DYCOM INDUSTRIES INC.
-
USD
(-)
- 15 min delayed data - NYSE Stocks
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Stocks |
| Ticker: | DY |
| ISIN: |
DYCOM INDUSTRIES INC. - Daily - Technical analysis published on 10/02/2019 (GMT)
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- 10/02/2019 - 11:26
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- Timeframe : Daily
- - Analysis generated on 10/02/2019 - 11:25
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 49.97 USD
My targets
45.55 USD (-4.33%)
43.33 USD (-8.99%)
My analysis
The bearish basic trend is very strong on DYCOM INDUSTRIES INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 49.97 USD. Crossing the first support at 45.55 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 43.33 USD as an objective. Crossing it would then enable sellers to target 40.47 USD. Caution, a return to above the resistance located at 49.97 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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 bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.7
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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 DYCOM INDUSTRIES INC. rating is 47.61 USD. On the day, this instrument lost -6.74% with the lowest point at 47.57 USD and the highest point at 52.41 USD. The deviation from the price is +0.08% for the low point and -9.16% for the high point.47.57
52.41
47.61
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DYCOM INDUSTRIES INC. chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 40.47 | 43.33 | 45.55 | 47.61 | 49.97 | 53.75 | 59.99 |
| Change (%) | -15.00% | -8.99% | -4.33% | - | +4.96% | +12.90% | +26.00% |
| Change | -7.14 | -4.28 | -2.06 | - | +2.36 | +6.14 | +12.38 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Intermediate |
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 | 49.05 | 49.61 | 50.33 | 50.90 | 51.62 | 52.18 | 52.90 |
| Camarilla | 50.70 | 50.81 | 50.93 | 51.05 | 51.17 | 51.29 | 51.40 |
| Woodie | 49.12 | 49.65 | 50.41 | 50.93 | 51.69 | 52.22 | 52.98 |
| Fibonacci | 49.61 | 50.10 | 50.40 | 50.90 | 51.39 | 51.69 | 52.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.46 | 46.85 | 48.76 | 50.15 | 52.06 | 53.45 | 55.36 |
| Camarilla | 49.76 | 50.07 | 50.37 | 50.67 | 50.97 | 51.28 | 51.58 |
| Woodie | 45.72 | 46.98 | 49.02 | 50.28 | 52.32 | 53.58 | 55.62 |
| Fibonacci | 46.85 | 48.11 | 48.89 | 50.15 | 51.41 | 52.19 | 53.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.76 | 37.78 | 44.42 | 49.44 | 56.08 | 61.10 | 67.74 |
| Camarilla | 47.84 | 48.91 | 49.98 | 51.05 | 52.12 | 53.19 | 54.26 |
| Woodie | 33.56 | 38.19 | 45.22 | 49.85 | 56.88 | 61.51 | 68.54 |
| Fibonacci | 37.78 | 42.24 | 44.99 | 49.44 | 53.90 | 56.65 | 61.10 |
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): | 44.49 | |
| MACD (12,26,9): | 0.6300 | |
| Directional Movement: | -2.07 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 50.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.58 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 46.92 | |
| Zig ZAG (10): | 47.61 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 32.77 | |
| TEMA (21): | 51.18 | |
| Williams %R (14): | -99.42 | |
| Chande Momentum Oscillator (20): | -4.92 | |
| Repulse (5,40,3): | -11.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 6.83 |
| MA7: | 49.98 | |
| MA20: | 49.83 | |
| MA50: | 48.76 | |
| MA100: | 51.31 | |
| MAexp7: | 49.90 | |
| MAexp20: | 49.48 | |
| MAexp50: | 49.46 | |
| MAexp100: | 50.73 | |
| Price / MA7: | -4.74% | |
| Price / MA20: | -4.46% | |
| Price / MA50: | -2.36% | |
| Price / MA100: | -7.21% | |
| Price / MAexp7: | -4.59% | |
| Price / MAexp20: | -3.78% | |
| Price / MAexp50: | -3.74% | |
| Price / MAexp100: | -6.15% |
News
The latest news and videos published on DYCOM INDUSTRIES INC. at the time of the analysis were as follows:
- 09/11/2019 - 20:40 Dycom Industries, Inc. To Participate in D.A. Davidson's 18th Annual Diversified Industrials & Services Conference
- 08/28/2019 - 10:00 Dycom Industries, Inc. Announces Fiscal 2020 Second Quarter Results And Provides Guidance For The Next Fiscal Quarter
- 08/21/2019 - 20:32 Dycom Industries, Inc. To Report Fiscal 2020 Second Quarter Results And Host Conference Call
- 06/05/2019 - 20:31 Dycom Industries, Inc. To Present At The Stifel 2019 Cross Sector Insight Conference
- 05/21/2019 - 10:00 Dycom Industries, Inc. Announces Fiscal 2020 First Quarter Results And Provides Guidance For The Next Fiscal Quarter
This member declared not having a position on this financial instrument or a related financial instrument.
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