LOOP INDUSTRIES INC. - Daily - Technical analysis published on 09/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 14.10 USD
My targets
15.96 USD (+3.62%)
17.22 USD (+11.84%)
My analysis
The bullish trend is currently very strong on LOOP INDUSTRIES INC.. As long as the price remains above the support at 14.10 USD, you could try to benefit from the boom. The first bullish objective is located at 15.96 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 17.22 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.4
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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 LOOP INDUSTRIES INC. rating is 15.40 USD. The price is lower by -0.32% since the last closing and was traded between 15.10 USD and 15.50 USD over the period. The price is currently at +1.99% from its lowest and -0.65% from its highest.15.10
15.50
15.40
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOOP INDUSTRIES INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported 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.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 8.08 | 10.25 | 14.10 | 15.40 |
| Change (%) | -47.53% | -33.44% | -8.44% | - |
| Change | -7.32 | -5.15 | -1.30 | - |
| Level | Minor | Minor | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.63 | 14.82 | 15.13 | 15.32 | 15.63 | 15.82 | 16.13 |
| Camarilla | 15.31 | 15.36 | 15.40 | 15.45 | 15.50 | 15.54 | 15.59 |
| Woodie | 14.70 | 14.85 | 15.20 | 15.35 | 15.70 | 15.85 | 16.20 |
| Fibonacci | 14.82 | 15.01 | 15.13 | 15.32 | 15.51 | 15.63 | 15.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.10 | 13.59 | 14.52 | 15.01 | 15.94 | 16.43 | 17.36 |
| Camarilla | 15.06 | 15.19 | 15.32 | 15.45 | 15.58 | 15.71 | 15.84 |
| Woodie | 13.32 | 13.70 | 14.74 | 15.12 | 16.16 | 16.54 | 17.58 |
| Fibonacci | 13.59 | 14.13 | 14.47 | 15.01 | 15.55 | 15.89 | 16.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.71 | 11.62 | 12.88 | 13.79 | 15.05 | 15.96 | 17.22 |
| Camarilla | 13.55 | 13.75 | 13.95 | 14.15 | 14.35 | 14.55 | 14.75 |
| Woodie | 10.90 | 11.71 | 13.07 | 13.88 | 15.24 | 16.05 | 17.41 |
| Fibonacci | 11.62 | 12.45 | 12.96 | 13.79 | 14.62 | 15.13 | 15.96 |
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): | 66.05 | |
| MACD (12,26,9): | 0.6500 | |
| Directional Movement: | 14.05 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 15.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.31 | |
| Elder Ray (13): | 0.53 | |
| Super Trend (3,10): | 13.22 | |
| Zig ZAG (10): | 15.40 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 85.74 | |
| TEMA (21): | 15.24 | |
| Williams %R (14): | -8.49 | |
| Chande Momentum Oscillator (20): | 2.53 | |
| Repulse (5,40,3): | 4.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6100 | |
| Courbe Coppock: | 21.83 |
| MA7: | 14.99 | |
| MA20: | 14.37 | |
| MA50: | 13.34 | |
| MA100: | 10.77 | |
| MAexp7: | 15.08 | |
| MAexp20: | 14.45 | |
| MAexp50: | 13.20 | |
| MAexp100: | 11.78 | |
| Price / MA7: | +2.74% | |
| Price / MA20: | +7.17% | |
| Price / MA50: | +15.44% | |
| Price / MA100: | +42.99% | |
| Price / MAexp7: | +2.12% | |
| Price / MAexp20: | +6.57% | |
| Price / MAexp50: | +16.67% | |
| Price / MAexp100: | +30.73% |
News
The latest news and videos published on LOOP INDUSTRIES INC. at the time of the analysis were as follows:
- Loop Industries Reports First Quarter Consolidated Financial Results Of Fiscal 2020
- Loop Industries Announces Closing of $35.0 Million Registered Direct Offering to Finance Next Phase of Growth Strategy
- Loop Industries Announces Capital Infusion To Finance Next Phase Of Growth Strategy
- CORRECTION: Loop Industries Reports Fourth Quarter and Fiscal 2019 Consolidated Results
- Loop Industries to Participate in the Sidoti & Company, LLC Spring 2019 Investor Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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