CREE INC.

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Change:	-
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Type:	Stocks
Ticker:	CREE
ISIN:

CREE INC. - Daily - Technical analysis published on 10/10/2019 (GMT)

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Timeframe : Daily
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CREE INC. Chart

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 47.36 USD

My targets

44.29 USD (-5.61%)

41.99 USD (-10.51%)

My analysis

The bearish trend is currently very strong for CREE INC.. As long as the price remains below the resistance at 47.36 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 44.29 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 41.99 USD as an objective. Crossing it would then enable sellers to target 32.44 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

FORCE

6.8

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.

Additional analysis

Quotes

CREE INC. rating 46.92 USD. The price registered an increase of +2.76% on the session and was between 45.73 USD and 47.24 USD. This implies that the price is at +2.60% from its lowest and at -0.68% from its highest.

45.73

47.24

46.92

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CREE INC.:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CREE INC. indicates that the overall trend is strongly bearish. 92.86% 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. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.44	41.99	44.29	46.92	47.36	53.90	63.02
Change (%)	-30.86%	-10.51%	-5.61%	-	+0.94%	+14.88%	+34.31%
Change	-14.48	-4.93	-2.63	-	+0.44	+6.98	+16.10
Level	Major	Major	Major	-	Intermediate	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	41.15	43.37	44.51	46.73	47.87	50.09	51.23
Camarilla	44.74	45.04	45.35	45.66	45.97	46.28	46.58
Woodie	40.62	43.10	43.98	46.46	47.34	49.82	50.70
Fibonacci	43.37	44.65	45.44	46.73	48.01	48.80	50.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.36	43.18	46.44	49.26	52.52	55.34	58.60
Camarilla	48.02	48.58	49.13	49.69	50.25	50.81	51.36
Woodie	40.57	43.29	46.65	49.37	52.73	55.45	58.81
Fibonacci	43.18	45.51	46.94	49.26	51.59	53.02	55.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.13	36.22	42.61	47.70	54.09	59.18	65.57
Camarilla	45.84	46.90	47.95	49.00	50.05	51.11	52.16
Woodie	31.78	36.55	43.26	48.03	54.74	59.51	66.22
Fibonacci	36.22	40.61	43.32	47.70	52.09	54.80	59.18

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):	42.66
MACD (12,26,9):	-0.7900
Directional Movement:	-10.93
AROON (14):	-35.72
DEMA (21):	47.75
Parabolic SAR (0,02-0,02-0,2):	50.23
Elder Ray (13):	-1.98
Super Trend (3,10):	52.39
Zig ZAG (10):	46.92
VORTEX (21):	0.9700
Stochastique (14,3,5):	26.13
TEMA (21):	48.17
Williams %R (14):	-79.42
Chande Momentum Oscillator (20):	-4.68
Repulse (5,40,3):	-3.1100
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	10.74

MA7:	48.15
MA20:	49.67
MA50:	51.12
MA100:	54.69
MAexp7:	47.94
MAexp20:	48.83
MAexp50:	50.95
MAexp100:	53.09
Price / MA7:	-2.55%
Price / MA20:	-5.54%
Price / MA50:	-8.22%
Price / MA100:	-14.21%
Price / MAexp7:	-2.13%
Price / MAexp20:	-3.91%
Price / MAexp50:	-7.91%
Price / MAexp100:	-11.62%

News

Don"t forget to follow the news on CREE INC.. At the time of publication of this analysis, the latest news was as follows:

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

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