CAREL INDUSTRIES - 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:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 13.13 EUR
My targets
12.38 EUR (-2.52%)
11.68 EUR (-8.03%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAREL INDUSTRIES as long as the price remains well below 13.13 EUR. The sellers” bearish objective is set at 12.38 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.68 EUR. In case of crossing, the next objective would be the support located at 11.00 EUR.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.6
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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 CAREL INDUSTRIES rating is 12.70 EUR. The price registered a decrease of -0.63% on the session with the lowest point at 12.70 EUR and the highest point at 12.94 EUR. The deviation from the price is 0% for the low point and -1.85% for the high point.12.70
12.94
12.70
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of CAREL INDUSTRIES indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 11.00 | 11.68 | 12.38 | 12.70 | 13.13 | 14.38 | 15.16 |
| Change (%) | -13.39% | -8.03% | -2.52% | - | +3.39% | +13.23% | +19.37% |
| Change | -1.70 | -1.02 | -0.32 | - | +0.43 | +1.68 | +2.46 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Minor |
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 | 12.47 | 12.67 | 12.79 | 12.99 | 13.11 | 13.31 | 13.43 |
| Camarilla | 12.81 | 12.84 | 12.87 | 12.90 | 12.93 | 12.96 | 12.99 |
| Woodie | 12.42 | 12.65 | 12.74 | 12.97 | 13.06 | 13.29 | 13.38 |
| Fibonacci | 12.67 | 12.80 | 12.87 | 12.99 | 13.12 | 13.19 | 13.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.81 | 12.47 | 12.93 | 13.59 | 14.05 | 14.71 | 15.17 |
| Camarilla | 13.09 | 13.20 | 13.30 | 13.40 | 13.50 | 13.61 | 13.71 |
| Woodie | 11.72 | 12.42 | 12.84 | 13.54 | 13.96 | 14.66 | 15.08 |
| Fibonacci | 12.47 | 12.90 | 13.16 | 13.59 | 14.02 | 14.28 | 14.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.50 | 12.30 | 13.08 | 13.88 | 14.66 | 15.46 | 16.24 |
| Camarilla | 13.43 | 13.57 | 13.72 | 13.86 | 14.01 | 14.15 | 14.30 |
| Woodie | 11.49 | 12.30 | 13.07 | 13.88 | 14.65 | 15.46 | 16.23 |
| Fibonacci | 12.30 | 12.90 | 13.28 | 13.88 | 14.48 | 14.86 | 15.46 |
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): | 36.70 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -11.77 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 13.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.28 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 14.37 | |
| Zig ZAG (10): | 12.86 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 14.89 | |
| TEMA (21): | 12.95 | |
| Williams %R (14): | -91.14 | |
| Chande Momentum Oscillator (20): | -0.78 | |
| Repulse (5,40,3): | -5.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 13.08 |
| MA7: | 13.15 | |
| MA20: | 13.58 | |
| MA50: | 13.68 | |
| MA100: | 13.25 | |
| MAexp7: | 13.10 | |
| MAexp20: | 13.41 | |
| MAexp50: | 13.50 | |
| MAexp100: | 13.10 | |
| Price / MA7: | -3.42% | |
| Price / MA20: | -6.48% | |
| Price / MA50: | -7.16% | |
| Price / MA100: | -4.15% | |
| Price / MAexp7: | -3.05% | |
| Price / MAexp20: | -5.29% | |
| Price / MAexp50: | -5.93% | |
| Price / MAexp100: | -3.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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