ARAMARK - Daily - Technical analysis published on 06/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 34.54 USD
My targets
38.25 USD (+8.79%)
41.48 USD (+17.97%)
My analysis
The bullish trend is currently very strong on ARAMARK. As long as the price remains above the support at 34.54 USD, you could try to benefit from the boom. The first bullish objective is located at 38.25 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 41.48 USD as an objective. Crossing it would then enable buyers to target 43.17 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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 ARAMARK price is 35.16 USD. On the day, this instrument gained +3.29% with the lowest point at 33.91 USD and the highest point at 35.19 USD. The deviation from the price is +3.69% for the low point and -0.09% for the high point.33.91
35.19
35.16
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ARAMARK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
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:
Resistance of channel is broken
Type : Bullish
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 | 31.64 | 33.13 | 34.54 | 35.16 | 38.25 | 41.48 | 43.17 |
| Change (%) | -10.01% | -5.77% | -1.76% | - | +8.79% | +17.97% | +22.78% |
| Change | -3.52 | -2.03 | -0.62 | - | +3.09 | +6.32 | +8.01 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.07 | 33.53 | 33.78 | 34.24 | 34.49 | 34.95 | 35.20 |
| Camarilla | 33.84 | 33.91 | 33.97 | 34.04 | 34.11 | 34.17 | 34.24 |
| Woodie | 32.97 | 33.48 | 33.69 | 34.19 | 34.40 | 34.90 | 35.10 |
| Fibonacci | 33.53 | 33.80 | 33.97 | 34.24 | 34.51 | 34.68 | 34.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.26 | 33.86 | 34.23 | 34.83 | 35.20 | 35.80 | 36.17 |
| Camarilla | 34.33 | 34.42 | 34.51 | 34.60 | 34.69 | 34.78 | 34.87 |
| Woodie | 33.15 | 33.80 | 34.12 | 34.77 | 35.08 | 35.74 | 36.06 |
| Fibonacci | 33.86 | 34.23 | 34.46 | 34.83 | 35.20 | 35.43 | 35.80 |
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): | 62.24 | |
| MACD (12,26,9): | 0.5100 | |
| Directional Movement: | 6.86 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 35.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 35.49 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 32.76 | |
| Zig ZAG (10): | 35.16 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 22.63 | |
| TEMA (21): | 34.92 | |
| Williams %R (14): | -41.04 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 1.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3100 | |
| Courbe Coppock: | 2.03 |
| MA7: | 34.59 | |
| MA20: | 34.80 | |
| MA50: | 32.74 | |
| MA100: | 31.69 | |
| MAexp7: | 34.61 | |
| MAexp20: | 34.31 | |
| MAexp50: | 33.20 | |
| MAexp100: | 32.70 | |
| Price / MA7: | +1.65% | |
| Price / MA20: | +1.03% | |
| Price / MA50: | +7.39% | |
| Price / MA100: | +10.95% | |
| Price / MAexp7: | +1.59% | |
| Price / MAexp20: | +2.48% | |
| Price / MAexp50: | +5.90% | |
| Price / MAexp100: | +7.52% |
News
The last news published on ARAMARK at the time of the generation of this analysis was as follows:
- Events DC and Aramark Officially Kick Off New Food & Beverage Partnership at the Walter E. Washington Convention Center
- Cleveland Cavaliers & Aramark Launch Mobile Ordering, Using iPhone Messages App, at Quicken Loans Arena
- Aramark and the American Heart Association Report Significant Strides in Delivering Healthier Menus to Americans
- Events DC Announces New Exclusive Food and Beverage Partnership with Globally-Recognized Aramark at the Walter E. Washington Convention Center
- SHAREHOLDER ALERT: Monteverde & Associates PC Launches An Investigation of the Board of Directors and Officers of Aramark Healthcare Technologies - ARMK
This member declared not having a position on this financial instrument or a related financial instrument.
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