CORE LABORATORIES INC. - Daily - Technical analysis published on 12/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 47.76 USD
My targets
40.36 USD (-9.93%)
36.81 USD (-17.85%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CORE LABORATORIES N.V. as long as the price remains well below 47.76 USD. The next bearish objective for sellers is set at 40.36 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 36.81 USD. If there is any crossing, the next objective would be the support located at 25.79 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.8
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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 CORE LABORATORIES N.V. rating is 44.81 USD. The price registered an increase of +3.80% on the session and was traded between 43.51 USD and 44.96 USD over the period. The price is currently at +2.99% from its lowest and -0.33% from its highest.43.51
44.96
44.81
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CORE LABORATORIES N.V. indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.79 | 36.81 | 40.36 | 44.81 | 47.76 | 57.26 | 66.59 |
| Change (%) | -42.45% | -17.85% | -9.93% | - | +6.58% | +27.78% | +48.61% |
| Change | -19.02 | -8.00 | -4.45 | - | +2.95 | +12.45 | +21.78 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Minor |
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 | 41.77 | 42.09 | 42.63 | 42.96 | 43.50 | 43.82 | 44.36 |
| Camarilla | 42.93 | 43.01 | 43.09 | 43.17 | 43.25 | 43.33 | 43.41 |
| Woodie | 41.87 | 42.15 | 42.74 | 43.01 | 43.60 | 43.88 | 44.47 |
| Fibonacci | 42.09 | 42.42 | 42.63 | 42.96 | 43.29 | 43.49 | 43.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.38 | 41.40 | 42.62 | 44.64 | 45.86 | 47.88 | 49.10 |
| Camarilla | 42.96 | 43.26 | 43.55 | 43.85 | 44.15 | 44.44 | 44.74 |
| Woodie | 38.99 | 41.20 | 42.23 | 44.44 | 45.47 | 47.68 | 48.71 |
| Fibonacci | 41.40 | 42.63 | 43.40 | 44.64 | 45.87 | 46.64 | 47.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.96 | 39.68 | 41.77 | 45.49 | 47.58 | 51.30 | 53.39 |
| Camarilla | 42.25 | 42.79 | 43.32 | 43.85 | 44.38 | 44.92 | 45.45 |
| Woodie | 35.14 | 39.27 | 40.95 | 45.08 | 46.76 | 50.89 | 52.57 |
| Fibonacci | 39.68 | 41.90 | 43.27 | 45.49 | 47.71 | 49.08 | 51.30 |
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): | 48.61 | |
| MACD (12,26,9): | -0.3000 | |
| Directional Movement: | -1.52 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 44.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.87 | |
| Elder Ray (13): | -0.65 | |
| Super Trend (3,10): | 41.99 | |
| Zig ZAG (10): | 44.78 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 25.11 | |
| TEMA (21): | 44.31 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -1.76 | |
| Repulse (5,40,3): | 2.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 10.25 |
| MA7: | 44.57 | |
| MA20: | 45.72 | |
| MA50: | 44.73 | |
| MA100: | 44.66 | |
| MAexp7: | 44.46 | |
| MAexp20: | 45.09 | |
| MAexp50: | 45.12 | |
| MAexp100: | 46.45 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | -1.99% | |
| Price / MA50: | +0.18% | |
| Price / MA100: | +0.34% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | -0.62% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -3.53% |
This member declared not having a position on this financial instrument or a related financial instrument.
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