QUDIAN INC. ADS - Daily - Technical analysis published on 06/27/2019 (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
39%
22%
39%
My opinion
Bullish above 6.96 USD
My targets
7.60 USD (+2.98%)
8.31 USD (+12.60%)
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 QUDIAN INC. ADS. As long as you are above the support located at 6.96 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.60 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 8.31 USD as an objective. If the support 6.96 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
QUDIAN INC. ADS rating 7.38 USD. The price registered a decrease of -12.77% on the session and was traded between 7.33 USD and 8.26 USD over the period. The price is currently at +0.68% from its lowest and -10.65% from its highest.7.33
8.26
7.38
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by QUDIAN INC. ADS:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of QUDIAN INC. ADS indicates that the overall trend is bullish. 75% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5.53 | 6.14 | 6.96 | 7.38 | 7.60 | 8.31 |
| Change (%) | -25.07% | -16.80% | -5.69% | - | +2.98% | +12.60% |
| Change | -1.85 | -1.24 | -0.42 | - | +0.22 | +0.93 |
| Level | Minor | Intermediate | Major | - | 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 | 7.87 | 8.11 | 8.28 | 8.52 | 8.69 | 8.93 | 9.10 |
| Camarilla | 8.35 | 8.38 | 8.42 | 8.46 | 8.50 | 8.54 | 8.57 |
| Woodie | 7.84 | 8.09 | 8.26 | 8.50 | 8.66 | 8.91 | 9.07 |
| Fibonacci | 8.11 | 8.26 | 8.36 | 8.52 | 8.67 | 8.77 | 8.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.16 | 6.65 | 7.42 | 7.91 | 8.68 | 9.17 | 9.94 |
| Camarilla | 7.83 | 7.95 | 8.06 | 8.18 | 8.30 | 8.41 | 8.53 |
| Woodie | 6.29 | 6.72 | 7.55 | 7.98 | 8.81 | 9.24 | 10.07 |
| Fibonacci | 6.65 | 7.13 | 7.43 | 7.91 | 8.39 | 8.69 | 9.17 |
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): | 48.69 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 5.44 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 8.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.15 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 7.25 | |
| Zig ZAG (10): | 7.38 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 60.08 | |
| TEMA (21): | 8.09 | |
| Williams %R (14): | -74.06 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | -14.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4800 | |
| Courbe Coppock: | 26.77 |
| MA7: | 8.05 | |
| MA20: | 7.48 | |
| MA50: | 7.21 | |
| MA100: | 6.32 | |
| MAexp7: | 7.95 | |
| MAexp20: | 7.62 | |
| MAexp50: | 7.12 | |
| MAexp100: | 6.61 | |
| Price / MA7: | -8.32% | |
| Price / MA20: | -1.34% | |
| Price / MA50: | +2.36% | |
| Price / MA100: | +16.77% | |
| Price / MAexp7: | -7.17% | |
| Price / MAexp20: | -3.15% | |
| Price / MAexp50: | +3.65% | |
| Price / MAexp100: | +11.65% |
This member declared not having a position on this financial instrument or a related financial instrument.
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