PERFORMANCE FOOD GROUP CO. - Daily - Technical analysis published on 12/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 43.40 USD
My targets
48.88 USD (+3.62%)
50.77 USD (+7.62%)
My analysis
The bullish trend is currently very strong on PERFORMANCE FOOD GROUP CO.. As long as the price remains above the support at 43.40 USD, you could try to benefit from the boom. The first bullish objective is located at 48.88 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 50.77 USD as an objective. Crossing it would then enable buyers to target 53.86 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.1
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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
The PERFORMANCE FOOD GROUP CO. rating is 47.17 USD. The price registered a decrease of -0.59% on the session and was between 46.74 USD and 47.75 USD. This implies that the price is at +0.92% from its lowest and at -1.21% from its highest.46.74
47.75
47.17
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
Here is a more detailed summary of the historical variations registered by PERFORMANCE FOOD GROUP CO.:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PERFORMANCE FOOD GROUP CO. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 41.19 | 43.40 | 46.86 | 47.17 |
| Change (%) | -12.68% | -7.99% | -0.66% | - |
| Change | -5.98 | -3.77 | -0.31 | - |
| Level | Intermediate | Minor | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.71 | 46.96 | 47.21 | 47.46 | 47.71 | 47.96 | 48.21 |
| Camarilla | 47.31 | 47.36 | 47.40 | 47.45 | 47.50 | 47.54 | 47.59 |
| Woodie | 46.70 | 46.96 | 47.20 | 47.46 | 47.70 | 47.96 | 48.20 |
| Fibonacci | 46.96 | 47.15 | 47.27 | 47.46 | 47.65 | 47.77 | 47.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.47 | 45.11 | 46.16 | 46.80 | 47.86 | 48.50 | 49.55 |
| Camarilla | 46.75 | 46.91 | 47.07 | 47.22 | 47.38 | 47.53 | 47.69 |
| Woodie | 44.68 | 45.21 | 46.37 | 46.91 | 48.07 | 48.60 | 49.76 |
| Fibonacci | 45.11 | 45.75 | 46.15 | 46.80 | 47.45 | 47.85 | 48.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.92 | 40.81 | 43.90 | 45.79 | 48.88 | 50.77 | 53.86 |
| Camarilla | 45.62 | 46.08 | 46.54 | 46.99 | 47.45 | 47.91 | 48.36 |
| Woodie | 39.52 | 41.11 | 44.50 | 46.09 | 49.48 | 51.07 | 54.46 |
| Fibonacci | 40.81 | 42.71 | 43.88 | 45.79 | 47.69 | 48.86 | 50.77 |
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): | 61.06 | |
| MACD (12,26,9): | 0.7300 | |
| Directional Movement: | 4.88 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 47.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.78 | |
| Elder Ray (13): | 0.48 | |
| Super Trend (3,10): | 44.90 | |
| Zig ZAG (10): | 47.17 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 89.25 | |
| TEMA (21): | 47.68 | |
| Williams %R (14): | -17.63 | |
| Chande Momentum Oscillator (20): | 1.72 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 6.96 |
| MA7: | 47.04 | |
| MA20: | 46.43 | |
| MA50: | 44.71 | |
| MA100: | 44.96 | |
| MAexp7: | 47.10 | |
| MAexp20: | 46.38 | |
| MAexp50: | 45.44 | |
| MAexp100: | 44.48 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +1.59% | |
| Price / MA50: | +5.50% | |
| Price / MA100: | +4.92% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +1.70% | |
| Price / MAexp50: | +3.81% | |
| Price / MAexp100: | +6.05% |
News
Don"t forget to follow the news on PERFORMANCE FOOD GROUP CO.. At the time of publication of this analysis, the latest news was as follows:
- Performance Food Group Company Receives Request from FTC for Additional Information Regarding Proposed Transaction with Reinhart Foodservice
- Performance Food Group Company Announces Pricing of Offering of $1.06 billion of 5.500% Senior Notes due 2027
- Performance Food Group Company Announces Intention to Offer $1.06 Billion of Senior Notes
- Performance Food Group Company to Host Webcast of Fourth-Quarter and Full-Year Fiscal 2019 Results
- Performance Food Group Company Presents at CAGNY Conference; Reaffirms Fiscal 2019 Outlook
This member declared not having a position on this financial instrument or a related financial instrument.
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