HOLLYSYS AUTOMATION TECHNOLOGIES - Daily - Technical analysis published on 08/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 16.90 USD
My targets
15.24 USD (-0.33%)
13.03 USD (-14.78%)
My analysis
The bearish trend is currently very strong for HOLLYSYS AUTOMATION TECHNOLOGIES. As long as the price remains below the resistance at 16.90 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 15.24 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 13.03 USD as an objective. Crossing it would then enable sellers to target 7.15 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
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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
The HOLLYSYS AUTOMATION TECHNOLOGIES price is 15.29 USD. On the day, this instrument lost -2.92% with the lowest point at 13.59 USD and the highest point at 16.33 USD. The deviation from the price is +12.51% for the low point and -6.37% for the high point.13.59
16.33
15.29
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this HOLLYSYS AUTOMATION TECHNOLOGIES chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.15 | 13.03 | 15.24 | 15.29 | 16.90 | 17.99 | 19.42 |
| Change (%) | -53.24% | -14.78% | -0.33% | - | +10.53% | +17.66% | +27.01% |
| Change | -8.14 | -2.26 | -0.05 | - | +1.61 | +2.70 | +4.13 |
| Level | Minor | Minor | Major | - | Major | Major | Intermediate |
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 | 14.91 | 15.32 | 15.53 | 15.94 | 16.16 | 16.57 | 16.79 |
| Camarilla | 15.58 | 15.64 | 15.69 | 15.75 | 15.81 | 15.87 | 15.92 |
| Woodie | 14.81 | 15.27 | 15.44 | 15.90 | 16.06 | 16.52 | 16.69 |
| Fibonacci | 15.32 | 15.56 | 15.70 | 15.94 | 16.18 | 16.33 | 16.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.52 | 14.11 | 15.07 | 15.66 | 16.62 | 17.21 | 18.17 |
| Camarilla | 15.60 | 15.75 | 15.89 | 16.03 | 16.17 | 16.31 | 16.46 |
| Woodie | 13.71 | 14.20 | 15.26 | 15.75 | 16.81 | 17.30 | 18.36 |
| Fibonacci | 14.11 | 14.70 | 15.07 | 15.66 | 16.25 | 16.62 | 17.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.78 | 15.44 | 16.36 | 18.02 | 18.94 | 20.60 | 21.52 |
| Camarilla | 16.58 | 16.82 | 17.05 | 17.29 | 17.53 | 17.76 | 18.00 |
| Woodie | 13.42 | 15.26 | 16.00 | 17.84 | 18.58 | 20.42 | 21.16 |
| Fibonacci | 15.44 | 16.42 | 17.03 | 18.02 | 19.00 | 19.61 | 20.60 |
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): | 30.10 | |
| MACD (12,26,9): | -0.6800 | |
| Directional Movement: | -30.11 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 15.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.65 | |
| Elder Ray (13): | -1.23 | |
| Super Trend (3,10): | 16.96 | |
| Zig ZAG (10): | 15.29 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 38.43 | |
| TEMA (21): | 15.40 | |
| Williams %R (14): | -60.19 | |
| Chande Momentum Oscillator (20): | -2.26 | |
| Repulse (5,40,3): | -3.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5100 | |
| Courbe Coppock: | 22.48 |
| MA7: | 15.90 | |
| MA20: | 16.71 | |
| MA50: | 17.83 | |
| MA100: | 18.79 | |
| MAexp7: | 15.85 | |
| MAexp20: | 16.55 | |
| MAexp50: | 17.53 | |
| MAexp100: | 18.38 | |
| Price / MA7: | -3.84% | |
| Price / MA20: | -8.50% | |
| Price / MA50: | -14.25% | |
| Price / MA100: | -18.63% | |
| Price / MAexp7: | -3.53% | |
| Price / MAexp20: | -7.61% | |
| Price / MAexp50: | -12.78% | |
| Price / MAexp100: | -16.81% |
News
The last news published on HOLLYSYS AUTOMATION TECHNOLOGIES at the time of the generation of this analysis was as follows:
- Hollysys Automation Technologies Reports Unaudited Financial Results for the Fiscal year and the Fourth Quarter Ended June 30, 2019
- Hollysys Automation Technologies to Announce Fiscal Year 2019 and the Fourth Quarter Financial Results and Host Earnings Conference Call on August 14, 2019 US ET
- Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2019
- Hollysys Automation Technologies to Announce Fiscal Year 2019 Third Quarter Financial Results and Host Earnings Conference Call on May 13, 2019 US ET
- Hollysys Announces Withdrawal Of Public Offering Of Ordinary Shares
This member declared not having a position on this financial instrument or a related financial instrument.
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