GLOBANT S.A. - Daily - Technical analysis published on 12/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Neutral between 94.33 USD and 101.59 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on GLOBANT S.A.. It is difficult to advise a trading direction under these conditions. The first resistance is located at 101.59 USD. The first support is located at 94.33 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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
GLOBANT S.A. rating 99.94 USD. On the day, this instrument gained +1.20% with the lowest point at 98.45 USD and the highest point at 100.22 USD. The deviation from the price is +1.51% for the low point and -0.28% for the high point.98.45
100.22
99.94
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GLOBANT S.A. chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
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:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 79.61 | 86.90 | 94.33 | 99.94 | 101.59 | 105.01 | 111.22 |
| Change (%) | -20.34% | -13.05% | -5.61% | - | +1.65% | +5.07% | +11.29% |
| Change | -20.33 | -13.04 | -5.61 | - | +1.65 | +5.07 | +11.28 |
| Level | Minor | Major | Major | - | Major | Major | 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 | 91.25 | 94.27 | 96.51 | 99.54 | 101.78 | 104.81 | 107.05 |
| Camarilla | 97.31 | 97.79 | 98.28 | 98.76 | 99.24 | 99.73 | 100.21 |
| Woodie | 90.86 | 94.07 | 96.13 | 99.34 | 101.39 | 104.61 | 106.66 |
| Fibonacci | 94.27 | 96.28 | 97.52 | 99.54 | 101.55 | 102.79 | 104.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.55 | 100.12 | 103.58 | 106.15 | 109.61 | 112.18 | 115.64 |
| Camarilla | 105.37 | 105.92 | 106.48 | 107.03 | 107.58 | 108.14 | 108.69 |
| Woodie | 97.98 | 100.34 | 104.02 | 106.37 | 110.05 | 112.40 | 116.08 |
| Fibonacci | 100.12 | 102.43 | 103.85 | 106.15 | 108.46 | 109.88 | 112.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.51 | 85.32 | 96.17 | 102.98 | 113.83 | 120.64 | 131.49 |
| Camarilla | 102.17 | 103.79 | 105.41 | 107.03 | 108.65 | 110.27 | 111.89 |
| Woodie | 80.54 | 86.33 | 98.20 | 103.99 | 115.86 | 121.65 | 133.52 |
| Fibonacci | 85.32 | 92.06 | 96.23 | 102.98 | 109.72 | 113.89 | 120.64 |
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): | 48.24 | |
| MACD (12,26,9): | 1.6700 | |
| Directional Movement: | -3.05 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 103.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 94.89 | |
| Elder Ray (13): | -2.89 | |
| Super Trend (3,10): | 96.32 | |
| Zig ZAG (10): | 99.00 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 48.26 | |
| TEMA (21): | 103.93 | |
| Williams %R (14): | -57.76 | |
| Chande Momentum Oscillator (20): | -0.25 | |
| Repulse (5,40,3): | -2.3800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3200 | |
| Courbe Coppock: | 5.40 |
| MA7: | 104.32 | |
| MA20: | 101.74 | |
| MA50: | 97.19 | |
| MA100: | 97.92 | |
| MAexp7: | 102.34 | |
| MAexp20: | 101.08 | |
| MAexp50: | 98.61 | |
| MAexp100: | 96.39 | |
| Price / MA7: | -4.20% | |
| Price / MA20: | -1.77% | |
| Price / MA50: | +2.83% | |
| Price / MA100: | +2.06% | |
| Price / MAexp7: | -2.35% | |
| Price / MAexp20: | -1.13% | |
| Price / MAexp50: | +1.35% | |
| Price / MAexp100: | +3.68% |
News
The latest news and videos published on GLOBANT S.A. at the time of the analysis were as follows:
- Globant Reports 2019 Third Quarter Financial Results
- Globant Releases Study on How to Power a People-First Culture
- Globant to Announce Third Quarter 2019 Financial Results on November 14th
- Globant Releases Data on How Organizations Can Successfully Lead Company-Wide Digital Initiatives
- Globant's Annual CONVERGE Conference To Explore Augmented Organizations
This member declared not having a position on this financial instrument or a related financial instrument.
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