OCI - Daily - Technical analysis published on 11/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 21.947 EUR
My targets
20.093 EUR (-3.82%)
19.358 EUR (-7.33%)
My analysis
The bearish trend is currently very strong for OCI. As long as the price remains below the resistance at 21.947 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 20.093 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 19.358 EUR as an objective. Crossing it would then enable sellers to target 17.812 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.4
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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 OCI price is 20.890 EUR. The price registered an increase of +0.77% on the session with the lowest point at 20.670 EUR and the highest point at 20.940 EUR. The deviation from the price is +1.06% for the low point and -0.24% for the high point.20.670
20.940
20.890
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this OCI chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish 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, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
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 | 17.812 | 19.358 | 20.093 | 20.890 | 21.947 | 23.190 | 24.977 |
Change (%) | -14.73% | -7.33% | -3.82% | - | +5.06% | +11.01% | +19.56% |
Change | -3.078 | -1.532 | -0.797 | - | +1.057 | +2.300 | +4.087 |
Level | Intermediate | Major | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 20.193 | 20.397 | 20.563 | 20.767 | 20.933 | 21.137 | 21.303 |
Camarilla | 20.628 | 20.662 | 20.696 | 20.730 | 20.764 | 20.798 | 20.832 |
Woodie | 20.175 | 20.388 | 20.545 | 20.758 | 20.915 | 21.128 | 21.285 |
Fibonacci | 20.397 | 20.538 | 20.625 | 20.767 | 20.908 | 20.995 | 21.137 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 20.107 | 20.403 | 20.627 | 20.923 | 21.147 | 21.443 | 21.667 |
Camarilla | 20.707 | 20.755 | 20.802 | 20.850 | 20.898 | 20.945 | 20.993 |
Woodie | 20.070 | 20.385 | 20.590 | 20.905 | 21.110 | 21.425 | 21.630 |
Fibonacci | 20.403 | 20.602 | 20.725 | 20.923 | 21.122 | 21.245 | 21.443 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 16.837 | 18.303 | 19.207 | 20.673 | 21.577 | 23.043 | 23.947 |
Camarilla | 19.458 | 19.676 | 19.893 | 20.110 | 20.327 | 20.545 | 20.762 |
Woodie | 16.555 | 18.163 | 18.925 | 20.533 | 21.295 | 22.903 | 23.665 |
Fibonacci | 18.303 | 19.209 | 19.768 | 20.673 | 21.579 | 22.138 | 23.043 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 49.04 | |
MACD (12,26,9): | -0.0750 | |
Directional Movement: | -0.692 | |
AROON (14): | -35.714 | |
DEMA (21): | 20.858 | |
Parabolic SAR (0,02-0,02-0,2): | 21.836 | |
Elder Ray (13): | -0.094 | |
Super Trend (3,10): | 19.722 | |
Zig ZAG (10): | 20.900 | |
VORTEX (21): | 0.9070 | |
Stochastique (14,3,5): | 42.40 | |
TEMA (21): | 20.807 | |
Williams %R (14): | -52.12 | |
Chande Momentum Oscillator (20): | -0.400 | |
Repulse (5,40,3): | -0.4620 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0330 | |
Courbe Coppock: | 5.47 |
MA7: | 20.876 | |
MA20: | 21.059 | |
MA50: | 21.084 | |
MA100: | 21.649 | |
MAexp7: | 20.852 | |
MAexp20: | 20.942 | |
MAexp50: | 21.100 | |
MAexp100: | 21.496 | |
Price / MA7: | +0.07% | |
Price / MA20: | -0.80% | |
Price / MA50: | -0.92% | |
Price / MA100: | -3.51% | |
Price / MAexp7: | +0.18% | |
Price / MAexp20: | -0.25% | |
Price / MAexp50: | -1.00% | |
Price / MAexp100: | -2.82% |
News
Don"t forget to follow the news on OCI. At the time of publication of this analysis, the latest news was as follows:
- OCI Partners LP Announces Management Change
- OCI Partners LP Reports 2017 Fourth Quarter Results and Announces $0.27 Quarterly Cash Distribution
- OCI Partners LP Schedules 2017 Fourth Quarter Results Conference Call
- OCI Partners LP Announces Placing of New $455M Term Loan B
- OCI Partners LP Reports 2017 Third Quarter Results and Announces $0.08 Quarterly Cash Distribution
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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