HIKMA PHARMACEUTICALS ORD SHS 10P - Daily - Technical analysis published on 10/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
11%
67%
22%
My opinion
Bearish under 2,025.0 GBX
My targets
1,911.0 GBX (-2.30%)
1,836.3 GBX (-6.12%)
My analysis
The current short-term bearish acceleration registered on HIKMA PHARMACEUTICALS ORD SHS 10P should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 2,025.0 GBX. Short-term sellers will use the support located at 1,911.0 GBX as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 1,836.3 GBX. Crossing this support would then open the door for sellers to target 1,768.5 GBX. Caution, if there is a return to below 2,025.0 GBX, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
2.9
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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 HIKMA PHARMACEUTICALS ORD SHS 10P rating is 1,956.0 GBX. The price registered a decrease of -0.46% on the session and was traded between 1,949.0 GBX and 1,991.0 GBX over the period. The price is currently at +0.36% from its lowest and -1.76% from its highest.1,949.0
1,991.0
1,956.0
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of HIKMA PHARMACEUTICALS ORD SHS 10P in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,768.5 | 1,836.3 | 1,911.0 | 1,956.0 | 2,025.0 | 2,200.0 | 2,297.0 |
Change (%) | -9.59% | -6.12% | -2.30% | - | +3.53% | +12.47% | +17.43% |
Change | -187.5 | -119.7 | -45.0 | - | +69.0 | +244.0 | +341.0 |
Level | Major | Major | Minor | - | Major | Major | Intermediate |
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 | 1,913.5 | 1,929.0 | 1,947.0 | 1,962.5 | 1,980.5 | 1,996.0 | 2,014.0 |
Camarilla | 1,955.8 | 1,958.9 | 1,961.9 | 1,965.0 | 1,968.1 | 1,971.1 | 1,974.2 |
Woodie | 1,914.8 | 1,929.6 | 1,948.3 | 1,963.1 | 1,981.8 | 1,996.6 | 2,015.3 |
Fibonacci | 1,929.0 | 1,941.8 | 1,949.7 | 1,962.5 | 1,975.3 | 1,983.2 | 1,996.0 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,908.8 | 1,947.7 | 1,970.3 | 2,009.2 | 2,031.8 | 2,070.7 | 2,093.3 |
Camarilla | 1,976.1 | 1,981.7 | 1,987.4 | 1,993.0 | 1,998.6 | 2,004.3 | 2,009.9 |
Woodie | 1,900.8 | 1,943.6 | 1,962.3 | 2,005.1 | 2,023.8 | 2,066.6 | 2,085.3 |
Fibonacci | 1,947.7 | 1,971.2 | 1,985.7 | 2,009.2 | 2,032.7 | 2,047.2 | 2,070.7 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,647.3 | 1,762.7 | 1,981.3 | 2,096.7 | 2,315.3 | 2,430.7 | 2,649.3 |
Camarilla | 2,108.2 | 2,138.8 | 2,169.4 | 2,200.0 | 2,230.6 | 2,261.2 | 2,291.9 |
Woodie | 1,699.0 | 1,788.5 | 2,033.0 | 2,122.5 | 2,367.0 | 2,456.5 | 2,701.0 |
Fibonacci | 1,762.7 | 1,890.3 | 1,969.1 | 2,096.7 | 2,224.3 | 2,303.1 | 2,430.7 |
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): | 36.40 | |
MACD (12,26,9): | -18.0000 | |
Directional Movement: | -8.1 | |
AROON (14): | -71.5 | |
DEMA (21): | 2,007.6 | |
Parabolic SAR (0,02-0,02-0,2): | 2,055.4 | |
Elder Ray (13): | -39.1 | |
Super Trend (3,10): | 2,089.7 | |
Zig ZAG (10): | 1,962.0 | |
VORTEX (21): | 0.8000 | |
Stochastique (14,3,5): | 9.30 | |
TEMA (21): | 1,969.6 | |
Williams %R (14): | -88.90 | |
Chande Momentum Oscillator (20): | -129.5 | |
Repulse (5,40,3): | -2.0000 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 12.00 |
MA7: | 1,986.9 | |
MA20: | 2,056.6 | |
MA50: | 2,031.1 | |
MA100: | 1,901.9 | |
MAexp7: | 1,986.1 | |
MAexp20: | 2,021.2 | |
MAexp50: | 2,001.6 | |
MAexp100: | 1,933.6 | |
Price / MA7: | -1.56% | |
Price / MA20: | -4.89% | |
Price / MA50: | -3.70% | |
Price / MA100: | +2.84% | |
Price / MAexp7: | -1.52% | |
Price / MAexp20: | -3.23% | |
Price / MAexp50: | -2.28% | |
Price / MAexp100: | +1.16% |
News
The latest news and videos published on HIKMA PHARMACEUTICALS ORD SHS 10P at the time of the analysis were as follows:
- Jazz Pharmaceuticals Reaches Settlement with Hikma Pharmaceuticals Related to Xyrem Patent Litigation
- Hikma Pharmaceuticals
- Hikma Pharmaceuticals
- Hikma Pharmaceuticals
- Hikma Pharmaceuticals
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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