DMC GLOBAL INC. - Daily - Technical analysis published on 08/21/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 42.94 USD
My targets
37.21 USD (-10.32%)
33.78 USD (-18.58%)
My analysis
DMC GLOBAL INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 42.94 USD. The next support located at 37.21 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 33.78 USD. Below this support, sellers could then target 29.26 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DMC GLOBAL INC. rating is 41.49 USD. The price is lower by -5.60% since the last closing with the lowest point at 41.08 USD and the highest point at 44.31 USD. The deviation from the price is +1.00% for the low point and -6.36% for the high point.41.08
44.31
41.49
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DMC GLOBAL INC.:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this DMC GLOBAL INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 29.26 | 33.78 | 37.21 | 41.49 | 42.94 | 47.36 | 50.60 |
| Change (%) | -29.48% | -18.58% | -10.32% | - | +3.49% | +14.15% | +21.96% |
| Change | -12.23 | -7.71 | -4.28 | - | +1.45 | +5.87 | +9.11 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.28 | 42.60 | 43.28 | 44.59 | 45.27 | 46.59 | 47.26 |
| Camarilla | 43.40 | 43.59 | 43.77 | 43.95 | 44.13 | 44.32 | 44.50 |
| Woodie | 40.96 | 42.44 | 42.95 | 44.43 | 44.95 | 46.43 | 46.94 |
| Fibonacci | 42.60 | 43.36 | 43.83 | 44.59 | 45.36 | 45.83 | 46.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.92 | 40.39 | 42.88 | 45.35 | 47.84 | 50.31 | 52.80 |
| Camarilla | 44.02 | 44.47 | 44.93 | 45.38 | 45.84 | 46.29 | 46.74 |
| Woodie | 37.94 | 40.40 | 42.90 | 45.36 | 47.86 | 50.32 | 52.82 |
| Fibonacci | 40.39 | 42.28 | 43.45 | 45.35 | 47.24 | 48.41 | 50.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.01 | 38.67 | 45.45 | 56.11 | 62.89 | 73.55 | 80.33 |
| Camarilla | 47.44 | 49.04 | 50.64 | 52.24 | 53.84 | 55.44 | 57.04 |
| Woodie | 26.08 | 37.70 | 43.52 | 55.14 | 60.96 | 72.58 | 78.40 |
| Fibonacci | 38.67 | 45.33 | 49.45 | 56.11 | 62.77 | 66.89 | 73.55 |
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): | 26.31 | |
| MACD (12,26,9): | -4.3800 | |
| Directional Movement: | -25.27 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 43.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.91 | |
| Elder Ray (13): | -3.76 | |
| Super Trend (3,10): | 49.86 | |
| Zig ZAG (10): | 41.49 | |
| VORTEX (21): | 0.6200 | |
| Stochastique (14,3,5): | 11.90 | |
| TEMA (21): | 41.55 | |
| Williams %R (14): | -96.42 | |
| Chande Momentum Oscillator (20): | -7.12 | |
| Repulse (5,40,3): | -9.8000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0900 | |
| Courbe Coppock: | 33.15 |
| MA7: | 44.64 | |
| MA20: | 48.78 | |
| MA50: | 57.15 | |
| MA100: | 62.05 | |
| MAexp7: | 44.43 | |
| MAexp20: | 48.77 | |
| MAexp50: | 54.82 | |
| MAexp100: | 56.17 | |
| Price / MA7: | -7.06% | |
| Price / MA20: | -14.94% | |
| Price / MA50: | -27.40% | |
| Price / MA100: | -33.13% | |
| Price / MAexp7: | -6.62% | |
| Price / MAexp20: | -14.93% | |
| Price / MAexp50: | -24.32% | |
| Price / MAexp100: | -26.13% |
News
Don"t forget to follow the news on DMC GLOBAL INC.. At the time of publication of this analysis, the latest news was as follows:
- DMC Global Reports Second Quarter Financial Results
- DMC Global Schedules Second Quarter Earnings Release and Conference Call
- DMC Global Declares Quarterly Cash Dividend
- DMC Global Reports First Quarter Financial Results
- DMC Global Set to Join S&P SmallCap 600
This member declared not having a position on this financial instrument or a related financial instrument.
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