SARAS - Daily - Technical analysis published on 01/14/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
50%
6%
44%
My opinion
Neutral between 1.419 EUR and 1.567 EUR
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on SARAS. It is difficult to advise a trading direction under these conditions. The first support is located at 1.419 EUR. The first resistance is located at 1.567 EUR. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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
SARAS rating 1.471 EUR. On the day, this instrument gained +0.41% and was between 1.457 EUR and 1.487 EUR. This implies that the price is at +0.96% from its lowest and at -1.08% from its highest.1.457
1.487
1.471
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of SARAS indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
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 oversold : under -80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
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 horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.242 | 1.314 | 1.419 | 1.471 | 1.474 | 1.651 | 1.703 |
Change (%) | -15.57% | -10.67% | -3.54% | - | +0.20% | +12.24% | +15.77% |
Change | -0.229 | -0.157 | -0.052 | - | +0.003 | +0.180 | +0.232 |
Level | Minor | Major | 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 | 1.387 | 1.397 | 1.410 | 1.420 | 1.433 | 1.443 | 1.456 |
Camarilla | 1.416 | 1.418 | 1.420 | 1.422 | 1.424 | 1.426 | 1.428 |
Woodie | 1.388 | 1.398 | 1.411 | 1.421 | 1.434 | 1.444 | 1.457 |
Fibonacci | 1.397 | 1.406 | 1.412 | 1.420 | 1.429 | 1.435 | 1.443 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.301 | 1.359 | 1.406 | 1.464 | 1.511 | 1.569 | 1.616 |
Camarilla | 1.425 | 1.435 | 1.444 | 1.454 | 1.464 | 1.473 | 1.483 |
Woodie | 1.297 | 1.356 | 1.402 | 1.461 | 1.507 | 1.566 | 1.612 |
Fibonacci | 1.359 | 1.399 | 1.424 | 1.464 | 1.504 | 1.529 | 1.569 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.133 | 1.267 | 1.350 | 1.484 | 1.567 | 1.701 | 1.784 |
Camarilla | 1.374 | 1.394 | 1.414 | 1.434 | 1.454 | 1.474 | 1.494 |
Woodie | 1.109 | 1.254 | 1.326 | 1.471 | 1.543 | 1.688 | 1.760 |
Fibonacci | 1.267 | 1.350 | 1.401 | 1.484 | 1.567 | 1.618 | 1.701 |
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): | 49.25 | |
MACD (12,26,9): | -0.0260 | |
Directional Movement: | 5.418 | |
AROON (14): | 28.572 | |
DEMA (21): | 1.414 | |
Parabolic SAR (0,02-0,02-0,2): | 1.519 | |
Elder Ray (13): | 0.013 | |
Super Trend (3,10): | 1.526 | |
Zig ZAG (10): | 1.465 | |
VORTEX (21): | 0.8980 | |
Stochastique (14,3,5): | 28.38 | |
TEMA (21): | 1.420 | |
Williams %R (14): | -46.28 | |
Chande Momentum Oscillator (20): | 0.033 | |
Repulse (5,40,3): | 1.6210 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.3470 | |
Courbe Coppock: | 0.34 |
MA7: | 1.441 | |
MA20: | 1.436 | |
MA50: | 1.541 | |
MA100: | 1.537 | |
MAexp7: | 1.438 | |
MAexp20: | 1.454 | |
MAexp50: | 1.503 | |
MAexp100: | 1.522 | |
Price / MA7: | +2.08% | |
Price / MA20: | +2.44% | |
Price / MA50: | -4.54% | |
Price / MA100: | -4.29% | |
Price / MAexp7: | +2.29% | |
Price / MAexp20: | +1.17% | |
Price / MAexp50: | -2.13% | |
Price / MAexp100: | -3.35% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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