GLATFELTER CORP. - Daily - Technical analysis published on 03/04/2020 (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
17%
56%
28%
My opinion
Bearish under 14.56 USD
My targets
13.76 USD (-3.64%)
13.27 USD (-7.07%)
My analysis
The bearish trend is currently very strong for GLATFELTER. As long as the price remains below the resistance at 14.56 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 13.76 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 13.27 USD as an objective. Crossing it would then enable sellers to target 9.71 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
6.3
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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
GLATFELTER rating 14.28 USD. The price is lower by -1.31% since the last closing and was between 14.23 USD and 15.08 USD. This implies that the price is at +0.35% from its lowest and at -5.31% from its highest.14.23
15.08
14.28
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:
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 GLATFELTER in Daily shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being 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, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.71 | 13.27 | 13.76 | 14.28 | 14.56 | 15.50 | 16.68 |
| Change (%) | -32.00% | -7.07% | -3.64% | - | +1.96% | +8.54% | +16.81% |
| Change | -4.57 | -1.01 | -0.52 | - | +0.28 | +1.22 | +2.40 |
| Level | Major | Major | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.70 | 13.88 | 14.18 | 14.36 | 14.66 | 14.84 | 15.14 |
| Camarilla | 14.34 | 14.38 | 14.43 | 14.47 | 14.51 | 14.56 | 14.60 |
| Woodie | 13.75 | 13.91 | 14.23 | 14.39 | 14.71 | 14.87 | 15.19 |
| Fibonacci | 13.88 | 14.07 | 14.18 | 14.36 | 14.55 | 14.66 | 14.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.01 | 12.45 | 13.35 | 14.79 | 15.69 | 17.13 | 18.03 |
| Camarilla | 13.62 | 13.83 | 14.05 | 14.26 | 14.47 | 14.69 | 14.90 |
| Woodie | 10.75 | 12.32 | 13.09 | 14.66 | 15.43 | 17.00 | 17.77 |
| Fibonacci | 12.45 | 13.34 | 13.89 | 14.79 | 15.68 | 16.23 | 17.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.48 | 11.18 | 12.72 | 15.42 | 16.96 | 19.66 | 21.20 |
| Camarilla | 13.09 | 13.48 | 13.87 | 14.26 | 14.65 | 15.04 | 15.43 |
| Woodie | 7.90 | 10.89 | 12.14 | 15.13 | 16.38 | 19.37 | 20.62 |
| Fibonacci | 11.18 | 12.80 | 13.80 | 15.42 | 17.04 | 18.04 | 19.66 |
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): | 24.08 | |
| MACD (12,26,9): | -0.7600 | |
| Directional Movement: | -18.09 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 14.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.46 | |
| Elder Ray (13): | -0.79 | |
| Super Trend (3,10): | 16.06 | |
| Zig ZAG (10): | 14.28 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 11.82 | |
| TEMA (21): | 14.48 | |
| Williams %R (14): | -89.53 | |
| Chande Momentum Oscillator (20): | -3.01 | |
| Repulse (5,40,3): | -5.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4300 | |
| Courbe Coppock: | 27.71 |
| MA7: | 14.87 | |
| MA20: | 16.28 | |
| MA50: | 17.03 | |
| MA100: | 17.07 | |
| MAexp7: | 14.87 | |
| MAexp20: | 15.87 | |
| MAexp50: | 16.62 | |
| MAexp100: | 16.66 | |
| Price / MA7: | -3.97% | |
| Price / MA20: | -12.29% | |
| Price / MA50: | -16.15% | |
| Price / MA100: | -16.34% | |
| Price / MAexp7: | -3.97% | |
| Price / MAexp20: | -10.02% | |
| Price / MAexp50: | -14.08% | |
| Price / MAexp100: | -14.29% |
News
The latest news and videos published on GLATFELTER at the time of the analysis were as follows:
- Soteria Battery Innovation Group Sells First Technology License to Glatfelter
- P. H. Glatfelter Company to Host Earnings Call
-
PH Glatfelter
This member declared not having a position on this financial instrument or a related financial instrument.
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