SWITCH INC. CLASS A - Daily - Technical analysis published on 11/14/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
SWITCH INC. CLASS A Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 15.61 USD
My targets
16.78 USD (+5.34%)
18.19 USD (+14.19%)
My analysis
SWITCH INC. CLASS A 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 15.61 USD. The next resistance located at 16.78 USD is the next bullish target 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 18.19 USD. After this resistance, buyers could then target 20.03 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.3
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
The SWITCH INC. CLASS A rating is 15.93 USD. The price registered an increase of +1.34% on the session and was between 15.64 USD and 16.00 USD. This implies that the price is at +1.85% from its lowest and at -0.44% from its highest.15.64
16.00
15.93
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SWITCH INC. CLASS A:
Technical
Technical analysis of this Daily chart of SWITCH INC. CLASS A indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
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
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.
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 | 10.39 | 14.07 | 15.61 | 15.93 | 16.78 | 18.19 | 20.03 |
| Change (%) | -34.78% | -11.68% | -2.01% | - | +5.34% | +14.19% | +25.74% |
| Change | -5.54 | -1.86 | -0.32 | - | +0.85 | +2.26 | +4.10 |
| Level | Major | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.86 | 15.09 | 15.40 | 15.63 | 15.94 | 16.17 | 16.48 |
| Camarilla | 15.57 | 15.62 | 15.67 | 15.72 | 15.77 | 15.82 | 15.87 |
| Woodie | 14.91 | 15.11 | 15.45 | 15.65 | 15.99 | 16.19 | 16.53 |
| Fibonacci | 15.09 | 15.29 | 15.42 | 15.63 | 15.83 | 15.96 | 16.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.58 | 12.78 | 13.47 | 14.67 | 15.36 | 16.56 | 17.25 |
| Camarilla | 13.64 | 13.81 | 13.99 | 14.16 | 14.33 | 14.51 | 14.68 |
| Woodie | 11.33 | 12.65 | 13.22 | 14.54 | 15.11 | 16.43 | 17.00 |
| Fibonacci | 12.78 | 13.50 | 13.95 | 14.67 | 15.39 | 15.84 | 16.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.30 | 13.26 | 14.02 | 14.98 | 15.74 | 16.70 | 17.46 |
| Camarilla | 14.30 | 14.46 | 14.61 | 14.77 | 14.93 | 15.09 | 15.24 |
| Woodie | 12.19 | 13.21 | 13.91 | 14.93 | 15.63 | 16.65 | 17.35 |
| Fibonacci | 13.26 | 13.92 | 14.33 | 14.98 | 15.64 | 16.05 | 16.70 |
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): | 62.36 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 10.80 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 14.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.98 | |
| Elder Ray (13): | 0.76 | |
| Super Trend (3,10): | 13.90 | |
| Zig ZAG (10): | 15.93 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 90.83 | |
| TEMA (21): | 15.13 | |
| Williams %R (14): | -3.70 | |
| Chande Momentum Oscillator (20): | 1.13 | |
| Repulse (5,40,3): | 1.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 5.80 |
| MA7: | 15.05 | |
| MA20: | 14.82 | |
| MA50: | 15.40 | |
| MA100: | 14.83 | |
| MAexp7: | 15.25 | |
| MAexp20: | 15.04 | |
| MAexp50: | 15.08 | |
| MAexp100: | 14.54 | |
| Price / MA7: | +5.85% | |
| Price / MA20: | +7.49% | |
| Price / MA50: | +3.44% | |
| Price / MA100: | +7.42% | |
| Price / MAexp7: | +4.46% | |
| Price / MAexp20: | +5.92% | |
| Price / MAexp50: | +5.64% | |
| Price / MAexp100: | +9.56% |
This member declared not having a position on this financial instrument or a related financial instrument.
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