VMWARE INC. - 1H - Technical analysis published on 11/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
VMWARE INC. Chart
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 146.44 USD
My targets
139.47 USD (-4.17%)
131.99 USD (-9.31%)
My analysis
In a bearish trend, the price of VMWARE INC. tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 146.44 USD. A bearish break in the support located at 139.47 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 131.99 USD. Then 128.01 USD by extension. It would be safer to wait for a bearish break in the support located at 139.47 USD before allowing yourself to re trade short positions (for sale) on VMWARE INC.. PS: if there is a bullish break in the resistance located at 146.44 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5
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This analysis was given by Londinia.
Additional analysis
Quotes
The VMWARE INC. rating is 145.54 USD. The price is lower by -0.41% since the last closing and was traded between 144.60 USD and 148.21 USD over the period. The price is currently at +0.65% from its lowest and -1.80% from its highest.144.60
148.21
145.54
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on VMWARE INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of VMWARE INC. indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 121.83 | 128.01 | 139.47 | 145.54 | 146.44 | 154.87 | 163.93 |
| Change (%) | -16.29% | -12.04% | -4.17% | - | +0.62% | +6.41% | +12.64% |
| Change | -23.71 | -17.53 | -6.07 | - | +0.90 | +9.33 | +18.39 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Intermediate |
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 | 142.14 | 142.94 | 144.54 | 145.34 | 146.94 | 147.74 | 149.34 |
| Camarilla | 145.48 | 145.70 | 145.92 | 146.14 | 146.36 | 146.58 | 146.80 |
| Woodie | 142.54 | 143.14 | 144.94 | 145.54 | 147.34 | 147.94 | 149.74 |
| Fibonacci | 142.94 | 143.86 | 144.42 | 145.34 | 146.26 | 146.82 | 147.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.98 | 131.99 | 137.09 | 147.10 | 152.20 | 162.21 | 167.31 |
| Camarilla | 138.05 | 139.43 | 140.82 | 142.20 | 143.59 | 144.97 | 146.36 |
| Woodie | 119.54 | 130.76 | 134.65 | 145.87 | 149.76 | 160.98 | 164.87 |
| Fibonacci | 131.99 | 137.76 | 141.33 | 147.10 | 152.87 | 156.44 | 162.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.58 | 111.79 | 128.72 | 154.93 | 171.86 | 198.07 | 215.00 |
| Camarilla | 133.79 | 137.74 | 141.70 | 145.65 | 149.61 | 153.56 | 157.51 |
| Woodie | 80.94 | 109.47 | 124.08 | 152.61 | 167.22 | 195.75 | 210.36 |
| Fibonacci | 111.79 | 128.27 | 138.45 | 154.93 | 171.41 | 181.59 | 198.07 |
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): | 51.83 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | 14.62 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 144.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 143.77 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 142.58 | |
| Zig ZAG (10): | 145.24 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 59.85 | |
| TEMA (21): | 145.57 | |
| Williams %R (14): | -59.38 | |
| Chande Momentum Oscillator (20): | 1.50 | |
| Repulse (5,40,3): | -1.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.90 |
| MA7: | 145.78 | |
| MA20: | 158.65 | |
| MA50: | 162.82 | |
| MA100: | 157.53 | |
| MAexp7: | 145.02 | |
| MAexp20: | 144.68 | |
| MAexp50: | 146.86 | |
| MAexp100: | 151.91 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -8.26% | |
| Price / MA50: | -10.61% | |
| Price / MA100: | -7.61% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | -0.90% | |
| Price / MAexp100: | -4.19% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on VMWARE INC.. At the time of publication of this analysis, the latest news was as follows:
- Optimism and AI Set the Tone at Climate Week NYC and Beyond
- VMware Has Been Recognized as One of the Best Companies To Work for in the Technology Sector
- VMware: Finding Treatments for Children With Rare Diseases
- Ethics in the Age of Generative AI: A Closer Look at the Ethical Principles for VMware’s AI
- VMware: Built To Drive Sustainability
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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