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OVERSTOCK.COM INC.
OVERSTOCK.COM INC.
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: OSTK
ISIN:

OVERSTOCK.COM INC. - Daily - Technical analysis published on 09/13/2019 (GMT)

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  • Timeframe : Daily
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OVERSTOCK.COM INC. Chart

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 25.19 USD
My targets
34.88 USD (+22.56%)
46.87 USD (+64.69%)
My analysis
The bullish trend is currently very strong on OVERSTOCK.COM INC.. As long as the price remains above the support at 25.19 USD, you could try to benefit from the boom. The first bullish objective is located at 34.88 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 46.87 USD as an objective. Crossing it would then enable buyers to target 86.90 USD. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.6

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 OVERSTOCK.COM INC. price is 28.46 USD. On the day, this instrument gained +6.51% and was between 26.75 USD and 28.59 USD. This implies that the price is at +6.39% from its lowest and at -0.45% from its highest.

26.75
28.59
28.46

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


Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by OVERSTOCK.COM INC.:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of OVERSTOCK.COM INC. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



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

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 19.00 22.10 25.19 28.46 34.88 46.87 86.90
Change (%) -33.24% -22.35% -11.49% - +22.56% +64.69% +205.34%
Change -9.46 -6.36 -3.27 - +6.42 +18.41 +58.44
Level Minor Major Minor - Intermediate Intermediate Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.9021.3124.0225.4328.1429.5532.26
Camarilla25.5925.9726.3426.7227.1027.4827.85
Woodie20.5421.6424.6625.7628.7829.8832.90
Fibonacci21.3122.8923.8625.4327.0127.9829.55


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.9513.8315.3716.2517.7918.6820.21
Camarilla16.2316.4616.6816.9017.1217.3417.57
Woodie13.2713.9915.6916.4218.1118.8420.53
Fibonacci13.8314.7615.3316.2517.1817.7518.68


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.978.2211.9719.2222.9730.2233.97
Camarilla12.7113.7114.7215.7316.7417.7518.76
Woodie-0.777.3510.2318.3521.2329.3532.23
Fibonacci8.2212.4215.0219.2223.4226.0230.22

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): 73.09
MACD (12,26,9): 1.3600
Directional Movement: 28.87
AROON (14): 57.14
DEMA (21): 21.47
Parabolic SAR (0,02-0,02-0,2): 15.92
Elder Ray (13): 6.59
Super Trend (3,10): 20.65
Zig ZAG (10): 27.64
VORTEX (21): 1.2300
Stochastique (14,3,5): 94.73
TEMA (21): 22.44
Williams %R (14): -2.52
Chande Momentum Oscillator (20): 10.81
Repulse (5,40,3): 30.4100
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 35.10
MA7: 21.65
MA20: 19.04
MA50: 19.43
MA100: 15.44
MAexp7: 22.97
MAexp20: 20.22
MAexp50: 18.70
MAexp100: 17.51
Price / MA7: +31.45%
Price / MA20: +49.47%
Price / MA50: +46.47%
Price / MA100: +84.33%
Price / MAexp7: +23.90%
Price / MAexp20: +40.75%
Price / MAexp50: +52.19%
Price / MAexp100: +62.54%

News


The last news published on OVERSTOCK.COM INC. at the time of the generation of this analysis was as follows:

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

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