HUTCHMED (CHINA) LIMITED ORD USD0.10 - Daily - Technical analysis published on 10/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 284.6 GBX
My targets
204.1 GBX (-22.98%)
116.5 GBX (-56.04%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on HUTCHISON CHINA MEDITECH LTD. USD0.10 as long as the price remains well below 284.6 GBX. The sellers” bearish objective is set at 204.1 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 116.5 GBX. In case of crossing, the next objective would be the support located at 57.1 GBX. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.5
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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 HUTCHISON CHINA MEDITECH LTD. USD0.10 rating is 265.0 GBX. The price registered a decrease of -3.99% on the session and was traded between 265.0 GBX and 280.0 GBX over the period. The price is currently at 0% from its lowest and -5.36% from its highest.265.0
280.0
265.0
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of HUTCHISON CHINA MEDITECH LTD. USD0.10 in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 57.1 | 116.5 | 204.1 | 265.0 | 284.6 | 330.5 | 362.9 |
| Change (%) | -78.45% | -56.04% | -22.98% | - | +7.40% | +24.72% | +36.94% |
| Change | -207.9 | -148.5 | -60.9 | - | +19.6 | +65.5 | +97.9 |
| Level | Minor | Minor | Major | - | Major | 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 | 243.6 | 259.8 | 267.9 | 284.1 | 292.2 | 308.4 | 316.5 |
| Camarilla | 269.3 | 271.6 | 273.8 | 276.0 | 278.2 | 280.5 | 282.7 |
| Woodie | 239.6 | 257.8 | 263.9 | 282.1 | 288.2 | 306.4 | 312.4 |
| Fibonacci | 259.8 | 269.1 | 274.8 | 284.1 | 293.4 | 299.1 | 308.4 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 218.2 | 239.3 | 272.2 | 293.3 | 326.2 | 347.3 | 380.2 |
| Camarilla | 290.2 | 295.1 | 300.1 | 305.0 | 310.0 | 314.9 | 319.9 |
| Woodie | 224.0 | 242.3 | 278.0 | 296.3 | 332.0 | 350.3 | 386.0 |
| Fibonacci | 239.3 | 260.0 | 272.7 | 293.3 | 314.0 | 326.7 | 347.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.2 | 192.3 | 238.7 | 306.8 | 353.2 | 421.3 | 467.7 |
| Camarilla | 253.5 | 264.0 | 274.5 | 285.0 | 295.5 | 306.0 | 316.5 |
| Woodie | 113.3 | 186.9 | 227.8 | 301.4 | 342.3 | 415.9 | 456.8 |
| Fibonacci | 192.3 | 236.1 | 263.1 | 306.8 | 350.6 | 377.6 | 421.3 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 32.00 | |
| MACD (12,26,9): | -15.6000 | |
| Directional Movement: | -13.8 | |
| AROON (14): | -35.7 | |
| DEMA (21): | 284.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 319.5 | |
| Elder Ray (13): | -22.3 | |
| Super Trend (3,10): | 334.3 | |
| Zig ZAG (10): | 265.0 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 19.50 | |
| TEMA (21): | 276.5 | |
| Williams %R (14): | -93.30 | |
| Chande Momentum Oscillator (20): | -45.0 | |
| Repulse (5,40,3): | -13.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6000 | |
| Courbe Coppock: | 25.60 |
| MA7: | 292.3 | |
| MA20: | 306.7 | |
| MA50: | 328.2 | |
| MA100: | 359.3 | |
| MAexp7: | 287.8 | |
| MAexp20: | 303.3 | |
| MAexp50: | 325.7 | |
| MAexp100: | 350.2 | |
| Price / MA7: | -9.34% | |
| Price / MA20: | -13.60% | |
| Price / MA50: | -19.26% | |
| Price / MA100: | -26.25% | |
| Price / MAexp7: | -7.92% | |
| Price / MAexp20: | -12.63% | |
| Price / MAexp50: | -18.64% | |
| Price / MAexp100: | -24.33% |
News
Don"t forget to follow the news on HUTCHISON CHINA MEDITECH LTD. USD0.10. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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