Londinia Opportunities Analyses - 12/01/2023 (GMT) CHESAPEAKE UTILITIES - 1H
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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 94.48 USD
My targets
97.36 USD (+1.82%)
104.74 USD (+9.54%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHESAPEAKE UTILITIES as long as the price remains well above 94.48 USD. The buyers' bullish objective is set at 97.36 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 104.74 USD. If there is any crossing, the next objective would be the resistance located at 111.12 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
CHESAPEAKE UTILITIES rating 95.62 USD. On the day, this instrument gained +0.02% and was between 94.69 USD and 96.14 USD. This implies that the price is at +0.98% from its lowest and at -0.54% from its highest.94.69
96.14
95.62
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CHESAPEAKE UTILITIES were detected by the Central Volumes scanner:
![Central Volumes Central Volumes](/medias/screeners/logo/CentralVolumes.png)
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CHESAPEAKE UTILITIES chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
![Central Candlesticks Central Candlesticks](/medias/screeners/logo/CentralCandlesticks.png)
White morning star
Type : Bullish
Timeframe : 1 hour
Downside Tasuki gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 90.26 | 92.74 | 94.48 | 95.62 | 96.00 | 104.74 | 111.12 |
Change (%) | -5.61% | -3.01% | -1.19% | - | +0.40% | +9.54% | +16.21% |
Change | -5.36 | -2.88 | -1.14 | - | +0.38 | +9.12 | +15.50 |
Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 87.78 | 89.61 | 92.61 | 94.44 | 97.44 | 99.27 | 102.27 |
Camarilla | 94.27 | 94.72 | 95.16 | 95.60 | 96.04 | 96.49 | 96.93 |
Woodie | 88.36 | 89.90 | 93.19 | 94.73 | 98.02 | 99.56 | 102.85 |
Fibonacci | 89.61 | 91.46 | 92.60 | 94.44 | 96.29 | 97.43 | 99.27 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 87.46 | 88.84 | 90.76 | 92.14 | 94.06 | 95.44 | 97.36 |
Camarilla | 91.78 | 92.09 | 92.39 | 92.69 | 92.99 | 93.30 | 93.60 |
Woodie | 87.74 | 88.98 | 91.04 | 92.28 | 94.34 | 95.58 | 97.64 |
Fibonacci | 88.84 | 90.10 | 90.88 | 92.14 | 93.40 | 94.18 | 95.44 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 75.01 | 79.40 | 87.50 | 91.89 | 99.99 | 104.38 | 112.48 |
Camarilla | 92.17 | 93.31 | 94.46 | 95.60 | 96.75 | 97.89 | 99.04 |
Woodie | 76.87 | 80.33 | 89.36 | 92.82 | 101.85 | 105.31 | 114.34 |
Fibonacci | 79.40 | 84.17 | 87.12 | 91.89 | 96.66 | 99.61 | 104.38 |
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): | 63.87 | |
MACD (12,26,9): | 0.8400 | |
Directional Movement: | 12.72 | |
AROON (14): | 28.57 | |
DEMA (21): | 94.93 | |
Parabolic SAR (0,02-0,02-0,2): | 92.69 | |
Elder Ray (13): | 0.98 | |
Super Trend (3,10): | 93.01 | |
Zig ZAG (10): | 95.68 | |
VORTEX (21): | 1.0600 | |
Stochastique (14,3,5): | 83.51 | |
TEMA (21): | 95.54 | |
Williams %R (14): | -7.25 | |
Chande Momentum Oscillator (20): | 3.29 | |
Repulse (5,40,3): | 1.3700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0900 | |
Courbe Coppock: | 5.25 |
MA7: | 93.29 | |
MA20: | 91.83 | |
MA50: | 93.19 | |
MA100: | 103.16 | |
MAexp7: | 95.05 | |
MAexp20: | 93.95 | |
MAexp50: | 92.98 | |
MAexp100: | 92.24 | |
Price / MA7: | +2.50% | |
Price / MA20: | +4.13% | |
Price / MA50: | +2.61% | |
Price / MA100: | -7.31% | |
Price / MAexp7: | +0.60% | |
Price / MAexp20: | +1.78% | |
Price / MAexp50: | +2.84% | |
Price / MAexp100: | +3.66% |
Quotes :
-
15 min delayed data
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Actions NYSE
News
Don't forget to follow the news on CHESAPEAKE UTILITIES. At the time of publication of this analysis, the latest news was as follows:
- Chesapeake Utilities Corporation Completes Acquisition of Florida City Gas
- Chesapeake Utilities Corporation to Present at Sidoti Virtual Investor Conference December 6, 2023
- Chesapeake Utilities Announces Pricing of Public Offering of Common Stock
- Chesapeake Utilities Announces Public Offering of $330 Million of Shares of Common Stock
- CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2023 RESULTS