U S CONCRETE INC.

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Type:	Stocks
Ticker:	USCR
ISIN:

U S CONCRETE INC. - Daily - Technical analysis published on 02/19/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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U S CONCRETE INC. Chart

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

44%

28%

My opinion

Bearish under 38.73 USD

My targets

35.59 USD (-6.19%)

33.14 USD (-12.65%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on U S CONCRETE INC. as long as the price remains well below 38.73 USD. The sellers” bearish objective is set at 35.59 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 33.14 USD. In case of crossing, the next objective would be the support located at 29.17 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

FORCE

5.5

Comment on the analysis

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 U S CONCRETE INC. rating is 37.94 USD. On the day, this instrument lost -2.14% and was traded between 37.53 USD and 38.77 USD over the period. The price is currently at +1.09% from its lowest and -2.14% from its highest.

37.53

38.77

37.94

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by U S CONCRETE INC.:

Technical

Technical analysis of this Daily chart of U S CONCRETE INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.40	29.17	35.59	37.94	38.73	43.90	48.28
Change (%)	-40.96%	-23.12%	-6.19%	-	+2.08%	+15.71%	+27.25%
Change	-15.54	-8.77	-2.35	-	+0.79	+5.96	+10.34
Level	Minor	Major	Major	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.35	37.99	38.38	39.01	39.40	40.04	40.43
Camarilla	38.49	38.58	38.68	38.77	38.86	38.96	39.05
Woodie	37.23	37.93	38.26	38.95	39.28	39.98	40.31
Fibonacci	37.99	38.38	38.62	39.01	39.40	39.65	40.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.96	37.08	37.92	39.04	39.88	41.00	41.84
Camarilla	38.23	38.41	38.59	38.77	38.95	39.13	39.31
Woodie	35.83	37.01	37.79	38.97	39.75	40.93	41.71
Fibonacci	37.08	37.83	38.29	39.04	39.79	40.25	41.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.15	30.69	33.14	37.68	40.13	44.67	47.12
Camarilla	33.67	34.31	34.95	35.59	36.23	36.87	37.51
Woodie	25.11	30.17	32.10	37.16	39.09	44.15	46.08
Fibonacci	30.69	33.36	35.01	37.68	40.35	42.00	44.67

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):	43.42
MACD (12,26,9):	-0.2800
Directional Movement:	-4.40
AROON (14):	64.28
DEMA (21):	38.19
Parabolic SAR (0,02-0,02-0,2):	36.29
Elder Ray (13):	-0.47
Super Trend (3,10):	36.11
Zig ZAG (10):	37.94
VORTEX (21):	0.8700
Stochastique (14,3,5):	70.80
TEMA (21):	38.65
Williams %R (14):	-44.92
Chande Momentum Oscillator (20):	1.23
Repulse (5,40,3):	-3.0500
ROCnROLL:	2
TRIX (15,9):	-0.2000
Courbe Coppock:	6.13

MA7:	39.07
MA20:	38.09
MA50:	39.62
MA100:	43.94
MAexp7:	38.71
MAexp20:	38.72
MAexp50:	40.04
MAexp100:	42.00
Price / MA7:	-2.89%
Price / MA20:	-0.39%
Price / MA50:	-4.24%
Price / MA100:	-13.65%
Price / MAexp7:	-1.99%
Price / MAexp20:	-2.01%
Price / MAexp50:	-5.24%
Price / MAexp100:	-9.67%

News

Don"t forget to follow the news on U S CONCRETE INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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