VMWARE INC.

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Change:	-
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Type:	Stocks
Ticker:	VMW
ISIN:

VMWARE INC. - 1H - Technical analysis published on 05/06/2021 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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VMWARE INC. Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

11%

My opinion

Bullish above 159.82 USD

My targets

164.46 USD (+1.36%)

167.31 USD (+3.11%)

My analysis

VMWARE INC. is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 159.82 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 164.46 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 167.31 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 172.82 USD. Beware of a possible return to under the support located at 159.82 USD which would be the sign of a correction of the bullish excesses registered in the short term.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.6

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

VMWARE INC. rating 162.26 USD. The price has increased by +1.39% since the last closing and was traded between 160.18 USD and 162.50 USD over the period. The price is currently at +1.30% from its lowest and -0.15% from its highest.

160.18

162.50

162.26

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of VMWARE INC. in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour

Support of triangle is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	150.23	155.66	159.82	162.26	162.45	164.46	167.31
Change (%)	-7.41%	-4.07%	-1.50%	-	+0.12%	+1.36%	+3.11%
Change	-12.03	-6.60	-2.44	-	+0.19	+2.20	+5.05
Level	Minor	Major	Intermediate	-	Intermediate	Minor	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	157.99	158.52	159.28	159.81	160.57	161.10	161.86
Camarilla	159.69	159.80	159.92	160.04	160.16	160.28	160.40
Woodie	158.11	158.58	159.40	159.87	160.69	161.16	161.98
Fibonacci	158.52	159.01	159.32	159.81	160.30	160.61	161.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	151.50	155.66	158.24	162.40	164.98	169.14	171.72
Camarilla	158.98	159.59	160.21	160.83	161.45	162.07	162.68
Woodie	150.72	155.27	157.46	162.01	164.20	168.75	170.94
Fibonacci	155.66	158.23	159.82	162.40	164.97	166.56	169.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	128.19	139.18	150.01	161.00	171.83	182.82	193.65
Camarilla	154.83	156.83	158.83	160.83	162.83	164.83	166.83
Woodie	128.10	139.14	149.92	160.96	171.74	182.78	193.56
Fibonacci	139.18	147.52	152.67	161.00	169.34	174.49	182.82

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):	62.10
MACD (12,26,9):	0.0100
Directional Movement:	8.46
AROON (14):	14.29
DEMA (21):	160.14
Parabolic SAR (0,02-0,02-0,2):	158.02
Elder Ray (13):	0.90
Super Trend (3,10):	162.94
Zig ZAG (10):	161.84
VORTEX (21):	0.9800
Stochastique (14,3,5):	69.93
TEMA (21):	160.88
Williams %R (14):	-5.27
Chande Momentum Oscillator (20):	2.18
Repulse (5,40,3):	0.7900
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.36

MA7:	161.00
MA20:	161.35
MA50:	152.65
MA100:	146.98
MAexp7:	160.87
MAexp20:	160.64
MAexp50:	161.18
MAexp100:	160.98
Price / MA7:	+0.78%
Price / MA20:	+0.56%
Price / MA50:	+6.30%
Price / MA100:	+10.40%
Price / MAexp7:	+0.86%
Price / MAexp20:	+1.01%
Price / MAexp50:	+0.67%
Price / MAexp100:	+0.80%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on VMWARE INC. 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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