CNOOC LTD. - Daily - Technical analysis published on 12/31/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
CNOOC LTD. Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 157.24 USD
My targets
174.53 USD (+5.84%)
184.85 USD (+12.10%)
My analysis
CNOOC LTD. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 157.24 USD. The next resistance located at 174.53 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 184.85 USD. After this resistance, buyers could then target 193.13 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.4
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.
Additional analysis
Quotes
The CNOOC LTD. price is 164.90 USD. The price has increased by +0.57% since the last closing and was traded between 164.67 USD and 166.14 USD over the period. The price is currently at +0.14% from its lowest and -0.75% from its highest.164.67
166.14
164.90
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of CNOOC LTD. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 144.15 | 148.54 | 157.24 | 164.90 | 165.85 | 174.53 | 184.85 |
| Change (%) | -12.58% | -9.92% | -4.65% | - | +0.58% | +5.84% | +12.10% |
| Change | -20.75 | -16.36 | -7.66 | - | +0.95 | +9.63 | +19.95 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.88 | 162.91 | 163.44 | 164.47 | 165.00 | 166.03 | 166.56 |
| Camarilla | 163.54 | 163.68 | 163.83 | 163.97 | 164.11 | 164.26 | 164.40 |
| Woodie | 161.63 | 162.79 | 163.19 | 164.35 | 164.75 | 165.91 | 166.31 |
| Fibonacci | 162.91 | 163.51 | 163.87 | 164.47 | 165.07 | 165.43 | 166.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 158.51 | 160.22 | 162.09 | 163.80 | 165.67 | 167.38 | 169.25 |
| Camarilla | 162.99 | 163.31 | 163.64 | 163.97 | 164.30 | 164.63 | 164.96 |
| Woodie | 158.60 | 160.26 | 162.18 | 163.84 | 165.76 | 167.42 | 169.34 |
| Fibonacci | 160.22 | 161.58 | 162.43 | 163.80 | 165.16 | 166.01 | 167.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.18 | 133.46 | 139.34 | 150.62 | 156.50 | 167.78 | 173.66 |
| Camarilla | 140.50 | 142.07 | 143.65 | 145.22 | 146.79 | 148.37 | 149.94 |
| Woodie | 119.48 | 132.11 | 136.64 | 149.27 | 153.80 | 166.43 | 170.96 |
| Fibonacci | 133.46 | 140.02 | 144.07 | 150.62 | 157.18 | 161.23 | 167.78 |
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): | 70.14 | |
| MACD (12,26,9): | 3.5600 | |
| Directional Movement: | 27.83 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 160.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 158.39 | |
| Elder Ray (13): | 6.37 | |
| Super Trend (3,10): | 157.53 | |
| Zig ZAG (10): | 164.90 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 94.88 | |
| TEMA (21): | 164.04 | |
| Williams %R (14): | -5.69 | |
| Chande Momentum Oscillator (20): | 18.21 | |
| Repulse (5,40,3): | -1.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 22.29 |
| MA7: | 162.64 | |
| MA20: | 153.41 | |
| MA50: | 153.78 | |
| MA100: | 151.28 | |
| MAexp7: | 162.09 | |
| MAexp20: | 156.94 | |
| MAexp50: | 154.25 | |
| MAexp100: | 154.12 | |
| Price / MA7: | +1.39% | |
| Price / MA20: | +7.49% | |
| Price / MA50: | +7.23% | |
| Price / MA100: | +9.00% | |
| Price / MAexp7: | +1.73% | |
| Price / MAexp20: | +5.07% | |
| Price / MAexp50: | +6.90% | |
| Price / MAexp100: | +6.99% |
News
Don"t forget to follow the news on CNOOC LTD.. At the time of publication of this analysis, the latest news was as follows:
- CNOOC Limited Announces Liza Field Offshore Guyana Commenced Production
- CNOOC Limited Announces Caofeidian 11-1/11-6 Oilfield Comprehensive Adjustment Project Commences Production
- CNOOC Limited Announces Appointment of Chief Executive Officer
- CNOOC Limited Announces Appointment of Chairman and Chairman of the Nomination Committee
- CNOOC Limited Announces Key Operational Statistics for the Third Quarter of 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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