RECORDATI ORD - Daily - Technical analysis published on 09/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 38.18 EUR
My targets
40.60 EUR (+3.89%)
My analysis
The basic trend is bullish on RECORDATI ORD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 38.18 EUR. Sellers would then use the next support located at 36.72 EUR as an objective. Crossing it would then enable sellers to target 34.48 EUR. If there is a return to above the resistance located at 40.60 EUR, this would be a sign of a reversal in the basic bullish trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
2
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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
The RECORDATI ORD price is 39.08 EUR. The price is lower by -2.15% since the last closing and was between 38.71 EUR and 39.75 EUR. This implies that the price is at +0.96% from its lowest and at -1.69% from its highest.38.71
39.75
39.08
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this RECORDATI ORD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 34.48 | 36.72 | 38.18 | 39.08 | 40.60 |
| Change (%) | -11.77% | -6.04% | -2.30% | - | +3.89% |
| Change | -4.60 | -2.36 | -0.90 | - | +1.52 |
| Level | Major | Intermediate | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.01 | 39.37 | 39.58 | 39.94 | 40.15 | 40.51 | 40.72 |
| Camarilla | 39.64 | 39.70 | 39.75 | 39.80 | 39.85 | 39.91 | 39.96 |
| Woodie | 38.95 | 39.33 | 39.52 | 39.90 | 40.09 | 40.47 | 40.66 |
| Fibonacci | 39.37 | 39.58 | 39.72 | 39.94 | 40.15 | 40.29 | 40.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.23 | 36.62 | 37.41 | 38.80 | 39.59 | 40.98 | 41.77 |
| Camarilla | 37.59 | 37.79 | 37.99 | 38.19 | 38.39 | 38.59 | 38.79 |
| Woodie | 34.92 | 36.47 | 37.10 | 38.65 | 39.28 | 40.83 | 41.46 |
| Fibonacci | 36.62 | 37.46 | 37.97 | 38.80 | 39.64 | 40.15 | 40.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.38 | 36.75 | 38.31 | 39.68 | 41.24 | 42.61 | 44.17 |
| Camarilla | 39.05 | 39.32 | 39.59 | 39.86 | 40.13 | 40.40 | 40.67 |
| Woodie | 35.47 | 36.80 | 38.40 | 39.73 | 41.33 | 42.66 | 44.26 |
| Fibonacci | 36.75 | 37.87 | 38.56 | 39.68 | 40.80 | 41.49 | 42.61 |
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): | 54.65 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 8.25 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 39.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.80 | |
| Elder Ray (13): | 0.58 | |
| Super Trend (3,10): | 38.03 | |
| Zig ZAG (10): | 39.94 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 66.51 | |
| TEMA (21): | 39.41 | |
| Williams %R (14): | -27.00 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 3.01 |
| MA7: | 39.40 | |
| MA20: | 39.53 | |
| MA50: | 39.56 | |
| MA100: | 38.25 | |
| MAexp7: | 39.57 | |
| MAexp20: | 39.45 | |
| MAexp50: | 39.17 | |
| MAexp100: | 38.16 | |
| Price / MA7: | -0.81% | |
| Price / MA20: | -1.14% | |
| Price / MA50: | -1.21% | |
| Price / MA100: | +2.17% | |
| Price / MAexp7: | -1.24% | |
| Price / MAexp20: | -0.94% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | +2.41% |
News
Don"t forget to follow the news on RECORDATI ORD. At the time of publication of this analysis, the latest news was as follows:
- Helsinn and Recordati Rare Diseases to announce satellite symposium on advances in Mycosis Fungoides-Cutaneous T cell Lymphoma
- RECORDATI TO MEET WITH THE FINANCIAL COMMUNITY
- RECORDATI: BOARD APPROVES THE 2018 ACCOUNTS. SALES € 1,352.2 MILLION (+5.0%), EBITDA € 499.1 MILLION (+9.8%), OPERATING INCOME € 442.2 MILLION (+8.8%) AND NET INCOME € 312.4 MILLION (+8.2%). 2018 DIVIDEND € 0.92 (+8.2%)
- RECORDATI: PRELIMINARY 2018 RESULTS CONFIRM CONTINUED GROWTH OF SALES AND PROFITABILITY. SALES +5.0%, EBITDA +9.8%, OPERATING INCOME +8.8%, NET INCOME +8.2%
- RECORDATI OBTAINS EXCLUSIVE LICENSE FOR JUXTAPID® IN JAPAN
This member declared not having a position on this financial instrument or a related financial instrument.
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