WHEATON PRECIOUS METALS CORP - Daily - Technical analysis published on 06/27/2019 (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
67%
11%
22%
My opinion
Bullish above 22.96 USD
My targets
25.13 USD (+5.10%)
30.88 USD (+29.15%)
My analysis
WHEATON PRECIOUS METALS 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 22.96 USD. The next resistance located at 25.13 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 30.88 USD. After this resistance, buyers could then target 41.10 USD. 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 WHEATON PRECIOUS METALS CORP price is 23.91 USD. On the day, this instrument lost -1.36% and was between 23.87 USD and 24.17 USD. This implies that the price is at +0.17% from its lowest and at -1.08% from its highest.23.87
24.17
23.91
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
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this WHEATON PRECIOUS METALS CORP chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
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 | 17.97 | 19.32 | 22.96 | 23.91 | 25.13 | 30.88 | 41.10 |
| Change (%) | -24.84% | -19.20% | -3.97% | - | +5.10% | +29.15% | +71.89% |
| Change | -5.94 | -4.59 | -0.95 | - | +1.22 | +6.97 | +17.19 |
| Level | Minor | Major | Major | - | Major | Intermediate | 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 | 23.38 | 23.65 | 23.94 | 24.22 | 24.51 | 24.78 | 25.08 |
| Camarilla | 24.08 | 24.14 | 24.19 | 24.24 | 24.29 | 24.34 | 24.40 |
| Woodie | 23.39 | 23.66 | 23.96 | 24.22 | 24.52 | 24.79 | 25.09 |
| Fibonacci | 23.65 | 23.87 | 24.00 | 24.22 | 24.43 | 24.56 | 24.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.40 | 22.15 | 23.15 | 23.90 | 24.90 | 25.65 | 26.65 |
| Camarilla | 23.67 | 23.83 | 23.99 | 24.15 | 24.31 | 24.47 | 24.63 |
| Woodie | 21.52 | 22.21 | 23.27 | 23.96 | 25.02 | 25.71 | 26.77 |
| Fibonacci | 22.15 | 22.82 | 23.23 | 23.90 | 24.57 | 24.98 | 25.65 |
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): | 62.17 | |
| MACD (12,26,9): | 0.7900 | |
| Directional Movement: | 17.69 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 24.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.22 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 22.77 | |
| Zig ZAG (10): | 24.05 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 70.06 | |
| TEMA (21): | 24.81 | |
| Williams %R (14): | -39.10 | |
| Chande Momentum Oscillator (20): | 1.23 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5000 | |
| Courbe Coppock: | 15.41 |
| MA7: | 24.32 | |
| MA20: | 23.36 | |
| MA50: | 21.79 | |
| MA100: | 22.10 | |
| MAexp7: | 24.17 | |
| MAexp20: | 23.33 | |
| MAexp50: | 22.44 | |
| MAexp100: | 21.72 | |
| Price / MA7: | -1.69% | |
| Price / MA20: | +2.35% | |
| Price / MA50: | +9.73% | |
| Price / MA100: | +8.19% | |
| Price / MAexp7: | -1.08% | |
| Price / MAexp20: | +2.49% | |
| Price / MAexp50: | +6.55% | |
| Price / MAexp100: | +10.08% |
This member declared not having a position on this financial instrument or a related financial instrument.
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