CEDAR FAIR L.P. - Daily - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
39%
28%
33%
My opinion
Bearish under 56.23 USD
My targets
53.73 USD (-2.17%)
50.19 USD (-8.61%)
My analysis
The current short-term bearish acceleration registered on CEDAR FAIR L.P. should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 56.23 USD. Short-term sellers will use the support located at 53.73 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 50.19 USD. Crossing this support would then open the door for sellers to target 45.59 USD. Caution, if there is a return to below 56.23 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
1.1
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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
CEDAR FAIR L.P. rating 54.92 USD. On the day, this instrument gained +0.26% with the lowest point at 54.53 USD and the highest point at 55.23 USD. The deviation from the price is +0.72% for the low point and -0.56% for the high point.54.53
55.23
54.92
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:
Technical
Technical analysis of CEDAR FAIR L.P. in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
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 | 45.59 | 50.19 | 53.73 | 54.92 | 56.23 | 58.65 | 61.01 |
| Change (%) | -16.99% | -8.61% | -2.17% | - | +2.39% | +6.79% | +11.09% |
| Change | -9.33 | -4.73 | -1.19 | - | +1.31 | +3.73 | +6.09 |
| Level | Major | Major | Major | - | Major | Minor | Major |
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 | 52.24 | 53.44 | 54.11 | 55.31 | 55.98 | 57.18 | 57.85 |
| Camarilla | 54.27 | 54.44 | 54.61 | 54.78 | 54.95 | 55.12 | 55.29 |
| Woodie | 51.98 | 53.31 | 53.85 | 55.18 | 55.72 | 57.05 | 57.59 |
| Fibonacci | 53.44 | 54.15 | 54.60 | 55.31 | 56.02 | 56.47 | 57.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.71 | 51.43 | 52.88 | 54.60 | 56.05 | 57.77 | 59.22 |
| Camarilla | 53.47 | 53.76 | 54.05 | 54.34 | 54.63 | 54.92 | 55.21 |
| Woodie | 49.59 | 51.36 | 52.76 | 54.53 | 55.93 | 57.70 | 59.10 |
| Fibonacci | 51.43 | 52.64 | 53.39 | 54.60 | 55.81 | 56.56 | 57.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.54 | 52.02 | 53.73 | 55.22 | 56.92 | 58.41 | 60.12 |
| Camarilla | 54.56 | 54.86 | 55.15 | 55.44 | 55.73 | 56.03 | 56.32 |
| Woodie | 50.65 | 52.08 | 53.84 | 55.27 | 57.04 | 58.46 | 60.23 |
| Fibonacci | 52.02 | 53.24 | 54.00 | 55.22 | 56.44 | 57.19 | 58.41 |
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): | 48.49 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | 1.32 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 54.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.27 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 56.89 | |
| Zig ZAG (10): | 54.92 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 62.93 | |
| TEMA (21): | 54.85 | |
| Williams %R (14): | -47.49 | |
| Chande Momentum Oscillator (20): | -0.52 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.31 |
| MA7: | 54.67 | |
| MA20: | 55.35 | |
| MA50: | 55.10 | |
| MA100: | 55.34 | |
| MAexp7: | 54.92 | |
| MAexp20: | 55.10 | |
| MAexp50: | 55.11 | |
| MAexp100: | 54.50 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | -0.78% | |
| Price / MA50: | -0.33% | |
| Price / MA100: | -0.76% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | +0.77% |
News
The last news published on CEDAR FAIR L.P. at the time of the generation of this analysis was as follows:
- Cedar Fair Appoints Daniel J. Hanrahan Board Chairman
- Valleyfair Earns Certified Autism Center™ Designation
- Dorney Park & Wildwater Kingdom Achieves Certified Autism Center™ Designation
- Cedar Fair Executives to Participate in the B. Riley FBR Consumer & Media Conference October 3rd in New York City; Webcast Available
- ValleySCARE Returns this Saturday with Fresh Frights
This member declared not having a position on this financial instrument or a related financial instrument.
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