CHESAPEAKE UTILITIES - Daily - Technical analysis published on 01/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 91.27 USD
My targets
97.50 USD (+1.90%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHESAPEAKE UTILITIES as long as the price remains well above 91.27 USD. The buyers” bullish objective is set at 97.50 USD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.5
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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
CHESAPEAKE UTILITIES rating 95.68 USD. The price has increased by +0.62% since the last closing and was traded between 94.74 USD and 95.82 USD over the period. The price is currently at +0.99% from its lowest and -0.15% from its highest.94.74
95.82
95.68
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHESAPEAKE UTILITIES:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CHESAPEAKE UTILITIES chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 87.08 | 89.47 | 91.27 | 95.68 | 95.80 | 97.50 |
| Change (%) | -8.99% | -6.49% | -4.61% | - | +0.13% | +1.90% |
| Change | -8.60 | -6.21 | -4.41 | - | +0.12 | +1.82 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate |
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 | 93.49 | 93.84 | 94.46 | 94.81 | 95.43 | 95.78 | 96.40 |
| Camarilla | 94.82 | 94.91 | 95.00 | 95.09 | 95.18 | 95.27 | 95.36 |
| Woodie | 93.64 | 93.91 | 94.61 | 94.88 | 95.58 | 95.85 | 96.55 |
| Fibonacci | 93.84 | 94.21 | 94.44 | 94.81 | 95.18 | 95.41 | 95.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.42 | 90.02 | 92.60 | 94.20 | 96.78 | 98.38 | 100.96 |
| Camarilla | 94.04 | 94.42 | 94.81 | 95.19 | 95.57 | 95.96 | 96.34 |
| Woodie | 88.92 | 90.27 | 93.10 | 94.45 | 97.28 | 98.63 | 101.46 |
| Fibonacci | 90.02 | 91.61 | 92.60 | 94.20 | 95.79 | 96.78 | 98.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.28 | 86.08 | 90.96 | 94.75 | 99.63 | 103.42 | 108.30 |
| Camarilla | 93.45 | 94.24 | 95.04 | 95.83 | 96.63 | 97.42 | 98.22 |
| Woodie | 82.82 | 86.35 | 91.49 | 95.02 | 100.17 | 103.69 | 108.84 |
| Fibonacci | 86.08 | 89.39 | 91.44 | 94.75 | 98.07 | 100.11 | 103.42 |
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): | 59.12 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | 11.22 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 94.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 92.12 | |
| Elder Ray (13): | 0.86 | |
| Super Trend (3,10): | 91.63 | |
| Zig ZAG (10): | 95.68 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 83.85 | |
| TEMA (21): | 94.69 | |
| Williams %R (14): | -2.81 | |
| Chande Momentum Oscillator (20): | 3.10 | |
| Repulse (5,40,3): | 2.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.69 |
| MA7: | 94.94 | |
| MA20: | 94.06 | |
| MA50: | 93.01 | |
| MA100: | 93.02 | |
| MAexp7: | 94.78 | |
| MAexp20: | 94.24 | |
| MAexp50: | 93.60 | |
| MAexp100: | 93.06 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +1.72% | |
| Price / MA50: | +2.87% | |
| Price / MA100: | +2.86% | |
| Price / MAexp7: | +0.95% | |
| Price / MAexp20: | +1.53% | |
| Price / MAexp50: | +2.22% | |
| Price / MAexp100: | +2.82% |
News
Don"t forget to follow the news on CHESAPEAKE UTILITIES. At the time of publication of this analysis, the latest news was as follows:
- FERC Approves Eastern Shore Natural Gas Company Expansion
- Chesapeake Utilities Corporation Subsidiary Acquires Propane Operating Assets of Boulden Brothers Propane
- Chesapeake Utilities Corporation to Participate In Midwest Road Show Sponsored By Janney Montgomery Scott
- Chesapeake Utilities Corporation to Acquire Elkton Gas
- Jeffrey Sylvester Joins Chesapeake Utilities Corporation as Senior Vice President
This member declared not having a position on this financial instrument or a related financial instrument.
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