D/B/A SIBANYE-STILLWATER - Daily - Technical analysis published on 04/06/2023 (GMT)
- 110
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 9.24 USD
My targets
7.71 USD (-8.10%)
6.70 USD (-20.14%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 9.24 USD remains possible. It is advisable to trade D/B/A SIBANYE-STILLWATER with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 9.24 USD. The next bearish objective for sellers is set at 7.71 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.70 USD. In case of crossing, the next objective would be the support located at 4.97 USD. PS: if there is a bullish break in the resistance located at 9.24 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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This analysis was given by AleksanderTheGreat. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
D/B/A SIBANYE-STILLWATER rating 8.39 USD. The price registered a decrease of -0.83% on the session with the lowest point at 8.28 USD and the highest point at 8.52 USD. The deviation from the price is +1.33% for the low point and -1.53% for the high point.8.28
8.52
8.39
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of D/B/A SIBANYE-STILLWATER in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.15 | 4.97 | 7.71 | 8.39 | 8.47 | 9.94 | 10.65 |
| Change (%) | -62.46% | -40.76% | -8.10% | - | +0.95% | +18.47% | +26.94% |
| Change | -5.24 | -3.42 | -0.68 | - | +0.08 | +1.55 | +2.26 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Minor |
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 | 8.03 | 8.16 | 8.27 | 8.40 | 8.51 | 8.64 | 8.75 |
| Camarilla | 8.32 | 8.35 | 8.37 | 8.39 | 8.41 | 8.43 | 8.46 |
| Woodie | 8.03 | 8.16 | 8.27 | 8.40 | 8.51 | 8.64 | 8.75 |
| Fibonacci | 8.16 | 8.25 | 8.31 | 8.40 | 8.49 | 8.55 | 8.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.48 | 7.75 | 8.04 | 8.31 | 8.60 | 8.87 | 9.16 |
| Camarilla | 8.17 | 8.22 | 8.27 | 8.32 | 8.37 | 8.42 | 8.47 |
| Woodie | 7.48 | 7.76 | 8.04 | 8.32 | 8.60 | 8.88 | 9.16 |
| Fibonacci | 7.75 | 7.97 | 8.10 | 8.31 | 8.53 | 8.66 | 8.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.70 | 7.16 | 7.74 | 8.20 | 8.78 | 9.24 | 9.82 |
| Camarilla | 8.03 | 8.13 | 8.23 | 8.32 | 8.42 | 8.51 | 8.61 |
| Woodie | 6.76 | 7.19 | 7.80 | 8.23 | 8.84 | 9.27 | 9.88 |
| Fibonacci | 7.16 | 7.56 | 7.80 | 8.20 | 8.60 | 8.84 | 9.24 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.19 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | 4.79 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 8.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.13 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 8.71 | |
| Zig ZAG (10): | 8.39 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 71.75 | |
| TEMA (21): | 8.40 | |
| Williams %R (14): | -26.32 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 6.75 |
| MA7: | 8.39 | |
| MA20: | 8.23 | |
| MA50: | 8.85 | |
| MA100: | 9.76 | |
| MAexp7: | 8.36 | |
| MAexp20: | 8.34 | |
| MAexp50: | 8.79 | |
| MAexp100: | 9.30 | |
| Price / MA7: | -0% | |
| Price / MA20: | +1.94% | |
| Price / MA50: | -5.20% | |
| Price / MA100: | -14.04% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | -4.55% | |
| Price / MAexp100: | -9.78% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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