ROGERS COMMUNICATION INC. - Daily - Technical analysis published on 10/15/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 48.96 USD
My targets
43.68 USD (-8.70%)
40.45 USD (-15.45%)
My analysis
ROGERS COMMUNICATION INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 48.96 USD. The next support located at 43.68 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 40.45 USD. Below this support, sellers could then target 37.36 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.3
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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
The ROGERS COMMUNICATION INC. price is 47.84 USD. The price is lower by -0.79% since the last closing and was traded between 47.78 USD and 48.33 USD over the period. The price is currently at +0.13% from its lowest and -1.01% from its highest.47.78
48.33
47.84
Here is a more detailed summary of the historical variations registered by ROGERS COMMUNICATION INC.:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ROGERS COMMUNICATION INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 37.36 | 40.45 | 43.68 | 47.84 | 48.96 | 50.95 | 51.60 |
| Change (%) | -21.91% | -15.45% | -8.70% | - | +2.34% | +6.50% | +7.86% |
| Change | -10.48 | -7.39 | -4.16 | - | +1.12 | +3.11 | +3.76 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.44 | 47.79 | 48.01 | 48.36 | 48.58 | 48.93 | 49.15 |
| Camarilla | 48.06 | 48.12 | 48.17 | 48.22 | 48.27 | 48.32 | 48.38 |
| Woodie | 47.37 | 47.76 | 47.94 | 48.33 | 48.51 | 48.90 | 49.08 |
| Fibonacci | 47.79 | 48.01 | 48.15 | 48.36 | 48.58 | 48.72 | 48.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.23 | 46.93 | 47.57 | 48.27 | 48.91 | 49.61 | 50.25 |
| Camarilla | 47.85 | 47.97 | 48.10 | 48.22 | 48.34 | 48.47 | 48.59 |
| Woodie | 46.21 | 46.92 | 47.55 | 48.26 | 48.89 | 49.60 | 50.23 |
| Fibonacci | 46.93 | 47.44 | 47.76 | 48.27 | 48.78 | 49.10 | 49.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.73 | 46.54 | 47.63 | 49.44 | 50.54 | 52.35 | 53.44 |
| Camarilla | 47.93 | 48.20 | 48.46 | 48.73 | 49.00 | 49.26 | 49.53 |
| Woodie | 44.37 | 46.36 | 47.28 | 49.26 | 50.18 | 52.17 | 53.09 |
| Fibonacci | 46.54 | 47.65 | 48.33 | 49.44 | 50.55 | 51.24 | 52.35 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 33.66 | |
| MACD (12,26,9): | -0.6100 | |
| Directional Movement: | -14.64 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 48.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 49.17 | |
| Elder Ray (13): | -0.50 | |
| Super Trend (3,10): | 49.78 | |
| Zig ZAG (10): | 47.84 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 12.18 | |
| TEMA (21): | 47.89 | |
| Williams %R (14): | -92.36 | |
| Chande Momentum Oscillator (20): | -2.04 | |
| Repulse (5,40,3): | -2.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 7.92 |
| MA7: | 48.16 | |
| MA20: | 49.17 | |
| MA50: | 49.77 | |
| MA100: | 51.20 | |
| MAexp7: | 48.19 | |
| MAexp20: | 48.88 | |
| MAexp50: | 49.78 | |
| MAexp100: | 50.55 | |
| Price / MA7: | -0.66% | |
| Price / MA20: | -2.70% | |
| Price / MA50: | -3.88% | |
| Price / MA100: | -6.56% | |
| Price / MAexp7: | -0.73% | |
| Price / MAexp20: | -2.13% | |
| Price / MAexp50: | -3.90% | |
| Price / MAexp100: | -5.36% |
News
The last news published on ROGERS COMMUNICATION INC. at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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