PREMIER INC. - Daily - Technical analysis published on 12/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 38.75 USD
My targets
42.85 USD (+8.78%)
44.64 USD (+13.33%)
My analysis
The bullish trend is currently very strong on PREMIER INC.. As long as the price remains above the support at 38.75 USD, you could try to benefit from the boom. The first bullish objective is located at 42.85 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 44.64 USD as an objective. Crossing it would then enable buyers to target 46.55 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
6.6
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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 PREMIER INC. price is 39.39 USD. The price has increased by +5.60% since the last closing and was between 37.05 USD and 39.70 USD. This implies that the price is at +6.32% from its lowest and at -0.78% from its highest.37.05
39.70
39.39
Here is a more detailed summary of the historical variations registered by PREMIER INC.:
Technical
Technical analysis of this Daily chart of PREMIER INC. indicates that the overall trend is strongly bullish. 82.14% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
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 over resistance 3
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.77 | 34.86 | 38.75 | 39.39 | 39.88 | 42.85 | 44.64 |
| Change (%) | -16.81% | -11.50% | -1.62% | - | +1.24% | +8.78% | +13.33% |
| Change | -6.62 | -4.53 | -0.64 | - | +0.49 | +3.46 | +5.25 |
| Level | Minor | Major | Major | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.96 | 36.39 | 36.84 | 37.27 | 37.72 | 38.15 | 38.60 |
| Camarilla | 37.06 | 37.14 | 37.22 | 37.30 | 37.38 | 37.46 | 37.54 |
| Woodie | 35.98 | 36.40 | 36.86 | 37.28 | 37.74 | 38.16 | 38.62 |
| Fibonacci | 36.39 | 36.72 | 36.93 | 37.27 | 37.60 | 37.81 | 38.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.96 | 36.85 | 37.37 | 38.27 | 38.79 | 39.68 | 40.20 |
| Camarilla | 37.50 | 37.63 | 37.76 | 37.89 | 38.02 | 38.15 | 38.28 |
| Woodie | 35.77 | 36.76 | 37.18 | 38.17 | 38.60 | 39.59 | 40.01 |
| Fibonacci | 36.85 | 37.39 | 37.72 | 38.27 | 38.81 | 39.14 | 39.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.41 | 30.05 | 32.80 | 35.44 | 38.18 | 40.82 | 43.57 |
| Camarilla | 34.06 | 34.55 | 35.05 | 35.54 | 36.03 | 36.53 | 37.02 |
| Woodie | 27.46 | 30.08 | 32.85 | 35.46 | 38.23 | 40.85 | 43.62 |
| Fibonacci | 30.05 | 32.11 | 33.38 | 35.44 | 37.49 | 38.76 | 40.82 |
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): | 63.60 | |
| MACD (12,26,9): | 0.7600 | |
| Directional Movement: | 13.33 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 38.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.81 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 35.88 | |
| Zig ZAG (10): | 39.39 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 64.92 | |
| TEMA (21): | 38.70 | |
| Williams %R (14): | -6.82 | |
| Chande Momentum Oscillator (20): | 1.87 | |
| Repulse (5,40,3): | 5.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3600 | |
| Courbe Coppock: | 9.20 |
| MA7: | 38.26 | |
| MA20: | 37.63 | |
| MA50: | 35.50 | |
| MA100: | 35.43 | |
| MAexp7: | 38.24 | |
| MAexp20: | 37.64 | |
| MAexp50: | 36.36 | |
| MAexp100: | 35.94 | |
| Price / MA7: | +2.95% | |
| Price / MA20: | +4.68% | |
| Price / MA50: | +10.96% | |
| Price / MA100: | +11.18% | |
| Price / MAexp7: | +3.01% | |
| Price / MAexp20: | +4.65% | |
| Price / MAexp50: | +8.33% | |
| Price / MAexp100: | +9.60% |
News
The latest news and videos published on PREMIER INC. at the time of the analysis were as follows:
- Premier Inc. Exceeds Other Enterprise Resource Planning Software Vendors in Services Satisfaction
- Premier Inc. Launches stockd.®, an E-Commerce Marketplace for Healthcare and Business Supplies
- GE Healthcare and Premier Inc. to Develop Model for One-Stop Breast Cancer Diagnostic Center to Give Women in the United States Same-Day Results
- Premier Inc. to Report Fiscal 2020 First-Quarter Results and Host Conference Call Before Market Opens on November 5
- Premier’s ProvideGx™ Program Partners with Amphastar to Provide Seven Shortage Drugs, Most in Emergency, Pre-Filled Syringes
This member declared not having a position on this financial instrument or a related financial instrument.
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