SWISS STEEL HOLDING AG - Daily - Technical analysis published on 04/29/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 0.0790 CHF
My targets
0.0915 CHF (+5.29%)
0.1052 CHF (+21.02%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on SWISS STEEL HOLDING AG. This is a positive signal for buyers. As long as the price remains above 0.0790 CHF, a purchase could be considered. The first bullish objective is located at 0.0915 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.1052 CHF as an objective. Crossing it would then enable buyers to target 0.1098 CHF. In the event of a return below 0.0790 CHF, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SWISS STEEL HOLDING AG rating 0.0869 CHF. The price has increased by +8.63% since the last closing with the lowest point at 0.0862 CHF and the highest point at 0.0869 CHF. The deviation from the price is +0.81% for the low point and 0% for the high point.0.0862
0.0869
0.0869
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of SWISS STEEL HOLDING AG indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.0600 | 0.0695 | 0.0790 | 0.0869 | 0.0915 | 0.1098 | 0.1212 |
| Change (%) | -30.96% | -20.02% | -9.09% | - | +5.29% | +26.35% | +39.47% |
| Change | -0.0269 | -0.0174 | -0.0079 | - | +0.0046 | +0.0229 | +0.0343 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0658 | 0.0714 | 0.0757 | 0.0813 | 0.0856 | 0.0912 | 0.0955 |
| Camarilla | 0.0773 | 0.0782 | 0.0791 | 0.0800 | 0.0809 | 0.0818 | 0.0827 |
| Woodie | 0.0652 | 0.0711 | 0.0751 | 0.0810 | 0.0850 | 0.0909 | 0.0949 |
| Fibonacci | 0.0714 | 0.0752 | 0.0775 | 0.0813 | 0.0851 | 0.0874 | 0.0912 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0605 | 0.0687 | 0.0744 | 0.0826 | 0.0883 | 0.0965 | 0.1022 |
| Camarilla | 0.0762 | 0.0775 | 0.0787 | 0.0800 | 0.0813 | 0.0826 | 0.0838 |
| Woodie | 0.0592 | 0.0681 | 0.0731 | 0.0820 | 0.0870 | 0.0959 | 0.1009 |
| Fibonacci | 0.0687 | 0.0740 | 0.0773 | 0.0826 | 0.0879 | 0.0912 | 0.0965 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0266 | 0.0434 | 0.0575 | 0.0743 | 0.0884 | 0.1052 | 0.1193 |
| Camarilla | 0.0632 | 0.0660 | 0.0689 | 0.0717 | 0.0745 | 0.0774 | 0.0802 |
| Woodie | 0.0254 | 0.0427 | 0.0563 | 0.0736 | 0.0872 | 0.1045 | 0.1181 |
| Fibonacci | 0.0434 | 0.0552 | 0.0625 | 0.0743 | 0.0861 | 0.0934 | 0.1052 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.54 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | -11.3935 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 0.0866 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0921 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 0.0733 | |
| Zig ZAG (10): | 0.0869 | |
| VORTEX (21): | 1.0267 | |
| Stochastique (14,3,5): | 48.99 | |
| TEMA (21): | 0.0874 | |
| Williams %R (14): | -29.29 | |
| Chande Momentum Oscillator (20): | 0.0029 | |
| Repulse (5,40,3): | 4.6413 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1976 | |
| Courbe Coppock: | 11.33 |
| MA7: | 0.0866 | |
| MA20: | 0.0855 | |
| MA50: | 0.0849 | |
| MA100: | 0.0835 | |
| MAexp7: | 0.0860 | |
| MAexp20: | 0.0855 | |
| MAexp50: | 0.0850 | |
| MAexp100: | 0.0874 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | +1.64% | |
| Price / MA50: | +2.36% | |
| Price / MA100: | +4.07% | |
| Price / MAexp7: | +1.05% | |
| Price / MAexp20: | +1.64% | |
| Price / MAexp50: | +2.24% | |
| Price / MAexp100: | -0.57% |
Quotes :
-
15 min delayed data
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Switzerland SWX Stocks
News
Don't forget to follow the news on SWISS STEEL HOLDING AG. At the time of publication of this analysis, the latest news was as follows:
- Swiss Steel Holding AG announces envisaged changes to the Board of Directors and a planned reverse stock split
- Swiss Steel Holding AG successfully completes share offering in the context of its capital increase with gross proceeds of EUR 300 million
- Swiss Steel Holding AG announces the results of its rights offering
- Swiss Steel Holding AG publishes rights offering prospectus and announces the launch of its rights offering
- Shareholders approve all proposals at Extraordinary General Meeting
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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