AMARIN CORP. - Daily - Technical analysis published on 07/04/2019 (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
94%
0%
6%
My opinion
Bullish above 19.50 USD
My targets
22.98 USD (+0.52%)
My analysis
AMARIN CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 19.50 USD. The next resistance located at 22.98 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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 AMARIN CORP. rating is 22.86 USD. On the day, this instrument gained +2.19% with the lowest point at 22.13 USD and the highest point at 23.79 USD. The deviation from the price is +3.30% for the low point and -3.91% for the high point.22.13
23.79
22.86
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 this Daily chart of AMARIN CORP. indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 12.41 | 15.46 | 19.50 | 22.86 | 22.98 |
Change (%) | -45.71% | -32.37% | -14.70% | - | +0.52% |
Change | -10.45 | -7.40 | -3.36 | - | +0.12 |
Level | Major | Major | 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 | 18.65 | 19.42 | 20.90 | 21.67 | 23.15 | 23.92 | 25.40 |
Camarilla | 21.75 | 21.96 | 22.16 | 22.37 | 22.58 | 22.78 | 22.99 |
Woodie | 19.00 | 19.60 | 21.25 | 21.85 | 23.50 | 24.10 | 25.75 |
Fibonacci | 19.42 | 20.28 | 20.81 | 21.67 | 22.53 | 23.06 | 23.92 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 16.77 | 17.31 | 18.35 | 18.89 | 19.93 | 20.47 | 21.51 |
Camarilla | 18.96 | 19.10 | 19.25 | 19.39 | 19.53 | 19.68 | 19.82 |
Woodie | 17.02 | 17.43 | 18.60 | 19.01 | 20.18 | 20.59 | 21.76 |
Fibonacci | 17.31 | 17.91 | 18.29 | 18.89 | 19.49 | 19.87 | 20.47 |
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): | 75.04 | |
MACD (12,26,9): | 0.7900 | |
Directional Movement: | 34.87 | |
AROON (14): | 85.71 | |
DEMA (21): | 20.18 | |
Parabolic SAR (0,02-0,02-0,2): | 18.44 | |
Elder Ray (13): | 3.19 | |
Super Trend (3,10): | 19.81 | |
Zig ZAG (10): | 22.86 | |
VORTEX (21): | 1.1900 | |
Stochastique (14,3,5): | 83.85 | |
TEMA (21): | 20.85 | |
Williams %R (14): | -15.45 | |
Chande Momentum Oscillator (20): | 4.10 | |
Repulse (5,40,3): | 7.9800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.3200 | |
Courbe Coppock: | 20.83 |
MA7: | 19.86 | |
MA20: | 19.00 | |
MA50: | 18.26 | |
MA100: | 18.79 | |
MAexp7: | 20.55 | |
MAexp20: | 19.31 | |
MAexp50: | 18.68 | |
MAexp100: | 18.14 | |
Price / MA7: | +15.11% | |
Price / MA20: | +20.32% | |
Price / MA50: | +25.19% | |
Price / MA100: | +21.66% | |
Price / MAexp7: | +11.24% | |
Price / MAexp20: | +18.38% | |
Price / MAexp50: | +22.38% | |
Price / MAexp100: | +26.02% |
News
The last news published on AMARIN CORP. at the time of the generation of this analysis was as follows:
- Amarin Corporation plc - AMRN Stock Chart Technical Analysis for 07-03-2019
- Amarin Corporation plc - AMRN Stock Chart Technical Analysis for 07-02-2019
- Amarin Corporation plc - AMRN Stock Chart Technical Analysis for 06-29-2019
- Amarin Corporation plc - AMRN Stock Chart Technical Analysis for 06-13-2019
- Amarin Corporation plc - AMRN Stock Chart Technical Analysis for 06-07-2019
This member declared not having a position on this financial instrument or a related financial instrument.
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