VIAVI SOLUTIONS INC. - Daily - Technical analysis published on 12/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 14.27 USD
My targets
15.19 USD (+1.67%)
15.78 USD (+5.62%)
My analysis
The basic trend is bullish on VIAVI SOLUTIONS INC. and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 14.27 USD. Sellers would then use the next support located at 13.36 USD as an objective. Crossing it would then enable sellers to target 11.80 USD. If there is a return to above the resistance located at 15.19 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 15.78 USD and 16.27 USD by extension.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
1.8
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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
The VIAVI SOLUTIONS INC. price is 14.94 USD. On the day, this instrument lost -1.06% and was traded between 14.89 USD and 15.30 USD over the period. The price is currently at +0.34% from its lowest and -2.35% from its highest.14.89
15.30
14.94
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of VIAVI SOLUTIONS INC. indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
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
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.36 | 14.27 | 14.72 | 14.94 | 15.19 | 15.78 | 16.27 |
| Change (%) | -10.58% | -4.48% | -1.47% | - | +1.67% | +5.62% | +8.90% |
| Change | -1.58 | -0.67 | -0.22 | - | +0.25 | +0.84 | +1.33 |
| Level | Major | Intermediate | Major | - | Minor | 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 | 14.43 | 14.59 | 14.84 | 15.00 | 15.26 | 15.42 | 15.67 |
| Camarilla | 14.99 | 15.02 | 15.06 | 15.10 | 15.14 | 15.18 | 15.21 |
| Woodie | 14.48 | 14.61 | 14.89 | 15.03 | 15.31 | 15.44 | 15.72 |
| Fibonacci | 14.59 | 14.75 | 14.84 | 15.00 | 15.16 | 15.26 | 15.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.79 | 14.06 | 14.49 | 14.76 | 15.19 | 15.46 | 15.89 |
| Camarilla | 14.74 | 14.80 | 14.87 | 14.93 | 14.99 | 15.06 | 15.12 |
| Woodie | 13.88 | 14.10 | 14.58 | 14.80 | 15.28 | 15.50 | 15.98 |
| Fibonacci | 14.06 | 14.32 | 14.49 | 14.76 | 15.02 | 15.19 | 15.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.05 | 13.97 | 14.50 | 15.42 | 15.95 | 16.87 | 17.40 |
| Camarilla | 14.62 | 14.75 | 14.89 | 15.02 | 15.15 | 15.29 | 15.42 |
| Woodie | 12.85 | 13.87 | 14.30 | 15.32 | 15.75 | 16.77 | 17.20 |
| Fibonacci | 13.97 | 14.53 | 14.87 | 15.42 | 15.98 | 16.32 | 16.87 |
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): | 48.46 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | 2.06 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 14.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.46 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 15.47 | |
| Zig ZAG (10): | 14.94 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 53.91 | |
| TEMA (21): | 14.68 | |
| Williams %R (14): | -42.59 | |
| Chande Momentum Oscillator (20): | -0.23 | |
| Repulse (5,40,3): | -0.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 7.20 |
| MA7: | 14.81 | |
| MA20: | 15.05 | |
| MA50: | 15.02 | |
| MA100: | 14.59 | |
| MAexp7: | 14.86 | |
| MAexp20: | 14.98 | |
| MAexp50: | 14.94 | |
| MAexp100: | 14.58 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | -0.73% | |
| Price / MA50: | -0.53% | |
| Price / MA100: | +2.40% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +2.47% |
News
The last news published on VIAVI SOLUTIONS INC. at the time of the generation of this analysis was as follows:
- Gigabit Internet Now Available to One In Twenty People Globally, According to VIAVI Gigabit Monitor
- VIAVI Solutions and Tait Communications Announce a Joint Relationship to Meet Evolving Radio Test Needs
- At MWC Los Angeles, VIAVI Will Showcase Solutions to Deploy and Maintain 5G and IoT Networks at Scale
- VIAVI and Select Vendor Partners Leading Evolution to Distributed Access Architecture
- From Cable Installation to Fiber Monitoring, VIAVI Has MSOs Covered with New Test Solutions at SCTE Cable-Tec Expo 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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