WORLD ACCEPTANCE
WORLD ACCEPTANCE
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: WRLD
ISIN:

WORLD ACCEPTANCE - Daily - Technical analysis published on 01/27/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 94.03 USD
My targets
86.01 USD (-2.73%)
74.47 USD (-15.78%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WORLD ACCEPTANCE as long as the price remains well below 94.03 USD. The next bearish objective for sellers is set at 86.01 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 74.47 USD. If there is any crossing, the next objective would be the support located at 50.37 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5

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. Take part yourself by sharing additional analysis on another time unit:
1H Weekly

Additional analysis

Quotes

The WORLD ACCEPTANCE price is 88.42 USD. The price is lower by -1.67% since the last closing and was between 86.29 USD and 89.04 USD. This implies that the price is at +2.47% from its lowest and at -0.70% from its highest.

86.29
89.04
88.42

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of WORLD ACCEPTANCE indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily



On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 50.37 74.47 86.01 88.42 94.03 107.33 123.99
Change (%) -43.03% -15.78% -2.73% - +6.34% +21.39% +40.23%
Change -38.05 -13.95 -2.41 - +5.61 +18.91 +35.57
Level Major Intermediate Major - Major Minor 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
Standard84.4286.7788.3490.6992.2794.6296.19
Camarilla88.8489.2089.5689.9290.2890.6491.00
Woodie84.0386.5787.9690.5091.8894.4295.81
Fibonacci86.7788.2789.1990.6992.1993.1294.62


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard84.4286.7788.3490.6992.2794.6296.19
Camarilla88.8489.2089.5689.9290.2890.6491.00
Woodie84.0386.5787.9690.5091.8894.4295.81
Fibonacci86.7788.2789.1990.6992.1993.1294.62


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard70.7977.6782.0488.9293.29100.17104.54
Camarilla83.3184.3485.3786.4087.4388.4689.49
Woodie69.5377.0480.7888.2992.0399.54103.28
Fibonacci77.6781.9784.6288.9293.2295.87100.17

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 44.29
MACD (12,26,9): -0.1600
Directional Movement: -4.45
AROON (14): 85.72
DEMA (21): 88.87
Parabolic SAR (0,02-0,02-0,2): 93.04
Elder Ray (13): -1.95
Super Trend (3,10): 93.81
Zig ZAG (10): 88.42
VORTEX (21): 0.9700
Stochastique (14,3,5): 62.54
TEMA (21): 90.85
Williams %R (14): -62.62
Chande Momentum Oscillator (20): 0.84
Repulse (5,40,3): -1.3700
ROCnROLL: 2
TRIX (15,9): -0.0900
Courbe Coppock: 6.84
MA7: 90.76
MA20: 88.64
MA50: 90.35
MA100: 106.39
MAexp7: 89.87
MAexp20: 89.51
MAexp50: 93.64
MAexp100: 103.29
Price / MA7: -2.58%
Price / MA20: -0.25%
Price / MA50: -2.14%
Price / MA100: -16.89%
Price / MAexp7: -1.61%
Price / MAexp20: -1.22%
Price / MAexp50: -5.57%
Price / MAexp100: -14.40%

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

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