FIRST BUSEY CORP. - Daily - Technical analysis published on 01/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
22%
39%
39%
My opinion
Bearish under 27.52 USD
My targets
25.83 USD (-3.37%)
24.71 USD (-7.56%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for FIRST BUSEY CORP. as long as the price remains well below 27.52 USD. The sellers” bearish objective is set at 25.83 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.71 USD. If there is any crossing, the next objective would be the support located at 23.81 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
1.6
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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
The FIRST BUSEY CORP. rating is 26.73 USD. The price is lower by -0.93% since the last closing and was traded between 26.54 USD and 27.00 USD over the period. The price is currently at +0.72% from its lowest and -1.00% from its highest.26.54
27.00
26.73
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FIRST BUSEY CORP. in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish 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, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.71 | 25.83 | 26.42 | 26.73 | 27.04 | 27.52 | 27.93 |
| Change (%) | -7.56% | -3.37% | -1.16% | - | +1.16% | +2.96% | +4.49% |
| Change | -2.02 | -0.90 | -0.31 | - | +0.31 | +0.79 | +1.20 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
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 | 26.20 | 26.40 | 26.69 | 26.89 | 27.18 | 27.38 | 27.67 |
| Camarilla | 26.85 | 26.89 | 26.94 | 26.98 | 27.03 | 27.07 | 27.12 |
| Woodie | 26.25 | 26.42 | 26.74 | 26.91 | 27.23 | 27.40 | 27.72 |
| Fibonacci | 26.40 | 26.59 | 26.70 | 26.89 | 27.08 | 27.19 | 27.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.61 | 26.07 | 26.61 | 27.07 | 27.61 | 28.07 | 28.61 |
| Camarilla | 26.87 | 26.97 | 27.06 | 27.15 | 27.24 | 27.33 | 27.42 |
| Woodie | 25.65 | 26.09 | 26.65 | 27.09 | 27.65 | 28.09 | 28.65 |
| Fibonacci | 26.07 | 26.45 | 26.69 | 27.07 | 27.46 | 27.69 | 28.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.25 | 25.06 | 26.17 | 26.97 | 28.08 | 28.88 | 30.00 |
| Camarilla | 26.75 | 26.93 | 27.10 | 27.28 | 27.45 | 27.63 | 27.80 |
| Woodie | 24.41 | 25.13 | 26.32 | 27.05 | 28.24 | 28.96 | 30.15 |
| Fibonacci | 25.06 | 25.79 | 26.24 | 26.97 | 27.70 | 28.15 | 28.88 |
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): | 43.25 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -8.80 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 27.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.54 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 26.50 | |
| Zig ZAG (10): | 26.73 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 36.24 | |
| TEMA (21): | 26.92 | |
| Williams %R (14): | -80.40 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -0.5700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.14 |
| MA7: | 27.01 | |
| MA20: | 27.07 | |
| MA50: | 26.88 | |
| MA100: | 26.06 | |
| MAexp7: | 26.96 | |
| MAexp20: | 27.02 | |
| MAexp50: | 26.79 | |
| MAexp100: | 26.33 | |
| Price / MA7: | -1.04% | |
| Price / MA20: | -1.26% | |
| Price / MA50: | -0.56% | |
| Price / MA100: | +2.57% | |
| Price / MAexp7: | -0.85% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | +1.52% |
News
Don"t forget to follow the news on FIRST BUSEY CORP.. At the time of publication of this analysis, the latest news was as follows:
-
First Busey
- First Busey Announces 2016 Fourth Quarter Earnings and Full Year Results
-
First Busey
- First Busey Announces 2016 Third Quarter Earnings
This member declared not having a position on this financial instrument or a related financial instrument.
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