KIMBELL ROYALTY PARTNERS - Daily - Technical analysis published on 02/28/2020 (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
11%
72%
17%
My opinion
Bearish under 12.05 USD
My targets
9.98 USD (-10.50%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on KIMBELL ROYALTY PARTNERS as long as the price remains well below 12.05 USD. The sellers” bearish objective is set at 9.98 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.7
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
KIMBELL ROYALTY PARTNERS rating 11.15 USD. On the day, this instrument lost -4.78% and was traded between 10.55 USD and 11.53 USD over the period. The price is currently at +5.69% from its lowest and -3.30% from its highest.10.55
11.53
11.15
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
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of KIMBELL ROYALTY PARTNERS in Daily shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 11.15 | 13.24 | 13.62 | 14.56 |
| Change (%) | - | +18.74% | +22.15% | +30.58% |
| Change | - | +2.09 | +2.47 | +3.41 |
| Level | - | 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 | 10.87 | 11.20 | 11.46 | 11.79 | 12.04 | 12.37 | 12.63 |
| Camarilla | 11.55 | 11.60 | 11.66 | 11.71 | 11.76 | 11.82 | 11.87 |
| Woodie | 10.83 | 11.18 | 11.42 | 11.77 | 12.00 | 12.35 | 12.59 |
| Fibonacci | 11.20 | 11.42 | 11.56 | 11.79 | 12.01 | 12.15 | 12.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.20 | 12.67 | 13.06 | 13.53 | 13.92 | 14.39 | 14.78 |
| Camarilla | 13.22 | 13.30 | 13.38 | 13.46 | 13.54 | 13.62 | 13.70 |
| Woodie | 12.17 | 12.65 | 13.03 | 13.51 | 13.89 | 14.37 | 14.75 |
| Fibonacci | 12.67 | 13.00 | 13.20 | 13.53 | 13.86 | 14.06 | 14.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.98 | 12.05 | 13.14 | 15.21 | 16.29 | 18.36 | 19.45 |
| Camarilla | 13.35 | 13.64 | 13.93 | 14.22 | 14.51 | 14.80 | 15.09 |
| Woodie | 9.49 | 11.80 | 12.64 | 14.96 | 15.80 | 18.12 | 18.95 |
| Fibonacci | 12.05 | 13.26 | 14.00 | 15.21 | 16.41 | 17.16 | 18.36 |
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): | 17.06 | |
| MACD (12,26,9): | -0.8100 | |
| Directional Movement: | -44.16 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 12.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.83 | |
| Elder Ray (13): | -1.90 | |
| Super Trend (3,10): | 12.69 | |
| Zig ZAG (10): | 11.15 | |
| VORTEX (21): | 0.5200 | |
| Stochastique (14,3,5): | 7.43 | |
| TEMA (21): | 11.94 | |
| Williams %R (14): | -83.78 | |
| Chande Momentum Oscillator (20): | -2.35 | |
| Repulse (5,40,3): | -7.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5800 | |
| Courbe Coppock: | 23.16 |
| MA7: | 12.64 | |
| MA20: | 13.54 | |
| MA50: | 14.97 | |
| MA100: | 14.47 | |
| MAexp7: | 12.35 | |
| MAexp20: | 13.39 | |
| MAexp50: | 14.24 | |
| MAexp100: | 14.48 | |
| Price / MA7: | -11.79% | |
| Price / MA20: | -17.65% | |
| Price / MA50: | -25.52% | |
| Price / MA100: | -22.94% | |
| Price / MAexp7: | -9.72% | |
| Price / MAexp20: | -16.73% | |
| Price / MAexp50: | -21.70% | |
| Price / MAexp100: | -23.00% |
This member declared not having a position on this financial instrument or a related financial instrument.
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