UNITED BANKSHARES INC. - Daily - Technical analysis published on 07/19/2019 (GMT)
- Who voted?
- 194
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 37.74 USD
My targets
36.17 USD (-0.30%)
33.99 USD (-6.31%)
My analysis
UNITED BANKSHARES INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 37.74 USD. The next support located at 36.17 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 33.99 USD. Below this support, sellers could then target 31.83 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
UNITED BANKSHARES INC. rating 36.28 USD. The price registered an increase of +0.69% on the session and was between 35.72 USD and 36.55 USD. This implies that the price is at +1.57% from its lowest and at -0.74% from its highest.35.72
36.55
36.28
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of UNITED BANKSHARES INC. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 31.83 | 33.99 | 36.17 | 36.28 | 37.74 | 38.70 | 39.52 |
| Change (%) | -12.27% | -6.31% | -0.30% | - | +4.02% | +6.67% | +8.93% |
| Change | -4.45 | -2.29 | -0.11 | - | +1.46 | +2.42 | +3.24 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.17 | 35.44 | 35.74 | 36.01 | 36.31 | 36.58 | 36.88 |
| Camarilla | 35.87 | 35.93 | 35.98 | 36.03 | 36.08 | 36.14 | 36.19 |
| Woodie | 35.18 | 35.45 | 35.75 | 36.02 | 36.32 | 36.59 | 36.89 |
| Fibonacci | 35.44 | 35.66 | 35.80 | 36.01 | 36.23 | 36.37 | 36.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.07 | 35.56 | 36.27 | 36.76 | 37.47 | 37.96 | 38.67 |
| Camarilla | 36.66 | 36.77 | 36.88 | 36.99 | 37.10 | 37.21 | 37.32 |
| Woodie | 35.19 | 35.62 | 36.39 | 36.82 | 37.59 | 38.02 | 38.79 |
| Fibonacci | 35.56 | 36.02 | 36.30 | 36.76 | 37.22 | 37.50 | 37.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.70 | 34.69 | 35.89 | 36.88 | 38.08 | 39.07 | 40.27 |
| Camarilla | 36.49 | 36.69 | 36.89 | 37.09 | 37.29 | 37.49 | 37.69 |
| Woodie | 33.81 | 34.74 | 36.00 | 36.93 | 38.19 | 39.12 | 40.38 |
| Fibonacci | 34.69 | 35.53 | 36.04 | 36.88 | 37.72 | 38.23 | 39.07 |
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): | 46.05 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -2.85 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 36.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.27 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 38.05 | |
| Zig ZAG (10): | 36.28 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 21.65 | |
| TEMA (21): | 36.30 | |
| Williams %R (14): | -71.13 | |
| Chande Momentum Oscillator (20): | -0.86 | |
| Repulse (5,40,3): | 0.9200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.23 |
| MA7: | 36.33 | |
| MA20: | 36.57 | |
| MA50: | 36.88 | |
| MA100: | 37.31 | |
| MAexp7: | 36.34 | |
| MAexp20: | 36.56 | |
| MAexp50: | 36.85 | |
| MAexp100: | 36.83 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -0.79% | |
| Price / MA50: | -1.63% | |
| Price / MA100: | -2.76% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.77% | |
| Price / MAexp50: | -1.55% | |
| Price / MAexp100: | -1.49% |
News
The last news published on UNITED BANKSHARES INC. at the time of the generation of this analysis was as follows:
- United Bankshares, Inc. to Participate in 2019 Keefe Bruyette & Woods Winter Financial Services Symposium
-
United Bankshares /WV
-
United Bankshares /WV
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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 UNITED BANKSHARES INC. - Daily