CRH PLC - Daily - Technical analysis published on 11/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 36.59 USD
My targets
37.81 USD (+2.49%)
38.96 USD (+5.61%)
My analysis
The bullish trend is currently very strong on CRH PLC ADS. As long as the price remains above the support at 36.59 USD, you could try to benefit from the boom. The first bullish objective is located at 37.81 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 38.96 USD as an objective. Crossing it would then enable buyers to target 52.80 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.4
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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
CRH PLC ADS rating 36.89 USD. The price registered an increase of +1.07% on the session and was traded between 36.69 USD and 36.94 USD over the period. The price is currently at +0.55% from its lowest and -0.14% from its highest.36.69
36.94
36.89
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CRH PLC ADS:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 CRH PLC ADS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 33.67 | 35.21 | 36.59 | 36.89 | 37.81 | 38.96 | 52.80 |
| Change (%) | -8.73% | -4.55% | -0.81% | - | +2.49% | +5.61% | +43.13% |
| Change | -3.22 | -1.68 | -0.30 | - | +0.92 | +2.07 | +15.91 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.97 | 36.15 | 36.32 | 36.50 | 36.67 | 36.85 | 37.02 |
| Camarilla | 36.40 | 36.44 | 36.47 | 36.50 | 36.53 | 36.56 | 36.60 |
| Woodie | 35.98 | 36.15 | 36.33 | 36.50 | 36.68 | 36.85 | 37.03 |
| Fibonacci | 36.15 | 36.28 | 36.36 | 36.50 | 36.63 | 36.71 | 36.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.73 | 34.35 | 35.34 | 35.96 | 36.95 | 37.57 | 38.56 |
| Camarilla | 35.90 | 36.05 | 36.19 | 36.34 | 36.49 | 36.64 | 36.78 |
| Woodie | 33.93 | 34.44 | 35.54 | 36.05 | 37.15 | 37.66 | 38.76 |
| Fibonacci | 34.35 | 34.96 | 35.34 | 35.96 | 36.57 | 36.95 | 37.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.86 | 29.85 | 33.17 | 35.16 | 38.48 | 40.47 | 43.79 |
| Camarilla | 35.04 | 35.53 | 36.01 | 36.50 | 36.99 | 37.47 | 37.96 |
| Woodie | 28.54 | 30.18 | 33.85 | 35.49 | 39.16 | 40.80 | 44.47 |
| Fibonacci | 29.85 | 31.88 | 33.13 | 35.16 | 37.19 | 38.44 | 40.47 |
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): | 70.45 | |
| MACD (12,26,9): | 0.8600 | |
| Directional Movement: | 21.50 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 36.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.22 | |
| Elder Ray (13): | 0.89 | |
| Super Trend (3,10): | 35.14 | |
| Zig ZAG (10): | 36.89 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 87.01 | |
| TEMA (21): | 36.97 | |
| Williams %R (14): | -9.36 | |
| Chande Momentum Oscillator (20): | 1.93 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 17.03 |
| MA7: | 36.56 | |
| MA20: | 35.01 | |
| MA50: | 34.20 | |
| MA100: | 33.31 | |
| MAexp7: | 36.45 | |
| MAexp20: | 35.45 | |
| MAexp50: | 34.39 | |
| MAexp100: | 33.52 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | +5.37% | |
| Price / MA50: | +7.87% | |
| Price / MA100: | +10.75% | |
| Price / MAexp7: | +1.21% | |
| Price / MAexp20: | +4.06% | |
| Price / MAexp50: | +7.27% | |
| Price / MAexp100: | +10.05% |
News
Don"t forget to follow the news on CRH PLC ADS. At the time of publication of this analysis, the latest news was as follows:
- CRH PLC Announces Completion of Europe Distribution divestment
- CRH Medical Corporation To Announce 2019 Third Quarter Results on November 7, 2019
- CRH Medical Announces New Revolving Credit Facility
- CRH PLC Announces Directorate Changes
- CRH Medical Corporation Announces Purchase of remaining ownership in Central Colorado Anesthesia Associates
This member declared not having a position on this financial instrument or a related financial instrument.
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