HERON THERAPEUTICS INC. - Daily - Technical analysis published on 01/13/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
33%
50%
17%
My opinion
Bearish under 22.72 USD
My targets
21.36 USD (-3.83%)
20.12 USD (-9.41%)
My analysis
The strong short-term decline in HERON THERAPEUTICS INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 22.72 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 21.36 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 20.12 USD as an objective. Crossing it would then enable sellers to target 19.20 USD. Be careful, a return to above 22.72 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
0.9
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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 HERON THERAPEUTICS INC. rating is 22.21 USD. On the day, this instrument gained +5.66% and was between 20.68 USD and 22.27 USD. This implies that the price is at +7.40% from its lowest and at -0.27% from its highest.20.68
22.27
22.21
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of HERON THERAPEUTICS INC. in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
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 over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.20 | 20.12 | 21.36 | 22.21 | 22.72 | 24.51 | 26.57 |
| Change (%) | -13.55% | -9.41% | -3.83% | - | +2.30% | +10.36% | +19.63% |
| Change | -3.01 | -2.09 | -0.85 | - | +0.51 | +2.30 | +4.36 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.97 | 20.32 | 20.67 | 21.02 | 21.37 | 21.72 | 22.07 |
| Camarilla | 20.83 | 20.89 | 20.96 | 21.02 | 21.08 | 21.15 | 21.21 |
| Woodie | 19.97 | 20.32 | 20.67 | 21.02 | 21.37 | 21.72 | 22.07 |
| Fibonacci | 20.32 | 20.59 | 20.75 | 21.02 | 21.29 | 21.45 | 21.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.65 | 19.16 | 20.09 | 21.60 | 22.53 | 24.04 | 24.97 |
| Camarilla | 20.35 | 20.57 | 20.80 | 21.02 | 21.24 | 21.47 | 21.69 |
| Woodie | 17.36 | 19.02 | 19.80 | 21.46 | 22.24 | 23.90 | 24.68 |
| Fibonacci | 19.16 | 20.09 | 20.67 | 21.60 | 22.53 | 23.11 | 24.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.87 | 21.12 | 22.31 | 24.56 | 25.75 | 28.00 | 29.19 |
| Camarilla | 22.55 | 22.87 | 23.19 | 23.50 | 23.82 | 24.13 | 24.45 |
| Woodie | 18.34 | 20.86 | 21.78 | 24.30 | 25.22 | 27.74 | 28.66 |
| Fibonacci | 21.12 | 22.43 | 23.25 | 24.56 | 25.87 | 26.69 | 28.00 |
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): | 39.72 | |
| MACD (12,26,9): | -0.7000 | |
| Directional Movement: | -14.24 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 22.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.67 | |
| Elder Ray (13): | -1.25 | |
| Super Trend (3,10): | 23.47 | |
| Zig ZAG (10): | 22.21 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 14.32 | |
| TEMA (21): | 21.40 | |
| Williams %R (14): | -69.69 | |
| Chande Momentum Oscillator (20): | -3.05 | |
| Repulse (5,40,3): | 4.5200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 24.71 |
| MA7: | 21.98 | |
| MA20: | 23.72 | |
| MA50: | 23.60 | |
| MA100: | 21.26 | |
| MAexp7: | 22.09 | |
| MAexp20: | 23.17 | |
| MAexp50: | 23.04 | |
| MAexp100: | 22.02 | |
| Price / MA7: | +1.05% | |
| Price / MA20: | -6.37% | |
| Price / MA50: | -5.89% | |
| Price / MA100: | +4.47% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | -4.14% | |
| Price / MAexp50: | -3.60% | |
| Price / MAexp100: | +0.86% |
News
The last news published on HERON THERAPEUTICS INC. at the time of the generation of this analysis was as follows:
- Heron Therapeutics Highlights Progress in Pain Management and CINV Franchises
- Heron Therapeutics Announces Publication of the Mechanism of Action Data for HTX-011, a Dual-Acting Local Anesthetic Being Developed for Management of Postoperative Pain
- Health Canada Grants Priority Review Status for Heron Therapeutics' New Drug Submission for HTX-011 for Management of Postoperative Pain
- Heron Therapeutics to Present at the Evercore ISI HealthCONx Conference
- Heron Therapeutics to Present at the Jefferies London Healthcare Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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