Ercros Sa||3,57||Limited rise||Limited decline|
|20/12/2018||Ercros Sa||3,07||Limited decline||Limited decline|
|21/11/2018||Ercros Sa||3,70||Limited rise||Limited decline|
|14/11/2018||Ercros Sa||3,78||Limited rise||Limited decline|
|08/11/2018||Ercros Sa||4,13||Limited rise||Limited decline|
|01/11/2018||Ercros Sa||4,10||Limited rise||Consolidation|
|30/10/2018||Ercros Sa||3,80||Limited decline||Consolidation|
|10/10/2018||Ercros Sa||4,63||Limited decline||Consolidation|
|03/10/2018||Ercros Sa||4,97||Limited decline||Consolidation|