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: Limited decline
Mid term Evol.:
Last: 3,07
Pivot: 3,42
Supports: 2,69 / 2,58 / 2,46
Resistances: 3,42 / 3,63 / 3,75
20/12/2018 19:44

Ercros Sa ST: the RSI is oversold


Alternative scenario: above 3.42, look for 3.63 and 3.75.

Our pivot point stands at 3.42.

Our preference: the downside prevails as long as 3.42 is resistance.

Alternative scenario: above 3.42, look for 3.63 and 3.75.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold 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 share stands below its 20 and 50 day MA (respectively at 3.48 and 3.75). Finally, Ercros Sa has penetrated its lower daily Bollinger band (3.14).

Supports and resistances:
3.75 **
3.63 *
3.42 **
3.33
3.074 (EUR-last)
2.81
2.69 **
2.58 *
2.46 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 12-20-2018 at 19:44 UTC+1
Price reference: 3.07 last known on 12-20-2018 at 19:44 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