THE SIMPLY GOOD FOODS CO. - Daily - Technical analysis published on 08/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 23.09 USD
My targets
27.63 USD (+5.90%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on THE SIMPLY GOOD FOODS CO.. As long as you are above the support located at 23.09 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 27.63 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 23.09 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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 SIMPLY GOOD FOODS CO. rating 26.09 USD. On the day, this instrument lost -1.66% and was traded between 25.75 USD and 26.31 USD over the period. The price is currently at +1.32% from its lowest and -0.84% from its highest.25.75
26.31
26.09
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by THE SIMPLY GOOD FOODS CO.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of THE SIMPLY GOOD FOODS CO. in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently bearish. 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
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 19.46 | 20.47 | 23.09 | 26.09 | 27.63 |
| Change (%) | -25.41% | -21.54% | -11.50% | - | +5.90% |
| Change | -6.63 | -5.62 | -3.00 | - | +1.54 |
| Level | Intermediate | Intermediate | Major | - | 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 | 26.05 | 26.20 | 26.37 | 26.52 | 26.69 | 26.84 | 27.01 |
| Camarilla | 26.44 | 26.47 | 26.50 | 26.53 | 26.56 | 26.59 | 26.62 |
| Woodie | 26.05 | 26.21 | 26.37 | 26.53 | 26.69 | 26.85 | 27.01 |
| Fibonacci | 26.20 | 26.33 | 26.40 | 26.52 | 26.65 | 26.72 | 26.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.07 | 25.22 | 25.87 | 27.02 | 27.67 | 28.82 | 29.47 |
| Camarilla | 26.04 | 26.20 | 26.37 | 26.53 | 26.70 | 26.86 | 27.03 |
| Woodie | 23.83 | 25.10 | 25.63 | 26.90 | 27.43 | 28.70 | 29.23 |
| Fibonacci | 25.22 | 25.90 | 26.33 | 27.02 | 27.70 | 28.13 | 28.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.50 | 22.22 | 24.72 | 26.44 | 28.95 | 30.67 | 33.17 |
| Camarilla | 26.07 | 26.46 | 26.84 | 27.23 | 27.62 | 28.01 | 28.39 |
| Woodie | 20.89 | 22.41 | 25.12 | 26.64 | 29.34 | 30.86 | 33.57 |
| Fibonacci | 22.22 | 23.83 | 24.83 | 26.44 | 28.06 | 29.05 | 30.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.34 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 5.47 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 27.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.09 | |
| Elder Ray (13): | -0.78 | |
| Super Trend (3,10): | 25.51 | |
| Zig ZAG (10): | 26.00 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 12.69 | |
| TEMA (21): | 27.07 | |
| Williams %R (14): | -85.48 | |
| Chande Momentum Oscillator (20): | -1.20 | |
| Repulse (5,40,3): | -2.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4100 | |
| Courbe Coppock: | 1.35 |
| MA7: | 26.98 | |
| MA20: | 27.11 | |
| MA50: | 25.06 | |
| MA100: | 23.46 | |
| MAexp7: | 26.78 | |
| MAexp20: | 26.72 | |
| MAexp50: | 25.46 | |
| MAexp100: | 23.92 | |
| Price / MA7: | -3.30% | |
| Price / MA20: | -3.76% | |
| Price / MA50: | +4.11% | |
| Price / MA100: | +11.21% | |
| Price / MAexp7: | -2.58% | |
| Price / MAexp20: | -2.36% | |
| Price / MAexp50: | +2.47% | |
| Price / MAexp100: | +9.07% |
This member declared not having a position on this financial instrument or a related financial instrument.
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