GROUP 1 AUTOMOTIVE INC. - Daily - Technical analysis published on 12/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 96.97 USD
My targets
109.25 USD (+3.97%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GROUP 1 AUTOMOTIVE INC. as long as the price remains well above 96.97 USD. The buyers” bullish objective is set at 109.25 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
6.8
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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
GROUP 1 AUTOMOTIVE INC. rating 105.08 USD. The price is lower by -0.05% since the last closing with the lowest point at 104.26 USD and the highest point at 105.92 USD. The deviation from the price is +0.79% for the low point and -0.79% for the high point.104.26
105.92
105.08
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GROUP 1 AUTOMOTIVE INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 88.68 | 96.97 | 105.00 | 105.08 | 109.25 |
| Change (%) | -15.61% | -7.72% | -0.08% | - | +3.97% |
| Change | -16.40 | -8.11 | -0.08 | - | +4.17 |
| Level | Intermediate | Major | 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 | 102.35 | 103.15 | 104.14 | 104.93 | 105.92 | 106.72 | 107.71 |
| Camarilla | 104.64 | 104.80 | 104.97 | 105.13 | 105.29 | 105.46 | 105.62 |
| Woodie | 102.45 | 103.20 | 104.24 | 104.98 | 106.02 | 106.77 | 107.81 |
| Fibonacci | 103.15 | 103.83 | 104.25 | 104.93 | 105.61 | 106.04 | 106.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 93.81 | 97.96 | 101.81 | 105.96 | 109.80 | 113.95 | 117.80 |
| Camarilla | 103.45 | 104.18 | 104.92 | 105.65 | 106.38 | 107.12 | 107.85 |
| Woodie | 93.66 | 97.89 | 101.65 | 105.88 | 109.65 | 113.88 | 117.64 |
| Fibonacci | 97.96 | 101.02 | 102.90 | 105.96 | 109.01 | 110.90 | 113.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.50 | 92.83 | 97.96 | 102.30 | 107.42 | 111.76 | 116.89 |
| Camarilla | 100.49 | 101.36 | 102.22 | 103.09 | 103.96 | 104.83 | 105.69 |
| Woodie | 88.90 | 93.03 | 98.36 | 102.49 | 107.82 | 111.96 | 117.29 |
| Fibonacci | 92.83 | 96.45 | 98.68 | 102.30 | 105.91 | 108.14 | 111.76 |
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): | 55.95 | |
| MACD (12,26,9): | 1.5700 | |
| Directional Movement: | 10.85 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 105.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 101.80 | |
| Elder Ray (13): | 0.75 | |
| Super Trend (3,10): | 99.60 | |
| Zig ZAG (10): | 105.08 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 49.66 | |
| TEMA (21): | 105.29 | |
| Williams %R (14): | -48.69 | |
| Chande Momentum Oscillator (20): | 4.57 | |
| Repulse (5,40,3): | -0.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 3.91 |
| MA7: | 105.69 | |
| MA20: | 103.82 | |
| MA50: | 99.95 | |
| MA100: | 90.94 | |
| MAexp7: | 104.86 | |
| MAexp20: | 103.61 | |
| MAexp50: | 99.51 | |
| MAexp100: | 93.29 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | +1.21% | |
| Price / MA50: | +5.13% | |
| Price / MA100: | +15.55% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +1.42% | |
| Price / MAexp50: | +5.60% | |
| Price / MAexp100: | +12.64% |
News
The last news published on GROUP 1 AUTOMOTIVE INC. at the time of the generation of this analysis was as follows:
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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