Antofagasta (ANTO)

Sell: 2,192.00p

Buy: 2,210.00p

Change: 6.00p | 0.27%

Last updated 16:24 07/05/24. Prices delayed by at least 15 minutes. Change is calculated based on previous close price.

Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

The trend arrows show short, mid and long term signal.

Short term:

Strong Bullish
Medium term:

Neutral
Long term:

Bullish

Short term comment

A technical perspective allows the movement to be established as bullish but very close to the support and critical area that today generates the upward guideline in 1814.681 levels. The 1814.681 - 1750.563 range represents an area of ??greater neutrality, so the loss of 1814.681 would prevent a bullish rating.

Long term comment

After the previous rise, with a 89.2% revaluation, there was an important downward correction phase of -30.3%, initiated in june 2023 at 1836.580, and ended at the low of 1279.863 (1-january-2024). The current gains have exceeded the previous peaks at 1836.580, currently reaching 2335.750 (15-april-2024) with no sign of weakness.

Technical outlook

Bullish in the long term, although it must still break above the resistance at 21.07 to slightly improve in the short term.

Technical Comment: Outperform

Oscillators

Moving average

View technical details

Pivot points

Pivot points
Support 3	Support 2	Support 1	Resistance 1	Resistance 2	Resistance 3
1997.0000	2077.0000	2116.0000	2196.0000	2237.0000	2317.0000

Alerts

Alerts
Priority	Date	Warning
Medium priority	24/04/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	24/04/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	23/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	23/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	22/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	22/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	22/04/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority	19/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	19/04/2024	Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
Medium priority	19/04/2024	Some weakness showed at the fast stochastics may kept a lid on any meaningful positive move.
High priority	19/04/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.

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