BLOOM ENERGY CORP. - Daily - Technical analysis published on 12/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
50%
28%
22%
My opinion
Bullish above 5.54 USD
My targets
6.56 USD (+3.96%)
8.06 USD (+27.65%)
My analysis
A bullish trend on BLOOM ENERGY CORP. both in substance and in the short term. A purchase could be considered as long as the price remains above 5.54 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 6.56 USD. Then the price could move towards 8.06 USD. Then 10.11 USD by extension. Be careful, a return below 5.54 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.3
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
BLOOM ENERGY CORP. rating 6.31 USD. The price is lower by -12.73% since the last closing and was between 6.15 USD and 7.19 USD. This implies that the price is at +2.60% from its lowest and at -12.24% from its highest.6.15
7.19
6.31
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in Daily of this BLOOM ENERGY CORP. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 4 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
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 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 2.67 | 4.18 | 5.19 | 6.31 | 6.56 | 10.11 | 13.05 |
| Change (%) | -57.69% | -33.76% | -17.75% | - | +3.96% | +60.22% | +106.81% |
| Change | -3.64 | -2.13 | -1.12 | - | +0.25 | +3.80 | +6.74 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | 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 | 6.14 | 6.36 | 6.80 | 7.02 | 7.46 | 7.68 | 8.12 |
| Camarilla | 7.05 | 7.11 | 7.17 | 7.23 | 7.29 | 7.35 | 7.41 |
| Woodie | 6.24 | 6.42 | 6.90 | 7.08 | 7.56 | 7.74 | 8.22 |
| Fibonacci | 6.36 | 6.62 | 6.77 | 7.02 | 7.28 | 7.43 | 7.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.95 | 4.54 | 5.66 | 6.25 | 7.37 | 7.95 | 9.07 |
| Camarilla | 6.31 | 6.47 | 6.62 | 6.78 | 6.94 | 7.09 | 7.25 |
| Woodie | 4.22 | 4.67 | 5.93 | 6.38 | 7.63 | 8.09 | 9.34 |
| Fibonacci | 4.54 | 5.19 | 5.59 | 6.25 | 6.90 | 7.30 | 7.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.03 | 1.50 | 4.01 | 5.54 | 8.06 | 9.58 | 12.10 |
| Camarilla | 5.42 | 5.79 | 6.16 | 6.53 | 6.90 | 7.27 | 7.64 |
| Woodie | 0.47 | 1.74 | 4.51 | 5.79 | 8.55 | 9.83 | 12.59 |
| Fibonacci | 1.50 | 3.04 | 3.99 | 5.54 | 7.08 | 8.04 | 9.58 |
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): | 55.76 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 15.52 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 6.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.56 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 5.40 | |
| Zig ZAG (10): | 6.31 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 78.62 | |
| TEMA (21): | 6.64 | |
| Williams %R (14): | -44.24 | |
| Chande Momentum Oscillator (20): | 0.33 | |
| Repulse (5,40,3): | -5.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.1500 | |
| Courbe Coppock: | 6.63 |
| MA7: | 6.50 | |
| MA20: | 6.12 | |
| MA50: | 4.82 | |
| MA100: | 4.94 | |
| MAexp7: | 6.46 | |
| MAexp20: | 6.05 | |
| MAexp50: | 5.47 | |
| MAexp100: | 5.97 | |
| Price / MA7: | -2.92% | |
| Price / MA20: | +3.10% | |
| Price / MA50: | +30.91% | |
| Price / MA100: | +27.73% | |
| Price / MAexp7: | -2.32% | |
| Price / MAexp20: | +4.30% | |
| Price / MAexp50: | +15.36% | |
| Price / MAexp100: | +5.70% |
This member declared not having a position on this financial instrument or a related financial instrument.
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