CENTRAIS ELECTRICAS BRASILEIRAS S A ADS - Daily - Technical analysis published on 10/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 9.39 USD
My targets
8.59 USD (-4.45%)
8.01 USD (-10.90%)
My analysis
CENTRAIS ELECTRICAS BRASILEIRAS S A ADS 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 9.39 USD. The next support located at 8.59 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 8.01 USD. Below this support, sellers could then target 7.60 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
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
CENTRAIS ELECTRICAS BRASILEIRAS S A ADS rating 8.99 USD. The price registered an increase of +3.45% on the session and was traded between 8.89 USD and 9.20 USD over the period. The price is currently at +1.12% from its lowest and -2.28% from its highest.8.89
9.20
8.99
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CENTRAIS ELECTRICAS BRASILEIRAS S A ADS in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
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:
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 7.60 | 8.01 | 8.59 | 8.99 | 9.39 | 9.83 | 10.51 |
| Change (%) | -15.46% | -10.90% | -4.45% | - | +4.45% | +9.34% | +16.91% |
| Change | -1.39 | -0.98 | -0.40 | - | +0.40 | +0.84 | +1.52 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 7.77 | 8.21 | 8.45 | 8.89 | 9.13 | 9.57 | 9.81 |
| Camarilla | 8.50 | 8.57 | 8.63 | 8.69 | 8.75 | 8.82 | 8.88 |
| Woodie | 7.67 | 8.16 | 8.35 | 8.84 | 9.03 | 9.52 | 9.71 |
| Fibonacci | 8.21 | 8.47 | 8.63 | 8.89 | 9.15 | 9.31 | 9.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.36 | 8.66 | 9.07 | 9.37 | 9.78 | 10.08 | 10.49 |
| Camarilla | 9.28 | 9.34 | 9.41 | 9.47 | 9.54 | 9.60 | 9.67 |
| Woodie | 8.41 | 8.69 | 9.12 | 9.40 | 9.83 | 10.11 | 10.54 |
| Fibonacci | 8.66 | 8.94 | 9.10 | 9.37 | 9.65 | 9.81 | 10.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.52 | 7.84 | 8.71 | 10.03 | 10.90 | 12.22 | 13.09 |
| Camarilla | 8.98 | 9.18 | 9.38 | 9.58 | 9.78 | 9.98 | 10.18 |
| Woodie | 6.30 | 7.73 | 8.49 | 9.92 | 10.68 | 12.11 | 12.87 |
| Fibonacci | 7.84 | 8.68 | 9.19 | 10.03 | 10.87 | 11.38 | 12.22 |
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): | 39.10 | |
| MACD (12,26,9): | -0.4000 | |
| Directional Movement: | -20.27 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 9.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.52 | |
| Elder Ray (13): | -0.39 | |
| Super Trend (3,10): | 10.21 | |
| Zig ZAG (10): | 9.02 | |
| VORTEX (21): | 0.7100 | |
| Stochastique (14,3,5): | 15.76 | |
| TEMA (21): | 8.86 | |
| Williams %R (14): | -81.68 | |
| Chande Momentum Oscillator (20): | -0.60 | |
| Repulse (5,40,3): | -5.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4600 | |
| Courbe Coppock: | 25.16 |
| MA7: | 9.20 | |
| MA20: | 9.83 | |
| MA50: | 10.33 | |
| MA100: | 9.78 | |
| MAexp7: | 9.19 | |
| MAexp20: | 9.67 | |
| MAexp50: | 9.97 | |
| MAexp100: | 9.74 | |
| Price / MA7: | -2.28% | |
| Price / MA20: | -8.55% | |
| Price / MA50: | -12.97% | |
| Price / MA100: | -8.08% | |
| Price / MAexp7: | -2.18% | |
| Price / MAexp20: | -7.03% | |
| Price / MAexp50: | -9.83% | |
| Price / MAexp100: | -7.70% |
This member declared not having a position on this financial instrument or a related financial instrument.
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