TOMTOM - Daily - Technical analysis published on 01/28/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 9.062 EUR
My targets
10.235 EUR (+2.54%)
10.660 EUR (+6.80%)
My analysis
The strong short-term increase for TOMTOM reinforces the current slightly bullish trend. As long as the price remains above 9.062 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 10.235 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.660 EUR as an objective. Crossing it would then enable buyers to target 11.540 EUR. A return to 9.062 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.9
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. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TOMTOM price is 9.981 EUR. On the day, this instrument lost -0.03% and was traded between 9.950 EUR and 10.080 EUR over the period. The price is currently at +0.31% from its lowest and -0.98% from its highest.9.950
10.080
9.981
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of TOMTOM indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.223 | 9.062 | 9.860 | 9.981 | 10.235 | 10.660 | 11.540 |
| Change (%) | -17.61% | -9.21% | -1.21% | - | +2.54% | +6.80% | +15.62% |
| Change | -1.758 | -0.919 | -0.121 | - | +0.254 | +0.679 | +1.559 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Major |
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 | 9.930 | 9.611 | 9.797 | 10.011 | 10.197 | 10.411 | 10.597 |
| Camarilla | 10.052 | 10.062 | 10.072 | 10.082 | 10.092 | 10.102 | 10.112 |
| Woodie | 9.917 | 9.992 | 10.027 | 10.102 | 10.137 | 10.212 | 10.247 |
| Fibonacci | 9.998 | 10.040 | 10.066 | 10.108 | 10.150 | 10.176 | 10.218 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.299 | 9.581 | 9.831 | 10.113 | 10.363 | 10.645 | 10.895 |
| Camarilla | 9.936 | 9.985 | 10.033 | 10.082 | 10.131 | 10.180 | 10.228 |
| Woodie | 9.284 | 9.573 | 9.816 | 10.105 | 10.348 | 10.637 | 10.880 |
| Fibonacci | 9.581 | 9.784 | 9.909 | 10.113 | 10.316 | 10.441 | 10.645 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.723 | 8.941 | 9.181 | 9.399 | 9.639 | 9.857 | 10.097 |
| Camarilla | 9.294 | 9.336 | 9.378 | 9.420 | 9.462 | 9.504 | 9.546 |
| Woodie | 8.733 | 8.947 | 9.191 | 9.405 | 9.649 | 9.863 | 10.107 |
| Fibonacci | 8.941 | 9.116 | 9.224 | 9.399 | 9.574 | 9.682 | 9.857 |
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): | 53.65 | |
| MACD (12,26,9): | 0.1190 | |
| Directional Movement: | -2.462 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 10.068 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.490 | |
| Elder Ray (13): | 0.036 | |
| Super Trend (3,10): | 9.392 | |
| Zig ZAG (10): | 9.984 | |
| VORTEX (21): | 1.0620 | |
| Stochastique (14,3,5): | 55.43 | |
| TEMA (21): | 10.172 | |
| Williams %R (14): | -55.60 | |
| Chande Momentum Oscillator (20): | -0.180 | |
| Repulse (5,40,3): | -1.0180 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1820 | |
| Courbe Coppock: | 7.85 |
| MA7: | 10.092 | |
| MA20: | 9.922 | |
| MA50: | 9.699 | |
| MA100: | 10.052 | |
| MAexp7: | 10.039 | |
| MAexp20: | 9.926 | |
| MAexp50: | 9.854 | |
| MAexp100: | 9.855 | |
| Price / MA7: | -1.10% | |
| Price / MA20: | +0.59% | |
| Price / MA50: | +2.91% | |
| Price / MA100: | -0.71% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | +1.29% | |
| Price / MAexp100: | +1.28% |
News
Don"t forget to follow the news on TOMTOM. At the time of publication of this analysis, the latest news was as follows:
- Volkswagen Group Awards Global Deal to TomTom
- Drive, Park, Ride: Moovit and TomTom Align With Microsoft to Introduce World’s First Truly Comprehensive Multi-Modal Trip Planner
- Delphi Technologies collaborates with TomTom on Intelligent Driving
-
Has TomTom Lost its Way with Wearables?
This member declared not having a position on this financial instrument or a related financial instrument.
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