GRUPO SUPERVIELLE S.A. ADS - Daily - Technical analysis published on 03/06/2020 (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
22%
50%
28%
My opinion
Bearish under 2.88 USD
My targets
2.48 USD (-9.05%)
2.37 USD (-13.19%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GRUPO SUPERVIELLE S.A. ADS as long as the price remains well below 2.88 USD. The sellers” bearish objective is set at 2.48 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.37 USD. In case of crossing, the next objective would be the support located at 2.33 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.6
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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
GRUPO SUPERVIELLE S.A. ADS rating 2.73 USD. The price registered an increase of -1.09% on the session with the lowest point at 2.68 USD and the highest point at 2.77 USD. The deviation from the price is +1.87% for the low point and -1.44% for the high point.2.68
2.77
2.73
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
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 (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 GRUPO SUPERVIELLE S.A. ADS indicates that the overall trend is strongly bearish. 89.29% 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 does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.33 | 2.73 | 3.09 | 5.21 | 5.71 |
| Change (%) | -14.65% | - | +13.19% | +90.84% | +109.16% |
| Change | -0.40 | - | +0.36 | +2.48 | +2.98 |
| Level | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.60 | 2.65 | 2.71 | 2.76 | 2.81 | 2.86 | 2.92 |
| Camarilla | 2.73 | 2.74 | 2.75 | 2.76 | 2.77 | 2.78 | 2.79 |
| Woodie | 2.60 | 2.65 | 2.71 | 2.76 | 2.81 | 2.86 | 2.92 |
| Fibonacci | 2.65 | 2.69 | 2.72 | 2.76 | 2.80 | 2.82 | 2.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.00 | 2.29 | 2.48 | 2.77 | 2.96 | 3.25 | 3.44 |
| Camarilla | 2.55 | 2.59 | 2.64 | 2.68 | 2.72 | 2.77 | 2.81 |
| Woodie | 1.96 | 2.27 | 2.44 | 2.75 | 2.92 | 3.23 | 3.40 |
| Fibonacci | 2.29 | 2.47 | 2.58 | 2.77 | 2.95 | 3.06 | 3.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.55 | 2.06 | 2.37 | 2.88 | 3.19 | 3.70 | 4.01 |
| Camarilla | 2.46 | 2.53 | 2.61 | 2.68 | 2.76 | 2.83 | 2.91 |
| Woodie | 1.45 | 2.01 | 2.27 | 2.83 | 3.09 | 3.65 | 3.91 |
| Fibonacci | 2.06 | 2.37 | 2.57 | 2.88 | 3.19 | 3.39 | 3.70 |
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): | 41.10 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -6.42 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 2.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.11 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 3.25 | |
| Zig ZAG (10): | 2.73 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 25.56 | |
| TEMA (21): | 2.69 | |
| Williams %R (14): | -73.33 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | -3.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4700 | |
| Courbe Coppock: | 16.44 |
| MA7: | 2.74 | |
| MA20: | 2.90 | |
| MA50: | 3.17 | |
| MA100: | 3.02 | |
| MAexp7: | 2.76 | |
| MAexp20: | 2.88 | |
| MAexp50: | 3.02 | |
| MAexp100: | 3.27 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -5.86% | |
| Price / MA50: | -13.88% | |
| Price / MA100: | -9.60% | |
| Price / MAexp7: | -1.09% | |
| Price / MAexp20: | -5.21% | |
| Price / MAexp50: | -9.60% | |
| Price / MAexp100: | -16.51% |
News
The last news published on GRUPO SUPERVIELLE S.A. ADS at the time of the generation of this analysis was as follows:
-
Grupo Supervielle S.A. - SUPV Stock Chart Technical Analysis for 08-15-2019
-
Grupo Supervielle S.A. - SUPV Stock Chart Technical Analysis for 08-12-2019
- Grupo Supervielle Announces Filing of the 2018 Annual Report on Form 20-F
-
Grupo Supervielle S.A. - SUPV Stock Chart Technical Analysis for 08-31-18
This member declared not having a position on this financial instrument or a related financial instrument.
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