UNIVAR SOLUTIONS INC. - Daily - Technical analysis published on 12/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
UNIVAR SOLUTIONS INC. Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 24.02 USD
My targets
26.06 USD (+6.86%)
28.69 USD (+17.63%)
My analysis
The bullish trend is currently very strong on UNIVAR SOLUTIONS INC.. As long as the price remains above the support at 24.02 USD, you could try to benefit from the boom. The first bullish objective is located at 26.06 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 28.69 USD as an objective. Crossing it would then enable buyers to target 31.00 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.6
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The UNIVAR SOLUTIONS INC. price is 24.39 USD. On the day, this instrument gained +3.00% and was traded between 23.63 USD and 24.41 USD over the period. The price is currently at +3.22% from its lowest and -0.08% from its highest.23.63
24.41
24.39
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of UNIVAR SOLUTIONS INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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 3
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.97 | 22.72 | 24.02 | 24.39 | 28.69 | 31.00 | 32.81 |
| Change (%) | -18.12% | -6.85% | -1.52% | - | +17.63% | +27.10% | +34.52% |
| Change | -4.42 | -1.67 | -0.37 | - | +4.30 | +6.61 | +8.42 |
| Level | Intermediate | Major | Major | - | Minor | 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 | 23.18 | 23.31 | 23.50 | 23.63 | 23.82 | 23.95 | 24.14 |
| Camarilla | 23.59 | 23.62 | 23.65 | 23.68 | 23.71 | 23.74 | 23.77 |
| Woodie | 23.20 | 23.33 | 23.52 | 23.65 | 23.84 | 23.97 | 24.16 |
| Fibonacci | 23.31 | 23.44 | 23.51 | 23.63 | 23.76 | 23.83 | 23.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.44 | 21.97 | 22.98 | 23.51 | 24.52 | 25.05 | 26.06 |
| Camarilla | 23.56 | 23.70 | 23.84 | 23.98 | 24.12 | 24.26 | 24.40 |
| Woodie | 21.67 | 22.09 | 23.21 | 23.63 | 24.75 | 25.17 | 26.29 |
| Fibonacci | 21.97 | 22.56 | 22.93 | 23.51 | 24.10 | 24.47 | 25.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.94 | 20.24 | 21.85 | 23.15 | 24.76 | 26.06 | 27.67 |
| Camarilla | 22.65 | 22.92 | 23.18 | 23.45 | 23.72 | 23.98 | 24.25 |
| Woodie | 19.09 | 20.32 | 22.00 | 23.23 | 24.91 | 26.14 | 27.82 |
| Fibonacci | 20.24 | 21.36 | 22.04 | 23.15 | 24.27 | 24.95 | 26.06 |
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): | 63.60 | |
| MACD (12,26,9): | 0.3600 | |
| Directional Movement: | 15.93 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 23.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.58 | |
| Elder Ray (13): | 0.46 | |
| Super Trend (3,10): | 22.44 | |
| Zig ZAG (10): | 24.39 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 82.18 | |
| TEMA (21): | 23.82 | |
| Williams %R (14): | -0.79 | |
| Chande Momentum Oscillator (20): | 0.60 | |
| Repulse (5,40,3): | 4.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 4.07 |
| MA7: | 23.63 | |
| MA20: | 23.37 | |
| MA50: | 22.36 | |
| MA100: | 21.43 | |
| MAexp7: | 23.74 | |
| MAexp20: | 23.38 | |
| MAexp50: | 22.65 | |
| MAexp100: | 22.01 | |
| Price / MA7: | +3.22% | |
| Price / MA20: | +4.36% | |
| Price / MA50: | +9.08% | |
| Price / MA100: | +13.81% | |
| Price / MAexp7: | +2.74% | |
| Price / MAexp20: | +4.32% | |
| Price / MAexp50: | +7.68% | |
| Price / MAexp100: | +10.81% |
News
The last news published on UNIVAR SOLUTIONS INC. at the time of the generation of this analysis was as follows:
- Univar Solutions Announces Pledge to the Business Ambition for 1.5°C Campaign
- Univar Solutions to Sell Environmental Sciences Business to AEA Investors
- Carl J. Lukach Named Chicago CFO of the Year
- Univar Solutions Announces Closing of $500 Million Senior Notes and $400 Million Term Loan
- Univar Solutions Signs 10-Year Contract Extension with Boeing South Carolina
This member declared not having a position on this financial instrument or a related financial instrument.
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