ARTESIAN RESOURCES - Daily - Technical analysis published on 09/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 37.00 USD
My targets
37.58 USD (+0.83%)
38.25 USD (+2.63%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARTESIAN RESOURCES as long as the price remains well above 37.00 USD. The buyers” bullish objective is set at 37.58 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 38.25 USD. If there is any crossing, the next objective would be the resistance located at 39.28 USD.
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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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARTESIAN RESOURCES rating 37.27 USD. The price has increased by +3.41% since the last closing and was between 35.87 USD and 37.37 USD. This implies that the price is at +3.90% from its lowest and at -0.27% from its highest.35.87
37.37
37.27
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ARTESIAN RESOURCES:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ARTESIAN RESOURCES chart shows a bullish trend. 75% 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 bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 34.86 | 36.38 | 37.00 | 37.27 | 37.58 | 38.25 | 39.28 |
| Change (%) | -6.47% | -2.39% | -0.72% | - | +0.83% | +2.63% | +5.39% |
| Change | -2.41 | -0.89 | -0.27 | - | +0.31 | +0.98 | +2.01 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.24 | 34.79 | 35.42 | 35.97 | 36.60 | 37.15 | 37.78 |
| Camarilla | 35.72 | 35.82 | 35.93 | 36.04 | 36.15 | 36.26 | 36.36 |
| Woodie | 34.27 | 34.81 | 35.45 | 35.99 | 36.63 | 37.17 | 37.81 |
| Fibonacci | 34.79 | 35.24 | 35.52 | 35.97 | 36.42 | 36.70 | 37.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.87 | 34.63 | 35.02 | 35.79 | 36.18 | 36.95 | 37.34 |
| Camarilla | 35.10 | 35.21 | 35.31 | 35.42 | 35.53 | 35.63 | 35.74 |
| Woodie | 33.68 | 34.54 | 34.84 | 35.70 | 36.00 | 36.85 | 37.16 |
| Fibonacci | 34.63 | 35.07 | 35.34 | 35.79 | 36.23 | 36.50 | 36.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.65 | 33.68 | 35.04 | 36.07 | 37.43 | 38.46 | 39.82 |
| Camarilla | 35.74 | 35.96 | 36.18 | 36.40 | 36.62 | 36.84 | 37.06 |
| Woodie | 32.82 | 33.76 | 35.21 | 36.15 | 37.60 | 38.54 | 39.99 |
| Fibonacci | 33.68 | 34.59 | 35.16 | 36.07 | 36.98 | 37.55 | 38.46 |
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): | 59.71 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 11.00 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 36.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 35.23 | |
| Elder Ray (13): | 0.51 | |
| Super Trend (3,10): | 34.74 | |
| Zig ZAG (10): | 37.27 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 54.41 | |
| TEMA (21): | 36.24 | |
| Williams %R (14): | -4.67 | |
| Chande Momentum Oscillator (20): | 1.76 | |
| Repulse (5,40,3): | 4.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.89 |
| MA7: | 36.00 | |
| MA20: | 36.10 | |
| MA50: | 35.97 | |
| MA100: | 36.16 | |
| MAexp7: | 36.21 | |
| MAexp20: | 36.06 | |
| MAexp50: | 36.07 | |
| MAexp100: | 36.21 | |
| Price / MA7: | +3.53% | |
| Price / MA20: | +3.24% | |
| Price / MA50: | +3.61% | |
| Price / MA100: | +3.07% | |
| Price / MAexp7: | +2.93% | |
| Price / MAexp20: | +3.36% | |
| Price / MAexp50: | +3.33% | |
| Price / MAexp100: | +2.93% |
News
The latest news and videos published on ARTESIAN RESOURCES at the time of the analysis were as follows:
- RushNet, Inc., Using the Robust Mineral Properties of its Ownership Interest in Deep Artesian Wells, Will Also Produce its Recently Trademarked KO™ and KOPunch™, Including a New Energy Drink with a Non-Caffeinated Version
- RushNet, Inc., with its Ownership Interest in Deep Artesian Wells, Will Produce KnockoutPunch™, Awater™ and Ewater™
- Abattis Signs LOI with Canadian Artesian Ice, Bottlers of Clearly Canadian Products, to Manufacture CBD-infused Mineral Water
-
Artesian Resources
- Artesian Resources Corporation Declares Common Stock Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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