ROCKWELL MEDICAL INC. - Daily - Technical analysis published on 09/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 2.90 USD
My targets
3.47 USD (+4.83%)
4.58 USD (+38.37%)
My analysis
ROCKWELL MEDICAL INC. is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 2.90 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 3.47 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 4.58 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 5.70 USD. Beware of a possible return to under the support located at 2.90 USD which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
5.2
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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
ROCKWELL MEDICAL INC. rating 3.31 USD. The price registered a decrease of -0.60% on the session and was between 3.29 USD and 3.44 USD. This implies that the price is at +0.61% from its lowest and at -3.78% from its highest.3.29
3.44
3.31
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ROCKWELL MEDICAL INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ROCKWELL MEDICAL INC. in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.26 | 2.90 | 3.31 | 3.47 | 4.58 | 5.70 |
| Change (%) | -31.72% | -12.39% | - | +4.83% | +38.37% | +72.21% |
| Change | -1.05 | -0.41 | - | +0.16 | +1.27 | +2.39 |
| Level | Major | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.98 | 3.08 | 3.19 | 3.28 | 3.39 | 3.49 | 3.60 |
| Camarilla | 3.24 | 3.26 | 3.28 | 3.30 | 3.32 | 3.34 | 3.36 |
| Woodie | 2.99 | 3.08 | 3.20 | 3.29 | 3.40 | 3.49 | 3.61 |
| Fibonacci | 3.08 | 3.16 | 3.20 | 3.28 | 3.36 | 3.41 | 3.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.35 | 2.51 | 2.79 | 2.95 | 3.23 | 3.39 | 3.67 |
| Camarilla | 2.96 | 3.00 | 3.04 | 3.08 | 3.12 | 3.16 | 3.20 |
| Woodie | 2.42 | 2.54 | 2.86 | 2.98 | 3.30 | 3.42 | 3.74 |
| Fibonacci | 2.51 | 2.68 | 2.78 | 2.95 | 3.12 | 3.22 | 3.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.75 | 2.00 | 2.28 | 2.53 | 2.81 | 3.06 | 3.34 |
| Camarilla | 2.41 | 2.46 | 2.51 | 2.56 | 2.61 | 2.66 | 2.71 |
| Woodie | 1.77 | 2.01 | 2.30 | 2.54 | 2.83 | 3.07 | 3.36 |
| Fibonacci | 2.00 | 2.20 | 2.33 | 2.53 | 2.73 | 2.86 | 3.06 |
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): | 71.67 | |
| MACD (12,26,9): | 0.1700 | |
| Directional Movement: | 19.96 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 3.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.05 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 2.82 | |
| Zig ZAG (10): | 3.31 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 89.81 | |
| TEMA (21): | 3.30 | |
| Williams %R (14): | -14.14 | |
| Chande Momentum Oscillator (20): | 0.83 | |
| Repulse (5,40,3): | 2.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4700 | |
| Courbe Coppock: | 56.09 |
| MA7: | 3.16 | |
| MA20: | 2.75 | |
| MA50: | 2.73 | |
| MA100: | 3.47 | |
| MAexp7: | 3.18 | |
| MAexp20: | 2.89 | |
| MAexp50: | 2.91 | |
| MAexp100: | 3.26 | |
| Price / MA7: | +4.75% | |
| Price / MA20: | +20.36% | |
| Price / MA50: | +21.25% | |
| Price / MA100: | -4.61% | |
| Price / MAexp7: | +4.09% | |
| Price / MAexp20: | +14.53% | |
| Price / MAexp50: | +13.75% | |
| Price / MAexp100: | +1.53% |
News
The latest news and videos published on ROCKWELL MEDICAL INC. at the time of the analysis were as follows:
-
Rockwell Medical product to aid in fighting renal and chronic kidney disease
- Rockwell Medical, Inc. Appoints New Vice President, Operations
- Rockwell Medical, Inc. Appoints New Vice President, Marketing
- Rockwell Medical, Inc. Reports Third Quarter 2018 Financial Results
- Rockwell Medical Appoints New Chief Financial Officer
This member declared not having a position on this financial instrument or a related financial instrument.
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