Help us make better tools for you!. Read more (Published: 2017-01-12)

SID - National Steel Company Fri 20'th Jan 2017

Industry: Steel & Iron Sector: Basic Materials
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Buy Candidate

Score: 4.54

#637 of 5191
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 93.33%
Risk: High
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STOP-LOSS:

3.58

(-5.04 %) criteria: risk and position in trend. Risk: High

Fibonacci

Level
Price
R3
3.88
R2
3.83
R1
3.80
S1
3.69
S2
3.66
S3
3.66

Support & Resistance

Level
Price
% Chg
R3
3.91
3.71%
R2
3.87
2.65%
R1
3.82
1.33%
S1
3.70
-1.86%
S2
3.53
-6.37%
S3
3.05
-19.10%

Sector Hausse


Sector: Basic Materials


Pivot:

Accumulated volume: USD 3.74

About Support and resistance


There are many factors used to determine support and resistance. The most common are:

  • Trend
  • Moving averages
  • Round numbers
  • Previous tops and bottoms
  • Accumulated volume

You may discuss what is the best, but by looking at the chart you will be able to get a more visual expression. Any support or resistance is weakened or strengthened by divergence in volume. If price is falling on high volume support levels may be broken easier. The same if price is rising on low volume, the resistance may be harder to break.

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