SUNOPTA INC. - Daily - Technical analysis published on 09/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Strongly bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 2.53 USD
My targets
2.31 USD (-3.75%)
2.08 USD (-13.33%)
My analysis
The basic trend is very bearish on SUNOPTA INC. but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on SUNOPTA INC.. As long as you stay below the resistance 2.53 USD, sellers” retain the upper hand. A break in the support at 2.31 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 2.08 USD as an objective. Crossing it would then enable sellers to target 0.80 USD. If the price were to depress the resistance 2.53 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.8
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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
SUNOPTA INC. rating 2.40 USD. The price is lower by -0.42% since the last closing with the lowest point at 2.37 USD and the highest point at 2.44 USD. The deviation from the price is +1.27% for the low point and -1.64% for the high point.2.37
2.44
2.40
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
Here is a more detailed summary of the historical variations registered by SUNOPTA INC.:
Technical
Technical analysis of this Daily chart of SUNOPTA INC. indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 0.80 | 2.08 | 2.31 | 2.40 | 2.53 | 3.26 | 3.78 |
| Change (%) | -66.67% | -13.33% | -3.75% | - | +5.42% | +35.83% | +57.50% |
| Change | -1.60 | -0.32 | -0.09 | - | +0.13 | +0.86 | +1.38 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | 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 | 2.04 | 2.18 | 2.30 | 2.44 | 2.56 | 2.70 | 2.82 |
| Camarilla | 2.34 | 2.36 | 2.39 | 2.41 | 2.43 | 2.46 | 2.48 |
| Woodie | 2.02 | 2.18 | 2.28 | 2.44 | 2.54 | 2.70 | 2.80 |
| Fibonacci | 2.18 | 2.28 | 2.34 | 2.44 | 2.54 | 2.60 | 2.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.84 | 2.06 | 2.19 | 2.42 | 2.55 | 2.77 | 2.90 |
| Camarilla | 2.22 | 2.26 | 2.29 | 2.32 | 2.35 | 2.39 | 2.42 |
| Woodie | 1.79 | 2.04 | 2.14 | 2.39 | 2.50 | 2.75 | 2.85 |
| Fibonacci | 2.06 | 2.20 | 2.28 | 2.42 | 2.55 | 2.64 | 2.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.93 | 1.45 | 1.88 | 2.40 | 2.83 | 3.35 | 3.78 |
| Camarilla | 2.04 | 2.13 | 2.21 | 2.30 | 2.39 | 2.47 | 2.56 |
| Woodie | 0.88 | 1.43 | 1.83 | 2.38 | 2.78 | 3.33 | 3.73 |
| Fibonacci | 1.45 | 1.82 | 2.04 | 2.40 | 2.77 | 2.99 | 3.35 |
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): | 47.11 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | 6.64 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 2.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.59 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 2.68 | |
| Zig ZAG (10): | 2.40 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 38.38 | |
| TEMA (21): | 2.41 | |
| Williams %R (14): | -67.11 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | -3.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4800 | |
| Courbe Coppock: | 6.53 |
| MA7: | 2.40 | |
| MA20: | 2.37 | |
| MA50: | 2.65 | |
| MA100: | 3.20 | |
| MAexp7: | 2.40 | |
| MAexp20: | 2.41 | |
| MAexp50: | 2.65 | |
| MAexp100: | 3.04 | |
| Price / MA7: | -0% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | -9.43% | |
| Price / MA100: | -25.00% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -9.43% | |
| Price / MAexp100: | -21.05% |
News
The last news published on SUNOPTA INC. at the time of the generation of this analysis was as follows:
- SunOpta Inc. Reports Inducement Grants to CFO Scott E. Huckins Under NASDAQ Listing Rule 5635(c)(4)
- SunOpta Inc. Appoints Scott E. Huckins as Chief Financial Officer
- SunOpta Inc. Schedules Fourth Quarter 2018 Financial Results Release and Conference Call
- Sunopta Inc. to Host Earnings Call
- Sunopta Inc. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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