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ITURAN LOCATION AND CONTROL
ITURAN LOCATION AND CONTROL
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ITRN
ISIN: IL0010818685

ITURAN LOCATION AND CONTROL - Daily - Technical analysis published on 02/28/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 24.30 USD
My targets
20.13 USD (-9.45%)
16.67 USD (-25.01%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ITURAN LOCATION AND CONTROL as long as the price remains well below 24.30 USD. The sellers” bearish objective is set at 20.13 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.67 USD. In case of crossing, the next objective would be the support located at 10.70 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.1

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

ITURAN LOCATION AND CONTROL rating 22.23 USD. On the day, this instrument lost -0.54% and was traded between 21.50 USD and 22.38 USD over the period. The price is currently at +3.40% from its lowest and -0.67% from its highest.

21.50
22.38
22.23

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ITURAN LOCATION AND CONTROL:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of ITURAN LOCATION AND CONTROL indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily



In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.70 16.67 20.13 22.23 22.50 24.30 25.83
Change (%) -51.87% -25.01% -9.45% - +1.21% +9.31% +16.19%
Change -11.53 -5.56 -2.10 - +0.27 +2.07 +3.60
Level Minor Major Intermediate - Major Major 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
Standard20.1921.1121.7322.6523.2724.1924.81
Camarilla22.8222.9223.0323.1323.2323.3422.77
Woodie21.4422.1622.5723.2923.7024.4224.83
Fibonacci22.2122.6422.9123.3423.7724.0424.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.5724.2124.9625.6026.3526.9927.74
Camarilla25.3325.4625.5825.7125.8425.9726.09
Woodie23.6324.2425.0225.6326.4127.0227.80
Fibonacci24.2124.7425.0725.6026.1326.4626.99


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.2623.2624.3725.3726.4827.4828.59
Camarilla24.9025.0925.2925.4825.6725.8726.06
Woodie22.3223.2924.4325.4026.5427.5128.65
Fibonacci23.2624.0724.5625.3726.1826.6727.48

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 29.23
MACD (12,26,9): -0.5400
Directional Movement: -24.46
AROON (14): -42.86
DEMA (21): 24.02
Parabolic SAR (0,02-0,02-0,2): 25.60
Elder Ray (13): -2.27
Super Trend (3,10): 24.58
Zig ZAG (10): 22.26
VORTEX (21): 0.8100
Stochastique (14,3,5): 10.36
TEMA (21): 23.44
Williams %R (14): -83.97
Chande Momentum Oscillator (20): -3.32
Repulse (5,40,3): -2.9300
ROCnROLL: 2
TRIX (15,9): -0.0600
Courbe Coppock: 10.43
MA7: 23.97
MA20: 24.88
MA50: 25.09
MA100: 24.72
MAexp7: 23.55
MAexp20: 24.54
MAexp50: 24.86
MAexp100: 25.39
Price / MA7: -7.26%
Price / MA20: -10.65%
Price / MA50: -11.40%
Price / MA100: -10.07%
Price / MAexp7: -5.61%
Price / MAexp20: -9.41%
Price / MAexp50: -10.58%
Price / MAexp100: -12.45%

News


The latest news and videos published on ITURAN LOCATION AND CONTROL at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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