IMCD - Daily - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 76.55 EUR
My targets
81.90 EUR (+3.74%)
My analysis
The bullish trend is currently very strong on IMCD. As long as the price remains above the support at 76.55 EUR, you could try to benefit from the boom. The first bullish objective is located at 81.90 EUR. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.1
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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
IMCD rating 78.95 EUR. The price is lower by -0.50% since the last closing with the lowest point at 78.55 EUR and the highest point at 79.85 EUR. The deviation from the price is +0.51% for the low point and -1.13% for the high point.78.55
79.85
78.95
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
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
Technical
A technical analysis in Daily of this IMCD chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
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 | 67.95 | 71.76 | 76.55 | 78.95 | 81.90 |
| Change (%) | -13.93% | -9.11% | -3.04% | - | +3.74% |
| Change | -11.00 | -7.19 | -2.40 | - | +2.95 |
| Level | Intermediate | Intermediate | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.27 | 76.98 | 78.17 | 78.88 | 80.07 | 80.78 | 81.97 |
| Camarilla | 78.83 | 79.00 | 79.18 | 79.35 | 79.52 | 79.70 | 79.87 |
| Woodie | 76.50 | 77.10 | 78.40 | 79.00 | 80.30 | 80.90 | 82.20 |
| Fibonacci | 76.98 | 77.71 | 78.16 | 78.88 | 79.61 | 80.06 | 80.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.60 | 67.45 | 72.85 | 75.70 | 81.10 | 83.95 | 89.35 |
| Camarilla | 75.98 | 76.74 | 77.49 | 78.25 | 79.01 | 79.76 | 80.52 |
| Woodie | 65.88 | 68.09 | 74.13 | 76.34 | 82.38 | 84.59 | 90.63 |
| Fibonacci | 67.45 | 70.60 | 72.55 | 75.70 | 78.85 | 80.80 | 83.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.67 | 62.63 | 69.07 | 73.03 | 79.47 | 83.43 | 89.87 |
| Camarilla | 72.64 | 73.59 | 74.55 | 75.50 | 76.45 | 77.41 | 78.36 |
| Woodie | 59.90 | 63.25 | 70.30 | 73.65 | 80.70 | 84.05 | 91.10 |
| Fibonacci | 62.63 | 66.61 | 69.06 | 73.03 | 77.01 | 79.46 | 83.43 |
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): | 66.41 | |
| MACD (12,26,9): | 1.7900 | |
| Directional Movement: | 6.05 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 77.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 71.91 | |
| Elder Ray (13): | 2.62 | |
| Super Trend (3,10): | 73.22 | |
| Zig ZAG (10): | 78.95 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 94.60 | |
| TEMA (21): | 78.54 | |
| Williams %R (14): | -9.42 | |
| Chande Momentum Oscillator (20): | 3.20 | |
| Repulse (5,40,3): | 2.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2900 | |
| Courbe Coppock: | 9.93 |
| MA7: | 77.24 | |
| MA20: | 75.39 | |
| MA50: | 72.22 | |
| MA100: | 70.77 | |
| MAexp7: | 77.69 | |
| MAexp20: | 75.62 | |
| MAexp50: | 73.22 | |
| MAexp100: | 72.08 | |
| Price / MA7: | +2.21% | |
| Price / MA20: | +4.72% | |
| Price / MA50: | +9.32% | |
| Price / MA100: | +11.56% | |
| Price / MAexp7: | +1.62% | |
| Price / MAexp20: | +4.40% | |
| Price / MAexp50: | +7.83% | |
| Price / MAexp100: | +9.53% |
News
Don"t forget to follow the news on IMCD. At the time of publication of this analysis, the latest news was as follows:
- IMCD to acquire Swiss based DCS Pharma AG
- IMCD reports 17% EBITA growth in the first half of 2019
- IMCD - Resolutions Annual General Meeting 8 May 2019
- IMCD reports 28% EBITA growth in the first three months of 2019
- IMCD to nominate Supervisory Board chairman for (re)appointment
This member declared not having a position on this financial instrument or a related financial instrument.
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