ALKERMES PLC - Daily - Technical analysis published on 07/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 23.43 USD
My targets
21.49 USD (-6.93%)
19.09 USD (-17.32%)
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 ALKERMES PLC. As long as you are under the resistance located at 23.43 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 21.49 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 19.09 USD as an objective. Crossing it would then enable sellers to target 13.32 USD. If the resistance 23.43 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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 ALKERMES PLC rating is 23.09 USD. The price is lower by -4.90% since the last closing with the lowest point at 23.00 USD and the highest point at 24.17 USD. The deviation from the price is +0.39% for the low point and -4.47% for the high point.23.00
24.17
23.09
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ALKERMES PLC in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.32 | 19.09 | 21.49 | 23.09 | 23.43 | 29.05 | 34.12 |
| Change (%) | -42.31% | -17.32% | -6.93% | - | +1.47% | +25.81% | +47.77% |
| Change | -9.77 | -4.00 | -1.60 | - | +0.34 | +5.96 | +11.03 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Intermediate |
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 | 21.92 | 22.48 | 23.38 | 23.93 | 24.83 | 25.39 | 26.29 |
| Camarilla | 23.88 | 24.01 | 24.15 | 24.28 | 24.41 | 24.55 | 24.68 |
| Woodie | 22.10 | 22.56 | 23.55 | 24.02 | 25.01 | 25.47 | 26.46 |
| Fibonacci | 22.48 | 23.03 | 23.38 | 23.93 | 24.49 | 24.83 | 25.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.33 | 21.02 | 21.78 | 22.47 | 23.23 | 23.92 | 24.68 |
| Camarilla | 22.13 | 22.26 | 22.40 | 22.53 | 22.66 | 22.80 | 22.93 |
| Woodie | 20.36 | 21.04 | 21.81 | 22.49 | 23.26 | 23.94 | 24.71 |
| Fibonacci | 21.02 | 21.58 | 21.92 | 22.47 | 23.03 | 23.37 | 23.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.87 | 20.08 | 21.31 | 22.52 | 23.75 | 24.96 | 26.19 |
| Camarilla | 21.87 | 22.09 | 22.32 | 22.54 | 22.76 | 22.99 | 23.21 |
| Woodie | 18.88 | 20.09 | 21.32 | 22.53 | 23.76 | 24.97 | 26.20 |
| Fibonacci | 20.08 | 21.01 | 21.59 | 22.52 | 23.45 | 24.03 | 24.96 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.93 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 7.50 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 22.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.69 | |
| Elder Ray (13): | 0.54 | |
| Super Trend (3,10): | 21.22 | |
| Zig ZAG (10): | 23.14 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 71.45 | |
| TEMA (21): | 23.64 | |
| Williams %R (14): | -47.92 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | -2.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 8.46 |
| MA7: | 23.23 | |
| MA20: | 22.74 | |
| MA50: | 23.25 | |
| MA100: | 28.30 | |
| MAexp7: | 23.27 | |
| MAexp20: | 23.03 | |
| MAexp50: | 24.27 | |
| MAexp100: | 26.98 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | +1.54% | |
| Price / MA50: | -0.69% | |
| Price / MA100: | -18.41% | |
| Price / MAexp7: | -0.77% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | -4.86% | |
| Price / MAexp100: | -14.42% |
News
Don"t forget to follow the news on ALKERMES PLC. At the time of publication of this analysis, the latest news was as follows:
- Alkermes to Host Conference Call to Discuss Second Quarter 2019 Financial Results
- Alkermes to Host Conference Call to Discuss Second Quarter 2019 Financial Results
- Alkermes Expands Planned New Drug Application for ALKS 3831 to Include Treatment of Bipolar I Disorder
- Alkermes Demonstrates Commitment to Local Community for 11th Consecutive Year With Largest Volunteer Event in Company History
- Alkermes Advances ALKS 4230 into Monotherapy Expansion Phase of ARTISTRY-1 in Patients With Renal Cell Carcinoma or Melanoma
This member declared not having a position on this financial instrument or a related financial instrument.
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