BAUSCH HEALTH COMPANIES INC. - Daily - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 21.85 USD
My targets
22.91 USD (+0.93%)
23.79 USD (+4.80%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on BAUSCH HEALTH COMPANIES INC. as long as the price remains well above 21.85 USD. The buyers” bullish objective is set at 22.91 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.79 USD. If there is any crossing, the next objective would be the resistance located at 24.63 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
5.7
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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
BAUSCH HEALTH COMPANIES INC. rating 22.70 USD. On the day, this instrument gained +2.39% and was traded between 22.31 USD and 22.77 USD over the period. The price is currently at +1.75% from its lowest and -0.31% from its highest.22.31
22.77
22.70
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BAUSCH HEALTH COMPANIES INC. indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
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 | 18.89 | 20.81 | 21.85 | 22.70 | 22.91 | 23.79 | 24.63 |
| Change (%) | -16.78% | -8.33% | -3.74% | - | +0.93% | +4.80% | +8.50% |
| Change | -3.81 | -1.89 | -0.85 | - | +0.21 | +1.09 | +1.93 |
| Level | Major | Major | Major | - | Intermediate | Major | 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 | 20.64 | 21.07 | 21.62 | 22.05 | 22.60 | 23.03 | 23.58 |
| Camarilla | 21.90 | 21.99 | 22.08 | 22.17 | 22.26 | 22.35 | 22.44 |
| Woodie | 20.70 | 21.10 | 21.68 | 22.08 | 22.66 | 23.06 | 23.64 |
| Fibonacci | 21.07 | 21.44 | 21.68 | 22.05 | 22.42 | 22.66 | 23.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.93 | 17.83 | 19.22 | 20.12 | 21.51 | 22.41 | 23.80 |
| Camarilla | 19.99 | 20.20 | 20.41 | 20.62 | 20.83 | 21.04 | 21.25 |
| Woodie | 17.19 | 17.95 | 19.48 | 20.24 | 21.77 | 22.53 | 24.06 |
| Fibonacci | 17.83 | 18.70 | 19.24 | 20.12 | 20.99 | 21.53 | 22.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.51 | 19.28 | 20.56 | 22.33 | 23.61 | 25.38 | 26.66 |
| Camarilla | 21.01 | 21.29 | 21.57 | 21.85 | 22.13 | 22.41 | 22.69 |
| Woodie | 17.28 | 19.16 | 20.33 | 22.21 | 23.38 | 25.26 | 26.43 |
| Fibonacci | 19.28 | 20.44 | 21.16 | 22.33 | 23.49 | 24.21 | 25.38 |
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): | 62.22 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | 12.07 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 20.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.32 | |
| Elder Ray (13): | 1.56 | |
| Super Trend (3,10): | 19.97 | |
| Zig ZAG (10): | 22.70 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 88.22 | |
| TEMA (21): | 20.90 | |
| Williams %R (14): | -1.77 | |
| Chande Momentum Oscillator (20): | 2.91 | |
| Repulse (5,40,3): | 4.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.3500 | |
| Courbe Coppock: | 4.82 |
| MA7: | 20.86 | |
| MA20: | 20.84 | |
| MA50: | 21.60 | |
| MA100: | 22.43 | |
| MAexp7: | 21.26 | |
| MAexp20: | 21.04 | |
| MAexp50: | 21.64 | |
| MAexp100: | 22.29 | |
| Price / MA7: | +8.82% | |
| Price / MA20: | +8.93% | |
| Price / MA50: | +5.09% | |
| Price / MA100: | +1.20% | |
| Price / MAexp7: | +6.77% | |
| Price / MAexp20: | +7.89% | |
| Price / MAexp50: | +4.90% | |
| Price / MAexp100: | +1.84% |
This member declared not having a position on this financial instrument or a related financial instrument.
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