CIRRUS LOGIC INC. - Daily - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 78.17 USD
My targets
85.88 USD (+3.27%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CIRRUS LOGIC INC. as long as the price remains well above 78.17 USD. The buyers” bullish objective is set at 85.88 USD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
4.5
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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
CIRRUS LOGIC INC. rating 83.16 USD. The price registered a decrease of -1.13% on the session and was traded between 83.11 USD and 84.10 USD over the period. The price is currently at +0.06% from its lowest and -1.12% from its highest.83.11
84.10
83.16
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 (1 year)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CIRRUS LOGIC INC. indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 49.41 | 57.08 | 71.16 | 83.16 | 85.88 |
| Change (%) | -40.58% | -31.36% | -14.43% | - | +3.27% |
| Change | -33.75 | -26.08 | -12.00 | - | +2.72 |
| Level | Intermediate | Intermediate | Major | - | 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 | 82.40 | 83.17 | 83.64 | 84.42 | 84.89 | 85.66 | 86.13 |
| Camarilla | 83.77 | 83.88 | 84.00 | 84.11 | 84.22 | 84.34 | 84.45 |
| Woodie | 82.24 | 83.09 | 83.49 | 84.34 | 84.73 | 85.58 | 85.98 |
| Fibonacci | 83.17 | 83.65 | 83.94 | 84.42 | 84.89 | 85.18 | 85.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.16 | 81.74 | 82.92 | 84.50 | 85.68 | 87.26 | 88.44 |
| Camarilla | 83.35 | 83.60 | 83.86 | 84.11 | 84.36 | 84.62 | 84.87 |
| Woodie | 79.97 | 81.64 | 82.73 | 84.40 | 85.49 | 87.16 | 88.25 |
| Fibonacci | 81.74 | 82.79 | 83.44 | 84.50 | 85.55 | 86.20 | 87.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.64 | 63.07 | 72.74 | 78.17 | 87.84 | 93.27 | 102.94 |
| Camarilla | 78.26 | 79.64 | 81.03 | 82.41 | 83.79 | 85.18 | 86.56 |
| Woodie | 59.76 | 64.13 | 74.86 | 79.23 | 89.96 | 94.33 | 105.06 |
| Fibonacci | 63.07 | 68.84 | 72.40 | 78.17 | 83.94 | 87.50 | 93.27 |
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): | 57.21 | |
| MACD (12,26,9): | 2.1400 | |
| Directional Movement: | 7.88 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 85.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 82.73 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 80.39 | |
| Zig ZAG (10): | 83.16 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 48.13 | |
| TEMA (21): | 85.05 | |
| Williams %R (14): | -66.28 | |
| Chande Momentum Oscillator (20): | -1.86 | |
| Repulse (5,40,3): | -2.5500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.5000 | |
| Courbe Coppock: | 3.96 |
| MA7: | 84.42 | |
| MA20: | 83.63 | |
| MA50: | 77.32 | |
| MA100: | 66.80 | |
| MAexp7: | 84.08 | |
| MAexp20: | 82.70 | |
| MAexp50: | 77.10 | |
| MAexp100: | 69.43 | |
| Price / MA7: | -1.49% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | +7.55% | |
| Price / MA100: | +24.49% | |
| Price / MAexp7: | -1.09% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +7.86% | |
| Price / MAexp100: | +19.78% |
News
The last news published on CIRRUS LOGIC INC. at the time of the generation of this analysis was as follows:
- Cirrus Logic to Announce Q3 Results January 29
- Cirrus Logic to Announce Q2 Results October 30
- Cirrus Logic Introduces Industry’s Smallest, Low-Power Boosted Smart Audio Amplifier to Support Global Shift to Mobile Stereo
- Detailed Research: Economic Perspectives on Haemonetics, Endologix, NRG Yield, Cirrus Logic, Macquarie Infrastructure, and Shake Shack — What Drives Growth in Today's Competitive Landscape
- New Research: Key Drivers of Growth for Cirrus Logic, Crown, Macquarie Infrastructure, Transdigm Group, Steven Madden, and Shake Shack — Factors of Influence, Major Initiatives and Sustained Production
This member declared not having a position on this financial instrument or a related financial instrument.
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