ORTHOFIX MEDICAL INC. - Daily - Technical analysis published on 08/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 53.55 USD
My targets
49.00 USD (-4.61%)
47.37 USD (-7.79%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ORTHOFIX MEDICAL INC. as long as the price remains well below 53.55 USD. The next bearish objective for sellers is set at 49.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 47.37 USD. If there is any crossing, the next objective would be the support located at 41.65 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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 ORTHOFIX MEDICAL INC. price is 51.37 USD. The price is lower by -4.13% since the last closing and was traded between 51.06 USD and 53.62 USD over the period. The price is currently at +0.61% from its lowest and -4.20% from its highest.51.06
53.62
51.37
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ORTHOFIX MEDICAL INC. in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. 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 to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
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 | 41.65 | 47.37 | 49.00 | 51.37 | 53.55 | 57.79 | 60.66 |
| Change (%) | -18.92% | -7.79% | -4.61% | - | +4.24% | +12.50% | +18.08% |
| Change | -9.72 | -4.00 | -2.37 | - | +2.18 | +6.42 | +9.29 |
| Level | Minor | Major | 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 | 51.94 | 52.43 | 53.01 | 53.50 | 54.08 | 54.57 | 55.15 |
| Camarilla | 53.29 | 53.38 | 53.48 | 53.58 | 53.68 | 53.78 | 53.87 |
| Woodie | 51.98 | 52.45 | 53.05 | 53.52 | 54.12 | 54.59 | 55.19 |
| Fibonacci | 52.43 | 52.84 | 53.10 | 53.50 | 53.91 | 54.17 | 54.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.96 | 46.05 | 48.59 | 51.68 | 54.22 | 57.31 | 59.85 |
| Camarilla | 49.59 | 50.11 | 50.62 | 51.14 | 51.66 | 52.17 | 52.69 |
| Woodie | 42.70 | 45.91 | 48.33 | 51.54 | 53.96 | 57.17 | 59.59 |
| Fibonacci | 46.05 | 48.20 | 49.53 | 51.68 | 53.83 | 55.16 | 57.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.00 | 46.88 | 50.17 | 52.05 | 55.34 | 57.22 | 60.51 |
| Camarilla | 52.03 | 52.50 | 52.98 | 53.45 | 53.92 | 54.40 | 54.87 |
| Woodie | 45.70 | 47.23 | 50.87 | 52.40 | 56.04 | 57.57 | 61.21 |
| Fibonacci | 46.88 | 48.86 | 50.08 | 52.05 | 54.03 | 55.25 | 57.22 |
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): | 47.56 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 0.67 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 52.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 54.12 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 49.88 | |
| Zig ZAG (10): | 51.37 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 63.56 | |
| TEMA (21): | 52.45 | |
| Williams %R (14): | -61.51 | |
| Chande Momentum Oscillator (20): | -1.19 | |
| Repulse (5,40,3): | -4.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.00 |
| MA7: | 51.96 | |
| MA20: | 52.36 | |
| MA50: | 51.78 | |
| MA100: | 52.53 | |
| MAexp7: | 52.26 | |
| MAexp20: | 52.08 | |
| MAexp50: | 52.02 | |
| MAexp100: | 52.66 | |
| Price / MA7: | -1.14% | |
| Price / MA20: | -1.89% | |
| Price / MA50: | -0.79% | |
| Price / MA100: | -2.21% | |
| Price / MAexp7: | -1.70% | |
| Price / MAexp20: | -1.36% | |
| Price / MAexp50: | -1.25% | |
| Price / MAexp100: | -2.45% |
News
Don"t forget to follow the news on ORTHOFIX MEDICAL INC.. At the time of publication of this analysis, the latest news was as follows:
- Orthofix Announces FDA Approval of the M6-C Artificial Cervical Disc to Treat Patients with Cervical Disc Degeneration
- Orthofix Schedules Fourth Quarter and Fiscal 2018 Earnings Release and Conference Call for February 25, 2019
- Orthofix International NV to Host Earnings Call
- Investor Network: Orthofix International NV to Host Earnings Call
- Investor Network: Orthofix International NV to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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