PRUDENTIAL PUBLIC - Daily - Technical analysis published on 10/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 38.12 USD
My targets
39.59 USD (+3.45%)
42.35 USD (+10.66%)
My analysis
The strong short-term increase for PRUDENTIAL PUBLIC reinforces the current slightly bullish trend. As long as the price remains above 38.12 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 39.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 42.35 USD as an objective. Crossing it would then enable buyers to target 44.84 USD. A return to 38.12 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
5.5
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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
PRUDENTIAL PUBLIC rating 38.27 USD. The price has increased by +3.02% since the last closing and was between 38.02 USD and 38.79 USD. This implies that the price is at +0.66% from its lowest and at -1.34% from its highest.38.02
38.79
38.27
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:
Technical
A technical analysis in Daily of this PRUDENTIAL PUBLIC chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.13 | 36.39 | 38.12 | 38.27 | 39.59 | 42.35 | 44.84 |
| Change (%) | -13.43% | -4.91% | -0.39% | - | +3.45% | +10.66% | +17.17% |
| Change | -5.14 | -1.88 | -0.15 | - | +1.32 | +4.08 | +6.57 |
| Level | Major | Intermediate | Major | - | Intermediate | Major | 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 | 36.31 | 36.68 | 36.92 | 37.29 | 37.53 | 37.90 | 38.14 |
| Camarilla | 36.98 | 37.04 | 37.09 | 37.15 | 37.21 | 37.26 | 37.32 |
| Woodie | 36.24 | 36.65 | 36.85 | 37.26 | 37.46 | 37.87 | 38.07 |
| Fibonacci | 36.68 | 36.92 | 37.06 | 37.29 | 37.53 | 37.67 | 37.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.68 | 32.30 | 35.02 | 36.64 | 39.36 | 40.98 | 43.70 |
| Camarilla | 36.56 | 36.95 | 37.35 | 37.75 | 38.15 | 38.55 | 38.94 |
| Woodie | 31.24 | 32.58 | 35.58 | 36.92 | 39.92 | 41.26 | 44.26 |
| Fibonacci | 32.30 | 33.96 | 34.98 | 36.64 | 38.30 | 39.32 | 40.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.50 | 30.00 | 33.20 | 35.70 | 38.89 | 41.39 | 44.59 |
| Camarilla | 34.82 | 35.35 | 35.87 | 36.39 | 36.91 | 37.43 | 37.96 |
| Woodie | 27.85 | 30.17 | 33.54 | 35.87 | 39.24 | 41.56 | 44.93 |
| Fibonacci | 30.00 | 32.18 | 33.52 | 35.70 | 37.87 | 39.22 | 41.39 |
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): | 62.66 | |
| MACD (12,26,9): | 0.3800 | |
| Directional Movement: | 21.89 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 36.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.30 | |
| Elder Ray (13): | 2.01 | |
| Super Trend (3,10): | 35.15 | |
| Zig ZAG (10): | 38.27 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 81.50 | |
| TEMA (21): | 37.15 | |
| Williams %R (14): | -9.93 | |
| Chande Momentum Oscillator (20): | 2.80 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 5.79 |
| MA7: | 36.77 | |
| MA20: | 35.82 | |
| MA50: | 35.30 | |
| MA100: | 38.50 | |
| MAexp7: | 36.93 | |
| MAexp20: | 36.15 | |
| MAexp50: | 36.47 | |
| MAexp100: | 37.67 | |
| Price / MA7: | +4.08% | |
| Price / MA20: | +6.84% | |
| Price / MA50: | +8.41% | |
| Price / MA100: | -0.60% | |
| Price / MAexp7: | +3.63% | |
| Price / MAexp20: | +5.86% | |
| Price / MAexp50: | +4.94% | |
| Price / MAexp100: | +1.59% |
This member declared not having a position on this financial instrument or a related financial instrument.
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