CITRIX SYSTEMS INC. - 1H - Technical analysis published on 07/19/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
CITRIX SYSTEMS INC. Chart
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 101.59 USD
My targets
102.99 USD (+0.85%)
106.34 USD (+4.13%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CITRIX SYSTEMS INC.. As long as you are above the support located at 101.59 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 102.99 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 106.34 USD as an objective. Crossing it would then enable buyers to target 110.23 USD. If the support 101.59 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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This analysis was given by Londinia.
Additional analysis
Quotes
The CITRIX SYSTEMS INC. price is 102.12 USD. The price is lower by -0.05% since the last closing and was traded between 102.00 USD and 102.48 USD over the period. The price is currently at +0.12% from its lowest and -0.35% from its highest.102.00
102.48
102.12
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CITRIX SYSTEMS INC. in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 95.88 | 98.48 | 101.59 | 102.12 | 102.99 | 106.34 | 110.23 |
| Change (%) | -6.11% | -3.56% | -0.52% | - | +0.85% | +4.13% | +7.94% |
| Change | -6.24 | -3.64 | -0.53 | - | +0.87 | +4.22 | +8.11 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Intermediate |
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 | 101.40 | 101.77 | 101.97 | 102.34 | 102.54 | 102.91 | 103.11 |
| Camarilla | 102.01 | 102.07 | 102.12 | 102.17 | 102.22 | 102.28 | 102.33 |
| Woodie | 101.32 | 101.73 | 101.89 | 102.30 | 102.46 | 102.87 | 103.03 |
| Fibonacci | 101.77 | 101.99 | 102.12 | 102.34 | 102.56 | 102.69 | 102.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.93 | 96.64 | 99.58 | 101.29 | 104.23 | 105.94 | 108.88 |
| Camarilla | 101.25 | 101.68 | 102.10 | 102.53 | 102.96 | 103.38 | 103.81 |
| Woodie | 95.56 | 96.95 | 100.21 | 101.60 | 104.86 | 106.25 | 109.51 |
| Fibonacci | 96.64 | 98.41 | 99.51 | 101.29 | 103.06 | 104.16 | 105.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.20 | 82.93 | 90.05 | 95.78 | 102.90 | 108.63 | 115.75 |
| Camarilla | 93.64 | 94.81 | 95.99 | 97.17 | 98.35 | 99.53 | 100.70 |
| Woodie | 77.90 | 83.28 | 90.75 | 96.13 | 103.60 | 108.98 | 116.45 |
| Fibonacci | 82.93 | 87.84 | 90.87 | 95.78 | 100.69 | 103.72 | 108.63 |
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): | 47.51 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | -0.89 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 102.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 102.81 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 101.91 | |
| Zig ZAG (10): | 102.07 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 9.47 | |
| TEMA (21): | 102.23 | |
| Williams %R (14): | -88.73 | |
| Chande Momentum Oscillator (20): | -0.43 | |
| Repulse (5,40,3): | -0.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.54 |
| MA7: | 102.04 | |
| MA20: | 99.24 | |
| MA50: | 98.94 | |
| MA100: | 100.15 | |
| MAexp7: | 102.27 | |
| MAexp20: | 102.29 | |
| MAexp50: | 101.47 | |
| MAexp100: | 100.26 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | +2.90% | |
| Price / MA50: | +3.21% | |
| Price / MA100: | +1.97% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +1.86% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on CITRIX SYSTEMS INC.. At the time of publication of this analysis, the latest news was as follows:
- Citrix Provides Update on Pending Acquisition by Affiliates of Vista Equity Partners and Evergreen Coast Capital
- Nearly 80% of Employees are Working at Cross Purposes to Their Colleagues
- Modern Work Complexities Cost Organizations $60M Annually; Expected to Increase by 53% in Five Years
- Marc O’Polo Sews Up Future of Work with Citrix®
- Citrix® a Leader in Zero-Trust Network Access
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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