SLM CORP. - Daily - Technical analysis published on 07/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 9.84 USD
My targets
9.38 USD (-0.95%)
9.11 USD (-3.80%)
My analysis
The bearish basic trend is very strong on SLM CORP. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 9.84 USD. Crossing the first support at 9.38 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 9.11 USD as an objective. Crossing it would then enable sellers to target 8.43 USD. Caution, a return to above the resistance located at 9.84 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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.
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
The SLM CORP. rating is 9.47 USD. On the day, this instrument lost -2.27% and was between 9.44 USD and 9.69 USD. This implies that the price is at +0.32% from its lowest and at -2.27% from its highest.9.44
9.69
9.47
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SLM CORP.:
Technical
Technical analysis of this Daily chart of SLM CORP. indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 8.43 | 9.11 | 9.38 | 9.47 | 9.84 | 10.60 | 11.02 |
Change (%) | -10.98% | -3.80% | -0.95% | - | +3.91% | +11.93% | +16.37% |
Change | -1.04 | -0.36 | -0.09 | - | +0.37 | +1.13 | +1.55 |
Level | Minor | Major | Intermediate | - | Major | Intermediate | Minor |
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 | 9.38 | 9.45 | 9.57 | 9.65 | 9.77 | 9.84 | 9.96 |
Camarilla | 9.64 | 9.65 | 9.67 | 9.69 | 9.71 | 9.73 | 9.74 |
Woodie | 9.40 | 9.46 | 9.59 | 9.66 | 9.79 | 9.85 | 9.98 |
Fibonacci | 9.45 | 9.52 | 9.57 | 9.65 | 9.72 | 9.77 | 9.84 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.97 | 9.16 | 9.39 | 9.58 | 9.81 | 10.00 | 10.23 |
Camarilla | 9.50 | 9.54 | 9.58 | 9.62 | 9.66 | 9.70 | 9.74 |
Woodie | 8.99 | 9.17 | 9.41 | 9.59 | 9.83 | 10.01 | 10.25 |
Fibonacci | 9.16 | 9.32 | 9.42 | 9.58 | 9.74 | 9.84 | 10.00 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.14 | 8.59 | 9.16 | 9.61 | 10.17 | 10.62 | 11.19 |
Camarilla | 9.44 | 9.53 | 9.63 | 9.72 | 9.81 | 9.91 | 10.00 |
Woodie | 8.20 | 8.62 | 9.21 | 9.63 | 10.23 | 10.65 | 11.24 |
Fibonacci | 8.59 | 8.98 | 9.22 | 9.61 | 9.99 | 10.23 | 10.62 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 46.67 | |
MACD (12,26,9): | -0.0300 | |
Directional Movement: | 0.72 | |
AROON (14): | 21.43 | |
DEMA (21): | 9.49 | |
Parabolic SAR (0,02-0,02-0,2): | 9.40 | |
Elder Ray (13): | 0.03 | |
Super Trend (3,10): | 9.84 | |
Zig ZAG (10): | 9.47 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 55.93 | |
TEMA (21): | 9.55 | |
Williams %R (14): | -58.75 | |
Chande Momentum Oscillator (20): | -0.25 | |
Repulse (5,40,3): | -1.3900 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0800 | |
Courbe Coppock: | 4.72 |
MA7: | 9.51 | |
MA20: | 9.47 | |
MA50: | 9.70 | |
MA100: | 10.03 | |
MAexp7: | 9.54 | |
MAexp20: | 9.55 | |
MAexp50: | 9.69 | |
MAexp100: | 9.89 | |
Price / MA7: | -0.42% | |
Price / MA20: | -0% | |
Price / MA50: | -2.37% | |
Price / MA100: | -5.58% | |
Price / MAexp7: | -0.73% | |
Price / MAexp20: | -0.84% | |
Price / MAexp50: | -2.27% | |
Price / MAexp100: | -4.25% |
News
The last news published on SLM 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.
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…
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