ALTABA INC. - Daily - Technical analysis published on 07/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
ALTABA INC. Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 67.55 USD
My targets
72.86 USD (+3.25%)
77.53 USD (+9.86%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on ALTABA INC. as long as the price remains well above 67.55 USD. The buyers” bullish objective is set at 72.86 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 77.53 USD. If there is any crossing, the next objective would be the resistance located at 82.36 USD.
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
ALTABA INC. rating 70.57 USD. The price registered an increase of +0.00% on the session and was traded between 70.35 USD and 70.60 USD over the period. The price is currently at +0.31% from its lowest and -0.04% from its highest.70.35
70.60
70.57
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALTABA INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ALTABA INC. in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 59.20 | 62.92 | 67.55 | 70.57 | 72.86 | 77.53 | 82.36 |
| Change (%) | -16.11% | -10.84% | -4.28% | - | +3.25% | +9.86% | +16.71% |
| Change | -11.37 | -7.65 | -3.02 | - | +2.29 | +6.96 | +11.79 |
| Level | Intermediate | Minor | Major | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.89 | 69.61 | 70.09 | 70.81 | 71.29 | 72.00 | 72.48 |
| Camarilla | 70.24 | 70.35 | 70.46 | 70.57 | 70.68 | 70.79 | 70.90 |
| Woodie | 68.78 | 69.55 | 69.97 | 70.75 | 71.17 | 71.94 | 72.36 |
| Fibonacci | 69.61 | 70.07 | 70.35 | 70.81 | 71.26 | 71.54 | 72.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.24 | 67.26 | 68.31 | 69.33 | 70.38 | 71.40 | 72.45 |
| Camarilla | 68.80 | 68.99 | 69.18 | 69.37 | 69.56 | 69.75 | 69.94 |
| Woodie | 66.26 | 67.27 | 68.33 | 69.34 | 70.40 | 71.41 | 72.47 |
| Fibonacci | 67.26 | 68.05 | 68.54 | 69.33 | 70.12 | 70.61 | 71.40 |
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): | 62.32 | |
| MACD (12,26,9): | 1.0200 | |
| Directional Movement: | 16.46 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 69.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.54 | |
| Elder Ray (13): | 1.70 | |
| Super Trend (3,10): | 66.44 | |
| Zig ZAG (10): | 70.55 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 81.42 | |
| TEMA (21): | 70.86 | |
| Williams %R (14): | -19.10 | |
| Chande Momentum Oscillator (20): | 4.44 | |
| Repulse (5,40,3): | -0.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 16.35 |
| MA7: | 69.68 | |
| MA20: | 67.27 | |
| MA50: | 68.56 | |
| MA100: | 70.84 | |
| MAexp7: | 69.69 | |
| MAexp20: | 68.10 | |
| MAexp50: | 68.31 | |
| MAexp100: | 68.74 | |
| Price / MA7: | +1.28% | |
| Price / MA20: | +4.91% | |
| Price / MA50: | +2.93% | |
| Price / MA100: | -0.38% | |
| Price / MAexp7: | +1.26% | |
| Price / MAexp20: | +3.63% | |
| Price / MAexp50: | +3.31% | |
| Price / MAexp100: | +2.66% |
This member declared not having a position on this financial instrument or a related financial instrument.
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