TUBIZE-FIN - Daily - Technical analysis published on 12/18/2019 (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
78%
6%
17%
My opinion
Bullish above 62.9 EUR
My targets
66.9 EUR (+4.21%)
68.9 EUR (+7.32%)
My analysis
TUBIZE-FIN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 62.9 EUR. The next resistance located at 66.9 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 68.9 EUR. After this resistance, buyers could then target 71.3 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.4
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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
TUBIZE-FIN rating 64.2 EUR. On the day, this instrument gained +0.47% and was between 64.0 EUR and 64.2 EUR. This implies that the price is at +0.31% from its lowest and at 0% from its highest.64.0
64.2
64.2
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TUBIZE-FIN:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TUBIZE-FIN in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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 shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 60.7 | 62.9 | 64.0 | 64.2 | 65.0 | 66.9 | 68.9 |
| Change (%) | -5.45% | -2.02% | -0.31% | - | +1.25% | +4.21% | +7.32% |
| Change | -3.5 | -1.3 | -0.2 | - | +0.8 | +2.7 | +4.7 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Major |
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 | 62.9 | 63.2 | 63.5 | 63.8 | 64.1 | 64.4 | 64.7 |
| Camarilla | 63.7 | 63.8 | 63.9 | 63.9 | 64.0 | 64.0 | 64.1 |
| Woodie | 63.0 | 63.2 | 63.6 | 63.8 | 64.2 | 64.4 | 64.8 |
| Fibonacci | 63.2 | 63.4 | 63.5 | 63.8 | 64.0 | 64.1 | 64.4 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.0 | 60.1 | 61.2 | 62.3 | 63.4 | 64.5 | 65.6 |
| Camarilla | 61.8 | 62.0 | 62.2 | 62.4 | 62.6 | 62.8 | 63.0 |
| Woodie | 59.1 | 60.1 | 61.3 | 62.3 | 63.5 | 64.5 | 65.7 |
| Fibonacci | 60.1 | 60.9 | 61.4 | 62.3 | 63.1 | 63.6 | 64.5 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.1 | 60.5 | 62.2 | 63.6 | 65.3 | 66.7 | 68.4 |
| Camarilla | 63.1 | 63.3 | 63.6 | 63.9 | 64.2 | 64.5 | 64.8 |
| Woodie | 59.3 | 60.6 | 62.4 | 63.7 | 65.5 | 66.8 | 68.6 |
| Fibonacci | 60.5 | 61.7 | 62.4 | 63.6 | 64.8 | 65.5 | 66.7 |
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): | 60.30 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 7.0 | |
| AROON (14): | -50.0 | |
| DEMA (21): | 63.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.2 | |
| Elder Ray (13): | 1.0 | |
| Super Trend (3,10): | 61.6 | |
| Zig ZAG (10): | 64.2 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 72.80 | |
| TEMA (21): | 63.1 | |
| Williams %R (14): | -18.40 | |
| Chande Momentum Oscillator (20): | 1.6 | |
| Repulse (5,40,3): | 0.8000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.60 |
| MA7: | 62.9 | |
| MA20: | 63.1 | |
| MA50: | 62.4 | |
| MA100: | 60.3 | |
| MAexp7: | 63.3 | |
| MAexp20: | 63.0 | |
| MAexp50: | 62.2 | |
| MAexp100: | 61.4 | |
| Price / MA7: | +2.07% | |
| Price / MA20: | +1.74% | |
| Price / MA50: | +2.88% | |
| Price / MA100: | +6.47% | |
| Price / MAexp7: | +1.42% | |
| Price / MAexp20: | +1.90% | |
| Price / MAexp50: | +3.22% | |
| Price / MAexp100: | +4.56% |
This member declared not having a position on this financial instrument or a related financial instrument.
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