CARVANA CO. CLASS A - Daily - Technical analysis published on 10/31/2019 (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
67%
6%
28%
My opinion
Bullish above 75.23 USD
My targets
84.61 USD (+2.58%)
My analysis
CARVANA CO. CLASS A is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 75.23 USD. The next resistance located at 84.61 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.7
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 Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CARVANA CO. CLASS A price is 82.48 USD. On the day, this instrument lost -2.61% and was traded between 81.36 USD and 84.69 USD over the period. The price is currently at +1.38% from its lowest and -2.61% from its highest.81.36
84.69
82.48
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
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
Technical
Technical analysis of this Daily chart of CARVANA CO. CLASS A indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
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 over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 57.90 | 70.82 | 75.23 | 82.48 | 84.61 |
| Change (%) | -29.80% | -14.14% | -8.79% | - | +2.58% |
| Change | -24.58 | -11.66 | -7.25 | - | +2.13 |
| Level | Major | Major | Intermediate | - | Major |
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 | 79.58 | 81.12 | 82.90 | 84.44 | 86.22 | 87.76 | 89.54 |
| Camarilla | 83.78 | 84.08 | 84.39 | 84.69 | 84.99 | 85.30 | 85.60 |
| Woodie | 79.71 | 81.18 | 83.03 | 84.50 | 86.35 | 87.82 | 89.67 |
| Fibonacci | 81.12 | 82.39 | 83.17 | 84.44 | 85.71 | 86.49 | 87.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.04 | 72.34 | 75.78 | 78.08 | 81.52 | 83.82 | 87.26 |
| Camarilla | 77.65 | 78.18 | 78.70 | 79.23 | 79.76 | 80.28 | 80.81 |
| Woodie | 70.62 | 72.63 | 76.36 | 78.37 | 82.10 | 84.11 | 87.84 |
| Fibonacci | 72.34 | 74.53 | 75.88 | 78.08 | 80.27 | 81.62 | 83.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.24 | 49.82 | 57.91 | 71.49 | 79.58 | 93.16 | 101.25 |
| Camarilla | 60.04 | 62.03 | 64.01 | 66.00 | 67.99 | 69.97 | 71.96 |
| Woodie | 33.50 | 48.45 | 55.17 | 70.12 | 76.84 | 91.79 | 98.51 |
| Fibonacci | 49.82 | 58.10 | 63.21 | 71.49 | 79.77 | 84.88 | 93.16 |
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): | 62.83 | |
| MACD (12,26,9): | 2.4900 | |
| Directional Movement: | 16.30 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 79.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 77.04 | |
| Elder Ray (13): | 4.63 | |
| Super Trend (3,10): | 74.53 | |
| Zig ZAG (10): | 82.48 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 87.73 | |
| TEMA (21): | 81.90 | |
| Williams %R (14): | -22.46 | |
| Chande Momentum Oscillator (20): | 8.13 | |
| Repulse (5,40,3): | 1.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 31.95 |
| MA7: | 80.06 | |
| MA20: | 74.78 | |
| MA50: | 76.24 | |
| MA100: | 71.02 | |
| MAexp7: | 80.65 | |
| MAexp20: | 76.91 | |
| MAexp50: | 74.61 | |
| MAexp100: | 71.15 | |
| Price / MA7: | +3.02% | |
| Price / MA20: | +10.30% | |
| Price / MA50: | +8.18% | |
| Price / MA100: | +16.14% | |
| Price / MAexp7: | +2.27% | |
| Price / MAexp20: | +7.24% | |
| Price / MAexp50: | +10.55% | |
| Price / MAexp100: | +15.92% |
This member declared not having a position on this financial instrument or a related financial instrument.
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