ATHENEX INC. - Daily - Technical analysis published on 08/14/2019 (GMT)
- Who voted?
- 216
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
ATHENEX INC. Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 17.98 USD
My targets
14.41 USD (-2.70%)
13.51 USD (-8.78%)
My analysis
ATHENEX INC. is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 17.98 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 14.41 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 13.51 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 11.39 USD. Beware of a possible return to above the resistance located at 17.98 USD which would be a sign of a correction of the short-term bearish excesses registered.
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.
Additional analysis
Quotes
ATHENEX INC. rating 14.81 USD. The price registered an increase of +4.96% on the session and was between 13.94 USD and 14.83 USD. This implies that the price is at +6.24% from its lowest and at -0.13% from its highest.13.94
14.83
14.81
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of ATHENEX INC. indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 1 are neutral and 13 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
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.39 | 13.51 | 14.41 | 14.81 | 17.98 | 18.98 | 19.97 |
| Change (%) | -23.09% | -8.78% | -2.70% | - | +21.40% | +28.16% | +34.84% |
| Change | -3.42 | -1.30 | -0.40 | - | +3.17 | +4.17 | +5.16 |
| Level | Intermediate | Major | Minor | - | 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 | 13.10 | 13.47 | 13.79 | 14.16 | 14.48 | 14.85 | 15.17 |
| Camarilla | 13.92 | 13.98 | 14.05 | 14.11 | 14.17 | 14.24 | 14.30 |
| Woodie | 13.08 | 13.46 | 13.77 | 14.15 | 14.46 | 14.84 | 15.15 |
| Fibonacci | 13.47 | 13.73 | 13.90 | 14.16 | 14.42 | 14.59 | 14.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.95 | 8.69 | 11.51 | 15.25 | 18.07 | 21.81 | 24.63 |
| Camarilla | 12.52 | 13.12 | 13.72 | 14.32 | 14.92 | 15.52 | 16.12 |
| Woodie | 4.48 | 8.46 | 11.04 | 15.02 | 17.60 | 21.58 | 24.16 |
| Fibonacci | 8.69 | 11.20 | 12.75 | 15.25 | 17.76 | 19.31 | 21.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.59 | 15.71 | 16.86 | 18.98 | 20.13 | 22.25 | 23.40 |
| Camarilla | 17.10 | 17.40 | 17.70 | 18.00 | 18.30 | 18.60 | 18.90 |
| Woodie | 13.10 | 15.47 | 16.37 | 18.74 | 19.64 | 22.01 | 22.91 |
| Fibonacci | 15.71 | 16.96 | 17.73 | 18.98 | 20.23 | 21.00 | 22.25 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 33.53 | |
| MACD (12,26,9): | -0.9600 | |
| Directional Movement: | -30.08 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 16.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.33 | |
| Elder Ray (13): | -2.12 | |
| Super Trend (3,10): | 17.93 | |
| Zig ZAG (10): | 14.81 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 28.60 | |
| TEMA (21): | 14.85 | |
| Williams %R (14): | -64.33 | |
| Chande Momentum Oscillator (20): | -3.83 | |
| Repulse (5,40,3): | 2.8500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 35.70 |
| MA7: | 15.82 | |
| MA20: | 17.71 | |
| MA50: | 18.02 | |
| MA100: | 15.20 | |
| MAexp7: | 15.56 | |
| MAexp20: | 17.11 | |
| MAexp50: | 17.18 | |
| MAexp100: | 16.04 | |
| Price / MA7: | -6.38% | |
| Price / MA20: | -16.37% | |
| Price / MA50: | -17.81% | |
| Price / MA100: | -2.57% | |
| Price / MAexp7: | -4.82% | |
| Price / MAexp20: | -13.44% | |
| Price / MAexp50: | -13.80% | |
| Price / MAexp100: | -7.67% |
News
Don"t forget to follow the news on ATHENEX INC.. At the time of publication of this analysis, the latest news was as follows:
- Athenex Announces Oral Paclitaxel and Encequidar had a Significantly Higher Response Rate Over IV Paclitaxel in a Phase III Pivotal Study in Metastatic Breast Cancer
- Athenex, Inc. Announces Second Quarter 2019 Financial Results, Positive Phase III Results on Oral Paclitaxel plus Encequidar and Increased Product Sales Guidance
- Athenex Provides an Update Regarding the Vasopressin Case
- Athenex, Inc. to Report Second Quarter 2019 Earnings Results on August 7, 2019
- Athenex Announces Strategic Global Initiatives to Expand Clinical Operations
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ATHENEX INC. - Daily