ORTHOFIX MEDICAL INC. - Daily - Technical analysis published on 01/13/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 47.07 USD
My targets
44.07 USD (-4.61%)
41.56 USD (-10.04%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ORTHOFIX MEDICAL INC.. As long as you are under the resistance located at 47.07 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 44.07 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 41.56 USD as an objective. Crossing it would then enable sellers to target 35.64 USD. If the resistance 47.07 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.6
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 46.20 USD. The price registered a decrease of -1.09% on the session and was between 46.05 USD and 47.11 USD. This implies that the price is at +0.33% from its lowest and at -1.93% from its highest.46.05
47.11
46.20
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of ORTHOFIX MEDICAL INC. indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are 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 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 41.56 | 44.07 | 45.76 | 46.20 | 47.07 | 48.76 | 53.55 |
| Change (%) | -10.04% | -4.61% | -0.95% | - | +1.88% | +5.54% | +15.91% |
| Change | -4.64 | -2.13 | -0.44 | - | +0.87 | +2.56 | +7.35 |
| Level | Major | Intermediate | Major | - | Intermediate | 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 | 45.42 | 45.86 | 46.29 | 46.73 | 47.16 | 47.60 | 48.03 |
| Camarilla | 46.47 | 46.55 | 46.63 | 46.71 | 46.79 | 46.87 | 46.95 |
| Woodie | 45.41 | 45.86 | 46.28 | 46.73 | 47.15 | 47.60 | 48.02 |
| Fibonacci | 45.86 | 46.20 | 46.40 | 46.73 | 47.07 | 47.27 | 47.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.61 | 44.33 | 45.43 | 46.15 | 47.25 | 47.97 | 49.07 |
| Camarilla | 46.04 | 46.21 | 46.37 | 46.54 | 46.71 | 46.87 | 47.04 |
| Woodie | 43.81 | 44.43 | 45.63 | 46.25 | 47.45 | 48.07 | 49.27 |
| Fibonacci | 44.33 | 45.02 | 45.45 | 46.15 | 46.84 | 47.27 | 47.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.11 | 42.65 | 44.41 | 45.95 | 47.71 | 49.25 | 51.01 |
| Camarilla | 45.27 | 45.58 | 45.88 | 46.18 | 46.48 | 46.79 | 47.09 |
| Woodie | 41.23 | 42.71 | 44.53 | 46.01 | 47.83 | 49.31 | 51.13 |
| Fibonacci | 42.65 | 43.91 | 44.69 | 45.95 | 47.21 | 47.99 | 49.25 |
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): | 50.34 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 1.98 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 46.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 44.96 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 47.10 | |
| Zig ZAG (10): | 46.20 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 56.09 | |
| TEMA (21): | 46.75 | |
| Williams %R (14): | -52.16 | |
| Chande Momentum Oscillator (20): | -0.49 | |
| Repulse (5,40,3): | -1.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.12 |
| MA7: | 46.46 | |
| MA20: | 46.28 | |
| MA50: | 45.21 | |
| MA100: | 48.32 | |
| MAexp7: | 46.39 | |
| MAexp20: | 46.21 | |
| MAexp50: | 46.50 | |
| MAexp100: | 47.80 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | +2.19% | |
| Price / MA100: | -4.39% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -3.35% |
News
The last news published on ORTHOFIX MEDICAL INC. at the time of the generation of this analysis was as follows:
- Orthofix Names Kevin Kenny President of Global Spine Business
- Orthofix Schedules Third Quarter 2019 Earnings Release and Conference Call for October 28, 2019
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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