NUTRIEN LTD. - Daily - Technical analysis published on 09/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 50.50 USD
My targets
47.33 USD (-6.02%)
45.05 USD (-10.54%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NUTRIEN LTD. as long as the price remains well below 50.50 USD. The next bearish objective for sellers is set at 47.33 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 45.05 USD. If there is any crossing, the next objective would be the support located at 44.16 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.2
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. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NUTRIEN LTD. rating 50.36 USD. The price registered an increase of +0.02% on the session with the lowest point at 50.10 USD and the highest point at 50.54 USD. The deviation from the price is +0.52% for the low point and -0.36% for the high point.50.10
50.54
50.36
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Technical
Technical analysis of NUTRIEN LTD. in Daily shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 44.16 | 45.05 | 47.33 | 50.36 | 50.50 | 52.14 | 54.85 |
| Change (%) | -12.31% | -10.54% | -6.02% | - | +0.28% | +3.53% | +8.92% |
| Change | -6.20 | -5.31 | -3.03 | - | +0.14 | +1.78 | +4.49 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.33 | 49.16 | 49.75 | 50.58 | 51.17 | 52.00 | 52.59 |
| Camarilla | 49.96 | 50.09 | 50.22 | 50.35 | 50.48 | 50.61 | 50.74 |
| Woodie | 48.22 | 49.10 | 49.64 | 50.52 | 51.06 | 51.94 | 52.48 |
| Fibonacci | 49.16 | 49.70 | 50.03 | 50.58 | 51.12 | 51.45 | 52.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.50 | 50.25 | 50.91 | 51.66 | 52.32 | 53.07 | 53.73 |
| Camarilla | 51.18 | 51.31 | 51.44 | 51.57 | 51.70 | 51.83 | 51.96 |
| Woodie | 49.46 | 50.23 | 50.87 | 51.64 | 52.28 | 53.05 | 53.69 |
| Fibonacci | 50.25 | 50.79 | 51.12 | 51.66 | 52.20 | 52.53 | 53.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.99 | 43.91 | 47.14 | 51.06 | 54.29 | 58.21 | 61.44 |
| Camarilla | 48.39 | 49.05 | 49.71 | 50.36 | 51.02 | 51.67 | 52.33 |
| Woodie | 39.64 | 43.74 | 46.79 | 50.89 | 53.94 | 58.04 | 61.09 |
| Fibonacci | 43.91 | 46.65 | 48.33 | 51.06 | 53.80 | 55.48 | 58.21 |
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): | 45.64 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | -8.25 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 51.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.36 | |
| Elder Ray (13): | -0.80 | |
| Super Trend (3,10): | 49.02 | |
| Zig ZAG (10): | 50.37 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 39.12 | |
| TEMA (21): | 51.44 | |
| Williams %R (14): | -84.57 | |
| Chande Momentum Oscillator (20): | -1.27 | |
| Repulse (5,40,3): | -1.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 5.23 |
| MA7: | 51.38 | |
| MA20: | 50.90 | |
| MA50: | 51.01 | |
| MA100: | 51.12 | |
| MAexp7: | 51.08 | |
| MAexp20: | 51.02 | |
| MAexp50: | 51.04 | |
| MAexp100: | 51.24 | |
| Price / MA7: | -1.99% | |
| Price / MA20: | -1.06% | |
| Price / MA50: | -1.27% | |
| Price / MA100: | -1.49% | |
| Price / MAexp7: | -1.41% | |
| Price / MAexp20: | -1.29% | |
| Price / MAexp50: | -1.33% | |
| Price / MAexp100: | -1.72% |
News
The last news published on NUTRIEN LTD. at the time of the generation of this analysis was as follows:
- Nutrien Announces Temporary Potash Production Downtime
- Nutrien Announces Intention to Renew Share Repurchase Program
- Nutrien to Present at Bank of America Merrill Lynch 2019 Global Agriculture & Materials Conference
- Nutrien to Present at the BMO Capital Markets 28th Global Metals and Mining Conference
- Nutrien Demonstrates Resilience in a Quarter Impacted by Weather Challenges; Expects Higher Earnings Again in 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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