TECH DATA CORP. - Daily - Technical analysis published on 12/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
TECH DATA CORP. Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 129.00 USD
My targets
152.58 USD (+6.53%)
160.28 USD (+11.90%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TECH DATA CORP. as long as the price remains well above 129.00 USD. The buyers” bullish objective is set at 152.58 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 160.28 USD. If there is any crossing, the next objective would be the resistance located at 175.30 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The TECH DATA CORP. rating is 143.23 USD. The price registered a decrease of -0.06% on the session and was traded between 143.23 USD and 143.44 USD over the period. The price is currently at 0% from its lowest and -0.15% from its highest.143.23
143.44
143.23
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this TECH DATA CORP. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 110.07 | 121.50 | 129.00 | 143.23 | 144.89 |
| Change (%) | -23.15% | -15.17% | -9.94% | - | +1.16% |
| Change | -33.16 | -21.73 | -14.23 | - | +1.66 |
| Level | Major | Intermediate | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.81 | 142.99 | 143.16 | 143.34 | 143.51 | 143.69 | 143.86 |
| Camarilla | 143.22 | 143.26 | 143.29 | 143.32 | 143.35 | 143.38 | 143.42 |
| Woodie | 142.80 | 142.99 | 143.15 | 143.34 | 143.50 | 143.69 | 143.85 |
| Fibonacci | 142.99 | 143.13 | 143.21 | 143.34 | 143.48 | 143.56 | 143.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.25 | 143.00 | 143.48 | 144.23 | 144.71 | 145.46 | 145.94 |
| Camarilla | 143.62 | 143.73 | 143.85 | 143.96 | 144.07 | 144.19 | 144.30 |
| Woodie | 142.12 | 142.93 | 143.35 | 144.16 | 144.58 | 145.39 | 145.81 |
| Fibonacci | 143.00 | 143.47 | 143.76 | 144.23 | 144.70 | 144.99 | 145.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.14 | 114.84 | 129.86 | 137.56 | 152.58 | 160.28 | 175.30 |
| Camarilla | 138.64 | 140.73 | 142.81 | 144.89 | 146.97 | 149.06 | 151.14 |
| Woodie | 110.81 | 116.67 | 133.53 | 139.39 | 156.25 | 162.11 | 178.97 |
| Fibonacci | 114.84 | 123.52 | 128.88 | 137.56 | 146.24 | 151.60 | 160.28 |
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): | 77.02 | |
| MACD (12,26,9): | 5.5100 | |
| Directional Movement: | 32.47 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 144.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 130.73 | |
| Elder Ray (13): | 2.94 | |
| Super Trend (3,10): | 138.57 | |
| Zig ZAG (10): | 143.23 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 87.84 | |
| TEMA (21): | 145.66 | |
| Williams %R (14): | -12.23 | |
| Chande Momentum Oscillator (20): | 14.13 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6100 | |
| Courbe Coppock: | 21.92 |
| MA7: | 143.65 | |
| MA20: | 136.73 | |
| MA50: | 126.09 | |
| MA100: | 111.37 | |
| MAexp7: | 142.71 | |
| MAexp20: | 137.58 | |
| MAexp50: | 127.56 | |
| MAexp100: | 117.85 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | +4.75% | |
| Price / MA50: | +13.59% | |
| Price / MA100: | +28.61% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +4.11% | |
| Price / MAexp50: | +12.28% | |
| Price / MAexp100: | +21.54% |
News
Don"t forget to follow the news on TECH DATA CORP.. At the time of publication of this analysis, the latest news was as follows:
- AGMA Adds Tech Data to Membership Roster
- Tech Data Announces Expiration of “Go-Shop” Period
- SHAREHOLDER ALERT: WeissLaw LLP Investigates Tech Data Corp.
- STOCKHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of TECH DATA CORPORATION - TECD
- TECH DATA ALERT: Bragar Eagel & Squire, P.C. Investigates Proposed Sale of TECD and Encourages Investors to Contact the Firm
This member declared not having a position on this financial instrument or a related financial instrument.
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