ICL GROUP - 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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
22%
50%
My opinion
Bearish under 5.00 USD
My targets
4.45 USD (-5.32%)
4.29 USD (-8.72%)
My analysis
The bearish trend is currently very strong for ISRAEL CHEMICALS. As long as the price remains below the resistance at 5.00 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.45 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.29 USD as an objective. Crossing it would then enable sellers to target 3.87 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.9
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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
ISRAEL CHEMICALS rating 4.70 USD. On the day, this instrument lost -0.42% and was traded between 4.66 USD and 4.71 USD over the period. The price is currently at +0.86% from its lowest and -0.21% from its highest.4.66
4.71
4.70
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 ISRAEL CHEMICALS in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.87 | 4.29 | 4.45 | 4.70 | 5.00 | 5.44 | 5.72 |
| Change (%) | -17.66% | -8.72% | -5.32% | - | +6.38% | +15.74% | +21.70% |
| Change | -0.83 | -0.41 | -0.25 | - | +0.30 | +0.74 | +1.02 |
| Level | Major | Minor | Major | - | Major | Major | Minor |
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 | 4.60 | 4.63 | 4.67 | 4.71 | 4.75 | 4.79 | 4.83 |
| Camarilla | 4.70 | 4.71 | 4.71 | 4.72 | 4.73 | 4.73 | 4.74 |
| Woodie | 4.60 | 4.63 | 4.68 | 4.71 | 4.76 | 4.79 | 4.84 |
| Fibonacci | 4.63 | 4.66 | 4.68 | 4.71 | 4.74 | 4.76 | 4.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.34 | 4.41 | 4.54 | 4.61 | 4.74 | 4.81 | 4.94 |
| Camarilla | 4.61 | 4.62 | 4.64 | 4.66 | 4.68 | 4.70 | 4.72 |
| Woodie | 4.36 | 4.43 | 4.56 | 4.63 | 4.76 | 4.83 | 4.96 |
| Fibonacci | 4.41 | 4.49 | 4.54 | 4.61 | 4.69 | 4.74 | 4.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.13 | 4.30 | 4.66 | 4.83 | 5.19 | 5.36 | 5.72 |
| Camarilla | 4.86 | 4.91 | 4.96 | 5.01 | 5.06 | 5.11 | 5.16 |
| Woodie | 4.22 | 4.35 | 4.75 | 4.88 | 5.28 | 5.41 | 5.81 |
| Fibonacci | 4.30 | 4.51 | 4.63 | 4.83 | 5.04 | 5.16 | 5.36 |
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): | 47.44 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -2.43 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 4.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.76 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 4.85 | |
| Zig ZAG (10): | 4.71 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 40.74 | |
| TEMA (21): | 4.66 | |
| Williams %R (14): | -59.26 | |
| Chande Momentum Oscillator (20): | -0.27 | |
| Repulse (5,40,3): | 2.7100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 9.68 |
| MA7: | 4.66 | |
| MA20: | 4.76 | |
| MA50: | 4.79 | |
| MA100: | 4.99 | |
| MAexp7: | 4.69 | |
| MAexp20: | 4.72 | |
| MAexp50: | 4.82 | |
| MAexp100: | 4.97 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | -1.26% | |
| Price / MA50: | -1.88% | |
| Price / MA100: | -5.81% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | -2.49% | |
| Price / MAexp100: | -5.43% |
News
The last news published on ISRAEL CHEMICALS at the time of the generation of this analysis was as follows:
- ICL to Expand its Presence in the Plant-based Meat-alternatives Market
- ICL to Increase Its Bromine Compounds Capacity Following Strategic Agreements Signed With Customers in Asia
- /C O R R E C T I O N -- ICL/
- ICL Innovates With Amazon Web Services to Deliver Digital Services to Agriculture Professionals
- ICL to Present at Upcoming Conferences in September
This member declared not having a position on this financial instrument or a related financial instrument.
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