GUIDEWIRE SOFTWARE INC. - Daily - Technical analysis published on 11/06/2019 (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 108.38 USD
My targets
117.17 USD (+3.15%)
121.61 USD (+7.06%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GUIDEWIRE SOFTWARE INC. as long as the price remains well above 108.38 USD. The buyers” bullish objective is set at 117.17 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 121.61 USD. If there is any crossing, the next objective would be the resistance located at 129.37 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8
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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 GUIDEWIRE SOFTWARE INC. price is 113.59 USD. On the day, this instrument lost -1.01% and was traded between 113.38 USD and 116.10 USD over the period. The price is currently at +0.19% from its lowest and -2.16% from its highest.113.38
116.10
113.59
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
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GUIDEWIRE SOFTWARE INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 93.23 | 103.63 | 108.38 | 113.59 |
| Change (%) | -17.92% | -8.77% | -4.59% | - |
| Change | -20.36 | -9.96 | -5.21 | - |
| Level | 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 | 111.27 | 111.93 | 113.03 | 113.69 | 114.79 | 115.45 | 116.55 |
| Camarilla | 113.66 | 113.82 | 113.98 | 114.14 | 114.30 | 114.46 | 114.62 |
| Woodie | 111.50 | 112.04 | 113.26 | 113.80 | 115.02 | 115.56 | 116.78 |
| Fibonacci | 111.93 | 112.60 | 113.01 | 113.69 | 114.36 | 114.77 | 115.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.31 | 109.55 | 111.85 | 113.09 | 115.39 | 116.63 | 118.93 |
| Camarilla | 113.17 | 113.49 | 113.82 | 114.14 | 114.47 | 114.79 | 115.11 |
| Woodie | 108.83 | 109.82 | 112.37 | 113.36 | 115.91 | 116.90 | 119.45 |
| Fibonacci | 109.55 | 110.91 | 111.74 | 113.09 | 114.45 | 115.28 | 116.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.77 | 97.21 | 104.97 | 109.41 | 117.17 | 121.61 | 129.37 |
| Camarilla | 109.39 | 110.50 | 111.62 | 112.74 | 113.86 | 114.98 | 116.10 |
| Woodie | 94.44 | 98.04 | 106.64 | 110.24 | 118.84 | 122.44 | 131.04 |
| Fibonacci | 97.21 | 101.87 | 104.75 | 109.41 | 114.07 | 116.95 | 121.61 |
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): | 63.54 | |
| MACD (12,26,9): | 2.1600 | |
| Directional Movement: | 13.58 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 113.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 110.16 | |
| Elder Ray (13): | 3.12 | |
| Super Trend (3,10): | 107.51 | |
| Zig ZAG (10): | 113.59 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 84.95 | |
| TEMA (21): | 113.82 | |
| Williams %R (14): | -26.93 | |
| Chande Momentum Oscillator (20): | 2.43 | |
| Repulse (5,40,3): | -0.7700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2600 | |
| Courbe Coppock: | 8.77 |
| MA7: | 112.86 | |
| MA20: | 110.05 | |
| MA50: | 106.07 | |
| MA100: | 102.78 | |
| MAexp7: | 112.74 | |
| MAexp20: | 110.49 | |
| MAexp50: | 107.04 | |
| MAexp100: | 104.01 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +3.22% | |
| Price / MA50: | +7.09% | |
| Price / MA100: | +10.52% | |
| Price / MAexp7: | +0.75% | |
| Price / MAexp20: | +2.81% | |
| Price / MAexp50: | +6.12% | |
| Price / MAexp100: | +9.21% |
News
The latest news and videos published on GUIDEWIRE SOFTWARE INC. at the time of the analysis were as follows:
- Hearsay Systems Joins Guidewire PartnerConnect Solution Alliance Program
- The Commonwell Mutual Insurance Group Deploys Guidewire InsurancePlatform in Deloitte’s InsurCloud
- Society Insurance Selects Guidewire InsurancePlatform
- Gore Mutual Insurance Company Selects Guidewire InsurancePlatform via Guidewire Cloud to Accelerate Claims Transformation
- Guidewire InsuranceSuite Positioned as a Leader in Gartner's Magic Quadrant for P&C Core Platforms, North America, for Fifth Consecutive Time
This member declared not having a position on this financial instrument or a related financial instrument.
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