BORAL LIMITED. - Weekly - Technical analysis published on 09/21/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 3.650 AUD
My targets
4.830 AUD (+14.45%)
5.193 AUD (+23.06%)
My analysis
The strong short-term increase in BORAL LIMITED. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 3.650 AUD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 4.830 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.193 AUD as an objective. Crossing it would then enable buyers to target 6.245 AUD. Caution, a return under 3.650 AUD could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3
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This analysis was given by amclaugh. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BORAL LIMITED. rating 4.220 AUD. The price is up +3.18% over 5 days with the lowest point at 4.170 AUD and the highest point at 4.330 AUD. The deviation from the price is +1.20% for the low point and -2.54% for the high point.4.170
4.330
4.220
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
Here is a more detailed summary of the historical variations registered by BORAL LIMITED.:
Technical
Technical analysis of BORAL LIMITED. in Weekly shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Weekly
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 : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.460 | 2.950 | 4.218 | 4.220 | 5.193 | 6.245 | 7.150 |
| Change (%) | -41.71% | -30.09% | -0.05% | - | +23.06% | +47.99% | +69.43% |
| Change | -1.760 | -1.270 | -0.002 | - | +0.973 | +2.025 | +2.930 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | 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 | 3.980 | 4.040 | 4.140 | 4.200 | 4.300 | 4.360 | 4.460 |
| Camarilla | 4.196 | 4.211 | 4.225 | 4.240 | 4.255 | 4.269 | 4.284 |
| Woodie | 4.000 | 4.050 | 4.160 | 4.210 | 4.320 | 4.370 | 4.480 |
| Fibonacci | 4.040 | 4.101 | 4.139 | 4.200 | 4.261 | 4.299 | 4.360 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.527 | 3.673 | 3.837 | 3.983 | 4.147 | 4.293 | 4.457 |
| Camarilla | 3.915 | 3.943 | 3.972 | 4.000 | 4.028 | 4.057 | 4.085 |
| Woodie | 3.535 | 3.678 | 3.845 | 3.988 | 4.155 | 4.298 | 4.465 |
| Fibonacci | 3.673 | 3.792 | 3.865 | 3.983 | 4.102 | 4.175 | 4.293 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.060 | 3.290 | 3.650 | 3.880 | 4.240 | 4.470 | 4.830 |
| Camarilla | 3.848 | 3.902 | 3.956 | 4.010 | 4.064 | 4.118 | 4.172 |
| Woodie | 3.125 | 3.323 | 3.715 | 3.913 | 4.305 | 4.503 | 4.895 |
| Fibonacci | 3.290 | 3.515 | 3.655 | 3.880 | 4.105 | 4.245 | 4.470 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.42 | |
| MACD (12,26,9): | 0.0610 | |
| Directional Movement: | 10.265 | |
| AROON (14): | 100.000 | |
| DEMA (21): | 3.681 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.457 | |
| Elder Ray (13): | 0.333 | |
| Super Trend (3,10): | 3.073 | |
| Zig ZAG (10): | 4.020 | |
| VORTEX (21): | 1.1890 | |
| Stochastique (14,3,5): | 89.42 | |
| TEMA (21): | 3.958 | |
| Williams %R (14): | -17.02 | |
| Chande Momentum Oscillator (20): | 0.270 | |
| Repulse (5,40,3): | 4.7890 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2060 | |
| Courbe Coppock: | 53.52 |
| MA7: | 4.116 | |
| MA20: | 3.980 | |
| MA50: | 3.837 | |
| MA100: | 3.555 | |
| MAexp7: | 3.854 | |
| MAexp20: | 3.675 | |
| MAexp50: | 3.929 | |
| MAexp100: | 4.492 | |
| Price / MA7: | +2.53% | |
| Price / MA20: | +6.03% | |
| Price / MA50: | +9.98% | |
| Price / MA100: | +18.71% | |
| Price / MAexp7: | +9.50% | |
| Price / MAexp20: | +14.83% | |
| Price / MAexp50: | +7.41% | |
| Price / MAexp100: | -6.06% |
Quotes :
2020-09-18 00:00:00
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End-of-day data
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Australia Stocks
News
The latest news and videos published on BORAL LIMITED. at the time of the analysis were as follows:
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Boral Limited - BOALY; BOALF
- INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Boral Limited and Encourages Investors with Losses to Contact the Firm
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Boral Limited and Encourages Investors with Losses to Contact the Firm
- EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Boral Limited – BOALY, BOALF
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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