CORECIVIC INC. - Daily - Technical analysis published on 09/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
39%
11%
50%
My opinion
Bullish above 16.65 USD
My targets
17.38 USD (+0.12%)
18.58 USD (+7.03%)
My analysis
The strong short-term increase in CORECIVIC INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 16.65 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 17.38 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18.58 USD as an objective. Crossing it would then enable buyers to target 20.36 USD. Caution, a return under 16.65 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
1.6
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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
CORECIVIC INC. rating 17.36 USD. The price registered a decrease of -2.03% on the session and was traded between 17.19 USD and 17.49 USD over the period. The price is currently at +0.99% from its lowest and -0.74% from its highest.17.19
17.49
17.36
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this CORECIVIC INC. chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
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
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 13.20 | 15.80 | 16.65 | 17.36 | 17.38 | 18.58 | 20.36 |
| Change (%) | -23.96% | -8.99% | -4.09% | - | +0.12% | +7.03% | +17.28% |
| Change | -4.16 | -1.56 | -0.71 | - | +0.02 | +1.22 | +3.00 |
| Level | Major | Intermediate | Major | - | Intermediate | Major | Minor |
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 | 16.51 | 16.84 | 17.05 | 17.38 | 17.60 | 17.93 | 18.14 |
| Camarilla | 17.12 | 17.17 | 17.22 | 17.27 | 17.32 | 17.37 | 17.42 |
| Woodie | 16.45 | 16.81 | 17.00 | 17.35 | 17.54 | 17.90 | 18.09 |
| Fibonacci | 16.84 | 17.04 | 17.17 | 17.38 | 17.59 | 17.72 | 17.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.52 | 16.06 | 16.67 | 17.21 | 17.82 | 18.36 | 18.97 |
| Camarilla | 16.95 | 17.06 | 17.17 | 17.27 | 17.38 | 17.48 | 17.59 |
| Woodie | 15.55 | 16.08 | 16.70 | 17.23 | 17.85 | 18.38 | 19.00 |
| Fibonacci | 16.06 | 16.50 | 16.77 | 17.21 | 17.65 | 17.92 | 18.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.50 | 14.62 | 15.57 | 16.68 | 17.63 | 18.75 | 19.70 |
| Camarilla | 15.95 | 16.14 | 16.33 | 16.52 | 16.71 | 16.90 | 17.09 |
| Woodie | 13.42 | 14.58 | 15.49 | 16.64 | 17.55 | 18.71 | 19.62 |
| Fibonacci | 14.62 | 15.41 | 15.89 | 16.68 | 17.47 | 17.96 | 18.75 |
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): | 53.18 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 4.34 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 17.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.65 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 16.37 | |
| Zig ZAG (10): | 17.33 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 49.93 | |
| TEMA (21): | 17.37 | |
| Williams %R (14): | -48.85 | |
| Chande Momentum Oscillator (20): | -0.25 | |
| Repulse (5,40,3): | -0.6600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.48 |
| MA7: | 17.14 | |
| MA20: | 17.17 | |
| MA50: | 16.82 | |
| MA100: | 18.64 | |
| MAexp7: | 17.24 | |
| MAexp20: | 17.14 | |
| MAexp50: | 17.35 | |
| MAexp100: | 17.97 | |
| Price / MA7: | +1.28% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +3.21% | |
| Price / MA100: | -6.87% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +1.28% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | -3.39% |
News
Don"t forget to follow the news on CORECIVIC INC.. At the time of publication of this analysis, the latest news was as follows:
- CORECIVIC INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of CoreCivic, Inc. - CXW
-
CoreCivic
- CoreCivic Announces 2016 Fourth Quarter Earnings Release and Conference Call Dates
- CoreCivic Provides Tax Allocations of 2016 Dividend Distributions
- CoreCivic Awarded Management Contract at the Northeast Ohio Correctional Center
This member declared not having a position on this financial instrument or a related financial instrument.
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