HUAMI CORP. - Daily - Technical analysis published on 03/10/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
HUAMI CORP. Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
56%
17%
My opinion
Bullish above 12.85 USD
My targets
14.06 USD (+4.23%)
14.92 USD (+10.60%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 12.85 USD remains possible. It is advisable to trade HUAMI CORP. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 12.85 USD. The next bullish objective for buyers is set at 14.06 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14.92 USD. If there is any crossing, the next objective would be the resistance located at 16.15 USD. PS: if there is a bearish break in the support located at 12.85 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
0.9
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 HUAMI CORP. price is 13.49 USD. The price has increased by +3.45% since the last closing and was between 13.34 USD and 13.69 USD. This implies that the price is at +1.12% from its lowest and at -1.46% from its highest.13.34
13.69
13.49
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this HUAMI CORP. chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 9.60 | 11.96 | 12.85 | 13.49 | 14.06 | 14.92 | 16.15 |
| Change (%) | -28.84% | -11.34% | -4.74% | - | +4.23% | +10.60% | +19.72% |
| Change | -3.89 | -1.53 | -0.64 | - | +0.57 | +1.43 | +2.66 |
| Level | Intermediate | Major | Major | - | Major | 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 | 12.28 | 12.49 | 12.86 | 13.07 | 13.44 | 13.65 | 14.02 |
| Camarilla | 13.08 | 13.13 | 13.19 | 13.24 | 13.29 | 13.35 | 13.40 |
| Woodie | 12.37 | 12.53 | 12.95 | 13.11 | 13.53 | 13.69 | 14.11 |
| Fibonacci | 12.49 | 12.71 | 12.85 | 13.07 | 13.29 | 13.43 | 13.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.51 | 11.60 | 12.42 | 13.51 | 14.33 | 15.42 | 16.24 |
| Camarilla | 12.72 | 12.89 | 13.07 | 13.24 | 13.42 | 13.59 | 13.77 |
| Woodie | 10.38 | 11.53 | 12.29 | 13.44 | 14.20 | 15.35 | 16.11 |
| Fibonacci | 11.60 | 12.33 | 12.78 | 13.51 | 14.24 | 14.69 | 15.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.45 | 11.57 | 12.88 | 14.00 | 15.31 | 16.43 | 17.74 |
| Camarilla | 13.53 | 13.75 | 13.98 | 14.20 | 14.42 | 14.65 | 14.87 |
| Woodie | 10.56 | 11.62 | 12.99 | 14.05 | 15.42 | 16.48 | 17.85 |
| Fibonacci | 11.57 | 12.50 | 13.07 | 14.00 | 14.93 | 15.50 | 16.43 |
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): | 45.36 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -8.76 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 13.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.67 | |
| Elder Ray (13): | -1.08 | |
| Super Trend (3,10): | 15.33 | |
| Zig ZAG (10): | 13.04 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 36.04 | |
| TEMA (21): | 13.24 | |
| Williams %R (14): | -53.95 | |
| Chande Momentum Oscillator (20): | -1.20 | |
| Repulse (5,40,3): | 9.7600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 6.62 |
| MA7: | 13.57 | |
| MA20: | 13.62 | |
| MA50: | 13.43 | |
| MA100: | 12.01 | |
| MAexp7: | 13.38 | |
| MAexp20: | 13.53 | |
| MAexp50: | 13.23 | |
| MAexp100: | 12.52 | |
| Price / MA7: | -0.59% | |
| Price / MA20: | -0.95% | |
| Price / MA50: | +0.45% | |
| Price / MA100: | +12.32% | |
| Price / MAexp7: | +0.75% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | +1.89% | |
| Price / MAexp100: | +7.67% |
News
The last news published on HUAMI CORP. at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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