DRIL-QUIP INC. - Daily - Technical analysis published on 10/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 49.55 USD
My targets
44.57 USD (-6.01%)
41.00 USD (-13.54%)
My analysis
The basic trend is currently slightly bearish on DRIL-QUIP INC. and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 49.55 USD, sales could be favoured. The first bearish objective would be located at 44.57 USD. Sellers would then use the next support located at 41.00 USD as an objective. Crossing it would then enable sellers to target 36.09 USD. A return to above the resistance at 49.55 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
3.6
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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
DRIL-QUIP INC. rating 47.42 USD. On the day, this instrument lost -1.41% and was traded between 46.40 USD and 48.35 USD over the period. The price is currently at +2.20% from its lowest and -1.92% from its highest.46.40
48.35
47.42
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of DRIL-QUIP INC. in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
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 engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.09 | 41.00 | 44.57 | 47.42 | 49.55 | 52.64 | 55.56 |
| Change (%) | -23.89% | -13.54% | -6.01% | - | +4.49% | +11.01% | +17.17% |
| Change | -11.33 | -6.42 | -2.85 | - | +2.13 | +5.22 | +8.14 |
| Level | Intermediate | Major | Major | - | Major | Major | 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 | 43.45 | 45.62 | 46.86 | 49.03 | 50.27 | 52.44 | 53.68 |
| Camarilla | 47.16 | 47.48 | 47.79 | 48.10 | 48.41 | 48.73 | 49.04 |
| Woodie | 42.99 | 45.39 | 46.40 | 48.80 | 49.81 | 52.21 | 53.22 |
| Fibonacci | 45.62 | 46.92 | 47.73 | 49.03 | 50.33 | 51.14 | 52.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.00 | 46.68 | 48.70 | 52.38 | 54.40 | 58.08 | 60.10 |
| Camarilla | 49.14 | 49.67 | 50.19 | 50.71 | 51.23 | 51.76 | 52.28 |
| Woodie | 42.16 | 46.27 | 47.86 | 51.97 | 53.56 | 57.67 | 59.26 |
| Fibonacci | 46.68 | 48.86 | 50.21 | 52.38 | 54.56 | 55.91 | 58.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.57 | 37.11 | 43.64 | 50.18 | 56.71 | 63.25 | 69.78 |
| Camarilla | 46.59 | 47.78 | 48.98 | 50.18 | 51.38 | 52.58 | 53.77 |
| Woodie | 30.58 | 37.11 | 43.65 | 50.18 | 56.72 | 63.25 | 69.79 |
| Fibonacci | 37.11 | 42.10 | 45.18 | 50.18 | 55.17 | 58.25 | 63.25 |
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): | 39.51 | |
| MACD (12,26,9): | 0.2800 | |
| Directional Movement: | -7.79 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 51.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.30 | |
| Elder Ray (13): | -3.59 | |
| Super Trend (3,10): | 53.82 | |
| Zig ZAG (10): | 47.42 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 7.39 | |
| TEMA (21): | 51.01 | |
| Williams %R (14): | -90.11 | |
| Chande Momentum Oscillator (20): | -8.00 | |
| Repulse (5,40,3): | -6.7800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.3500 | |
| Courbe Coppock: | 0.18 |
| MA7: | 50.81 | |
| MA20: | 51.88 | |
| MA50: | 49.49 | |
| MA100: | 46.67 | |
| MAexp7: | 50.17 | |
| MAexp20: | 50.89 | |
| MAexp50: | 49.46 | |
| MAexp100: | 47.57 | |
| Price / MA7: | -6.67% | |
| Price / MA20: | -8.60% | |
| Price / MA50: | -4.18% | |
| Price / MA100: | +1.61% | |
| Price / MAexp7: | -5.48% | |
| Price / MAexp20: | -6.82% | |
| Price / MAexp50: | -4.12% | |
| Price / MAexp100: | -0.32% |
News
The latest news and videos published on DRIL-QUIP INC. at the time of the analysis were as follows:
- Factors of Influence in 2018, Key Indicators and Opportunity within Greenhill & Co., Genesco, M/I Homes, Dril-Quip, Knowles, and Sanmina — New Research Emphasizes Economic Growth
- Report: Exploring Fundamental Drivers Behind Ferro, Royal Gold, Dril-Quip, Steven Madden, Stanley Black & Decker, and Spirit Aerosystems — New Horizons, Emerging Trends, and Upcoming Developments
- Dril-Quip, Inc. Announces Results for Third Quarter 2017
- Dril-Quip Updates On Impact Of Hurricane Harvey
- Dril-Quip, Inc. Announces Results for Second Quarter 2017
This member declared not having a position on this financial instrument or a related financial instrument.
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