MYLAN N.V.
MYLAN N.V.
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MYL
ISIN:

MYLAN N.V. - Daily - Technical analysis published on 09/26/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : NEUTRAL

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Slightly bearish
Technical indicators
22%
44%
33%
My opinion
Neutral between 19.69 USD and 21.44 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on MYLAN N.V.. It is difficult to advise a trading direction under these conditions. The first support is located at 19.69 USD. The first resistance is located at 21.44 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.

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 MYLAN N.V. price is 20.12 USD. The price registered an increase of +0.95% on the session and was traded between 19.80 USD and 20.32 USD over the period. The price is currently at +1.62% from its lowest and -0.98% from its highest.

19.80
20.32
20.12

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MYLAN N.V.:

Technical


Technical analysis of this Daily chart of MYLAN N.V. indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 14.91 16.87 19.69 20.12 21.44 25.02 28.15
Change (%) -25.89% -16.15% -2.14% - +6.56% +24.35% +39.91%
Change -5.21 -3.25 -0.43 - +1.32 +4.90 +8.03
Level Major Intermediate Major - Intermediate Intermediate Intermediate



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
Standard17.9918.7019.3220.0320.6521.3621.98
Camarilla19.5619.6919.8119.9320.0520.1720.30
Woodie17.9418.6819.2720.0120.6021.3421.93
Fibonacci18.7019.2119.5320.0320.5420.8621.36


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.9419.7720.3921.2221.8322.6623.28
Camarilla20.6020.7420.8721.0021.1321.2721.40
Woodie18.8319.7220.2821.1621.7222.6123.17
Fibonacci19.7720.3220.6621.2221.7722.1122.66


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.5815.4417.4619.3221.3423.2025.22
Camarilla18.4018.7619.1119.4719.8320.1820.54
Woodie13.6515.4817.5319.3621.4123.2425.29
Fibonacci15.4416.9317.8419.3220.8121.7223.20

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): 47.00
MACD (12,26,9): 0.3100
Directional Movement: -1.39
AROON (14): -50.00
DEMA (21): 21.11
Parabolic SAR (0,02-0,02-0,2): 22.49
Elder Ray (13): -0.70
Super Trend (3,10): 19.57
Zig ZAG (10): 20.12
VORTEX (21): 1.0600
Stochastique (14,3,5): 26.09
TEMA (21): 21.09
Williams %R (14): -79.89
Chande Momentum Oscillator (20): -1.07
Repulse (5,40,3): -1.5400
ROCnROLL: 2
TRIX (15,9): 0.4000
Courbe Coppock: 8.83
MA7: 20.80
MA20: 20.76
MA50: 19.69
MA100: 19.37
MAexp7: 20.67
MAexp20: 20.61
MAexp50: 20.14
MAexp100: 20.93
Price / MA7: -3.27%
Price / MA20: -3.08%
Price / MA50: +2.18%
Price / MA100: +3.87%
Price / MAexp7: -2.66%
Price / MAexp20: -2.38%
Price / MAexp50: -0.10%
Price / MAexp100: -3.87%

This member declared not having a position on this financial instrument or a related financial instrument.

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