HOLLYSYS AUTOMATION TECHNOLOGIES - Daily - Technical analysis published on 01/20/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 16.90 USD
My targets
18.22 USD (+4.23%)
19.45 USD (+11.27%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HOLLYSYS AUTOMATION TECHNOLOGIES as long as the price remains well above 16.90 USD. The buyers” bullish objective is set at 18.22 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.45 USD. If there is any crossing, the next objective would be the resistance located at 20.75 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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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 17.48 USD. The price has increased by +1.45% since the last closing and was traded between 17.19 USD and 17.50 USD over the period. The price is currently at +1.69% from its lowest and -0.11% from its highest.17.19
17.50
17.48
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of HOLLYSYS AUTOMATION TECHNOLOGIES in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.90 | 15.23 | 16.90 | 17.48 | 18.22 | 19.45 | 20.75 |
| Change (%) | -20.48% | -12.87% | -3.32% | - | +4.23% | +11.27% | +18.71% |
| Change | -3.58 | -2.25 | -0.58 | - | +0.74 | +1.97 | +3.27 |
| Level | Intermediate | Major | Major | - | Minor | Major | 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 | 16.71 | 16.89 | 17.06 | 17.24 | 17.41 | 17.58 | 17.75 |
| Camarilla | 17.13 | 17.17 | 17.20 | 17.23 | 17.26 | 17.29 | 17.33 |
| Woodie | 16.71 | 16.89 | 17.06 | 17.23 | 17.40 | 17.58 | 17.75 |
| Fibonacci | 16.89 | 17.02 | 17.10 | 17.24 | 17.37 | 17.45 | 17.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.76 | 16.02 | 16.43 | 16.70 | 17.11 | 17.37 | 17.78 |
| Camarilla | 16.65 | 16.72 | 16.78 | 16.84 | 16.90 | 16.96 | 17.03 |
| Woodie | 15.83 | 16.06 | 16.50 | 16.73 | 17.18 | 17.41 | 17.85 |
| Fibonacci | 16.02 | 16.28 | 16.44 | 16.70 | 16.96 | 17.12 | 17.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.54 | 12.82 | 14.62 | 15.90 | 17.70 | 18.98 | 20.78 |
| Camarilla | 15.56 | 15.85 | 16.13 | 16.41 | 16.69 | 16.98 | 17.26 |
| Woodie | 11.79 | 12.95 | 14.87 | 16.03 | 17.95 | 19.11 | 21.03 |
| Fibonacci | 12.82 | 14.00 | 14.73 | 15.90 | 17.08 | 17.81 | 18.98 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.23 | |
| MACD (12,26,9): | 0.4000 | |
| Directional Movement: | 7.11 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 17.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.40 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 16.06 | |
| Zig ZAG (10): | 17.48 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 91.94 | |
| TEMA (21): | 17.40 | |
| Williams %R (14): | -1.29 | |
| Chande Momentum Oscillator (20): | 1.07 | |
| Repulse (5,40,3): | 3.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3400 | |
| Courbe Coppock: | 7.40 |
| MA7: | 17.13 | |
| MA20: | 16.81 | |
| MA50: | 15.97 | |
| MA100: | 15.40 | |
| MAexp7: | 17.19 | |
| MAexp20: | 16.79 | |
| MAexp50: | 16.18 | |
| MAexp100: | 16.06 | |
| Price / MA7: | +2.04% | |
| Price / MA20: | +3.99% | |
| Price / MA50: | +9.46% | |
| Price / MA100: | +13.51% | |
| Price / MAexp7: | +1.69% | |
| Price / MAexp20: | +4.11% | |
| Price / MAexp50: | +8.03% | |
| Price / MAexp100: | +8.84% |
News
Don"t forget to follow the news on HOLLYSYS AUTOMATION TECHNOLOGIES. At the time of publication of this analysis, the latest news was as follows:
- Hollysys Automation Technologies Reports Unaudited Financial Results for the First Quarter Ended September 30, 2019
- Hollysys Automation Technologies to Announce Fiscal Year 2020 First Quarter Financial Results and Host Earnings Conference Call on November 13, 2019 US ET
- Hollysys Automation Technologies Declares Annual Cash Dividend of 2019
- Hollysys Automation Technologies to Host 2019 Investor Day
- Hollysys Automation Technologies Reports Unaudited Financial Results for the Fiscal year and the Fourth Quarter Ended June 30, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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