BEIGENE LTD. ADS - Daily - Technical analysis published on 07/17/2019 (GMT)
- 311
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 123.18 USD
My targets
117.20 USD (-3.28%)
107.01 USD (-11.69%)
My analysis
The bearish basic trend is very strong on BEIGENE LTD. ADS but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 123.18 USD. Crossing the first support at 117.20 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 107.01 USD as an objective. Crossing it would then enable sellers to target 79.20 USD. Caution, a return to above the resistance located at 123.18 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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.
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 BEIGENE LTD. ADS price is 121.17 USD. On the day, this instrument lost -1.42% and was traded between 118.60 USD and 122.90 USD over the period. The price is currently at +2.17% from its lowest and -1.41% from its highest.118.60
122.90
121.17
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BEIGENE LTD. ADS:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BEIGENE LTD. ADS chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
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 | 79.20 | 107.01 | 117.20 | 121.17 | 123.18 | 130.05 | 144.25 |
| Change (%) | -34.64% | -11.69% | -3.28% | - | +1.66% | +7.33% | +19.05% |
| Change | -41.97 | -14.16 | -3.97 | - | +2.01 | +8.88 | +23.08 |
| Level | Minor | Major | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.98 | 117.65 | 120.28 | 123.95 | 126.58 | 130.25 | 132.88 |
| Camarilla | 121.18 | 121.76 | 122.33 | 122.91 | 123.49 | 124.07 | 124.64 |
| Woodie | 113.46 | 117.39 | 119.76 | 123.69 | 126.06 | 129.99 | 132.36 |
| Fibonacci | 117.65 | 120.06 | 121.54 | 123.95 | 126.36 | 127.84 | 130.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.81 | 116.81 | 119.75 | 124.75 | 127.69 | 132.69 | 135.63 |
| Camarilla | 120.52 | 121.24 | 121.97 | 122.70 | 123.43 | 124.16 | 124.88 |
| Woodie | 110.79 | 116.30 | 118.73 | 124.24 | 126.67 | 132.18 | 134.61 |
| Fibonacci | 116.81 | 119.84 | 121.71 | 124.75 | 127.78 | 129.65 | 132.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.33 | 105.67 | 114.81 | 122.15 | 131.29 | 138.63 | 147.77 |
| Camarilla | 119.42 | 120.93 | 122.44 | 123.95 | 125.46 | 126.97 | 128.48 |
| Woodie | 99.23 | 106.12 | 115.71 | 122.60 | 132.19 | 139.08 | 148.67 |
| Fibonacci | 105.67 | 111.97 | 115.86 | 122.15 | 128.45 | 132.34 | 138.63 |
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): | 44.09 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -1.59 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 124.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 131.48 | |
| Elder Ray (13): | -3.32 | |
| Super Trend (3,10): | 131.88 | |
| Zig ZAG (10): | 121.17 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 25.54 | |
| TEMA (21): | 124.53 | |
| Williams %R (14): | -80.37 | |
| Chande Momentum Oscillator (20): | -4.49 | |
| Repulse (5,40,3): | -2.9100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 4.98 |
| MA7: | 124.30 | |
| MA20: | 123.85 | |
| MA50: | 124.36 | |
| MA100: | 129.14 | |
| MAexp7: | 123.55 | |
| MAexp20: | 124.07 | |
| MAexp50: | 125.01 | |
| MAexp100: | 127.95 | |
| Price / MA7: | -2.52% | |
| Price / MA20: | -2.16% | |
| Price / MA50: | -2.57% | |
| Price / MA100: | -6.17% | |
| Price / MAexp7: | -1.93% | |
| Price / MAexp20: | -2.34% | |
| Price / MAexp50: | -3.07% | |
| Price / MAexp100: | -5.30% |
News
Don"t forget to follow the news on BEIGENE LTD. ADS. At the time of publication of this analysis, the latest news was as follows:
- BeiGene Granted Approval to Transition from the Biotech Chapter of the Hong Kong Stock Exchange to a General Listing
- BeiGene Announces Phase 1b Clinical Results of Zanubrutinib in Combination with GAZYVA® (Obinutuzumab) in Patients with Chronic Lymphocytic Leukemia/Small Lymphocytic Lymphoma or Follicular Lymphoma at the 15th International Conference on Malignant Lymphoma (ICML)
- BeiGene Presents Pivotal Phase 2 Clinical Results of Zanubrutinib in Patients with Relapsed/Refractory Chronic Lymphocytic Leukemia or Small Lymphocytic Lymphoma at the 15th International Conference on Malignant Lymphoma (ICML)
- BeiGene Announces Updated Results from Two Ongoing Clinical Trials of Zanubrutinib in Patients with Mantle Cell Lymphoma in Presentations at the 15th International Conference on Malignant Lymphoma (ICML)
- BeiGene and SpringWorks Therapeutics Announce the Formation of MapKure to Develop BGB-3245, an Investigational, Selective Next-Generation RAF Kinase Inhibitor
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BEIGENE LTD. ADS - Daily