ASPEN TECHNOLOGY INC. - Daily - Technical analysis published on 11/14/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 118.60 USD
My targets
106.40 USD (-9.84%)
100.30 USD (-15.01%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ASPEN TECHNOLOGY INC.. As long as you are under the resistance located at 118.60 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 106.40 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 100.30 USD as an objective. Crossing it would then enable sellers to target 75.20 USD. If the resistance 118.60 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
0.4
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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
ASPEN TECHNOLOGY INC. rating 118.01 USD. On the day, this instrument lost -0.90% and was between 117.25 USD and 119.38 USD. This implies that the price is at +0.65% from its lowest and at -1.15% from its highest.117.25
119.38
118.01
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ASPEN TECHNOLOGY INC.:
Technical
A technical analysis in Daily of this ASPEN TECHNOLOGY INC. chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied 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
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 75.20 | 100.30 | 106.40 | 118.01 | 118.60 | 121.84 | 125.70 |
| Change (%) | -36.28% | -15.01% | -9.84% | - | +0.50% | +3.25% | +6.52% |
| Change | -42.81 | -17.71 | -11.61 | - | +0.59 | +3.83 | +7.69 |
| Level | Major | Major | Minor | - | Major | Major | 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 | 114.86 | 116.01 | 117.54 | 118.69 | 120.22 | 121.37 | 122.90 |
| Camarilla | 118.34 | 118.59 | 118.83 | 119.08 | 119.33 | 119.57 | 119.82 |
| Woodie | 115.06 | 116.11 | 117.74 | 118.79 | 120.42 | 121.47 | 123.10 |
| Fibonacci | 116.01 | 117.03 | 117.66 | 118.69 | 119.71 | 120.34 | 121.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.36 | 112.37 | 113.75 | 115.77 | 117.15 | 119.16 | 120.54 |
| Camarilla | 114.20 | 114.51 | 114.82 | 115.13 | 115.44 | 115.75 | 116.06 |
| Woodie | 110.04 | 112.21 | 113.43 | 115.61 | 116.83 | 119.00 | 120.22 |
| Fibonacci | 112.37 | 113.67 | 114.47 | 115.77 | 117.06 | 117.86 | 119.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.42 | 106.21 | 110.66 | 117.45 | 121.90 | 128.69 | 133.14 |
| Camarilla | 112.02 | 113.05 | 114.08 | 115.11 | 116.14 | 117.17 | 118.20 |
| Woodie | 98.25 | 105.63 | 109.49 | 116.87 | 120.73 | 128.11 | 131.97 |
| Fibonacci | 106.21 | 110.50 | 113.16 | 117.45 | 121.74 | 124.40 | 128.69 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.88 | |
| MACD (12,26,9): | -1.0300 | |
| Directional Movement: | 1.04 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 115.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 113.37 | |
| Elder Ray (13): | 1.39 | |
| Super Trend (3,10): | 123.87 | |
| Zig ZAG (10): | 118.01 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 73.13 | |
| TEMA (21): | 116.56 | |
| Williams %R (14): | -29.86 | |
| Chande Momentum Oscillator (20): | 1.96 | |
| Repulse (5,40,3): | 0.6000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 1.32 |
| MA7: | 116.80 | |
| MA20: | 116.32 | |
| MA50: | 120.78 | |
| MA100: | 126.38 | |
| MAexp7: | 117.12 | |
| MAexp20: | 117.34 | |
| MAexp50: | 120.39 | |
| MAexp100: | 121.41 | |
| Price / MA7: | +1.04% | |
| Price / MA20: | +1.45% | |
| Price / MA50: | -2.29% | |
| Price / MA100: | -6.62% | |
| Price / MAexp7: | +0.76% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | -1.98% | |
| Price / MAexp100: | -2.80% |
News
The latest news and videos published on ASPEN TECHNOLOGY INC. at the time of the analysis were as follows:
- Aspen Technology Announces Date of First-Quarter Fiscal 2020 Financial Results Release, Conference Call and Webcast
- Aspen Technology Brings New Levels of Performance Insight to Drive the Smart Enterprise
- China HuanQiu Contracting and Engineering Corporation (HQC) Implements Aspen Technology Software to Maximize Safety, Throughput and Profitability
- Aspen Technology Provides Additional Details Relating to Filing of Form 12b-25 for Annual Report for Fiscal Year 2019
- Aspen Technology to Present at the KeyBanc Capital Markets 14th Annual Emerging Technology Summit
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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