BLOCK INC. CLASS A

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	XYZ
ISIN:

BLOCK INC. CLASS A - Daily - Technical analysis published on 10/21/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bearish

De fond: Strongly bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 66.39 USD

My targets

60.56 USD (-0.96%)

56.76 USD (-7.18%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SQUARE INC. CLASS A as long as the price remains well below 66.39 USD. The next bearish objective for sellers is set at 60.56 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 56.76 USD. If there is any crossing, the next objective would be the support located at 50.72 USD. 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 over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

FORCE

4.8

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. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SQUARE INC. CLASS A price is 61.15 USD. The price has increased by +1.16% since the last closing with the lowest point at 59.83 USD and the highest point at 61.48 USD. The deviation from the price is +2.21% for the low point and -0.54% for the high point.

59.83

61.48

61.15

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SQUARE INC. CLASS A chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	50.72	56.76	60.56	61.15	66.39	74.44	81.93
Change (%)	-17.06%	-7.18%	-0.96%	-	+8.57%	+21.73%	+33.98%
Change	-10.43	-4.39	-0.59	-	+5.24	+13.29	+20.78
Level	Intermediate	Major	Major	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.35	57.57	59.01	61.22	62.67	64.88	66.32
Camarilla	59.44	59.78	60.12	60.45	60.79	61.12	61.46
Woodie	54.97	57.37	58.62	61.03	62.28	64.69	65.94
Fibonacci	57.57	58.96	59.83	61.22	62.62	63.48	64.88

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.87	56.83	58.64	61.59	63.41	66.36	68.17
Camarilla	59.14	59.58	60.01	60.45	60.89	61.32	61.76
Woodie	53.30	56.54	58.07	61.31	62.83	66.08	67.60
Fibonacci	56.83	58.65	59.77	61.59	63.42	64.54	66.36

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.68	50.54	56.25	60.11	65.82	69.68	75.39
Camarilla	59.32	60.20	61.07	61.95	62.83	63.70	64.58
Woodie	47.60	51.00	57.17	60.57	66.74	70.14	76.31
Fibonacci	50.54	54.20	56.46	60.11	63.77	66.03	69.68

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):	47.96
MACD (12,26,9):	0.1300
Directional Movement:	-4.18
AROON (14):	78.57
DEMA (21):	61.66
Parabolic SAR (0,02-0,02-0,2):	64.55
Elder Ray (13):	-1.15
Super Trend (3,10):	58.08
Zig ZAG (10):	61.15
VORTEX (21):	0.9800
Stochastique (14,3,5):	49.33
TEMA (21):	62.72
Williams %R (14):	-59.75
Chande Momentum Oscillator (20):	-0.90
Repulse (5,40,3):	-2.1400
ROCnROLL:	2
TRIX (15,9):	0.0200
Courbe Coppock:	5.20

MA7:	62.24
MA20:	61.44
MA50:	61.38
MA100:	67.37
MAexp7:	61.91
MAexp20:	61.65
MAexp50:	62.94
MAexp100:	65.49
Price / MA7:	-1.75%
Price / MA20:	-0.47%
Price / MA50:	-0.37%
Price / MA100:	-9.23%
Price / MAexp7:	-1.23%
Price / MAexp20:	-0.81%
Price / MAexp50:	-2.84%
Price / MAexp100:	-6.63%

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

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