QEP RESOURCES INC. - Daily - Technical analysis published on 10/02/2019 (GMT)
- 219
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
QEP RESOURCES INC. Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 3.51 USD
My targets
2.99 USD (-3.48%)
2.28 USD (-26.35%)
My analysis
The bearish trend is currently very strong for QEP RESOURCES INC.. As long as the price remains below the resistance at 3.51 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.99 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.28 USD as an objective. Crossing it would then enable sellers to target 1.23 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.9
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 QEP RESOURCES INC. price is 3.10 USD. The price is lower by -8.28% since the last closing and was between 3.04 USD and 3.35 USD. This implies that the price is at +1.97% from its lowest and at -7.46% from its highest.3.04
3.35
3.10
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of QEP RESOURCES INC. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.10 | 3.51 | 5.80 | 7.19 |
| Change (%) | - | +13.23% | +87.10% | +131.94% |
| Change | - | +0.41 | +2.70 | +4.09 |
| Level | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.83 | 3.10 | 3.24 | 3.51 | 3.65 | 3.92 | 4.06 |
| Camarilla | 3.27 | 3.31 | 3.34 | 3.38 | 3.42 | 3.46 | 3.49 |
| Woodie | 2.77 | 3.07 | 3.18 | 3.48 | 3.59 | 3.89 | 4.00 |
| Fibonacci | 3.10 | 3.26 | 3.35 | 3.51 | 3.67 | 3.76 | 3.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.97 | 3.38 | 3.60 | 4.01 | 4.23 | 4.64 | 4.86 |
| Camarilla | 3.65 | 3.70 | 3.76 | 3.82 | 3.88 | 3.94 | 3.99 |
| Woodie | 2.88 | 3.33 | 3.51 | 3.96 | 4.14 | 4.59 | 4.77 |
| Fibonacci | 3.38 | 3.62 | 3.77 | 4.01 | 4.25 | 4.40 | 4.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.23 | 2.28 | 2.99 | 4.05 | 4.76 | 5.81 | 6.52 |
| Camarilla | 3.22 | 3.38 | 3.54 | 3.70 | 3.86 | 4.02 | 4.19 |
| Woodie | 1.05 | 2.20 | 2.82 | 3.96 | 4.58 | 5.73 | 6.35 |
| Fibonacci | 2.28 | 2.96 | 3.37 | 4.05 | 4.72 | 5.14 | 5.81 |
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): | 32.78 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -15.64 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 3.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.64 | |
| Elder Ray (13): | -0.64 | |
| Super Trend (3,10): | 4.13 | |
| Zig ZAG (10): | 3.10 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 1.63 | |
| TEMA (21): | 3.72 | |
| Williams %R (14): | -97.09 | |
| Chande Momentum Oscillator (20): | -1.88 | |
| Repulse (5,40,3): | -22.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 17.29 |
| MA7: | 3.75 | |
| MA20: | 4.03 | |
| MA50: | 4.09 | |
| MA100: | 5.42 | |
| MAexp7: | 3.64 | |
| MAexp20: | 3.92 | |
| MAexp50: | 4.36 | |
| MAexp100: | 5.18 | |
| Price / MA7: | -17.33% | |
| Price / MA20: | -23.08% | |
| Price / MA50: | -24.21% | |
| Price / MA100: | -42.80% | |
| Price / MAexp7: | -14.84% | |
| Price / MAexp20: | -20.92% | |
| Price / MAexp50: | -28.90% | |
| Price / MAexp100: | -40.15% |
News
The latest news and videos published on QEP RESOURCES INC. at the time of the analysis were as follows:
- QEP Resources Announces Fourth Quarter and Full Year 2016 Financial and Operational Results Release Date and Conference Call
- QEP Resources Announces Participation in an Upcoming Investor Conference
- QEP Resources Announces Participation in an Upcoming Investor Conference
- QEP Resources, Inc. Resolves South Antelope Midstream Dispute
- QEP Resources Reports Third Quarter 2016 Financial and Operating Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis QEP RESOURCES INC. - Daily