CONSTELLATION BRANDS INC. - 1H - Technical analysis published on 08/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 247.42 USD
My targets
238.96 USD (-1.67%)
232.91 USD (-4.16%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CONSTELLATION BRANDS INC. as long as the price remains well below 247.42 USD. The sellers' bearish objective is set at 238.96 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 232.91 USD. In case of crossing, the next objective would be the support located at 230.16 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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.
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Additional analysis
Quotes
The CONSTELLATION BRANDS INC. rating is 243.01 USD. On the day, this instrument lost -0.05% and was between 241.54 USD and 244.20 USD. This implies that the price is at +0.61% from its lowest and at -0.49% from its highest.241.54
244.20
243.01
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CONSTELLATION BRANDS INC.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CONSTELLATION BRANDS INC. in 1H shows a overall strongly 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 230.16 | 232.91 | 238.96 | 243.01 | 243.24 | 247.42 | 253.17 |
| Change (%) | -5.29% | -4.16% | -1.67% | - | +0.09% | +1.81% | +4.18% |
| Change | -12.85 | -10.10 | -4.05 | - | +0.23 | +4.41 | +10.16 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 236.27 | 239.47 | 241.29 | 244.49 | 246.31 | 249.51 | 251.33 |
| Camarilla | 241.74 | 242.20 | 242.66 | 243.12 | 243.58 | 244.04 | 244.50 |
| Woodie | 235.59 | 239.13 | 240.61 | 244.15 | 245.63 | 249.17 | 250.65 |
| Fibonacci | 239.47 | 241.38 | 242.57 | 244.49 | 246.40 | 247.59 | 249.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 231.17 | 235.29 | 240.80 | 244.92 | 250.43 | 254.55 | 260.06 |
| Camarilla | 243.66 | 244.55 | 245.43 | 246.31 | 247.19 | 248.08 | 248.96 |
| Woodie | 231.87 | 235.64 | 241.50 | 245.27 | 251.13 | 254.90 | 260.76 |
| Fibonacci | 235.29 | 238.97 | 241.24 | 244.92 | 248.60 | 250.87 | 254.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 212.30 | 221.23 | 233.77 | 242.70 | 255.24 | 264.17 | 276.71 |
| Camarilla | 240.41 | 242.37 | 244.34 | 246.31 | 248.28 | 250.25 | 252.21 |
| Woodie | 214.11 | 222.13 | 235.58 | 243.60 | 257.05 | 265.07 | 278.52 |
| Fibonacci | 221.23 | 229.43 | 234.50 | 242.70 | 250.90 | 255.97 | 264.17 |
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): | 43.13 | |
| MACD (12,26,9): | -0.7800 | |
| Directional Movement: | -4.50 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 243.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 244.91 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 245.63 | |
| Zig ZAG (10): | 243.24 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 20.20 | |
| TEMA (21): | 242.33 | |
| Williams %R (14): | -70.00 | |
| Chande Momentum Oscillator (20): | -3.31 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.81 |
| MA7: | 245.25 | |
| MA20: | 244.12 | |
| MA50: | 241.62 | |
| MA100: | 240.91 | |
| MAexp7: | 242.93 | |
| MAexp20: | 243.90 | |
| MAexp50: | 244.41 | |
| MAexp100: | 243.98 | |
| Price / MA7: | -0.91% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | +0.87% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -0.57% | |
| Price / MAexp100: | -0.40% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on CONSTELLATION BRANDS INC.. At the time of publication of this analysis, the latest news was as follows:
- Spire Global Announces Space Services Deal to Scale Constellation for HANCOM inSPACE with Second Satellite
- Sidus Space Selects AWS for LizzieSatTM Constellation
- Constellation Advances Climate Goal With Effort to Help Large Business Customers Cut Their Carbon Footprints
- Constellation Energy Corporation Declares Dividend
- CONSTELLATION BRANDS (STZ) SHAREHOLDER ALERT - Andrews & Springer LLC Is Investigating Constellation Brands, Inc. For Potential Securities Violations and Breach of Fiduciary Duty
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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