BLUEPRINT MEDICINES - Daily - Technical analysis published on 10/10/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 73.59 USD
My targets
66.66 USD (-7.34%)
59.37 USD (-17.47%)
My analysis
The bearish trend is currently very strong for BLUEPRINT MEDICINES. As long as the price remains below the resistance at 73.59 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 66.66 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 59.37 USD as an objective. Crossing it would then enable sellers to target 53.91 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.9
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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 BLUEPRINT MEDICINES rating is 71.94 USD. The price registered a decrease of -0.01% on the session and was between 70.81 USD and 72.58 USD. This implies that the price is at +1.60% from its lowest and at -0.88% from its highest.70.81
72.58
71.94
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BLUEPRINT MEDICINES indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 53.91 | 59.37 | 66.66 | 71.94 | 73.59 | 81.03 | 86.67 |
| Change (%) | -25.06% | -17.47% | -7.34% | - | +2.29% | +12.64% | +20.48% |
| Change | -18.03 | -12.57 | -5.28 | - | +1.65 | +9.09 | +14.73 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 69.62 | 70.72 | 71.34 | 72.44 | 73.06 | 74.16 | 74.78 |
| Camarilla | 71.48 | 71.64 | 71.79 | 71.95 | 72.11 | 72.27 | 72.42 |
| Woodie | 69.37 | 70.60 | 71.09 | 72.32 | 72.81 | 74.04 | 74.53 |
| Fibonacci | 70.72 | 71.38 | 71.79 | 72.44 | 73.10 | 73.51 | 74.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.51 | 67.85 | 71.17 | 73.51 | 76.83 | 79.17 | 82.49 |
| Camarilla | 72.92 | 73.44 | 73.96 | 74.48 | 75.00 | 75.52 | 76.04 |
| Woodie | 65.99 | 68.10 | 71.65 | 73.76 | 77.31 | 79.42 | 82.97 |
| Fibonacci | 67.85 | 70.02 | 71.35 | 73.51 | 75.68 | 77.01 | 79.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.04 | 61.46 | 67.47 | 74.89 | 80.90 | 88.32 | 94.33 |
| Camarilla | 69.78 | 71.01 | 72.24 | 73.47 | 74.70 | 75.93 | 77.16 |
| Woodie | 53.33 | 61.11 | 66.76 | 74.54 | 80.19 | 87.97 | 93.62 |
| Fibonacci | 61.46 | 66.59 | 69.76 | 74.89 | 80.02 | 83.19 | 88.32 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.17 | |
| MACD (12,26,9): | -2.2000 | |
| Directional Movement: | -16.49 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 71.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.31 | |
| Elder Ray (13): | -2.15 | |
| Super Trend (3,10): | 80.74 | |
| Zig ZAG (10): | 71.94 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 19.43 | |
| TEMA (21): | 72.02 | |
| Williams %R (14): | -81.45 | |
| Chande Momentum Oscillator (20): | -4.57 | |
| Repulse (5,40,3): | -1.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3700 | |
| Courbe Coppock: | 16.55 |
| MA7: | 72.94 | |
| MA20: | 75.94 | |
| MA50: | 79.38 | |
| MA100: | 85.55 | |
| MAexp7: | 72.79 | |
| MAexp20: | 74.94 | |
| MAexp50: | 79.05 | |
| MAexp100: | 81.27 | |
| Price / MA7: | -1.37% | |
| Price / MA20: | -5.27% | |
| Price / MA50: | -9.37% | |
| Price / MA100: | -15.91% | |
| Price / MAexp7: | -1.17% | |
| Price / MAexp20: | -4.00% | |
| Price / MAexp50: | -8.99% | |
| Price / MAexp100: | -11.48% |
News
Don"t forget to follow the news on BLUEPRINT MEDICINES. At the time of publication of this analysis, the latest news was as follows:
- Blueprint Medicines to Present at Upcoming Investor Conferences in September
- Blueprint Medicines Announces FDA Acceptance of New Drug Application for Avapritinib for the Treatment of PDGFRA Exon 18 Mutant GIST and Fourth-Line GIST
- Blueprint Medicines to Present at 2019 Wedbush PacGrow Healthcare Conference
- Blueprint Medicines Reports Second Quarter 2019 Financial Results
- Blueprint Medicines to Report Second Quarter 2019 Financial Results on Thursday, August 1, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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