CIRRUS LOGIC INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	CRUS
ISIN:

CIRRUS LOGIC INC. - Daily - Technical analysis published on 08/01/2019 (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

89%

11%

My opinion

Bullish above 50.02 USD

My targets

59.09 USD (+0.31%)

63.96 USD (+8.57%)

My analysis

CIRRUS LOGIC INC. 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 50.02 USD. The next resistance located at 59.09 USD 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 63.96 USD. After this resistance, buyers could then target 71.16 USD. 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.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CIRRUS LOGIC INC. rating is 58.91 USD. On the day, this instrument gained +20.10% and was traded between 51.40 USD and 58.93 USD over the period. The price is currently at +14.61% from its lowest and -0.03% from its highest.

51.40

58.93

58.91

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CIRRUS LOGIC INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	38.14	44.87	50.02	58.91	59.09	63.96	71.16
Change (%)	-35.26%	-23.83%	-15.09%	-	+0.31%	+8.57%	+20.79%
Change	-20.77	-14.04	-8.89	-	+0.18	+5.05	+12.25
Level	Major	Major	Major	-	Minor	Minor	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	47.13	47.90	48.47	49.24	49.82	50.59	51.16
Camarilla	48.68	48.80	48.93	49.05	49.17	49.30	49.42
Woodie	47.03	47.85	48.38	49.19	49.72	50.54	51.07
Fibonacci	47.90	48.41	48.73	49.24	49.76	50.07	50.59

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.11	44.37	46.50	47.76	49.89	51.15	53.28
Camarilla	47.70	48.01	48.32	48.63	48.94	49.25	49.56
Woodie	43.55	44.59	46.94	47.98	50.33	51.37	53.72
Fibonacci	44.37	45.67	46.47	47.76	49.06	49.86	51.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.74	37.98	43.52	46.76	52.30	55.54	61.08
Camarilla	46.64	47.44	48.25	49.05	49.86	50.66	51.47
Woodie	35.88	38.56	44.66	47.34	53.44	56.12	62.22
Fibonacci	37.98	41.34	43.41	46.76	50.12	52.19	55.54

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	86.40
MACD (12,26,9):	2.5000
Directional Movement:	51.22
AROON (14):	100.00
DEMA (21):	50.26
Parabolic SAR (0,02-0,02-0,2):	45.83
Elder Ray (13):	6.19
Super Trend (3,10):	49.16
Zig ZAG (10):	58.30
VORTEX (21):	1.1200
Stochastique (14,3,5):	94.81
TEMA (21):	52.06
Williams %R (14):	-1.46
Chande Momentum Oscillator (20):	14.21
Repulse (5,40,3):	16.6500
ROCnROLL:	1
TRIX (15,9):	0.5300
Courbe Coppock:	32.54

MA7:	50.22
MA20:	46.24
MA50:	43.04
MA100:	43.80
MAexp7:	50.82
MAexp20:	47.35
MAexp50:	44.93
MAexp100:	43.48
Price / MA7:	+17.30%
Price / MA20:	+27.40%
Price / MA50:	+36.87%
Price / MA100:	+34.50%
Price / MAexp7:	+15.92%
Price / MAexp20:	+24.41%
Price / MAexp50:	+31.12%
Price / MAexp100:	+35.49%

News

Don"t forget to follow the news on CIRRUS LOGIC INC.. 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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