Londinia Opportunities Analyses - 09/23/2022 (GMT) SIERRA WIRELESS INC. - 1H

SIERRA WIRELESS INC.
Type: Stocks
Ticker: SWIR
ISIN: CA8265161064

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • U.S. Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 30.70 USD
My targets
30.51 USD (-0.46%)
30.43 USD (-0.73%)
My analysis
The bearish trend is currently very strong for SIERRA WIRELESS INC.. As long as the price remains below the resistance at 30.70 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 30.51 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 30.43 USD as an objective. Crossing it would then enable sellers to target 27.86 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5

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Additional analysis

Quotes

SIERRA WIRELESS INC. rating 30.65 USD. The price is lower by -0.10% since the last closing and was traded between 30.63 USD and 30.78 USD over the period. The price is currently at +0.07% from its lowest and -0.42% from its highest.

30.63
30.78
30.65

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of SIERRA WIRELESS INC. in 1H 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.

In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1R1PriceR2R3
ProTrendLines 27.86 30.51 30.56 30.65 30.65 30.70 30.84
Change (%) -9.10% -0.46% -0.29% 0% - +0.16% +0.62%
Change -2.79 -0.14 -0.09 0 - +0.05 +0.19
Level Minor Intermediate Minor Intermediate - Minor Major



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
Standard30.6130.6330.6630.6830.7130.7330.76
Camarilla30.6730.6730.6830.6830.6930.6930.69
Woodie30.6130.6330.6630.6830.7130.7330.76
Fibonacci30.6330.6530.6630.6830.7030.7130.73


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard30.4330.5330.6430.7430.8530.9531.06
Camarilla30.6830.7030.7230.7430.7630.7830.80
Woodie30.4330.5330.6430.7430.8530.9531.06
Fibonacci30.5330.6130.6630.7430.8230.8730.95


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.9422.1926.4828.7333.0235.2739.56
Camarilla28.9829.5830.1830.7831.3831.9832.58
Woodie20.9722.7027.5129.2434.0535.7840.59
Fibonacci22.1924.6926.2328.7331.2332.7735.27

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): 37.06
MACD (12,26,9): -0.0200
Directional Movement: -3.51
AROON (14): -21.42
DEMA (21): 30.66
Parabolic SAR (0,02-0,02-0,2): 30.77
Elder Ray (13): -0.04
Super Trend (3,10): 30.75
Zig ZAG (10): 30.65
VORTEX (21): 0.8700
Stochastique (14,3,5): 10.00
TEMA (21): 30.65
Williams %R (14): -90.00
Chande Momentum Oscillator (20): -0.02
Repulse (5,40,3): 0.0100
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.36
MA7: 30.71
MA20: 30.77
MA50: 29.32
MA100: 25.56
MAexp7: 30.66
MAexp20: 30.69
MAexp50: 30.72
MAexp100: 30.75
Price / MA7: -0.20%
Price / MA20: -0.39%
Price / MA50: +4.54%
Price / MA100: +19.91%
Price / MAexp7: -0.03%
Price / MAexp20: -0.13%
Price / MAexp50: -0.23%
Price / MAexp100: -0.33%

Quotes : - 15 min delayed data - Actions NASDAQ