TWIST BIOSCIENCE - Daily - Technical analysis published on 08/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
67%
17%
My opinion
Bearish under 31.08 USD
My targets
27.58 USD (-2.61%)
21.73 USD (-23.27%)
My analysis
The strong short-term decline in TWIST BIOSCIENCE calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 31.08 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 27.58 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 21.73 USD as an objective. Crossing it would then enable sellers to target 19.95 USD. Be careful, a return to above 31.08 USD could jeopardize the reversal.
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:
Additional analysis
Quotes
TWIST BIOSCIENCE rating 28.32 USD. On the day, this instrument gained +0.43% and was traded between 27.14 USD and 28.75 USD over the period. The price is currently at +4.35% from its lowest and -1.50% from its highest.27.14
28.75
28.32
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of TWIST BIOSCIENCE indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 19.95 | 21.73 | 27.58 | 28.32 | 31.08 | 33.99 |
| Change (%) | -29.56% | -23.27% | -2.61% | - | +9.75% | +20.02% |
| Change | -8.37 | -6.59 | -0.74 | - | +2.76 | +5.67 |
| Level | Minor | Major | Major | - | Minor | Major |
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 | 26.22 | 26.75 | 27.48 | 28.01 | 28.74 | 29.27 | 30.00 |
| Camarilla | 27.85 | 27.97 | 28.09 | 28.20 | 28.32 | 28.43 | 28.55 |
| Woodie | 26.31 | 26.80 | 27.57 | 28.06 | 28.83 | 29.32 | 30.09 |
| Fibonacci | 26.75 | 27.24 | 27.53 | 28.01 | 28.50 | 28.79 | 29.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.64 | 25.28 | 26.68 | 29.32 | 30.72 | 33.36 | 34.76 |
| Camarilla | 26.96 | 27.33 | 27.70 | 28.07 | 28.44 | 28.81 | 29.18 |
| Woodie | 22.01 | 24.97 | 26.05 | 29.01 | 30.09 | 33.05 | 34.13 |
| Fibonacci | 25.28 | 26.83 | 27.78 | 29.32 | 30.87 | 31.82 | 33.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.56 | 23.29 | 28.50 | 32.23 | 37.44 | 41.17 | 46.38 |
| Camarilla | 31.26 | 32.08 | 32.90 | 33.72 | 34.54 | 35.36 | 36.18 |
| Woodie | 20.31 | 23.66 | 29.25 | 32.60 | 38.19 | 41.54 | 47.13 |
| Fibonacci | 23.29 | 26.70 | 28.81 | 32.23 | 35.64 | 37.75 | 41.17 |
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): | 43.24 | |
| MACD (12,26,9): | -0.3200 | |
| Directional Movement: | -8.09 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 29.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.88 | |
| Elder Ray (13): | -1.26 | |
| Super Trend (3,10): | 32.95 | |
| Zig ZAG (10): | 28.24 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 24.79 | |
| TEMA (21): | 28.50 | |
| Williams %R (14): | -74.04 | |
| Chande Momentum Oscillator (20): | -0.89 | |
| Repulse (5,40,3): | -1.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 5.38 |
| MA7: | 29.30 | |
| MA20: | 29.55 | |
| MA50: | 29.67 | |
| MA100: | 27.88 | |
| MAexp7: | 28.86 | |
| MAexp20: | 29.41 | |
| MAexp50: | 29.06 | |
| MAexp100: | 27.68 | |
| Price / MA7: | -3.34% | |
| Price / MA20: | -4.16% | |
| Price / MA50: | -4.55% | |
| Price / MA100: | +1.58% | |
| Price / MAexp7: | -1.87% | |
| Price / MAexp20: | -3.71% | |
| Price / MAexp50: | -2.55% | |
| Price / MAexp100: | +2.31% |
This member declared not having a position on this financial instrument or a related financial instrument.
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