WEIBO CORP. - Daily - Technical analysis published on 02/06/2020 (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
44%
17%
39%
My opinion
Bearish under 49.70 USD
My targets
44.23 USD (-2.30%)
40.68 USD (-10.14%)
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 WEIBO CORP.. As long as you are under the resistance located at 49.70 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 44.23 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 40.68 USD as an objective. Crossing it would then enable sellers to target 34.91 USD. If the resistance 49.70 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
2.3
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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
The WEIBO CORP. rating is 45.27 USD. The price has increased by +2.24% since the last closing and was traded between 44.46 USD and 45.56 USD over the period. The price is currently at +1.82% from its lowest and -0.64% from its highest.44.46
45.56
45.27
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:
Technical
Technical analysis of this Daily chart of WEIBO CORP. indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 34.91 | 40.68 | 44.23 | 45.27 | 50.19 | 54.72 | 58.63 |
Change (%) | -22.88% | -10.14% | -2.30% | - | +10.87% | +20.87% | +29.51% |
Change | -10.36 | -4.59 | -1.04 | - | +4.92 | +9.45 | +13.36 |
Level | Minor | Major | Major | - | Major | Major | Minor |
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 | 40.81 | 42.26 | 43.27 | 44.72 | 45.73 | 47.18 | 48.19 |
Camarilla | 43.60 | 43.83 | 44.06 | 44.28 | 44.51 | 44.73 | 44.96 |
Woodie | 40.59 | 42.15 | 43.05 | 44.61 | 45.51 | 47.07 | 47.97 |
Fibonacci | 42.26 | 43.20 | 43.78 | 44.72 | 45.66 | 46.24 | 47.18 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 37.08 | 38.94 | 40.78 | 42.64 | 44.48 | 46.34 | 48.18 |
Camarilla | 41.60 | 41.94 | 42.28 | 42.62 | 42.96 | 43.30 | 43.64 |
Woodie | 37.07 | 38.94 | 40.77 | 42.64 | 44.47 | 46.34 | 48.17 |
Fibonacci | 38.94 | 40.35 | 41.23 | 42.64 | 44.05 | 44.93 | 46.34 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 26.64 | 33.72 | 38.17 | 45.25 | 49.70 | 56.78 | 61.23 |
Camarilla | 39.45 | 40.51 | 41.56 | 42.62 | 43.68 | 44.73 | 45.79 |
Woodie | 25.33 | 33.06 | 36.86 | 44.59 | 48.39 | 56.12 | 59.92 |
Fibonacci | 33.72 | 38.12 | 40.85 | 45.25 | 49.65 | 52.38 | 56.78 |
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): | 49.73 | |
MACD (12,26,9): | -0.7100 | |
Directional Movement: | -8.74 | |
AROON (14): | -42.86 | |
DEMA (21): | 44.31 | |
Parabolic SAR (0,02-0,02-0,2): | 46.24 | |
Elder Ray (13): | 0.25 | |
Super Trend (3,10): | 48.76 | |
Zig ZAG (10): | 45.23 | |
VORTEX (21): | 0.8600 | |
Stochastique (14,3,5): | 47.19 | |
TEMA (21): | 43.70 | |
Williams %R (14): | -40.69 | |
Chande Momentum Oscillator (20): | 1.17 | |
Repulse (5,40,3): | -1.7500 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.2100 | |
Courbe Coppock: | 16.08 |
MA7: | 44.19 | |
MA20: | 45.70 | |
MA50: | 45.59 | |
MA100: | 46.79 | |
MAexp7: | 44.52 | |
MAexp20: | 45.19 | |
MAexp50: | 45.86 | |
MAexp100: | 46.31 | |
Price / MA7: | +2.44% | |
Price / MA20: | -0.94% | |
Price / MA50: | -0.70% | |
Price / MA100: | -3.25% | |
Price / MAexp7: | +1.68% | |
Price / MAexp20: | +0.18% | |
Price / MAexp50: | -1.29% | |
Price / MAexp100: | -2.25% |
News
The last news published on WEIBO CORP. at the time of the generation of this analysis was as follows:
- Weibo Reports Third Quarter 2019 Unaudited Financial Results
- Weibo Corporation to Report Third Quarter 2019 Financial Results on November 14, 2019
- Weibo Reports Second Quarter 2019 Unaudited Financial Results
- Weibo Corporation to Report Second Quarter 2019 Financial Results on August 19, 2019
- Weibo Announces Pricing of US$800 Million Notes Offering
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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