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: 3,80
Pivot: 4,08
Supports: 3,33 / 3,19 / 3,03
Resistances: 4,08 / 4,34 / 4,49
30/10/2018 10:43

Ercros Sa ST: the RSI is oversold


The configuration is negative.

4.08 is our pivot point.

Our preference: the downside prevails as long as 4.08 is resistance.

Alternative scenario: above 4.08, look for 4.34 and 4.49.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or justoversold and therefore bound to retrace (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 4.23 and 4.76).

Supports and resistances:
4.49 **
4.34 *
4.08 **
3.98
3.804 (EUR-last)
3.49
3.33 **
3.19 *
3.03 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 10-30-2018 at 10:43 UTC+1
Price reference: 3.80 last known on 10-30-2018 at 10:43 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