MASTEC INC. - Daily - Technical analysis published on 12/30/2019 (GMT)
- 337
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 67.53 USD
My targets
60.04 USD (-5.83%)
54.72 USD (-14.18%)
My analysis
The basic trend is currently slightly bearish on MASTEC INC. and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 67.53 USD, sales could be favoured. The first bearish objective would be located at 60.04 USD. Sellers would then use the next support located at 54.72 USD as an objective. Crossing it would then enable sellers to target 52.63 USD. A return to above the resistance at 67.53 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0
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. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MASTEC INC. rating 63.76 USD. The price registered a decrease of -1.13% on the session with the lowest point at 63.49 USD and the highest point at 64.65 USD. The deviation from the price is +0.43% for the low point and -1.38% for the high point.63.49
64.65
63.76
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MASTEC INC. indicates that the overall trend is slightly bearish. 50% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 54.72 | 60.04 | 62.94 | 63.76 | 67.53 | 70.35 | 72.82 |
Change (%) | -14.18% | -5.83% | -1.29% | - | +5.91% | +10.34% | +14.21% |
Change | -9.04 | -3.72 | -0.82 | - | +3.77 | +6.59 | +9.06 |
Level | Major | Major | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 63.61 | 63.81 | 64.15 | 64.36 | 64.70 | 64.90 | 65.24 |
Camarilla | 64.34 | 64.39 | 64.44 | 64.49 | 64.54 | 64.59 | 64.64 |
Woodie | 63.67 | 63.84 | 64.22 | 64.39 | 64.76 | 64.93 | 65.31 |
Fibonacci | 63.81 | 64.02 | 64.15 | 64.36 | 64.56 | 64.69 | 64.90 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 57.37 | 58.97 | 61.87 | 63.47 | 66.37 | 67.97 | 70.87 |
Camarilla | 63.53 | 63.95 | 64.36 | 64.77 | 65.18 | 65.60 | 66.01 |
Woodie | 58.02 | 59.30 | 62.52 | 63.80 | 67.02 | 68.30 | 71.52 |
Fibonacci | 58.97 | 60.69 | 61.75 | 63.47 | 65.19 | 66.25 | 67.97 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 48.12 | 54.71 | 60.54 | 67.13 | 72.96 | 79.55 | 85.38 |
Camarilla | 62.97 | 64.10 | 65.24 | 66.38 | 67.52 | 68.66 | 69.80 |
Woodie | 47.75 | 54.52 | 60.17 | 66.94 | 72.59 | 79.36 | 85.01 |
Fibonacci | 54.71 | 59.45 | 62.38 | 67.13 | 71.87 | 74.80 | 79.55 |
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): | 47.51 | |
MACD (12,26,9): | -0.5400 | |
Directional Movement: | -1.11 | |
AROON (14): | 64.28 | |
DEMA (21): | 63.01 | |
Parabolic SAR (0,02-0,02-0,2): | 61.48 | |
Elder Ray (13): | 0.38 | |
Super Trend (3,10): | 66.10 | |
Zig ZAG (10): | 63.76 | |
VORTEX (21): | 0.9200 | |
Stochastique (14,3,5): | 78.44 | |
TEMA (21): | 63.08 | |
Williams %R (14): | -29.27 | |
Chande Momentum Oscillator (20): | 2.92 | |
Repulse (5,40,3): | -1.1800 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.2500 | |
Courbe Coppock: | 2.45 |
MA7: | 64.12 | |
MA20: | 63.08 | |
MA50: | 66.18 | |
MA100: | 64.65 | |
MAexp7: | 63.89 | |
MAexp20: | 63.94 | |
MAexp50: | 64.66 | |
MAexp100: | 62.94 | |
Price / MA7: | -0.56% | |
Price / MA20: | +1.08% | |
Price / MA50: | -3.66% | |
Price / MA100: | -1.38% | |
Price / MAexp7: | -0.20% | |
Price / MAexp20: | -0.28% | |
Price / MAexp50: | -1.39% | |
Price / MAexp100: | +1.30% |
News
Don"t forget to follow the news on MASTEC INC.. At the time of publication of this analysis, the latest news was as follows:
- MasTec Announces Details of Mas Family Financing Arrangements
- MasTec Announces Record Third Quarter 2019 Financial Results and Increased Annual Earnings Guidance
- MasTec Senior Management to Present at the Baird and Stephens Investor Conferences in Chicago and Nashville
- MasTec Schedules Third Quarter 2019 Earnings Release and Conference Call
- MasTec Announces Strong Second Quarter 2019 Financial Results and Increased Annual Guidance
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
Add a comment
Comments
0 comments on the analysis MASTEC INC. - Daily