IAMGOLD CORP. - Daily - Technical analysis published on 01/27/2020 (GMT)
- Who voted?
- 291
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 3.23 USD
My targets
2.83 USD (-5.98%)
2.60 USD (-13.62%)
My analysis
IAMGOLD CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.23 USD. The next support located at 2.83 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.60 USD. Below this support, sellers could then target 2.41 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.3
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 IAMGOLD CORP. rating is 3.01 USD. The price registered an increase of +0.00% on the session with the lowest point at 2.97 USD and the highest point at 3.10 USD. The deviation from the price is +1.35% for the low point and -2.90% for the high point.2.97
3.10
3.01
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this IAMGOLD CORP. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 2.41 | 2.60 | 2.83 | 3.01 | 3.23 | 3.82 | 4.07 |
| Change (%) | -19.93% | -13.62% | -5.98% | - | +7.31% | +26.91% | +35.22% |
| Change | -0.60 | -0.41 | -0.18 | - | +0.22 | +0.81 | +1.06 |
| Level | Major | Minor | Major | - | Major | Intermediate | 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 | 2.87 | 2.90 | 2.96 | 2.99 | 3.05 | 3.08 | 3.14 |
| Camarilla | 2.99 | 2.99 | 3.00 | 3.01 | 3.02 | 3.03 | 3.04 |
| Woodie | 2.88 | 2.91 | 2.97 | 3.00 | 3.06 | 3.09 | 3.15 |
| Fibonacci | 2.90 | 2.94 | 2.96 | 2.99 | 3.03 | 3.05 | 3.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.76 | 2.85 | 2.93 | 3.02 | 3.10 | 3.19 | 3.27 |
| Camarilla | 2.96 | 2.98 | 2.99 | 3.01 | 3.03 | 3.04 | 3.06 |
| Woodie | 2.76 | 2.85 | 2.93 | 3.02 | 3.10 | 3.19 | 3.27 |
| Fibonacci | 2.85 | 2.92 | 2.96 | 3.02 | 3.09 | 3.13 | 3.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.85 | 3.06 | 3.39 | 3.60 | 3.93 | 4.14 | 4.47 |
| Camarilla | 3.58 | 3.63 | 3.68 | 3.73 | 3.78 | 3.83 | 3.88 |
| Woodie | 2.92 | 3.09 | 3.46 | 3.63 | 4.00 | 4.17 | 4.54 |
| Fibonacci | 3.06 | 3.26 | 3.39 | 3.60 | 3.80 | 3.93 | 4.14 |
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): | 34.31 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -17.71 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 3.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.27 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 3.37 | |
| Zig ZAG (10): | 3.01 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 5.70 | |
| TEMA (21): | 2.98 | |
| Williams %R (14): | -91.33 | |
| Chande Momentum Oscillator (20): | -0.47 | |
| Repulse (5,40,3): | -4.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 31.35 |
| MA7: | 3.03 | |
| MA20: | 3.36 | |
| MA50: | 3.45 | |
| MA100: | 3.51 | |
| MAexp7: | 3.06 | |
| MAexp20: | 3.25 | |
| MAexp50: | 3.40 | |
| MAexp100: | 3.44 | |
| Price / MA7: | -0.66% | |
| Price / MA20: | -10.42% | |
| Price / MA50: | -12.75% | |
| Price / MA100: | -14.25% | |
| Price / MAexp7: | -1.63% | |
| Price / MAexp20: | -7.38% | |
| Price / MAexp50: | -11.47% | |
| Price / MAexp100: | -12.50% |
News
The latest news and videos published on IAMGOLD CORP. at the time of the analysis were as follows:
- IAMGOLD In Line with Production and AISC Guidance for 2019; Provides Two Year Forward Guidance
- IAMGOLD Announces CEO Succession: Gordon Stothart Appointed, Stephen Letwin Retiring
- IAMGOLD Receives Approval of Exploitation Permit for Its Boto Gold Project in Senegal and Provides Project Update
- IAMGOLD Agrees to Sell Its Interest in the Sadiola Gold Mine
- IAMGOLD Provides Updated Production Guidance for Westwood
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis IAMGOLD CORP. - Daily