VMWARE INC. - 1H - Technical analysis published on 11/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
VMWARE INC. Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 148.16 USD
My targets
154.87 USD (+3.98%)
163.97 USD (+10.09%)
My analysis
The current short-term bullish acceleration on VMWARE INC. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 148.16 USD. Short-term buyers will use the resistance located at 154.87 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 163.97 USD. Crossing this resistance would then open the door for buyers to target 168.58 USD. Caution, if there is a return to under 148.16 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
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 Londinia.
Additional analysis
Quotes
The VMWARE INC. rating is 148.94 USD. The price has increased by +1.47% since the last closing and was between 146.41 USD and 148.98 USD. This implies that the price is at +1.73% from its lowest and at -0.03% from its highest.146.41
148.98
148.94
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VMWARE INC.:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this VMWARE INC. chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 139.47 | 144.87 | 148.16 | 148.94 | 154.87 | 163.97 | 168.58 |
| Change (%) | -6.36% | -2.73% | -0.52% | - | +3.98% | +10.09% | +13.19% |
| Change | -9.47 | -4.07 | -0.78 | - | +5.93 | +15.03 | +19.64 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Major |
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 | 141.86 | 143.23 | 145.01 | 146.38 | 148.16 | 149.53 | 151.31 |
| Camarilla | 145.92 | 146.21 | 146.50 | 146.79 | 147.08 | 147.37 | 147.66 |
| Woodie | 142.07 | 143.33 | 145.22 | 146.48 | 148.37 | 149.63 | 151.52 |
| Fibonacci | 143.23 | 144.43 | 145.18 | 146.38 | 147.58 | 148.33 | 149.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.25 | 134.12 | 140.46 | 144.33 | 150.67 | 154.54 | 160.88 |
| Camarilla | 143.98 | 144.92 | 145.85 | 146.79 | 147.73 | 148.66 | 149.60 |
| Woodie | 131.48 | 134.74 | 141.69 | 144.95 | 151.90 | 155.16 | 162.11 |
| Fibonacci | 134.12 | 138.02 | 140.43 | 144.33 | 148.23 | 150.64 | 154.54 |
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): | 70.51 | |
| MACD (12,26,9): | 0.9000 | |
| Directional Movement: | 26.49 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 148.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 145.60 | |
| Elder Ray (13): | 1.44 | |
| Super Trend (3,10): | 146.72 | |
| Zig ZAG (10): | 148.98 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 96.74 | |
| TEMA (21): | 148.85 | |
| Williams %R (14): | -1.83 | |
| Chande Momentum Oscillator (20): | 2.75 | |
| Repulse (5,40,3): | 0.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.33 |
| MA7: | 145.86 | |
| MA20: | 156.58 | |
| MA50: | 162.24 | |
| MA100: | 157.66 | |
| MAexp7: | 148.08 | |
| MAexp20: | 146.95 | |
| MAexp50: | 146.93 | |
| MAexp100: | 150.33 | |
| Price / MA7: | +2.11% | |
| Price / MA20: | -4.88% | |
| Price / MA50: | -8.20% | |
| Price / MA100: | -5.53% | |
| Price / MAexp7: | +0.58% | |
| Price / MAexp20: | +1.35% | |
| Price / MAexp50: | +1.37% | |
| Price / MAexp100: | -0.92% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on VMWARE INC. at the time of the analysis were 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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