GEN DIGITAL INC. - Weekly - Technical analysis published on 01/04/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 20.84 USD
My targets
24.26 USD (+8.01%)
25.88 USD (+15.23%)
My analysis
GEN DIGITAL INC. 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 20.84 USD. The next resistance located at 24.26 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 25.88 USD. After this resistance, buyers could then target 27.76 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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This analysis was given by ardacura__. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GEN DIGITAL INC. price is 22.46 USD. The price is lower by -2.26% over the 5 days and has been traded over the last 5 days between 22.43 USD and 22.92 USD. This implies that the 5 day price is +0.13% from its lowest point and -2.01% from its highest point.22.43
22.92
22.46
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this GEN DIGITAL INC. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 15.15 | 17.54 | 20.84 | 22.46 | 23.10 | 25.88 | 27.76 |
| Change (%) | -32.55% | -21.91% | -7.21% | - | +2.85% | +15.23% | +23.60% |
| Change | -7.31 | -4.92 | -1.62 | - | +0.64 | +3.42 | +5.30 |
| Level | Intermediate | Major | Major | - | Major | Minor | Minor |
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 | 21.93 | 22.18 | 22.32 | 22.57 | 22.71 | 22.96 | 23.10 |
| Camarilla | 22.35 | 22.39 | 22.42 | 22.46 | 22.50 | 22.53 | 22.57 |
| Woodie | 21.88 | 22.15 | 22.27 | 22.54 | 22.66 | 22.93 | 23.05 |
| Fibonacci | 22.18 | 22.33 | 22.42 | 22.57 | 22.72 | 22.81 | 22.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.97 | 22.35 | 22.58 | 22.96 | 23.19 | 23.57 | 23.80 |
| Camarilla | 22.65 | 22.71 | 22.76 | 22.82 | 22.88 | 22.93 | 22.99 |
| Woodie | 21.91 | 22.31 | 22.52 | 22.92 | 23.13 | 23.53 | 23.74 |
| Fibonacci | 22.35 | 22.58 | 22.72 | 22.96 | 23.19 | 23.33 | 23.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.36 | 21.08 | 21.95 | 22.67 | 23.54 | 24.26 | 25.13 |
| Camarilla | 22.38 | 22.53 | 22.67 | 22.82 | 22.97 | 23.11 | 23.26 |
| Woodie | 20.44 | 21.12 | 22.03 | 22.71 | 23.62 | 24.30 | 25.21 |
| Fibonacci | 21.08 | 21.69 | 22.06 | 22.67 | 23.28 | 23.65 | 24.26 |
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): | 64.45 | |
| MACD (12,26,9): | 1.1000 | |
| Directional Movement: | 15.34 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 21.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.76 | |
| Elder Ray (13): | 1.49 | |
| Super Trend (3,10): | 19.73 | |
| Zig ZAG (10): | 22.46 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 91.80 | |
| TEMA (21): | 22.81 | |
| Williams %R (14): | -13.08 | |
| Chande Momentum Oscillator (20): | 5.44 | |
| Repulse (5,40,3): | 0.5600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4900 | |
| Courbe Coppock: | 40.19 |
| MA7: | 22.92 | |
| MA20: | 22.74 | |
| MA50: | 20.60 | |
| MA100: | 19.75 | |
| MAexp7: | 22.10 | |
| MAexp20: | 20.54 | |
| MAexp50: | 19.95 | |
| MAexp100: | 20.49 | |
| Price / MA7: | -2.01% | |
| Price / MA20: | -1.23% | |
| Price / MA50: | +9.03% | |
| Price / MA100: | +13.72% | |
| Price / MAexp7: | +1.63% | |
| Price / MAexp20: | +9.35% | |
| Price / MAexp50: | +12.58% | |
| Price / MAexp100: | +9.61% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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