VIRGIN GALACTIC HLD. - Weekly - Technical analysis published on 12/03/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 15.58 USD
My targets
13.66 USD (-9.42%)
11.32 USD (-24.93%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VIRGIN GALACTIC HLD. as long as the price remains well below 15.58 USD. The sellers' bearish objective is set at 13.66 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.32 USD. In case of crossing, the next objective would be the support located at 10.08 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.3
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This analysis was given by skyallex. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VIRGIN GALACTIC HLD. rating 15.08 USD. The price registered a decrease of -9.86% over 5 days and has been traded over the last 5 days between 14.80 USD and 16.85 USD. This implies that the 5 day price is +1.89% from its lowest point and -10.50% from its highest point.14.80
16.85
15.08
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of VIRGIN GALACTIC HLD. in Weekly shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Weekly
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 10.08 | 15.08 | 15.58 | 20.18 | 25.54 |
| Change (%) | -33.16% | - | +3.32% | +33.82% | +69.36% |
| Change | -5.00 | - | +0.50 | +5.10 | +10.46 |
| Level | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.52 | 13.98 | 14.53 | 14.99 | 15.54 | 16.00 | 16.55 |
| Camarilla | 14.80 | 14.90 | 14.99 | 15.08 | 15.17 | 15.27 | 15.36 |
| Woodie | 13.57 | 14.00 | 14.58 | 15.01 | 15.59 | 16.02 | 16.60 |
| Fibonacci | 13.98 | 14.37 | 14.60 | 14.99 | 15.38 | 15.61 | 16.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.65 | 13.05 | 14.06 | 15.46 | 16.47 | 17.87 | 18.88 |
| Camarilla | 14.42 | 14.64 | 14.86 | 15.08 | 15.30 | 15.52 | 15.74 |
| Woodie | 11.47 | 12.95 | 13.88 | 15.36 | 16.29 | 17.77 | 18.70 |
| Fibonacci | 13.05 | 13.97 | 14.54 | 15.46 | 16.38 | 16.95 | 17.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.31 | 11.32 | 13.66 | 17.67 | 20.01 | 24.02 | 26.36 |
| Camarilla | 14.25 | 14.84 | 15.42 | 16.00 | 16.58 | 17.16 | 17.75 |
| Woodie | 6.48 | 10.90 | 12.83 | 17.25 | 19.18 | 23.60 | 25.53 |
| Fibonacci | 11.32 | 13.75 | 15.24 | 17.67 | 20.10 | 21.59 | 24.02 |
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): | 36.23 | |
| MACD (12,26,9): | -3.7000 | |
| Directional Movement: | -8.78 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 18.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.47 | |
| Elder Ray (13): | -4.81 | |
| Super Trend (3,10): | 26.73 | |
| Zig ZAG (10): | 15.08 | |
| VORTEX (21): | 0.6800 | |
| Stochastique (14,3,5): | 3.36 | |
| TEMA (21): | 15.24 | |
| Williams %R (14): | -95.54 | |
| Chande Momentum Oscillator (20): | -10.08 | |
| Repulse (5,40,3): | -26.8800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.4600 | |
| Courbe Coppock: | 70.04 |
| MA7: | 16.11 | |
| MA20: | 17.92 | |
| MA50: | 20.25 | |
| MA100: | 24.05 | |
| MAexp7: | 18.08 | |
| MAexp20: | 22.56 | |
| MAexp50: | 25.37 | |
| MAexp100: | 23.60 | |
| Price / MA7: | -6.39% | |
| Price / MA20: | -15.85% | |
| Price / MA50: | -25.53% | |
| Price / MA100: | -37.30% | |
| Price / MAexp7: | -16.59% | |
| Price / MAexp20: | -33.16% | |
| Price / MAexp50: | -40.56% | |
| Price / MAexp100: | -36.10% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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