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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
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:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 84.42 | 86.77 | 88.34 | 90.69 | 92.27 | 94.62 | 96.19 |
Camarilla | 88.84 | 89.20 | 89.56 | 89.92 | 90.28 | 90.64 | 91.00 |
Woodie | 84.03 | 86.57 | 87.96 | 90.50 | 91.88 | 94.42 | 95.81 |
Fibonacci | 86.77 | 88.27 | 89.19 | 90.69 | 92.19 | 93.12 | 94.62 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 84.42 | 86.77 | 88.34 | 90.69 | 92.27 | 94.62 | 96.19 |
Camarilla | 88.84 | 89.20 | 89.56 | 89.92 | 90.28 | 90.64 | 91.00 |
Woodie | 84.03 | 86.57 | 87.96 | 90.50 | 91.88 | 94.42 | 95.81 |
Fibonacci | 86.77 | 88.27 | 89.19 | 90.69 | 92.19 | 93.12 | 94.62 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 70.79 | 77.67 | 82.04 | 88.92 | 93.29 | 100.17 | 104.54 |
Camarilla | 83.31 | 84.34 | 85.37 | 86.40 | 87.43 | 88.46 | 89.49 |
Woodie | 69.53 | 77.04 | 80.78 | 88.29 | 92.03 | 99.54 | 103.28 |
Fibonacci | 77.67 | 81.97 | 84.62 | 88.92 | 93.22 | 95.87 | 100.17 |
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% |
News
The latest news and videos published on WORLD ACCEPTANCE at the time of the analysis were as follows:
- World Acceptance Corporation Announces Third Quarter 2020 Conference Call On The Internet
- World Acceptance Corporation Announces Second Quarter 2020 Conference Call On The Internet
- World Acceptance Corporation Announces First Quarter 2020 Conference Call On The Internet
- World Acceptance Corporation Announces Fourth Quarter 2019 Conference Call On The Internet
- World Acceptance Corporation Announces Third Quarter 2019 Conference Call On The Internet
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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