CSW INDUSTRIALS INC. - Daily - Technical analysis published on 08/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
11%
72%
17%
My opinion
Bearish under 68.52 USD
My targets
65.28 USD (-0.15%)
56.65 USD (-13.35%)
My analysis
The strong short-term decrease of CSW INDUSTRIALS INC. should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 68.52 USD, a sale could be considered. The first bearish objective is located at 65.28 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 56.65 USD. If there is any crossing, the next objective would be support 49.85 USD. Caution, if there is a return to above 68.52 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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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 CSW INDUSTRIALS INC. price is 65.38 USD. On the day, this instrument lost -3.31% with the lowest point at 65.06 USD and the highest point at 67.65 USD. The deviation from the price is +0.49% for the low point and -3.36% for the high point.65.06
67.65
65.38
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of CSW INDUSTRIALS INC. indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 49.85 | 56.65 | 65.28 | 65.38 | 68.52 | 71.01 |
| Change (%) | -23.75% | -13.35% | -0.15% | - | +4.80% | +8.61% |
| Change | -15.53 | -8.73 | -0.10 | - | +3.14 | +5.63 |
| Level | Major | Major | Minor | - | Minor | 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 | 65.99 | 66.71 | 67.17 | 67.89 | 68.34 | 69.06 | 69.52 |
| Camarilla | 67.30 | 67.41 | 67.51 | 67.62 | 67.73 | 67.84 | 67.94 |
| Woodie | 65.86 | 66.64 | 67.03 | 67.82 | 68.21 | 68.99 | 69.38 |
| Fibonacci | 66.71 | 67.16 | 67.44 | 67.89 | 68.33 | 68.61 | 69.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.90 | 65.16 | 67.71 | 69.97 | 72.52 | 74.78 | 77.33 |
| Camarilla | 68.93 | 69.37 | 69.81 | 70.25 | 70.69 | 71.13 | 71.57 |
| Woodie | 63.04 | 65.23 | 67.85 | 70.04 | 72.66 | 74.85 | 77.47 |
| Fibonacci | 65.16 | 67.00 | 68.14 | 69.97 | 71.81 | 72.95 | 74.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.52 | 64.15 | 67.38 | 70.02 | 73.25 | 75.88 | 79.11 |
| Camarilla | 69.00 | 69.54 | 70.07 | 70.61 | 71.15 | 71.69 | 72.22 |
| Woodie | 61.81 | 64.30 | 67.68 | 70.16 | 73.54 | 76.03 | 79.41 |
| Fibonacci | 64.15 | 66.39 | 67.78 | 70.02 | 72.26 | 73.64 | 75.88 |
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): | 35.92 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | -10.19 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 68.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 71.44 | |
| Elder Ray (13): | -2.17 | |
| Super Trend (3,10): | 72.26 | |
| Zig ZAG (10): | 65.38 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 20.15 | |
| TEMA (21): | 67.71 | |
| Williams %R (14): | -95.54 | |
| Chande Momentum Oscillator (20): | -3.14 | |
| Repulse (5,40,3): | -6.7200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 3.10 |
| MA7: | 68.27 | |
| MA20: | 69.18 | |
| MA50: | 68.67 | |
| MA100: | 65.12 | |
| MAexp7: | 67.90 | |
| MAexp20: | 68.76 | |
| MAexp50: | 67.94 | |
| MAexp100: | 65.25 | |
| Price / MA7: | -4.23% | |
| Price / MA20: | -5.49% | |
| Price / MA50: | -4.79% | |
| Price / MA100: | +0.40% | |
| Price / MAexp7: | -3.71% | |
| Price / MAexp20: | -4.92% | |
| Price / MAexp50: | -3.77% | |
| Price / MAexp100: | +0.20% |
News
The last news published on CSW INDUSTRIALS INC. at the time of the generation of this analysis was as follows:
- New Research: Key Drivers of Growth for CSW Industrials, Cavco Industries, Intra-Cellular Therapies, Atrion, QAD, and A V Homes — Factors of Influence, Major Initiatives and Sustained Production
- CSW Industrials, Inc. to Host Earnings Call
- CSW Industrials, Inc. to Host Earnings Call
- Investor Network: CSW Industrials, Inc. to Host Earnings Call
- Investor Network: CSW Industrials, Inc. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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