Análisis Chartista

Market Data

Name: Ercros Sa
Country: Spain
ISIN: ES0125140A14
RIC: ECR.MC
Short term opinion: Limited decline
Short term Evol.:
Mid term opinion: Consolidation
Mid term Evol.:
Last: 4,63
Pivot: 4,94
Supports: 4,32 / 4,21 / 4,11
Resistances: 4,94 / 5,11 / 5,22
10/10/2018 08:44

Ercros Sa ST: the RSI is oversold


Alternative scenario: the upside breakout of 4.94 would call for 5.11 and 5.22.

Our pivot point stands at 4.94.

Our preference: the downside prevails as long as 4.94 is resistance.

Alternative scenario: the upside breakout of 4.94 would call for 5.11 and 5.22.

Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 4.96 and 5.09). Finally, Ercros Sa is trading below its lower daily Bollinger band (standing at 4.67).

Supports and resistances:
5.22 **
5.11 *
4.94 **
4.87
4.626 (EUR-last)
4.42
4.32 **
4.21 *
4.11 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 10-10-2018 at 09:44 UTC+1
Price reference: 4.63 last known on 10-10-2018 at 09:44 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