SLM CORP. - Daily - Technical analysis published on 09/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 57.53 USD
My targets
52.29 USD (-7.86%)
47.89 USD (-15.61%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SLM CORP. as long as the price remains well below 57.53 USD. The sellers” bearish objective is set at 52.29 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 47.89 USD. In case of crossing, the next objective would be the support located at 41.50 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.6
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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 SLM CORP. price is 56.75 USD. On the day, this instrument gained +0.27% and was between 56.50 USD and 56.75 USD. This implies that the price is at +0.44% from its lowest and at 0% from its highest.56.50
56.75
56.75
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of SLM CORP. in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 3 are neutral and 9 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 41.50 | 47.89 | 52.29 | 56.75 | 57.53 | 60.88 | 66.51 |
| Change (%) | -26.87% | -15.61% | -7.86% | - | +1.37% | +7.28% | +17.20% |
| Change | -15.25 | -8.86 | -4.46 | - | +0.78 | +4.13 | +9.76 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.43 | 56.47 | 56.53 | 56.57 | 56.63 | 56.67 | 56.73 |
| Camarilla | 56.57 | 56.58 | 56.59 | 56.60 | 56.61 | 56.62 | 56.63 |
| Woodie | 56.45 | 56.48 | 56.55 | 56.58 | 56.65 | 56.68 | 56.75 |
| Fibonacci | 56.47 | 56.51 | 56.53 | 56.57 | 56.61 | 56.63 | 56.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.71 | 55.96 | 56.23 | 56.48 | 56.75 | 57.00 | 57.27 |
| Camarilla | 56.36 | 56.41 | 56.45 | 56.50 | 56.55 | 56.60 | 56.64 |
| Woodie | 55.72 | 55.97 | 56.24 | 56.49 | 56.76 | 57.01 | 57.28 |
| Fibonacci | 55.96 | 56.16 | 56.28 | 56.48 | 56.68 | 56.80 | 57.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.18 | 56.21 | 56.92 | 57.95 | 58.66 | 59.69 | 60.40 |
| Camarilla | 57.14 | 57.30 | 57.46 | 57.62 | 57.78 | 57.94 | 58.10 |
| Woodie | 55.01 | 56.13 | 56.75 | 57.87 | 58.49 | 59.61 | 60.23 |
| Fibonacci | 56.21 | 56.88 | 57.29 | 57.95 | 58.62 | 59.03 | 59.69 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.34 | |
| MACD (12,26,9): | -0.4900 | |
| Directional Movement: | -12.04 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 56.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 57.64 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 57.69 | |
| Zig ZAG (10): | 56.75 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 22.60 | |
| TEMA (21): | 56.51 | |
| Williams %R (14): | -69.83 | |
| Chande Momentum Oscillator (20): | -1.19 | |
| Repulse (5,40,3): | 0.9200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 4.69 |
| MA7: | 56.54 | |
| MA20: | 57.32 | |
| MA50: | 57.96 | |
| MA100: | 60.77 | |
| MAexp7: | 56.69 | |
| MAexp20: | 57.16 | |
| MAexp50: | 58.27 | |
| MAexp100: | 60.07 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | -0.99% | |
| Price / MA50: | -2.09% | |
| Price / MA100: | -6.62% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | -0.72% | |
| Price / MAexp50: | -2.61% | |
| Price / MAexp100: | -5.53% |
This member declared not having a position on this financial instrument or a related financial instrument.
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