Londinia Opportunities Analyses - 06/17/2021 (GMT) DUCK CREEK TECHNOLOGIES INC. - 1H

Type:	Stocks
Ticker:	DCT
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

17%

My opinion

Bullish above 39.77 USD

My targets

40.55 USD (+1.32%)

42.88 USD (+7.15%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DUCK CREEK TECHNOLOGIES INC. as long as the price remains well above 39.77 USD. The buyers' bullish objective is set at 40.55 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 42.88 USD. If there is any crossing, the next objective would be the resistance located at 47.11 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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.

Additional analysis

Quotes

DUCK CREEK TECHNOLOGIES INC. rating 40.02 USD. The price has increased by +1.37% since the last closing and was between 39.07 USD and 41.01 USD. This implies that the price is at +2.43% from its lowest and at -2.41% from its highest.

39.07

41.01

40.02

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DUCK CREEK TECHNOLOGIES INC.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this DUCK CREEK TECHNOLOGIES INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	38.00	39.02	39.77	40.02	40.55	47.11	52.85
Change (%)	-5.05%	-2.50%	-0.62%	-	+1.32%	+17.72%	+32.06%
Change	-2.02	-1.00	-0.25	-	+0.53	+7.09	+12.83
Level	Intermediate	Minor	Minor	-	Major	Intermediate	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	36.89	37.63	38.55	39.29	40.21	40.95	41.87
Camarilla	39.02	39.18	39.33	39.48	39.63	39.78	39.94
Woodie	36.99	37.68	38.65	39.34	40.31	41.00	41.97
Fibonacci	37.63	38.26	38.65	39.29	39.92	40.31	40.95

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.55	37.28	38.66	39.39	40.77	41.50	42.88
Camarilla	39.47	39.66	39.86	40.05	40.24	40.44	40.63
Woodie	36.89	37.44	39.00	39.55	41.11	41.66	43.22
Fibonacci	37.28	38.08	38.58	39.39	40.19	40.69	41.50

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.80	30.36	34.83	38.39	42.86	46.42	50.89
Camarilla	37.10	37.84	38.57	39.31	40.05	40.78	41.52
Woodie	27.27	30.59	35.30	38.62	43.33	46.65	51.36
Fibonacci	30.36	33.42	35.32	38.39	41.45	43.35	46.42

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):	56.15
MACD (12,26,9):	0.1100
Directional Movement:	8.92
AROON (14):	21.42
DEMA (21):	39.90
Parabolic SAR (0,02-0,02-0,2):	38.75
Elder Ray (13):	0.72
Super Trend (3,10):	39.06
Zig ZAG (10):	40.43
VORTEX (21):	0.9900
Stochastique (14,3,5):	83.58
TEMA (21):	39.86
Williams %R (14):	-31.51
Chande Momentum Oscillator (20):	0.80
Repulse (5,40,3):	-0.0600
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	1.94

MA7:	39.53
MA20:	39.26
MA50:	40.15
MA100:	44.33
MAexp7:	39.93
MAexp20:	39.76
MAexp50:	39.59
MAexp100:	39.37
Price / MA7:	+1.24%
Price / MA20:	+1.94%
Price / MA50:	-0.32%
Price / MA100:	-9.72%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.65%
Price / MAexp50:	+1.09%
Price / MAexp100:	+1.65%

Quotes : - 15 min delayed data - Actions NASDAQ

News

Don't forget to follow the news on DUCK CREEK TECHNOLOGIES INC.. At the time of publication of this analysis, the latest news was as follows: