RAVEN INDUSTRIES INC. - Daily - Technical analysis published on 11/13/2019 (GMT)
- Who voted?
- 190
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
RAVEN INDUSTRIES INC. Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 35.16 USD
My targets
37.02 USD (+4.99%)
38.55 USD (+9.33%)
My analysis
RAVEN INDUSTRIES INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 35.16 USD. The next resistance located at 37.02 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 38.55 USD. After this resistance, buyers could then target 39.82 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7
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 RAVEN INDUSTRIES INC. rating is 35.26 USD. The price is lower by -0.09% since the last closing with the lowest point at 35.08 USD and the highest point at 35.65 USD. The deviation from the price is +0.51% for the low point and -1.09% for the high point.35.08
35.65
35.26
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this RAVEN INDUSTRIES INC. chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
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 | 31.39 | 33.60 | 35.16 | 35.26 | 37.02 | 38.55 | 39.82 |
Change (%) | -10.98% | -4.71% | -0.28% | - | +4.99% | +9.33% | +12.93% |
Change | -3.87 | -1.66 | -0.10 | - | +1.76 | +3.29 | +4.56 |
Level | Intermediate | Major | Major | - | Major | Minor | Intermediate |
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 | 34.75 | 34.94 | 35.12 | 35.31 | 35.49 | 35.68 | 35.86 |
Camarilla | 35.19 | 35.23 | 35.26 | 35.30 | 35.33 | 35.36 | 35.40 |
Woodie | 34.74 | 34.94 | 35.11 | 35.31 | 35.48 | 35.68 | 35.85 |
Fibonacci | 34.94 | 35.08 | 35.17 | 35.31 | 35.45 | 35.54 | 35.68 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 33.15 | 34.05 | 34.71 | 35.61 | 36.27 | 37.17 | 37.83 |
Camarilla | 34.94 | 35.08 | 35.23 | 35.37 | 35.51 | 35.66 | 35.80 |
Woodie | 33.03 | 33.99 | 34.59 | 35.55 | 36.15 | 37.11 | 37.71 |
Fibonacci | 34.05 | 34.65 | 35.01 | 35.61 | 36.21 | 36.57 | 37.17 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 27.89 | 29.49 | 32.19 | 33.79 | 36.49 | 38.09 | 40.79 |
Camarilla | 33.70 | 34.09 | 34.49 | 34.88 | 35.27 | 35.67 | 36.06 |
Woodie | 28.43 | 29.77 | 32.73 | 34.07 | 37.03 | 38.37 | 41.33 |
Fibonacci | 29.49 | 31.14 | 32.15 | 33.79 | 35.44 | 36.45 | 38.09 |
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): | 60.31 | |
MACD (12,26,9): | 0.6600 | |
Directional Movement: | 13.20 | |
AROON (14): | 50.00 | |
DEMA (21): | 35.46 | |
Parabolic SAR (0,02-0,02-0,2): | 36.45 | |
Elder Ray (13): | 0.38 | |
Super Trend (3,10): | 33.50 | |
Zig ZAG (10): | 35.26 | |
VORTEX (21): | 1.1600 | |
Stochastique (14,3,5): | 65.89 | |
TEMA (21): | 35.82 | |
Williams %R (14): | -35.51 | |
Chande Momentum Oscillator (20): | 1.93 | |
Repulse (5,40,3): | -0.7600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2700 | |
Courbe Coppock: | 12.42 |
MA7: | 35.52 | |
MA20: | 34.49 | |
MA50: | 33.66 | |
MA100: | 33.69 | |
MAexp7: | 35.29 | |
MAexp20: | 34.63 | |
MAexp50: | 33.91 | |
MAexp100: | 34.13 | |
Price / MA7: | -0.73% | |
Price / MA20: | +2.23% | |
Price / MA50: | +4.75% | |
Price / MA100: | +4.66% | |
Price / MAexp7: | -0.09% | |
Price / MAexp20: | +1.82% | |
Price / MAexp50: | +3.98% | |
Price / MAexp100: | +3.31% |
News
The latest news and videos published on RAVEN INDUSTRIES INC. at the time of the analysis were as follows:
- AgJunction Files Patent Infringement Lawsuit Against Raven Industries
- Investor Network: Raven Industries, Inc. to Host Earnings Call
- Investor Network: Raven Industries, Inc. to Host Earnings Call
- Raven Industries
- Raven Industries Provides Update on Filing Timeline
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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 RAVEN INDUSTRIES INC. - Daily