VMWARE INC. - 1H - Technical analysis published on 09/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
VMWARE INC. Chart
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 165.44 USD
My targets
168.58 USD (+0.84%)
170.19 USD (+1.81%)
My analysis
The basic bullish trend is very strong on VMWARE INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 165.44 USD. Crossing the first resistance at 168.58 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 170.19 USD as an objective. Caution, a return to below 165.44 USD would be a sign of a consolidation phase in 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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This analysis was given by Londinia.
Additional analysis
Quotes
VMWARE INC. rating 167.17 USD. The price is lower by -0.04% since the last closing with the lowest point at 166.54 USD and the highest point at 168.11 USD. The deviation from the price is +0.38% for the low point and -0.56% for the high point.166.54
168.11
167.17
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of VMWARE INC. indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 156.87 | 163.41 | 165.44 | 167.17 | 168.58 | 170.19 |
| Change (%) | -6.16% | -2.25% | -1.03% | - | +0.84% | +1.81% |
| Change | -10.30 | -3.76 | -1.73 | - | +1.41 | +3.02 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 | 160.31 | 161.96 | 164.60 | 166.25 | 168.89 | 170.54 | 173.18 |
| Camarilla | 166.05 | 166.44 | 166.84 | 167.23 | 167.62 | 168.02 | 168.41 |
| Woodie | 160.80 | 162.21 | 165.09 | 166.50 | 169.38 | 170.79 | 173.67 |
| Fibonacci | 161.96 | 163.60 | 164.62 | 166.25 | 167.89 | 168.91 | 170.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 155.25 | 158.02 | 162.63 | 165.40 | 170.01 | 172.78 | 177.39 |
| Camarilla | 165.20 | 165.88 | 166.55 | 167.23 | 167.91 | 168.58 | 169.26 |
| Woodie | 156.16 | 158.48 | 163.54 | 165.86 | 170.92 | 173.24 | 178.30 |
| Fibonacci | 158.02 | 160.84 | 162.58 | 165.40 | 168.22 | 169.96 | 172.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 141.60 | 147.60 | 158.19 | 164.19 | 174.78 | 180.78 | 191.37 |
| Camarilla | 164.22 | 165.74 | 167.26 | 168.78 | 170.30 | 171.82 | 173.34 |
| Woodie | 143.90 | 148.75 | 160.49 | 165.34 | 177.08 | 181.93 | 193.67 |
| Fibonacci | 147.60 | 153.94 | 157.85 | 164.19 | 170.53 | 174.44 | 180.78 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.00 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | 5.78 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 166.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 161.88 | |
| Elder Ray (13): | 1.15 | |
| Super Trend (3,10): | 164.00 | |
| Zig ZAG (10): | 167.51 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 90.32 | |
| TEMA (21): | 166.86 | |
| Williams %R (14): | -11.50 | |
| Chande Momentum Oscillator (20): | 3.10 | |
| Repulse (5,40,3): | 0.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.44 |
| MA7: | 166.08 | |
| MA20: | 165.91 | |
| MA50: | 161.83 | |
| MA100: | 148.46 | |
| MAexp7: | 166.80 | |
| MAexp20: | 166.09 | |
| MAexp50: | 165.98 | |
| MAexp100: | 165.53 | |
| Price / MA7: | +0.66% | |
| Price / MA20: | +0.76% | |
| Price / MA50: | +3.30% | |
| Price / MA100: | +12.60% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +0.72% | |
| Price / MAexp100: | +0.99% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
The last news published on VMWARE INC. at the time of the generation of this analysis was as follows:
- Ethics in the Age of Generative AI: A Closer Look at the Ethical Principles for VMware’s AI
- VMware: Built To Drive Sustainability
- Empowering Sustainability: Carbon Emissions Explorer Dashboard for VMware Aria Operations
- Purpose, Promise & Innovation: Exploring VMware’s 2023 ESG Report
- How VMware Customers Challenge Expectations
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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