SASOL LTD. ADS - Daily - Technical analysis published on 10/15/2019 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 21.88 USD
My targets
17.27 USD (-9.39%)
13.94 USD (-26.86%)
My analysis
In a bearish trend, the price of SASOL LTD. ADS tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 21.88 USD. A bearish break in the support located at 17.27 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 13.94 USD. PS: if there is a bullish break in the resistance located at 21.88 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.2
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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
The SASOL LTD. ADS price is 19.06 USD. The price registered an increase of +2.92% on the session and was between 18.86 USD and 19.42 USD. This implies that the price is at +1.06% from its lowest and at -1.85% from its highest.18.86
19.42
19.06
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
Technical analysis of this Daily chart of SASOL LTD. ADS indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. 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, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Black evening star
Type : Bearish
Timeframe : Daily
Abandoned baby evening star
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 13.94 | 17.27 | 19.06 | 21.88 | 25.15 | 27.22 |
| Change (%) | -26.86% | -9.39% | - | +14.80% | +31.95% | +42.81% |
| Change | -5.12 | -1.79 | - | +2.82 | +6.09 | +8.16 |
| Level | Intermediate | Major | - | Intermediate | Minor | 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 | 18.20 | 18.35 | 18.44 | 18.59 | 18.68 | 18.83 | 18.92 |
| Camarilla | 18.45 | 18.48 | 18.50 | 18.52 | 18.54 | 18.56 | 18.59 |
| Woodie | 18.16 | 18.34 | 18.40 | 18.58 | 18.64 | 18.82 | 18.88 |
| Fibonacci | 18.35 | 18.45 | 18.50 | 18.59 | 18.69 | 18.74 | 18.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.74 | 16.53 | 17.79 | 18.58 | 19.84 | 20.63 | 21.89 |
| Camarilla | 18.48 | 18.66 | 18.85 | 19.04 | 19.23 | 19.42 | 19.60 |
| Woodie | 15.97 | 16.65 | 18.02 | 18.70 | 20.07 | 20.75 | 22.12 |
| Fibonacci | 16.53 | 17.32 | 17.80 | 18.58 | 19.37 | 19.85 | 20.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.34 | 14.06 | 15.53 | 18.25 | 19.72 | 22.44 | 23.91 |
| Camarilla | 15.86 | 16.24 | 16.63 | 17.01 | 17.39 | 17.78 | 18.16 |
| Woodie | 10.73 | 13.75 | 14.92 | 17.94 | 19.11 | 22.13 | 23.30 |
| Fibonacci | 14.06 | 15.66 | 16.65 | 18.25 | 19.85 | 20.84 | 22.44 |
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): | 57.37 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | 15.71 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 17.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.74 | |
| Elder Ray (13): | 1.00 | |
| Super Trend (3,10): | 17.32 | |
| Zig ZAG (10): | 19.06 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 82.18 | |
| TEMA (21): | 18.27 | |
| Williams %R (14): | -12.10 | |
| Chande Momentum Oscillator (20): | 1.38 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 3.20 |
| MA7: | 18.18 | |
| MA20: | 18.06 | |
| MA50: | 18.38 | |
| MA100: | 21.26 | |
| MAexp7: | 18.35 | |
| MAexp20: | 18.16 | |
| MAexp50: | 19.08 | |
| MAexp100: | 21.32 | |
| Price / MA7: | +4.84% | |
| Price / MA20: | +5.54% | |
| Price / MA50: | +3.70% | |
| Price / MA100: | -10.35% | |
| Price / MAexp7: | +3.87% | |
| Price / MAexp20: | +4.96% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -10.60% |
News
The latest news and videos published on SASOL LTD. ADS at the time of the analysis were as follows:
- SOL: Sasol Limited - Timetable for Announcement of Outcome of Independent Board Review, Release of 2019 Annual Financial Results and Date of Annual General Meeting
- SOL: Sasol Limited Update on Independent Board Review and Release of 2019 Annual Financial Results
- Sasol Announces Beneficial Operation of World-scale Louisiana Ethane Cracker
- SOL: SASOL LIMITED: Lake Charles Chemicals Project (LCCP) Ethane Cracker Unit Achieves Beneficial Operation
- SOL: SASOL Limited: Update on Sasol's Lake Charles Chemicals Project (LCCP) Ethane Cracker Unit
This member declared not having a position on this financial instrument or a related financial instrument.
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