APERAM - 1H - Technical analysis published on 02/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 28.86 EUR
My targets
29.58 EUR (+0.78%)
29.85 EUR (+1.70%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on APERAM. This is a positive signal for buyers. As long as the price remains above 28.86 EUR, a purchase could be considered. The first bullish objective is located at 29.58 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 29.85 EUR as an objective. Crossing it would then enable buyers to target 30.12 EUR. In the event of a return below 28.86 EUR, 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.3
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Additional analysis
Quotes
APERAM rating 29.35 EUR. The price has increased by +1.84% since the last closing and was traded between 28.95 EUR and 29.37 EUR over the period. The price is currently at +1.38% from its lowest and -0.07% from its highest.28.95
29.37
29.35
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
Here is a more detailed summary of the historical variations registered by APERAM:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this APERAM chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 26.82 | 28.29 | 28.86 | 29.35 | 29.58 | 29.85 | 30.12 |
| Change (%) | -8.62% | -3.61% | -1.67% | - | +0.78% | +1.70% | +2.62% |
| Change | -2.53 | -1.06 | -0.49 | - | +0.23 | +0.50 | +0.77 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.02 | 28.36 | 28.59 | 28.93 | 29.16 | 29.50 | 29.73 |
| Camarilla | 28.66 | 28.72 | 28.77 | 28.82 | 28.87 | 28.93 | 28.98 |
| Woodie | 27.97 | 28.33 | 28.54 | 28.90 | 29.11 | 29.47 | 29.68 |
| Fibonacci | 28.36 | 28.58 | 28.71 | 28.93 | 29.15 | 29.28 | 29.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.70 | 27.58 | 28.28 | 29.16 | 29.86 | 30.74 | 31.44 |
| Camarilla | 28.55 | 28.69 | 28.84 | 28.98 | 29.13 | 29.27 | 29.42 |
| Woodie | 26.61 | 27.54 | 28.19 | 29.12 | 29.77 | 30.70 | 31.35 |
| Fibonacci | 27.58 | 28.18 | 28.56 | 29.16 | 29.76 | 30.14 | 30.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.54 | 24.83 | 26.73 | 30.02 | 31.92 | 35.21 | 37.11 |
| Camarilla | 27.19 | 27.67 | 28.14 | 28.62 | 29.10 | 29.57 | 30.05 |
| Woodie | 20.84 | 24.48 | 26.03 | 29.67 | 31.22 | 34.86 | 36.41 |
| Fibonacci | 24.83 | 26.82 | 28.04 | 30.02 | 32.01 | 33.23 | 35.21 |
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): | 60.04 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 4.28 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 29.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.74 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 28.78 | |
| Zig ZAG (10): | 29.37 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 96.92 | |
| TEMA (21): | 29.26 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | 0.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.33 |
| MA7: | 29.07 | |
| MA20: | 29.08 | |
| MA50: | 30.54 | |
| MA100: | 28.82 | |
| MAexp7: | 29.22 | |
| MAexp20: | 29.12 | |
| MAexp50: | 29.13 | |
| MAexp100: | 29.27 | |
| Price / MA7: | +0.96% | |
| Price / MA20: | +0.93% | |
| Price / MA50: | -3.90% | |
| Price / MA100: | +1.84% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +0.27% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
Don't forget to follow the news on APERAM. At the time of publication of this analysis, the latest news was as follows:
- Aperam announces its financial calendar for 2024
- Designated Person Notification
- Nexa Resources advances in the acquisition of 10,000 tons of bio-oil from Aperam BioEnergia to reduce emissions when producing zinc oxide
- Aperam published a Designated Person Notification
- BSH confirms decarbonization strategy with selection of Aperam infinite™ near-zero carbon stainless steel
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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