BEIGENE LTD. ADS - Daily - Technical analysis published on 11/28/2019 (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
56%
6%
39%
My opinion
Bullish above 189.66 USD
My targets
208.34 USD (+2.01%)
216.77 USD (+6.13%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BEIGENE LTD. ADS as long as the price remains well above 189.66 USD. The buyers” bullish objective is set at 208.34 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 216.77 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.7
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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 BEIGENE LTD. ADS rating is 204.24 USD. The price registered an increase of +0.45% on the session and was between 202.71 USD and 205.02 USD. This implies that the price is at +0.75% from its lowest and at -0.38% from its highest.202.71
205.02
204.24
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 BEIGENE LTD. ADS:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BEIGENE LTD. ADS indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 137.97 | 152.39 | 189.66 | 204.24 | 208.34 | 216.77 |
| Change (%) | -32.45% | -25.39% | -7.14% | - | +2.01% | +6.13% |
| Change | -66.27 | -51.85 | -14.58 | - | +4.10 | +12.53 |
| Level | Intermediate | Major | Major | - | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 195.35 | 198.46 | 200.89 | 204.00 | 206.43 | 209.54 | 211.97 |
| Camarilla | 201.81 | 202.31 | 202.82 | 203.33 | 203.84 | 204.35 | 204.85 |
| Woodie | 195.02 | 198.29 | 200.56 | 203.83 | 206.10 | 209.37 | 211.64 |
| Fibonacci | 198.46 | 200.57 | 201.88 | 204.00 | 206.11 | 207.42 | 209.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 178.07 | 184.58 | 195.95 | 202.46 | 213.83 | 220.34 | 231.71 |
| Camarilla | 202.39 | 204.03 | 205.67 | 207.31 | 208.95 | 210.59 | 212.23 |
| Woodie | 180.49 | 185.80 | 198.37 | 203.68 | 216.25 | 221.56 | 234.13 |
| Fibonacci | 184.58 | 191.41 | 195.63 | 202.46 | 209.29 | 213.51 | 220.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.55 | 102.98 | 120.66 | 132.09 | 149.77 | 161.20 | 178.89 |
| Camarilla | 130.33 | 133.00 | 135.67 | 138.34 | 141.01 | 143.68 | 146.35 |
| Woodie | 94.67 | 104.54 | 123.78 | 133.65 | 152.90 | 162.77 | 182.01 |
| Fibonacci | 102.98 | 114.10 | 120.97 | 132.09 | 143.21 | 150.08 | 161.20 |
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): | 73.34 | |
| MACD (12,26,9): | 14.9600 | |
| Directional Movement: | 23.54 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 211.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 210.35 | |
| Elder Ray (13): | 5.35 | |
| Super Trend (3,10): | 184.36 | |
| Zig ZAG (10): | 204.24 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 74.92 | |
| TEMA (21): | 214.81 | |
| Williams %R (14): | -25.62 | |
| Chande Momentum Oscillator (20): | 12.52 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.5200 | |
| Courbe Coppock: | 25.55 |
| MA7: | 205.13 | |
| MA20: | 195.15 | |
| MA50: | 155.13 | |
| MA100: | 144.50 | |
| MAexp7: | 203.48 | |
| MAexp20: | 190.82 | |
| MAexp50: | 167.52 | |
| MAexp100: | 152.38 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | +4.66% | |
| Price / MA50: | +31.66% | |
| Price / MA100: | +41.34% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +7.03% | |
| Price / MAexp50: | +21.92% | |
| Price / MAexp100: | +34.03% |
News
The last news published on BEIGENE LTD. ADS at the time of the generation of this analysis was as follows:
- BeiGene to Present at the 31st Annual Piper Jaffray Healthcare Conference
- BeiGene Announces Clinical Data on Tislelizumab Presented at European Society for Medical Oncology (ESMO) Asia 2019 Congress
- U.S. FDA Grants BeiGene’s BRUKINSA™ (zanubrutinib) Accelerated Approval to Treat Adult Patients with Mantle Cell Lymphoma Who Received at Least One Prior Therapy
- BeiGene Reports Third Quarter 2019 Financial Results
- BeiGene Announces Clinical Data on Zanubrutinib to Be Presented at the 61st American Society of Hematology Annual Meeting
This member declared not having a position on this financial instrument or a related financial instrument.
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