VMWARE INC.

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Change:	-
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Type:	Stocks
Ticker:	VMW
ISIN:

VMWARE INC. - 1H - Technical analysis published on 12/18/2023 (GMT)

Timeframe : 1H
- Analysis generated on
Status : CANCELLED

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VMWARE INC. Chart

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

67%

11%

My opinion

Bearish under 148.12 USD

My targets

139.47 USD (-2.11%)

128.72 USD (-9.66%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VMWARE INC. as long as the price remains well below 148.12 USD. The sellers' bearish objective is set at 139.47 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 128.72 USD. In case of crossing, the next objective would be the support located at 127.82 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

7.1

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 Londinia.

Additional analysis

Quotes

The VMWARE INC. price is 142.48 USD. The price registered a decrease of -4.96% on the session and was traded between 142.47 USD and 143.63 USD over the period. The price is currently at +0.01% from its lowest and -0.80% from its highest.

142.47

143.63

142.48

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this 1H chart of VMWARE INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 2 are neutral and 12 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	121.83	127.82	139.47	142.48	148.12	154.87	168.58
Change (%)	-14.49%	-10.29%	-2.11%	-	+3.96%	+8.70%	+18.32%
Change	-20.65	-14.66	-3.01	-	+5.64	+12.39	+26.10
Level	Intermediate	Major	Major	-	Major	Major	Major

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	140.93	141.70	142.09	142.86	143.25	144.02	144.41
Camarilla	142.16	142.27	142.37	142.48	142.59	142.69	142.80
Woodie	140.74	141.61	141.90	142.77	143.06	143.93	144.22
Fibonacci	141.70	142.14	142.42	142.86	143.30	143.58	144.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	141.67	144.83	147.23	150.39	152.79	155.95	158.35
Camarilla	148.09	148.60	149.11	149.62	150.13	150.64	151.15
Woodie	141.28	144.64	146.84	150.20	152.40	155.76	157.96
Fibonacci	144.83	146.96	148.27	150.39	152.52	153.83	155.95

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):	25.11
MACD (12,26,9):	-1.8300
Directional Movement:	-32.31
AROON (14):	-64.29
DEMA (21):	144.01
Parabolic SAR (0,02-0,02-0,2):	149.92
Elder Ray (13):	-2.41
Super Trend (3,10):	145.77
Zig ZAG (10):	142.48
VORTEX (21):	0.9300
Stochastique (14,3,5):	1.02
TEMA (21):	142.59
Williams %R (14):	-99.88
Chande Momentum Oscillator (20):	-5.14
Repulse (5,40,3):	-0.3500
ROCnROLL:	2
TRIX (15,9):	-0.1100
Courbe Coppock:	7.37

MA7:	148.39
MA20:	147.56
MA50:	158.51
MA100:	158.57
MAexp7:	143.65
MAexp20:	146.09
MAexp50:	147.72
MAexp100:	148.83
Price / MA7:	-3.98%
Price / MA20:	-3.44%
Price / MA50:	-10.11%
Price / MA100:	-10.15%
Price / MAexp7:	-0.81%
Price / MAexp20:	-2.47%
Price / MAexp50:	-3.55%
Price / MAexp100:	-4.27%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on VMWARE INC. at the time of the analysis were as follows:

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

About author

Londinia AI

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