AMERICA MOVIL S.A.B. DE C.V. ADS EACH - Daily - Technical analysis published on 09/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 14.62 USD
My targets
15.38 USD (+2.74%)
15.89 USD (+6.15%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AMERICA MOVIL S.A.B. DE C.V. ADR SERIES as long as the price remains well above 14.62 USD. The buyers” bullish objective is set at 15.38 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.89 USD. If there is any crossing, the next objective would be the resistance located at 16.23 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.5
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMERICA MOVIL S.A.B. DE C.V. ADR SERIES rating is 14.97 USD. On the day, this instrument lost -1.25% and was between 14.96 USD and 15.24 USD. This implies that the price is at +0.07% from its lowest and at -1.77% from its highest.14.96
15.24
14.97
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 AMERICA MOVIL S.A.B. DE C.V. ADR SERIES in Daily shows a strongly overall bullish trend. 85.71% 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 market scanner is currently detecting a bullish signal 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, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.77 | 14.08 | 14.62 | 14.97 | 15.38 | 15.89 | 16.23 |
| Change (%) | -8.02% | -5.95% | -2.34% | - | +2.74% | +6.15% | +8.42% |
| Change | -1.20 | -0.89 | -0.35 | - | +0.41 | +0.92 | +1.26 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 14.85 | 14.94 | 15.05 | 15.14 | 15.25 | 15.34 | 15.45 |
| Camarilla | 15.11 | 15.12 | 15.14 | 15.16 | 15.18 | 15.20 | 15.22 |
| Woodie | 14.86 | 14.95 | 15.06 | 15.15 | 15.26 | 15.35 | 15.46 |
| Fibonacci | 14.94 | 15.02 | 15.06 | 15.14 | 15.22 | 15.26 | 15.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.80 | 14.10 | 14.63 | 14.93 | 15.46 | 15.76 | 16.29 |
| Camarilla | 14.93 | 15.01 | 15.08 | 15.16 | 15.24 | 15.31 | 15.39 |
| Woodie | 13.92 | 14.16 | 14.75 | 14.99 | 15.58 | 15.82 | 16.41 |
| Fibonacci | 14.10 | 14.42 | 14.61 | 14.93 | 15.25 | 15.44 | 15.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.78 | 12.35 | 13.49 | 14.06 | 15.20 | 15.77 | 16.91 |
| Camarilla | 14.15 | 14.31 | 14.46 | 14.62 | 14.78 | 14.93 | 15.09 |
| Woodie | 12.06 | 12.49 | 13.77 | 14.20 | 15.48 | 15.91 | 17.19 |
| Fibonacci | 12.35 | 13.01 | 13.41 | 14.06 | 14.72 | 15.12 | 15.77 |
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): | 60.44 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 12.67 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 14.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.62 | |
| Elder Ray (13): | 0.35 | |
| Super Trend (3,10): | 14.07 | |
| Zig ZAG (10): | 14.97 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 86.30 | |
| TEMA (21): | 15.18 | |
| Williams %R (14): | -26.21 | |
| Chande Momentum Oscillator (20): | 0.47 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 11.34 |
| MA7: | 14.95 | |
| MA20: | 14.51 | |
| MA50: | 14.22 | |
| MA100: | 14.30 | |
| MAexp7: | 14.93 | |
| MAexp20: | 14.58 | |
| MAexp50: | 14.35 | |
| MAexp100: | 14.38 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +3.17% | |
| Price / MA50: | +5.27% | |
| Price / MA100: | +4.69% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +2.67% | |
| Price / MAexp50: | +4.32% | |
| Price / MAexp100: | +4.10% |
This member declared not having a position on this financial instrument or a related financial instrument.
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