GTT - Daily - Technical analysis published on 10/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 86.03 EUR
My targets
90.00 EUR (+1.18%)
92.05 EUR (+3.49%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GTT as long as the price remains well above 86.03 EUR. The buyers” bullish objective is set at 90.00 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 92.05 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.7
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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
GTT rating 88.95 EUR. The price has increased by +2.07% since the last closing with the lowest point at 86.85 EUR and the highest point at 90.00 EUR. The deviation from the price is +2.42% for the low point and -1.17% for the high point.86.85
90.00
88.95
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GTT:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GTT in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 76.50 | 80.45 | 86.03 | 88.95 | 90.00 | 92.05 |
| Change (%) | -14.00% | -9.56% | -3.28% | - | +1.18% | +3.49% |
| Change | -12.45 | -8.50 | -2.92 | - | +1.05 | +3.10 |
| Level | Minor | Major | Intermediate | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.40 | 84.25 | 85.70 | 86.55 | 88.00 | 88.85 | 90.30 |
| Camarilla | 86.52 | 86.73 | 86.94 | 87.15 | 87.36 | 87.57 | 87.78 |
| Woodie | 83.70 | 84.40 | 86.00 | 86.70 | 88.30 | 89.00 | 90.60 |
| Fibonacci | 84.25 | 85.13 | 85.67 | 86.55 | 87.43 | 87.97 | 88.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.20 | 76.00 | 80.85 | 86.65 | 91.50 | 97.30 | 102.15 |
| Camarilla | 82.77 | 83.75 | 84.72 | 85.70 | 86.68 | 87.65 | 88.63 |
| Woodie | 69.73 | 75.76 | 80.38 | 86.41 | 91.03 | 97.06 | 101.68 |
| Fibonacci | 76.00 | 80.07 | 82.58 | 86.65 | 90.72 | 93.23 | 97.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.94 | 75.56 | 83.21 | 87.83 | 95.47 | 100.10 | 107.74 |
| Camarilla | 87.48 | 88.60 | 89.73 | 90.85 | 91.98 | 93.10 | 94.22 |
| Woodie | 72.45 | 76.32 | 84.72 | 88.58 | 96.98 | 100.85 | 109.25 |
| Fibonacci | 75.56 | 80.25 | 83.14 | 87.83 | 92.51 | 95.41 | 100.10 |
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): | 58.66 | |
| MACD (12,26,9): | 0.7400 | |
| Directional Movement: | 8.78 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 86.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.23 | |
| Elder Ray (13): | 2.14 | |
| Super Trend (3,10): | 92.25 | |
| Zig ZAG (10): | 89.00 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 51.02 | |
| TEMA (21): | 87.11 | |
| Williams %R (14): | -33.80 | |
| Chande Momentum Oscillator (20): | 3.70 | |
| Repulse (5,40,3): | 2.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 4.21 |
| MA7: | 85.78 | |
| MA20: | 85.83 | |
| MA50: | 83.83 | |
| MA100: | 84.36 | |
| MAexp7: | 86.73 | |
| MAexp20: | 85.90 | |
| MAexp50: | 84.87 | |
| MAexp100: | 83.42 | |
| Price / MA7: | +3.70% | |
| Price / MA20: | +3.64% | |
| Price / MA50: | +6.11% | |
| Price / MA100: | +5.44% | |
| Price / MAexp7: | +2.56% | |
| Price / MAexp20: | +3.55% | |
| Price / MAexp50: | +4.81% | |
| Price / MAexp100: | +6.63% |
News
The last news published on GTT at the time of the generation of this analysis was as follows:
- INVESTOR DEADLINE: Scott+Scott Attorneys at Law LLP Reminds Investors of Class Action Against GTT Communications, Inc. and Impending Deadline – GTT
- MONDAY DEADLINE ALERT: The Schall Law Firm Announces it is Investigating Claims Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- GTT 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Class Action Lawsuit Against GTT Communications, Inc. - GTT
- GTT LOSS NOTICE: ROSEN, A LEADING LAW FIRM, Reminds GTT Communications, Inc. Investors of Important September 30th Deadline in Securities Class Action – GTT
- LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In GTT Communications, Inc. To Contact The Firm
This member declared not having a position on this financial instrument or a related financial instrument.
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