KELLY SERVICES INC. - Daily - Technical analysis published on 08/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 25.84 USD
My targets
23.44 USD (-7.35%)
21.49 USD (-15.06%)
My analysis
The strong short-term decline of KELLY SERVICES INC. reinforces the current slightly bearish trend. As long as the price remains below 25.84 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 23.44 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 21.49 USD as an objective. Crossing it would then enable sellers to target 19.37 USD. A return to above 25.84 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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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 KELLY SERVICES INC. price is 25.30 USD. On the day, this instrument lost -3.25% and was traded between 25.23 USD and 26.13 USD over the period. The price is currently at +0.28% from its lowest and -3.18% from its highest.25.23
26.13
25.30
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:
Technical
Technical analysis of KELLY SERVICES INC. in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong 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 price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.37 | 21.49 | 23.44 | 25.30 | 25.84 | 26.84 | 28.20 |
| Change (%) | -23.44% | -15.06% | -7.35% | - | +2.13% | +6.09% | +11.46% |
| Change | -5.93 | -3.81 | -1.86 | - | +0.54 | +1.54 | +2.90 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.63 | 25.35 | 25.75 | 26.48 | 26.88 | 27.60 | 28.00 |
| Camarilla | 25.84 | 25.94 | 26.05 | 26.15 | 26.25 | 26.36 | 26.46 |
| Woodie | 24.46 | 25.27 | 25.59 | 26.40 | 26.71 | 27.52 | 27.84 |
| Fibonacci | 25.35 | 25.78 | 26.05 | 26.48 | 26.91 | 27.17 | 27.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.60 | 25.72 | 26.59 | 27.71 | 28.57 | 29.69 | 30.55 |
| Camarilla | 26.90 | 27.09 | 27.27 | 27.45 | 27.63 | 27.81 | 28.00 |
| Woodie | 24.47 | 25.66 | 26.46 | 27.64 | 28.44 | 29.63 | 30.43 |
| Fibonacci | 25.72 | 26.48 | 26.95 | 27.71 | 28.46 | 28.93 | 29.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.28 | 24.41 | 26.08 | 27.21 | 28.88 | 30.01 | 31.68 |
| Camarilla | 26.98 | 27.24 | 27.49 | 27.75 | 28.01 | 28.26 | 28.52 |
| Woodie | 23.55 | 24.54 | 26.35 | 27.34 | 29.15 | 30.15 | 31.95 |
| Fibonacci | 24.41 | 25.48 | 26.14 | 27.21 | 28.28 | 28.94 | 30.01 |
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): | 36.07 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -12.13 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 26.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.62 | |
| Elder Ray (13): | -1.11 | |
| Super Trend (3,10): | 28.17 | |
| Zig ZAG (10): | 25.30 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 16.02 | |
| TEMA (21): | 26.41 | |
| Williams %R (14): | -98.05 | |
| Chande Momentum Oscillator (20): | -2.23 | |
| Repulse (5,40,3): | -8.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 7.34 |
| MA7: | 26.57 | |
| MA20: | 27.30 | |
| MA50: | 26.49 | |
| MA100: | 25.04 | |
| MAexp7: | 26.42 | |
| MAexp20: | 26.90 | |
| MAexp50: | 26.41 | |
| MAexp100: | 25.47 | |
| Price / MA7: | -4.78% | |
| Price / MA20: | -7.33% | |
| Price / MA50: | -4.49% | |
| Price / MA100: | +1.04% | |
| Price / MAexp7: | -4.24% | |
| Price / MAexp20: | -5.95% | |
| Price / MAexp50: | -4.20% | |
| Price / MAexp100: | -0.67% |
News
The latest news and videos published on KELLY SERVICES INC. at the time of the analysis were as follows:
- Kelly Services® Reports Second Quarter Earnings
- Kelly Services® Announces Planned Retirement of President and CEO George Corona; Board Names EVP Peter Quigley as Successor
- Kelly Services® Announces Second Quarter Conference Call
- Kelly Services® Declares Quarterly Dividend
- Teachers On Call® Names Shorewood Resident as 2019 Wisconsin Substitute Teacher of the Year
This member declared not having a position on this financial instrument or a related financial instrument.
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