ELZINC
ELZ
- EUR (-)
- 15 min delayed data - Spain Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ELZ
ISIN: ES0105227013

ELZINC - Daily - Technical analysis published on 09/23/2022 (GMT)

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  • 0
  • Timeframe : Daily
  • - Analysis generated on
  • Status : IN PROGRESS...

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
61%
0%
39%
My opinion
Bullish above
My targets
()
()
My analysis
The strong short-term increase in ELZINC calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above , you could consider taking advantage of the short-term movement. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at as an objective. Crossing it would then enable buyers to target . Caution, a return under could jeopardize the reversal.

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
2.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Weekly

Additional analysis

Quotes

The ELZINC price is 0.2290 EUR. On the day, this instrument gained +11.71% with the lowest point at 0.2050 EUR and the highest point at 0.2290 EUR. The deviation from the price is +11.71% for the low point and 0% for the high point.

0.2050
0.2290
0.2290

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ELZINC:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of ELZINC in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

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 adaptative moving average 20

Type : Bullish

Timeframe : Daily



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

White morning star

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.1500 0.2000 0.2285 0.2290 0.3055 0.3273 0.3540
Change (%) -34.50% -12.66% -0.22% - +33.41% +42.93% +54.59%
Change -0.0790 -0.0290 -0.0005 - +0.0765 +0.0983 +0.1250
Level Intermediate Intermediate Intermediate - Major Intermediate Intermediate



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
Standard0.20170.20230.20370.20430.20570.20630.2077
Camarilla0.20450.20460.20480.20500.20520.20540.2056
Woodie0.20200.20250.20400.20450.20600.20650.2080
Fibonacci0.20230.20310.20360.20430.20510.20560.2063


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.17270.19030.20170.21930.23070.24830.2597
Camarilla0.20500.20770.21030.21300.21570.21830.2210
Woodie0.16950.18880.19850.21780.22750.24680.2565
Fibonacci0.19030.20140.20830.21930.23040.23730.2483


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.16600.18400.19700.21500.22800.24600.2590
Camarilla0.20150.20430.20720.21000.21280.21570.2185
Woodie0.16350.18280.19450.21380.22550.24480.2565
Fibonacci0.18400.19580.20320.21500.22680.23420.2460

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): 55.80
MACD (12,26,9): -0.0023
Directional Movement: 13.3032
AROON (14): 21.4285
DEMA (21): 0.2131
Parabolic SAR (0,02-0,02-0,2): 0.2430
Elder Ray (13): 0.0010
Super Trend (3,10): 0.1998
Zig ZAG (10): 0.2290
VORTEX (21): 0.8767
Stochastique (14,3,5): 29.33
TEMA (21): 0.2160
Williams %R (14): -42.00
Chande Momentum Oscillator (20): 0.0260
Repulse (5,40,3): 14.1006
ROCnROLL: -1
TRIX (15,9): -0.1954
Courbe Coppock: 6.63
MA7: 0.2137
MA20: 0.2148
MA50: 0.2248
MA100: 0.2487
MAexp7: 0.2158
MAexp20: 0.2169
MAexp50: 0.2265
MAexp100: 0.2450
Price / MA7: +7.16%
Price / MA20: +6.61%
Price / MA50: +1.87%
Price / MA100: -7.92%
Price / MAexp7: +6.12%
Price / MAexp20: +5.58%
Price / MAexp50: +1.10%
Price / MAexp100: -6.53%

Quotes : - 15 min delayed data - Spain Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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