BENCHMARK ELECTRONICS INC. - Daily - Technical analysis published on 02/14/2020 (GMT)
- 385
- 0
- Who voted?
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:
Bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 30.03 USD
My targets
27.60 USD (-2.61%)
25.75 USD (-9.14%)
My analysis
BENCHMARK ELECTRONICS INC. 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 30.03 USD. The next support located at 27.60 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 25.75 USD. Below this support, sellers could then target 24.15 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
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 BENCHMARK ELECTRONICS INC. rating is 28.34 USD. The price registered an increase of -0.84% on the session and was between 28.34 USD and 28.61 USD. This implies that the price is at 0% from its lowest and at -0.94% from its highest.28.34
28.61
28.34
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BENCHMARK ELECTRONICS INC.:
Technical
A technical analysis in Daily of this BENCHMARK ELECTRONICS INC. chart shows a bearish trend. The signals given by moving averages are 75% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 24.15 | 25.75 | 27.60 | 28.34 | 30.03 | 32.90 | 35.60 |
| Change (%) | -14.78% | -9.14% | -2.61% | - | +5.96% | +16.09% | +25.62% |
| Change | -4.19 | -2.59 | -0.74 | - | +1.69 | +4.56 | +7.26 |
| Level | Intermediate | Major | Major | - | Major | Major | Major |
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 | 27.19 | 27.52 | 28.05 | 28.38 | 28.91 | 29.24 | 29.77 |
| Camarilla | 28.34 | 28.42 | 28.50 | 28.58 | 28.66 | 28.74 | 28.82 |
| Woodie | 27.29 | 27.57 | 28.15 | 28.43 | 29.01 | 29.29 | 29.87 |
| Fibonacci | 27.52 | 27.85 | 28.05 | 28.38 | 28.71 | 28.91 | 29.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.09 | 23.32 | 24.97 | 28.20 | 29.85 | 33.08 | 34.73 |
| Camarilla | 25.29 | 25.74 | 26.18 | 26.63 | 27.08 | 27.53 | 27.97 |
| Woodie | 19.31 | 22.93 | 24.19 | 27.81 | 29.07 | 32.69 | 33.95 |
| Fibonacci | 23.32 | 25.18 | 26.33 | 28.20 | 30.06 | 31.21 | 33.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.89 | 26.30 | 28.54 | 32.95 | 35.19 | 39.60 | 41.84 |
| Camarilla | 28.95 | 29.56 | 30.17 | 30.78 | 31.39 | 32.00 | 32.61 |
| Woodie | 20.81 | 25.76 | 27.46 | 32.41 | 34.11 | 39.06 | 40.76 |
| Fibonacci | 26.30 | 28.84 | 30.41 | 32.95 | 35.49 | 37.06 | 39.60 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.04 | |
| MACD (12,26,9): | -1.9100 | |
| Directional Movement: | -26.56 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 28.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.00 | |
| Elder Ray (13): | -1.34 | |
| Super Trend (3,10): | 29.88 | |
| Zig ZAG (10): | 28.55 | |
| VORTEX (21): | 0.6500 | |
| Stochastique (14,3,5): | 23.06 | |
| TEMA (21): | 27.21 | |
| Williams %R (14): | -75.79 | |
| Chande Momentum Oscillator (20): | -6.64 | |
| Repulse (5,40,3): | 1.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6200 | |
| Courbe Coppock: | 42.58 |
| MA7: | 28.05 | |
| MA20: | 32.16 | |
| MA50: | 33.77 | |
| MA100: | 32.76 | |
| MAexp7: | 28.68 | |
| MAexp20: | 30.95 | |
| MAexp50: | 32.56 | |
| MAexp100: | 32.07 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | -11.88% | |
| Price / MA50: | -16.08% | |
| Price / MA100: | -13.49% | |
| Price / MAexp7: | -1.19% | |
| Price / MAexp20: | -8.43% | |
| Price / MAexp50: | -12.96% | |
| Price / MAexp100: | -11.63% |
News
The last news published on BENCHMARK ELECTRONICS INC. at the time of the generation of this analysis was as follows:
- Benchmark Electronics Reports Fourth Quarter And Full Year 2019 Results
- Benchmark Electronics Announces Increase To Quarterly Cash Dividend
- Benchmark Electronics Announces Updated Fourth Quarter 2019 Outlook And Initiates First Quarter 2020 Guidance
- Benchmark Electronics Announces Quarterly Cash Dividend
- Benchmark Electronics Appoints Anne De Greef-Safft To The Board Of Directors
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 BENCHMARK ELECTRONICS INC. - Daily