PORTOLA PHARMACEUTICALS INC. - Daily - Technical analysis published on 08/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
PORTOLA PHARMACEUTICALS INC. Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
56%
11%
My opinion
Bearish under 25.69 USD
My targets
23.14 USD (-9.01%)
20.80 USD (-18.21%)
My analysis
The bearish trend is currently very strong for PORTOLA PHARMACEUTICALS INC.. As long as the price remains below the resistance at 25.69 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 23.14 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 20.80 USD as an objective. Crossing it would then enable sellers to target 19.01 USD. 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.
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 PORTOLA PHARMACEUTICALS INC. price is 25.43 USD. The price has increased by +2.54% since the last closing with the lowest point at 23.91 USD and the highest point at 25.97 USD. The deviation from the price is +6.36% for the low point and -2.08% for the high point.23.91
25.97
25.43
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this PORTOLA PHARMACEUTICALS INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.01 | 20.80 | 23.14 | 25.43 | 25.69 | 28.05 | 30.44 |
| Change (%) | -25.25% | -18.21% | -9.01% | - | +1.02% | +10.30% | +19.70% |
| Change | -6.42 | -4.63 | -2.29 | - | +0.26 | +2.62 | +5.01 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 22.87 | 23.53 | 24.17 | 24.83 | 25.47 | 26.13 | 26.77 |
| Camarilla | 24.44 | 24.56 | 24.68 | 24.80 | 24.92 | 25.04 | 25.16 |
| Woodie | 22.85 | 23.53 | 24.15 | 24.83 | 25.45 | 26.13 | 26.75 |
| Fibonacci | 23.53 | 24.03 | 24.34 | 24.83 | 25.33 | 25.64 | 26.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.63 | 22.41 | 23.61 | 25.39 | 26.59 | 28.37 | 29.57 |
| Camarilla | 23.98 | 24.25 | 24.53 | 24.80 | 25.07 | 25.35 | 25.62 |
| Woodie | 20.33 | 22.27 | 23.31 | 25.25 | 26.29 | 28.23 | 29.27 |
| Fibonacci | 22.41 | 23.55 | 24.26 | 25.39 | 26.53 | 27.24 | 28.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.90 | 24.08 | 25.38 | 26.56 | 27.86 | 29.04 | 30.34 |
| Camarilla | 26.00 | 26.23 | 26.45 | 26.68 | 26.91 | 27.14 | 27.36 |
| Woodie | 22.96 | 24.11 | 25.44 | 26.59 | 27.92 | 29.07 | 30.40 |
| Fibonacci | 24.08 | 25.03 | 25.61 | 26.56 | 27.51 | 28.09 | 29.04 |
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): | 42.63 | |
| MACD (12,26,9): | -0.3700 | |
| Directional Movement: | -11.13 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 25.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.18 | |
| Elder Ray (13): | -1.11 | |
| Super Trend (3,10): | 27.90 | |
| Zig ZAG (10): | 25.43 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 24.91 | |
| TEMA (21): | 25.91 | |
| Williams %R (14): | -55.81 | |
| Chande Momentum Oscillator (20): | -1.45 | |
| Repulse (5,40,3): | 1.8000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 2.31 |
| MA7: | 26.00 | |
| MA20: | 26.26 | |
| MA50: | 26.82 | |
| MA100: | 30.30 | |
| MAexp7: | 25.80 | |
| MAexp20: | 26.23 | |
| MAexp50: | 27.26 | |
| MAexp100: | 28.22 | |
| Price / MA7: | -2.19% | |
| Price / MA20: | -3.16% | |
| Price / MA50: | -5.18% | |
| Price / MA100: | -16.07% | |
| Price / MAexp7: | -1.43% | |
| Price / MAexp20: | -3.05% | |
| Price / MAexp50: | -6.71% | |
| Price / MAexp100: | -9.89% |
News
The latest news and videos published on PORTOLA PHARMACEUTICALS INC. at the time of the analysis were as follows:
- U.S. Centers for Medicare and Medicaid Services (CMS) Increases New Technology Add-On Payment (NTAP) Reimbursement for Portola Pharmaceuticals' Andexxa
- Portola Pharmaceuticals to Announce Second Quarter 2019 Financial Results on Wednesday, August 7, 2019
- Portola Pharmaceuticals Presents New In Vitro Data Demonstrating that Four-Factor Prothrombin Complex Concentrates (4F-PCCs) Had No Direct Effect on Inhibition of Thrombin Generation by Factor Xa Inhibitors
- Portola Presents New Interim Data on its Oral SYK/JAK Inhibitor Cerdulatinib in Heavily Pre-Treated Patients with Relapsed/Refractory Follicular Lymphoma
- Portola Pharmaceuticals, Inc. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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