GALAPAGOS - Daily - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 146.94 EUR
My targets
168.85 EUR (+1.44%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GALAPAGOS as long as the price remains well above 146.94 EUR. The buyers” bullish objective is set at 168.85 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GALAPAGOS price is 166.45 EUR. The price registered a decrease of -1.54% on the session with the lowest point at 164.55 EUR and the highest point at 170.25 EUR. The deviation from the price is +1.15% for the low point and -2.23% for the high point.164.55
170.25
166.45
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GALAPAGOS in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 104.55 | 132.70 | 146.94 | 166.45 | 168.85 |
| Change (%) | -37.19% | -20.28% | -11.72% | - | +1.44% |
| Change | -61.90 | -33.75 | -19.51 | - | +2.40 |
| Level | Major | Intermediate | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 164.63 | 165.82 | 167.43 | 168.62 | 170.23 | 171.42 | 173.03 |
| Camarilla | 168.28 | 168.54 | 168.79 | 169.05 | 169.31 | 169.56 | 169.82 |
| Woodie | 164.85 | 165.93 | 167.65 | 168.73 | 170.45 | 171.53 | 173.25 |
| Fibonacci | 165.82 | 166.89 | 167.55 | 168.62 | 169.69 | 170.35 | 171.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.78 | 156.92 | 161.58 | 168.72 | 173.38 | 180.52 | 185.18 |
| Camarilla | 163.01 | 164.09 | 165.17 | 166.25 | 167.33 | 168.41 | 169.50 |
| Woodie | 148.55 | 156.30 | 160.35 | 168.10 | 172.15 | 179.90 | 183.95 |
| Fibonacci | 156.92 | 161.42 | 164.21 | 168.72 | 173.22 | 176.01 | 180.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.25 | 118.90 | 141.85 | 154.50 | 177.45 | 190.10 | 213.05 |
| Camarilla | 155.01 | 158.27 | 161.54 | 164.80 | 168.06 | 171.33 | 174.59 |
| Woodie | 111.40 | 121.48 | 147.00 | 157.08 | 182.60 | 192.68 | 218.20 |
| Fibonacci | 118.90 | 132.50 | 140.90 | 154.50 | 168.10 | 176.50 | 190.10 |
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): | 58.73 | |
| MACD (12,26,9): | 5.6500 | |
| Directional Movement: | 7.97 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 171.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 174.75 | |
| Elder Ray (13): | 0.82 | |
| Super Trend (3,10): | 159.64 | |
| Zig ZAG (10): | 167.00 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 51.38 | |
| TEMA (21): | 173.31 | |
| Williams %R (14): | -65.26 | |
| Chande Momentum Oscillator (20): | -1.95 | |
| Repulse (5,40,3): | -2.9700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.6200 | |
| Courbe Coppock: | 16.92 |
| MA7: | 169.60 | |
| MA20: | 163.85 | |
| MA50: | 150.87 | |
| MA100: | 150.11 | |
| MAexp7: | 168.16 | |
| MAexp20: | 163.56 | |
| MAexp50: | 155.23 | |
| MAexp100: | 146.01 | |
| Price / MA7: | -1.86% | |
| Price / MA20: | +1.59% | |
| Price / MA50: | +10.33% | |
| Price / MA100: | +10.89% | |
| Price / MAexp7: | -1.02% | |
| Price / MAexp20: | +1.77% | |
| Price / MAexp50: | +7.23% | |
| Price / MAexp100: | +14.00% |
News
The latest news and videos published on GALAPAGOS at the time of the analysis were as follows:
- Galapagos receives transparency notification from Wellington Management Group LLP
- Galapagos increases share capital through warrant exercise by Gilead
- Gilead delivers exercise notice to Galapagos for Initial Warrant A to increase ownership to 25.1%
- MOR106 clinical development in atopic dermatitis stopped for futility
- GILEAD AND GALAPAGOS ANNOUNCE EFFICACY AND SAFETY RESULTS OF FILGOTINIB THROUGH 52 WEEKS IN FINCH 1 AND FINCH 3 STUDIES IN RHEUMATOID ARTHRITIS
This member declared not having a position on this financial instrument or a related financial instrument.
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