TRUEBLUE INC. - Daily - Technical analysis published on 02/18/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 18.61 USD
My targets
14.59 USD (-12.76%)
12.89 USD (-22.91%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TRUEBLUE INC. as long as the price remains well below 18.61 USD. The sellers” bearish objective is set at 14.59 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.89 USD. In case of crossing, the next objective would be the support located at 6.02 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.5
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 TRUEBLUE INC. rating is 16.72 USD. The price registered an increase of -0.65% on the session and was between 16.67 USD and 16.97 USD. This implies that the price is at +0.30% from its lowest and at -1.47% from its highest.16.67
16.97
16.72
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TRUEBLUE INC. in Daily shows a overall strongly bearish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 6.02 | 12.89 | 16.72 | 16.75 | 19.06 | 20.95 |
| Change (%) | -64.00% | -22.91% | - | +0.18% | +14.00% | +25.30% |
| Change | -10.70 | -3.83 | - | +0.03 | +2.34 | +4.23 |
| Level | Minor | Minor | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.29 | 16.53 | 16.68 | 16.92 | 17.07 | 17.31 | 17.46 |
| Camarilla | 16.72 | 16.76 | 16.79 | 16.83 | 16.87 | 16.90 | 16.94 |
| Woodie | 16.25 | 16.51 | 16.64 | 16.90 | 17.03 | 17.29 | 17.42 |
| Fibonacci | 16.53 | 16.68 | 16.77 | 16.92 | 17.07 | 17.16 | 17.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.12 | 12.34 | 14.59 | 18.81 | 21.06 | 25.28 | 27.53 |
| Camarilla | 15.05 | 15.64 | 16.24 | 16.83 | 17.42 | 18.02 | 18.61 |
| Woodie | 7.13 | 11.85 | 13.60 | 18.32 | 20.07 | 24.79 | 26.54 |
| Fibonacci | 12.34 | 14.82 | 16.34 | 18.81 | 21.29 | 22.81 | 25.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.61 | 20.21 | 21.06 | 22.66 | 23.51 | 25.11 | 25.96 |
| Camarilla | 21.24 | 21.46 | 21.69 | 21.91 | 22.14 | 22.36 | 22.58 |
| Woodie | 18.24 | 20.02 | 20.69 | 22.47 | 23.14 | 24.92 | 25.59 |
| Fibonacci | 20.21 | 21.15 | 21.72 | 22.66 | 23.60 | 24.17 | 25.11 |
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): | 22.78 | |
| MACD (12,26,9): | -1.7800 | |
| Directional Movement: | -37.94 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 17.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.10 | |
| Elder Ray (13): | -1.99 | |
| Super Trend (3,10): | 19.21 | |
| Zig ZAG (10): | 16.72 | |
| VORTEX (21): | 0.6500 | |
| Stochastique (14,3,5): | 10.80 | |
| TEMA (21): | 16.45 | |
| Williams %R (14): | -91.23 | |
| Chande Momentum Oscillator (20): | -5.94 | |
| Repulse (5,40,3): | -3.8900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7800 | |
| Courbe Coppock: | 49.03 |
| MA7: | 16.78 | |
| MA20: | 20.71 | |
| MA50: | 22.43 | |
| MA100: | 22.38 | |
| MAexp7: | 17.55 | |
| MAexp20: | 19.82 | |
| MAexp50: | 21.51 | |
| MAexp100: | 21.98 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -19.27% | |
| Price / MA50: | -25.46% | |
| Price / MA100: | -25.29% | |
| Price / MAexp7: | -4.73% | |
| Price / MAexp20: | -15.64% | |
| Price / MAexp50: | -22.27% | |
| Price / MAexp100: | -23.93% |
News
The last news published on TRUEBLUE INC. at the time of the generation of this analysis was as follows:
- TrueBlue Reports Fourth Quarter and Full-Year 2019 Results
- TrueBlue to Announce Fourth Quarter 2019 Results
- HRO Today Names Four TrueBlue Leaders as 2019 HR Superstars
- Shortages of Low-Skill, Middle-Skill, and High-Skill Workers Causing Revenue Declines and Other Headaches for Employers, TrueBlue’s Latest Study Finds
- TrueBlue to Announce Third Quarter 2019 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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