NORTHWEST PIPE CO. - Daily - Technical analysis published on 09/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 26.28 USD
My targets
30.34 USD (+7.82%)
40.97 USD (+45.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NORTHWEST PIPE CO. as long as the price remains well above 26.28 USD. The buyers” bullish objective is set at 30.34 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 40.97 USD. If there is any crossing, the next objective would be the resistance located at 45.37 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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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 NORTHWEST PIPE CO. rating is 28.14 USD. On the day, this instrument gained +1.15% with the lowest point at 27.83 USD and the highest point at 28.26 USD. The deviation from the price is +1.11% for the low point and -0.42% for the high point.27.83
28.26
28.14
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NORTHWEST PIPE CO. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 23.00 | 25.02 | 26.28 | 28.14 | 30.34 | 40.97 | 45.37 |
Change (%) | -18.27% | -11.09% | -6.61% | - | +7.82% | +45.59% | +61.23% |
Change | -5.14 | -3.12 | -1.86 | - | +2.20 | +12.83 | +17.23 |
Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 26.85 | 27.11 | 27.46 | 27.72 | 28.07 | 28.33 | 28.68 |
Camarilla | 27.65 | 27.71 | 27.76 | 27.82 | 27.88 | 27.93 | 27.99 |
Woodie | 26.91 | 27.13 | 27.52 | 27.74 | 28.13 | 28.35 | 28.74 |
Fibonacci | 27.11 | 27.34 | 27.48 | 27.72 | 27.95 | 28.09 | 28.33 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.25 | 23.44 | 25.73 | 26.92 | 29.21 | 30.40 | 32.69 |
Camarilla | 27.05 | 27.37 | 27.69 | 28.01 | 28.33 | 28.65 | 28.97 |
Woodie | 22.79 | 23.72 | 26.27 | 27.20 | 29.75 | 30.68 | 33.23 |
Fibonacci | 23.44 | 24.77 | 25.59 | 26.92 | 28.25 | 29.07 | 30.40 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.32 | 13.18 | 18.09 | 22.95 | 27.86 | 32.72 | 37.63 |
Camarilla | 20.31 | 21.21 | 22.11 | 23.00 | 23.90 | 24.79 | 25.69 |
Woodie | 8.35 | 13.19 | 18.12 | 22.96 | 27.88 | 32.73 | 37.65 |
Fibonacci | 13.18 | 16.91 | 19.22 | 22.95 | 26.68 | 28.99 | 32.72 |
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): | 64.38 | |
MACD (12,26,9): | 0.8900 | |
Directional Movement: | 15.49 | |
AROON (14): | 78.57 | |
DEMA (21): | 27.46 | |
Parabolic SAR (0,02-0,02-0,2): | 24.99 | |
Elder Ray (13): | 1.10 | |
Super Trend (3,10): | 25.06 | |
Zig ZAG (10): | 28.14 | |
VORTEX (21): | 1.0700 | |
Stochastique (14,3,5): | 85.05 | |
TEMA (21): | 28.11 | |
Williams %R (14): | -12.56 | |
Chande Momentum Oscillator (20): | 3.22 | |
Repulse (5,40,3): | 3.2100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.3300 | |
Courbe Coppock: | 27.93 |
MA7: | 28.00 | |
MA20: | 25.80 | |
MA50: | 25.10 | |
MA100: | 24.93 | |
MAexp7: | 27.62 | |
MAexp20: | 26.44 | |
MAexp50: | 25.56 | |
MAexp100: | 25.03 | |
Price / MA7: | +0.50% | |
Price / MA20: | +9.07% | |
Price / MA50: | +12.11% | |
Price / MA100: | +12.88% | |
Price / MAexp7: | +1.88% | |
Price / MAexp20: | +6.43% | |
Price / MAexp50: | +10.09% | |
Price / MAexp100: | +12.43% |
News
The last news published on NORTHWEST PIPE CO. at the time of the generation of this analysis was as follows:
- Northwest Pipe Company Elects John Paschal to Board of Directors
- Northwest Pipe Company Awarded Large Steel Pipe Contract for Bois d’Arc Lake Project
- Northwest Pipe Company Reports Profitable Quarterly Results and Announces Second Quarter Conference Call
- Northwest Pipe Company Announces Second Quarter Earnings Conference Call
- Northwest Pipe Company Announces Expiration of Rights Agreement
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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