COMMVAULT SYSTEMS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	CVLT
ISIN:

COMMVAULT SYSTEMS INC. - Daily - Technical analysis published on 01/22/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bearish

De fond: Bearish

Technical indicators

56%

17%

28%

My opinion

Bearish under 47.29 USD

My targets

43.07 USD (-5.42%)

41.28 USD (-9.35%)

My analysis

There is a bearish trend on COMMVAULT SYSTEMS INC. both at the basic level and in the short term. A sale could be considered, so long as the price remains below 47.29 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 43.07 USD. Then the price could move towards 41.28 USD. Then 30.57 USD by extension. Be careful, a return to above the resistance 47.29 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps 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

2.3

Comment on the analysis

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 COMMVAULT SYSTEMS INC. price is 45.54 USD. The price is lower by -0.04% since the last closing and was traded between 45.10 USD and 46.21 USD over the period. The price is currently at +0.98% from its lowest and -1.45% from its highest.

45.10

46.21

45.54

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this COMMVAULT SYSTEMS INC. chart shows a bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

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

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

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 these results:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30.57	41.28	43.07	45.54	47.29	49.75	57.09
Change (%)	-32.87%	-9.35%	-5.42%	-	+3.84%	+9.24%	+25.36%
Change	-14.97	-4.26	-2.47	-	+1.75	+4.21	+11.55
Level	Major	Minor	Major	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.66	44.01	44.79	46.14	46.92	48.27	49.05
Camarilla	44.97	45.17	45.37	45.56	45.76	45.95	46.15
Woodie	42.37	43.87	44.50	46.00	46.63	48.13	48.76
Fibonacci	44.01	44.83	45.33	46.14	46.96	47.46	48.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.61	43.17	44.37	45.93	47.13	48.69	49.89
Camarilla	44.80	45.05	45.31	45.56	45.81	46.07	46.32
Woodie	41.42	43.08	44.18	45.84	46.94	48.60	49.70
Fibonacci	43.17	44.23	44.88	45.93	46.99	47.64	48.69

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.86	39.31	41.98	46.43	49.10	53.55	56.22
Camarilla	42.68	43.34	43.99	44.64	45.29	45.95	46.60
Woodie	33.96	38.87	41.08	45.99	48.20	53.11	55.32
Fibonacci	39.31	42.03	43.71	46.43	49.15	50.83	53.55

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):	47.31
MACD (12,26,9):	-0.2900
Directional Movement:	6.91
AROON (14):	85.72
DEMA (21):	45.21
Parabolic SAR (0,02-0,02-0,2):	45.10
Elder Ray (13):	0.06
Super Trend (3,10):	43.68
Zig ZAG (10):	45.54
VORTEX (21):	0.9900
Stochastique (14,3,5):	63.91
TEMA (21):	45.40
Williams %R (14):	-52.55
Chande Momentum Oscillator (20):	0.34
Repulse (5,40,3):	-2.0200
ROCnROLL:	2
TRIX (15,9):	-0.1700
Courbe Coppock:	3.58

MA7:	45.59
MA20:	45.25
MA50:	47.21
MA100:	46.47
MAexp7:	45.65
MAexp20:	45.72
MAexp50:	46.35
MAexp100:	47.00
Price / MA7:	-0.11%
Price / MA20:	+0.64%
Price / MA50:	-3.54%
Price / MA100:	-2.00%
Price / MAexp7:	-0.24%
Price / MAexp20:	-0.39%
Price / MAexp50:	-1.75%
Price / MAexp100:	-3.11%

News

The latest news and videos published on COMMVAULT SYSTEMS INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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