MDU RESOURCES GROUP INC. - Daily - Technical analysis published on 11/15/2019 (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 28.65 USD
My targets
29.25 USD (+0.90%)
29.61 USD (+2.14%)
My analysis
The bullish trend is currently very strong on MDU RESOURCES GROUP INC.. As long as the price remains above the support at 28.65 USD, you could try to benefit from the boom. The first bullish objective is located at 29.25 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 29.61 USD as an objective. Crossing it would then enable buyers to target 35.93 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MDU RESOURCES GROUP INC. price is 28.99 USD. The price registered a decrease of -0.34% on the session and was traded between 28.96 USD and 29.22 USD over the period. The price is currently at +0.10% from its lowest and -0.79% from its highest.28.96
29.22
28.99
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
Technical analysis of MDU RESOURCES GROUP INC. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% 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.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.52 | 27.04 | 28.65 | 28.99 | 29.25 | 29.61 | 35.93 |
| Change (%) | -8.52% | -6.73% | -1.17% | - | +0.90% | +2.14% | +23.94% |
| Change | -2.47 | -1.95 | -0.34 | - | +0.26 | +0.62 | +6.94 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.60 | 28.74 | 28.92 | 29.06 | 29.23 | 29.37 | 29.55 |
| Camarilla | 29.00 | 29.03 | 29.06 | 29.09 | 29.12 | 29.15 | 29.18 |
| Woodie | 28.62 | 28.75 | 28.93 | 29.06 | 29.25 | 29.38 | 29.56 |
| Fibonacci | 28.74 | 28.86 | 28.94 | 29.06 | 29.18 | 29.25 | 29.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.59 | 28.10 | 28.43 | 28.94 | 29.27 | 29.78 | 30.11 |
| Camarilla | 28.52 | 28.60 | 28.67 | 28.75 | 28.83 | 28.90 | 28.98 |
| Woodie | 27.49 | 28.06 | 28.33 | 28.90 | 29.17 | 29.74 | 30.01 |
| Fibonacci | 28.10 | 28.42 | 28.62 | 28.94 | 29.26 | 29.46 | 29.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.39 | 26.29 | 27.59 | 28.49 | 29.79 | 30.69 | 31.99 |
| Camarilla | 28.29 | 28.49 | 28.69 | 28.89 | 29.09 | 29.29 | 29.50 |
| Woodie | 25.59 | 26.39 | 27.79 | 28.59 | 29.99 | 30.79 | 32.19 |
| Fibonacci | 26.29 | 27.13 | 27.65 | 28.49 | 29.33 | 29.85 | 30.69 |
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): | 61.48 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | 15.94 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 29.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.70 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 28.11 | |
| Zig ZAG (10): | 28.99 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 72.29 | |
| TEMA (21): | 29.12 | |
| Williams %R (14): | -28.31 | |
| Chande Momentum Oscillator (20): | 0.94 | |
| Repulse (5,40,3): | -0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 6.47 |
| MA7: | 28.92 | |
| MA20: | 28.58 | |
| MA50: | 28.17 | |
| MA100: | 27.16 | |
| MAexp7: | 28.93 | |
| MAexp20: | 28.64 | |
| MAexp50: | 28.08 | |
| MAexp100: | 27.39 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +1.43% | |
| Price / MA50: | +2.91% | |
| Price / MA100: | +6.74% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +1.22% | |
| Price / MAexp50: | +3.24% | |
| Price / MAexp100: | +5.84% |
News
Don"t forget to follow the news on MDU RESOURCES GROUP INC.. At the time of publication of this analysis, the latest news was as follows:
- MDU Resources Announces Webcast of Analyst Conference Call
- MDU Resources Postpones Analyst Seminar Due to Inclement Weather
- MDU Resources Announces Webcast of Analyst Seminar
- MDU Resources Declares Quarterly Dividend on Common and Preferred Stock
-
MDU Resources Group
This member declared not having a position on this financial instrument or a related financial instrument.
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