ACS CONST.

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ACS
ISIN:	ES0167050915

ACS CONST. - 1H - Technical analysis published on 02/01/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 38.20 EUR

My targets

36.11 EUR (-2.03%)

35.47 EUR (-3.77%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 38.20 EUR remains possible. It is advisable to trade ACS CONST. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 38.20 EUR. The next bearish objective for sellers is set at 36.11 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 35.47 EUR. In case of crossing, the next objective would be the support located at 33.96 EUR. PS: if there is a bullish break in the resistance located at 38.20 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.9

Comment on the analysis

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.

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Additional analysis

Quotes

ACS CONST. rating 36.86 EUR. The price registered an increase of +0.74% on the session and was traded between 36.44 EUR and 36.91 EUR over the period. The price is currently at +1.15% from its lowest and -0.14% from its highest.

36.44

36.91

36.86

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

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

A technical analysis in 1H of this ACS CONST. chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	33.96	35.47	36.11	36.86	38.75	39.79
Change (%)	-7.87%	-3.77%	-2.03%	-	+5.13%	+7.95%
Change	-2.90	-1.39	-0.75	-	+1.89	+2.93
Level	Major	Major	Minor	-	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.52	35.82	36.20	36.50	36.88	37.18	37.56
Camarilla	36.40	36.47	36.53	36.59	36.65	36.72	36.78
Woodie	35.57	35.84	36.25	36.52	36.93	37.20	37.61
Fibonacci	35.82	36.08	36.24	36.50	36.76	36.92	37.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.20	38.64	39.13	39.57	40.06	40.50	40.99
Camarilla	39.36	39.45	39.54	39.62	39.71	39.79	39.88
Woodie	38.23	38.65	39.16	39.58	40.09	40.51	41.02
Fibonacci	38.64	39.00	39.22	39.57	39.93	40.15	40.50

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.68	32.58	34.58	37.48	39.48	42.38	44.38
Camarilla	35.24	35.69	36.14	36.59	37.04	37.49	37.94
Woodie	29.24	32.36	34.14	37.26	39.04	42.16	43.94
Fibonacci	32.58	34.45	35.61	37.48	39.35	40.51	42.38

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.05
MACD (12,26,9):	-0.3300
Directional Movement:	-5.02
AROON (14):	85.71
DEMA (21):	36.23
Parabolic SAR (0,02-0,02-0,2):	35.71
Elder Ray (13):	0.03
Super Trend (3,10):	37.25
Zig ZAG (10):	36.85
VORTEX (21):	1.0400
Stochastique (14,3,5):	82.11
TEMA (21):	36.43
Williams %R (14):	-2.33
Chande Momentum Oscillator (20):	0.59
Repulse (5,40,3):	1.3100
ROCnROLL:	-1
TRIX (15,9):	-0.2100
Courbe Coppock:	3.19

MA7:	37.74
MA20:	38.79
MA50:	38.15
MA100:	35.67
MAexp7:	36.67
MAexp20:	36.78
MAexp50:	37.61
MAexp100:	38.29
Price / MA7:	-2.33%
Price / MA20:	-4.98%
Price / MA50:	-3.38%
Price / MA100:	+3.34%
Price / MAexp7:	+0.52%
Price / MAexp20:	+0.22%
Price / MAexp50:	-1.99%
Price / MAexp100:	-3.73%

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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