FARO TECHNOLOGIES INC. - Daily - Technical analysis published on 08/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 49.10 USD
My targets
44.04 USD (-7.98%)
40.35 USD (-15.69%)
My analysis
FARO TECHNOLOGIES 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 49.10 USD. The next support located at 44.04 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 40.35 USD. Below this support, sellers could then target 37.95 USD.
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
The FARO TECHNOLOGIES INC. rating is 47.86 USD. The price registered a decrease of -3.27% on the session and was traded between 47.79 USD and 49.91 USD over the period. The price is currently at +0.15% from its lowest and -4.11% from its highest.47.79
49.91
47.86
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FARO TECHNOLOGIES INC.:
Technical
Technical analysis of FARO TECHNOLOGIES INC. in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 37.95 | 40.35 | 44.04 | 47.86 | 49.10 | 53.67 | 57.19 |
| Change (%) | -20.71% | -15.69% | -7.98% | - | +2.59% | +12.14% | +19.49% |
| Change | -9.91 | -7.51 | -3.82 | - | +1.24 | +5.81 | +9.33 |
| Level | Major | Minor | Major | - | Major | Intermediate | Intermediate |
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 | 48.17 | 48.45 | 48.97 | 49.25 | 49.77 | 50.05 | 50.57 |
| Camarilla | 49.26 | 49.33 | 49.41 | 49.48 | 49.55 | 49.63 | 49.70 |
| Woodie | 48.28 | 48.51 | 49.08 | 49.31 | 49.88 | 50.11 | 50.68 |
| Fibonacci | 48.45 | 48.76 | 48.95 | 49.25 | 49.56 | 49.75 | 50.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.42 | 46.01 | 47.42 | 50.01 | 51.42 | 54.01 | 55.42 |
| Camarilla | 47.74 | 48.11 | 48.47 | 48.84 | 49.21 | 49.57 | 49.94 |
| Woodie | 42.84 | 45.72 | 46.84 | 49.72 | 50.84 | 53.72 | 54.84 |
| Fibonacci | 46.01 | 47.54 | 48.48 | 50.01 | 51.54 | 52.48 | 54.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.38 | 41.03 | 47.21 | 50.86 | 57.04 | 60.69 | 66.87 |
| Camarilla | 50.69 | 51.59 | 52.49 | 53.39 | 54.29 | 55.19 | 56.09 |
| Woodie | 38.65 | 41.66 | 48.48 | 51.49 | 58.31 | 61.32 | 68.14 |
| Fibonacci | 41.03 | 44.79 | 47.11 | 50.86 | 54.62 | 56.94 | 60.69 |
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): | 42.07 | |
| MACD (12,26,9): | -0.2100 | |
| Directional Movement: | -8.99 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 49.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.21 | |
| Elder Ray (13): | -0.90 | |
| Super Trend (3,10): | 46.96 | |
| Zig ZAG (10): | 47.86 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 17.55 | |
| TEMA (21): | 49.35 | |
| Williams %R (14): | -98.54 | |
| Chande Momentum Oscillator (20): | -2.21 | |
| Repulse (5,40,3): | -7.9400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 3.55 |
| MA7: | 50.06 | |
| MA20: | 50.13 | |
| MA50: | 49.94 | |
| MA100: | 50.51 | |
| MAexp7: | 49.42 | |
| MAexp20: | 49.90 | |
| MAexp50: | 49.82 | |
| MAexp100: | 49.57 | |
| Price / MA7: | -4.39% | |
| Price / MA20: | -4.53% | |
| Price / MA50: | -4.16% | |
| Price / MA100: | -5.25% | |
| Price / MAexp7: | -3.16% | |
| Price / MAexp20: | -4.09% | |
| Price / MAexp50: | -3.93% | |
| Price / MAexp100: | -3.45% |
News
The latest news and videos published on FARO TECHNOLOGIES INC. at the time of the analysis were as follows:
- FARO Reports Second Quarter 2019 Financial Results
- FARO Invites You to Join Its Second Quarter 2019 Earnings Conference Call
- FARO® Introduces Cobalt Design™ 3D Scanning Solution
- FARO to Present at Baird's 2019 Global Consumer, Technology & Services Conference
- FARO® Introduces CAM2 2019 Metrology Software
This member declared not having a position on this financial instrument or a related financial instrument.
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