CAESARSTONE - Daily - Technical analysis published on 09/06/2019 (GMT)
- 242
- 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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 14.66 USD
My targets
13.87 USD (-3.14%)
12.71 USD (-11.24%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAESARSTONE as long as the price remains well below 14.66 USD. The sellers” bearish objective is set at 13.87 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.71 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
CAESARSTONE rating 14.32 USD. On the day, this instrument lost -4.09% and was traded between 14.21 USD and 15.16 USD over the period. The price is currently at +0.77% from its lowest and -5.54% from its highest.14.21
15.16
14.32
Here is a more detailed summary of the historical variations registered by CAESARSTONE:
Technical
A technical analysis in Daily of this CAESARSTONE chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 12.71 | 13.87 | 14.32 | 14.66 | 15.53 | 16.57 |
| Change (%) | -11.24% | -3.14% | - | +2.37% | +8.45% | +15.71% |
| Change | -1.61 | -0.45 | - | +0.34 | +1.21 | +2.25 |
| Level | Major | Intermediate | - | 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 | 14.24 | 14.54 | 14.74 | 15.04 | 15.24 | 15.54 | 15.74 |
| Camarilla | 14.79 | 14.84 | 14.88 | 14.93 | 14.98 | 15.02 | 15.07 |
| Woodie | 14.18 | 14.52 | 14.68 | 15.02 | 15.18 | 15.52 | 15.68 |
| Fibonacci | 14.54 | 14.73 | 14.85 | 15.04 | 15.23 | 15.35 | 15.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.75 | 14.01 | 14.50 | 14.76 | 15.25 | 15.51 | 16.00 |
| Camarilla | 14.78 | 14.85 | 14.92 | 14.99 | 15.06 | 15.13 | 15.20 |
| Woodie | 13.87 | 14.07 | 14.62 | 14.82 | 15.37 | 15.57 | 16.12 |
| Fibonacci | 14.01 | 14.30 | 14.47 | 14.76 | 15.05 | 15.22 | 15.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.68 | 10.74 | 12.87 | 14.93 | 17.06 | 19.12 | 21.25 |
| Camarilla | 13.84 | 14.22 | 14.61 | 14.99 | 15.37 | 15.76 | 16.14 |
| Woodie | 8.71 | 10.76 | 12.90 | 14.95 | 17.09 | 19.14 | 21.28 |
| Fibonacci | 10.74 | 12.34 | 13.33 | 14.93 | 16.53 | 17.52 | 19.12 |
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): | 41.81 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -7.40 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 14.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.74 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 14.31 | |
| Zig ZAG (10): | 14.32 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 28.26 | |
| TEMA (21): | 14.69 | |
| Williams %R (14): | -92.95 | |
| Chande Momentum Oscillator (20): | -1.18 | |
| Repulse (5,40,3): | -7.5700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 10.81 |
| MA7: | 14.69 | |
| MA20: | 15.22 | |
| MA50: | 14.96 | |
| MA100: | 14.91 | |
| MAexp7: | 14.74 | |
| MAexp20: | 14.91 | |
| MAexp50: | 14.93 | |
| MAexp100: | 15.04 | |
| Price / MA7: | -2.52% | |
| Price / MA20: | -5.91% | |
| Price / MA50: | -4.28% | |
| Price / MA100: | -3.96% | |
| Price / MAexp7: | -2.85% | |
| Price / MAexp20: | -3.96% | |
| Price / MAexp50: | -4.09% | |
| Price / MAexp100: | -4.79% |
News
Don"t forget to follow the news on CAESARSTONE. At the time of publication of this analysis, the latest news was as follows:
- Caesarstone Ltd. to Host Earnings Call
- Caesarstone, Luxury Quartz Surface Manufacturer, Featured In Traditional Home 2017 Southern Style Now Showhouse
- Caesarstone Ltd. to Host Earnings Call
- Investor Network: Caesarstone Ltd. to Host Earnings Call
- Luxury Quartz Surface Manufacturer, Caesarstone, Expands Entire Color Portfolio To All Nebraska Furniture Mart Locations
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 CAESARSTONE - Daily