HEXO CORP. - Daily - Technical analysis published on 12/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
HEXO CORP. Chart
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 2.14 USD
My targets
1.93 USD (-4.60%)
1.59 USD (-21.29%)
My analysis
The bearish basic trend is very strong on HEXO CORP. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 2.14 USD. Crossing the first support at 1.93 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.59 USD as an objective. Caution, a return to above the resistance located at 2.14 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.9
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.
Additional analysis
Quotes
HEXO CORP. rating 2.02 USD. On the day, this instrument gained +4.66% with the lowest point at 1.90 USD and the highest point at 2.09 USD. The deviation from the price is +6.32% for the low point and -3.35% for the high point.1.90
2.09
2.02
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of HEXO CORP. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. 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 oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.59 | 2.02 | 2.32 | 4.01 | 5.95 |
| Change (%) | -21.29% | - | +14.85% | +98.51% | +194.55% |
| Change | -0.43 | - | +0.30 | +1.99 | +3.93 |
| Level | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.67 | 1.80 | 1.86 | 1.99 | 2.05 | 2.18 | 2.24 |
| Camarilla | 1.88 | 1.90 | 1.91 | 1.93 | 1.95 | 1.97 | 1.98 |
| Woodie | 1.65 | 1.78 | 1.84 | 1.97 | 2.03 | 2.16 | 2.22 |
| Fibonacci | 1.80 | 1.87 | 1.91 | 1.99 | 2.06 | 2.10 | 2.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.93 | 2.01 | 2.13 | 2.21 | 2.33 | 2.41 | 2.53 |
| Camarilla | 2.19 | 2.20 | 2.22 | 2.24 | 2.26 | 2.28 | 2.30 |
| Woodie | 1.94 | 2.02 | 2.14 | 2.22 | 2.34 | 2.42 | 2.54 |
| Fibonacci | 2.01 | 2.09 | 2.14 | 2.21 | 2.29 | 2.34 | 2.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.44 | 1.00 | 1.58 | 2.14 | 2.72 | 3.28 | 3.86 |
| Camarilla | 1.84 | 1.95 | 2.05 | 2.16 | 2.26 | 2.36 | 2.47 |
| Woodie | 0.45 | 1.00 | 1.59 | 2.14 | 2.73 | 3.28 | 3.87 |
| Fibonacci | 1.00 | 1.43 | 1.70 | 2.14 | 2.57 | 2.84 | 3.28 |
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): | 43.99 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -5.06 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 2.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.70 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 1.73 | |
| Zig ZAG (10): | 2.02 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 21.71 | |
| TEMA (21): | 2.14 | |
| Williams %R (14): | -67.50 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | -2.5800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3600 | |
| Courbe Coppock: | 0.26 |
| MA7: | 2.13 | |
| MA20: | 2.15 | |
| MA50: | 2.23 | |
| MA100: | 3.22 | |
| MAexp7: | 2.09 | |
| MAexp20: | 2.13 | |
| MAexp50: | 2.45 | |
| MAexp100: | 3.11 | |
| Price / MA7: | -5.16% | |
| Price / MA20: | -6.05% | |
| Price / MA50: | -9.42% | |
| Price / MA100: | -37.27% | |
| Price / MAexp7: | -3.35% | |
| Price / MAexp20: | -5.16% | |
| Price / MAexp50: | -17.55% | |
| Price / MAexp100: | -35.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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