TRANSOCEAN LTD SWITZERLAND - Daily - Technical analysis published on 06/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 6.34 USD
My targets
5.42 USD (-12.44%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TRANSOCEAN LTD SWITZERLAND as long as the price remains well below 6.34 USD. The next bearish objective for sellers is set at 5.42 USD. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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
The TRANSOCEAN LTD SWITZERLAND price is 6.19 USD. On the day, this instrument gained +0.32% and was between 6.02 USD and 6.30 USD. This implies that the price is at +2.82% from its lowest and at -1.75% from its highest.6.02
6.30
6.19
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRANSOCEAN LTD SWITZERLAND:
Technical
Technical analysis of this Daily chart of TRANSOCEAN LTD SWITZERLAND indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 5.42 | 6.19 | 6.34 | 8.15 | 8.95 |
| Change (%) | -12.44% | - | +2.42% | +31.66% | +44.59% |
| Change | -0.77 | - | +0.15 | +1.96 | +2.76 |
| Level | Major | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.85 | 6.00 | 6.08 | 6.23 | 6.31 | 6.46 | 6.54 |
| Camarilla | 6.11 | 6.13 | 6.15 | 6.17 | 6.19 | 6.21 | 6.23 |
| Woodie | 5.82 | 5.98 | 6.05 | 6.21 | 6.28 | 6.44 | 6.51 |
| Fibonacci | 6.00 | 6.08 | 6.14 | 6.23 | 6.31 | 6.37 | 6.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.40 | 4.86 | 5.57 | 6.03 | 6.75 | 7.21 | 7.93 |
| Camarilla | 5.97 | 6.07 | 6.18 | 6.29 | 6.40 | 6.51 | 6.61 |
| Woodie | 4.53 | 4.92 | 5.70 | 6.10 | 6.88 | 7.27 | 8.05 |
| Fibonacci | 4.86 | 5.31 | 5.59 | 6.03 | 6.48 | 6.76 | 7.21 |
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): | 45.12 | |
| MACD (12,26,9): | -0.2900 | |
| Directional Movement: | -4.33 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 5.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.40 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 6.49 | |
| Zig ZAG (10): | 6.19 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 77.09 | |
| TEMA (21): | 5.89 | |
| Williams %R (14): | -25.10 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | -0.5600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.9200 | |
| Courbe Coppock: | 7.17 |
| MA7: | 6.05 | |
| MA20: | 6.06 | |
| MA50: | 7.18 | |
| MA100: | 7.96 | |
| MAexp7: | 6.09 | |
| MAexp20: | 6.22 | |
| MAexp50: | 6.93 | |
| MAexp100: | 7.70 | |
| Price / MA7: | +2.31% | |
| Price / MA20: | +2.15% | |
| Price / MA50: | -13.79% | |
| Price / MA100: | -22.24% | |
| Price / MAexp7: | +1.64% | |
| Price / MAexp20: | -0.48% | |
| Price / MAexp50: | -10.68% | |
| Price / MAexp100: | -19.61% |
News
Don"t forget to follow the news on TRANSOCEAN LTD SWITZERLAND. At the time of publication of this analysis, the latest news was as follows:
- Transocean Ltd. Closes Private Placement of U.S. $410 Million of Secured Notes
- Transocean Ltd. Reports First Quarter 2017 Results
- Transocean Ltd. Provides Quarterly Fleet Status Report
- Transocean Ltd. Announces First Quarter 2017 Earnings Release Date
- Transocean Ltd. Announces Contracts for the Transocean Spitsbergen
This member declared not having a position on this financial instrument or a related financial instrument.
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