FANG HOLDINGS LTD. - Daily - Technical analysis published on 03/10/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
FANG HOLDINGS LTD. Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 2.15 USD
My targets
1.87 USD (-4.26%)
1.76 USD (-9.59%)
My analysis
FANG HOLDINGS LTD. 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 2.15 USD. The next support located at 1.87 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 1.76 USD. Below this support, sellers could then target 1.56 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.4
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
FANG HOLDINGS LTD. rating 1.95 USD. The price is lower by +3.72% since the last closing and was between 1.95 USD and 1.95 USD. This implies that the price is at 0% from its lowest and at 0% from its highest.1.95
1.95
1.95
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:
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 this Daily chart of FANG HOLDINGS LTD. indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
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
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
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 support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.48 | 1.95 | 1.97 | 2.78 | 3.52 |
| Change (%) | -24.10% | - | +1.03% | +42.56% | +80.51% |
| Change | -0.47 | - | +0.02 | +0.83 | +1.57 |
| Level | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.70 | 1.78 | 1.84 | 1.93 | 1.99 | 2.07 | 2.14 |
| Camarilla | 1.87 | 1.88 | 1.90 | 1.91 | 1.92 | 1.94 | 1.95 |
| Woodie | 1.69 | 1.77 | 1.84 | 1.92 | 1.98 | 2.07 | 2.13 |
| Fibonacci | 1.83 | 1.86 | 1.88 | 1.91 | 1.94 | 1.96 | 2.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.37 | 1.62 | 1.76 | 2.01 | 2.15 | 2.40 | 2.54 |
| Camarilla | 1.80 | 1.84 | 1.87 | 1.91 | 1.95 | 1.98 | 2.02 |
| Woodie | 1.32 | 1.59 | 1.72 | 1.98 | 2.11 | 2.37 | 2.50 |
| Fibonacci | 1.62 | 1.77 | 1.86 | 2.01 | 2.16 | 2.25 | 2.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.05 | 1.56 | 1.87 | 2.37 | 2.69 | 3.19 | 3.51 |
| Camarilla | 1.96 | 2.03 | 2.11 | 2.18 | 2.26 | 2.33 | 2.41 |
| Woodie | 0.95 | 1.51 | 1.77 | 2.33 | 2.59 | 3.14 | 3.41 |
| Fibonacci | 1.56 | 1.87 | 2.06 | 2.37 | 2.69 | 2.88 | 3.19 |
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): | 32.25 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -20.03 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 2.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.51 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 2.46 | |
| Zig ZAG (10): | 1.95 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 5.96 | |
| TEMA (21): | 1.90 | |
| Williams %R (14): | -89.70 | |
| Chande Momentum Oscillator (20): | -0.62 | |
| Repulse (5,40,3): | -8.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8300 | |
| Courbe Coppock: | 42.92 |
| MA7: | 2.04 | |
| MA20: | 2.37 | |
| MA50: | 2.65 | |
| MA100: | 2.35 | |
| MAexp7: | 2.03 | |
| MAexp20: | 2.29 | |
| MAexp50: | 2.44 | |
| MAexp100: | 2.52 | |
| Price / MA7: | -4.41% | |
| Price / MA20: | -17.72% | |
| Price / MA50: | -26.42% | |
| Price / MA100: | -17.02% | |
| Price / MAexp7: | -3.94% | |
| Price / MAexp20: | -14.85% | |
| Price / MAexp50: | -20.08% | |
| Price / MAexp100: | -22.62% |
News
The last news published on FANG HOLDINGS LTD. at the time of the generation of this analysis was as follows:
-
FANG Stock To Watch During 2020
- Fang Enters into an Agreement to Acquire Equity Interests in CIH
- Fang Announces Results of 2019 Annual General Meeting
- Fang Announces Third Quarter 2019 Results, Board Changes of Directors and Date of 2019 Annual General Meeting
- MicroSectors Launches 1x FANG+ Technology Exchange Traded Product on NYSE Arca
This member declared not having a position on this financial instrument or a related financial instrument.
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