SIGNIFY NV - Daily - Technical analysis published on 09/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 25.86 EUR
My targets
25.11 EUR (-1.14%)
23.56 EUR (-7.24%)
My analysis
The strong short-term decline of SIGNIFY NV reinforces the current slightly bearish trend. As long as the price remains below 25.86 EUR, you could take advantage of this bearish acceleration. The first bearish objective is located at 25.11 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 23.56 EUR as an objective. Crossing it would then enable sellers to target 22.77 EUR. A return to above 25.86 EUR would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a 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
2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SIGNIFY NV rating 25.40 EUR. The price registered an increase of +1.80% on the session with the lowest point at 24.97 EUR and the highest point at 25.41 EUR. The deviation from the price is +1.72% for the low point and -0.04% for the high point.24.97
25.41
25.40
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SIGNIFY NV in Daily shows an overall slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
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 | 22.77 | 23.56 | 25.11 | 25.40 | 25.86 | 27.65 | 30.32 |
| Change (%) | -10.35% | -7.24% | -1.14% | - | +1.81% | +8.86% | +19.37% |
| Change | -2.63 | -1.84 | -0.29 | - | +0.46 | +2.25 | +4.92 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.80 | 24.04 | 24.50 | 24.74 | 25.20 | 25.44 | 25.90 |
| Camarilla | 24.76 | 24.82 | 24.89 | 24.95 | 25.01 | 25.08 | 25.14 |
| Woodie | 23.90 | 24.10 | 24.60 | 24.80 | 25.30 | 25.50 | 26.00 |
| Fibonacci | 24.04 | 24.31 | 24.48 | 24.74 | 25.01 | 25.18 | 25.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.17 | 22.97 | 23.96 | 24.76 | 25.75 | 26.55 | 27.54 |
| Camarilla | 24.46 | 24.62 | 24.79 | 24.95 | 25.11 | 25.28 | 25.44 |
| Woodie | 22.27 | 23.02 | 24.06 | 24.81 | 25.85 | 26.60 | 27.64 |
| Fibonacci | 22.97 | 23.65 | 24.08 | 24.76 | 25.44 | 25.87 | 26.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.80 | 22.84 | 24.73 | 25.77 | 27.66 | 28.70 | 30.59 |
| Camarilla | 25.80 | 26.07 | 26.34 | 26.61 | 26.88 | 27.15 | 27.42 |
| Woodie | 22.22 | 23.05 | 25.15 | 25.98 | 28.08 | 28.91 | 31.01 |
| Fibonacci | 22.84 | 23.96 | 24.65 | 25.77 | 26.89 | 27.58 | 28.70 |
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): | 47.96 | |
| MACD (12,26,9): | -0.2800 | |
| Directional Movement: | -2.16 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 25.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.13 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 26.23 | |
| Zig ZAG (10): | 25.39 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 33.94 | |
| TEMA (21): | 24.91 | |
| Williams %R (14): | -50.76 | |
| Chande Momentum Oscillator (20): | -1.38 | |
| Repulse (5,40,3): | 4.2800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 8.79 |
| MA7: | 24.78 | |
| MA20: | 25.71 | |
| MA50: | 25.57 | |
| MA100: | 25.62 | |
| MAexp7: | 25.05 | |
| MAexp20: | 25.47 | |
| MAexp50: | 25.62 | |
| MAexp100: | 25.30 | |
| Price / MA7: | +2.50% | |
| Price / MA20: | -1.21% | |
| Price / MA50: | -0.66% | |
| Price / MA100: | -0.86% | |
| Price / MAexp7: | +1.40% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.86% | |
| Price / MAexp100: | +0.40% |
News
The latest news and videos published on SIGNIFY NV at the time of the analysis were as follows:
- Signify proposes to appoint Mr. Frank Lubnau as Supervisory Board member
- Signify reports second quarter sales of EUR 1.5 billion, operational profitability of 9.0% and free cash flow of EUR 121 million
- Signify acquires 51% stake in Chinese provider Klite Lighting to further strengthen its strategic position in LED market
- Signify completes share repurchase program to cover performance share plans
- Signify share repurchase periodic update
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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