DORMAN PRODUCTS INC. - Daily - Technical analysis published on 11/14/2019 (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
44%
44%
11%
My opinion
Bearish under 77.32 USD
My targets
71.95 USD (-0.72%)
69.01 USD (-4.77%)
My analysis
The bearish trend is currently very strong for DORMAN PRODUCTS INC.. As long as the price remains below the resistance at 77.32 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 71.95 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 69.01 USD as an objective. Crossing it would then enable sellers to target 60.93 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.7
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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 DORMAN PRODUCTS INC. rating is 72.47 USD. The price has increased by +1.70% since the last closing and was traded between 70.93 USD and 72.56 USD over the period. The price is currently at +2.17% from its lowest and -0.12% from its highest.70.93
72.56
72.47
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DORMAN PRODUCTS INC. chart shows a sharp bearish trend. 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 detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 60.93 | 69.01 | 71.95 | 72.47 | 77.32 | 83.71 | 86.25 |
| Change (%) | -15.92% | -4.77% | -0.72% | - | +6.69% | +15.51% | +19.01% |
| Change | -11.54 | -3.46 | -0.52 | - | +4.85 | +11.24 | +13.78 |
| Level | Major | Major | Intermediate | - | 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 | 69.34 | 69.99 | 70.63 | 71.28 | 71.92 | 72.57 | 73.21 |
| Camarilla | 70.91 | 71.02 | 71.14 | 71.26 | 71.38 | 71.50 | 71.62 |
| Woodie | 69.33 | 69.99 | 70.62 | 71.28 | 71.91 | 72.57 | 73.20 |
| Fibonacci | 69.99 | 70.49 | 70.79 | 71.28 | 71.78 | 72.08 | 72.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.05 | 70.04 | 71.25 | 73.24 | 74.45 | 76.44 | 77.65 |
| Camarilla | 71.57 | 71.86 | 72.16 | 72.45 | 72.74 | 73.04 | 73.33 |
| Woodie | 67.65 | 69.85 | 70.85 | 73.05 | 74.05 | 76.25 | 77.25 |
| Fibonacci | 70.04 | 71.27 | 72.02 | 73.24 | 74.47 | 75.22 | 76.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.02 | 62.45 | 67.20 | 75.63 | 80.38 | 88.81 | 93.56 |
| Camarilla | 68.33 | 69.53 | 70.74 | 71.95 | 73.16 | 74.37 | 75.57 |
| Woodie | 52.18 | 61.53 | 65.36 | 74.71 | 78.54 | 87.89 | 91.72 |
| Fibonacci | 62.45 | 67.49 | 70.60 | 75.63 | 80.67 | 83.78 | 88.81 |
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): | 38.23 | |
| MACD (12,26,9): | -2.0100 | |
| Directional Movement: | -13.41 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 72.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 78.94 | |
| Elder Ray (13): | -1.81 | |
| Super Trend (3,10): | 77.07 | |
| Zig ZAG (10): | 72.41 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 14.05 | |
| TEMA (21): | 70.69 | |
| Williams %R (14): | -70.47 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3200 | |
| Courbe Coppock: | 19.54 |
| MA7: | 72.34 | |
| MA20: | 75.77 | |
| MA50: | 78.25 | |
| MA100: | 77.77 | |
| MAexp7: | 72.42 | |
| MAexp20: | 74.66 | |
| MAexp50: | 76.65 | |
| MAexp100: | 78.28 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -4.36% | |
| Price / MA50: | -7.39% | |
| Price / MA100: | -6.81% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -2.93% | |
| Price / MAexp50: | -5.45% | |
| Price / MAexp100: | -7.42% |
News
The last news published on DORMAN PRODUCTS INC. at the time of the generation of this analysis was as follows:
- Dorman Products, Inc. Appoints John McKnight as Senior Vice President, Global Operations
- Dorman Products, Inc. Reports Third Quarter 2019 Results
- Dorman Products, Inc. Announces Date to Report Third Quarter 2019 Financial Results
- Dorman Products, Inc. Reports Second Quarter 2019 Results
- Dorman Products, Inc. Announces Date to Report Second Quarter 2019 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
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