UNDER ARMOUR INC. CLASS A - Daily - Technical analysis published on 11/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 18.95 USD
My targets
16.76 USD (-4.72%)
11.61 USD (-34.00%)
My analysis
UNDER ARMOUR INC. CLASS A is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 18.95 USD. The next support located at 16.76 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 11.61 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.7
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
UNDER ARMOUR INC. CLASS A rating 17.59 USD. The price registered a decrease of -3.19% on the session and was traded between 17.39 USD and 18.57 USD over the period. The price is currently at +1.15% from its lowest and -5.28% from its highest.17.39
18.57
17.59
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
Here is a more detailed summary of the historical variations registered by UNDER ARMOUR INC. CLASS A:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this UNDER ARMOUR INC. CLASS A chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 11.61 | 16.76 | 17.59 | 18.95 | 20.71 | 21.66 |
| Change (%) | -34.00% | -4.72% | - | +7.73% | +17.74% | +23.14% |
| Change | -5.98 | -0.83 | - | +1.36 | +3.12 | +4.07 |
| Level | Minor | Major | - | Major | 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 | 17.24 | 17.50 | 17.84 | 18.10 | 18.44 | 18.70 | 19.04 |
| Camarilla | 18.01 | 18.06 | 18.12 | 18.17 | 18.23 | 18.28 | 18.34 |
| Woodie | 17.27 | 17.52 | 17.87 | 18.12 | 18.47 | 18.72 | 19.07 |
| Fibonacci | 17.50 | 17.73 | 17.87 | 18.10 | 18.33 | 18.47 | 18.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.42 | 19.91 | 20.49 | 20.98 | 21.56 | 22.05 | 22.63 |
| Camarilla | 20.78 | 20.87 | 20.97 | 21.07 | 21.17 | 21.27 | 21.36 |
| Woodie | 19.47 | 19.93 | 20.54 | 21.00 | 21.61 | 22.07 | 22.68 |
| Fibonacci | 19.91 | 20.32 | 20.57 | 20.98 | 21.39 | 21.64 | 22.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.27 | 17.48 | 19.06 | 20.27 | 21.85 | 23.06 | 24.64 |
| Camarilla | 19.88 | 20.14 | 20.39 | 20.65 | 20.91 | 21.16 | 21.42 |
| Woodie | 16.47 | 17.57 | 19.26 | 20.36 | 22.05 | 23.15 | 24.84 |
| Fibonacci | 17.48 | 18.54 | 19.20 | 20.27 | 21.33 | 21.99 | 23.06 |
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): | 32.37 | |
| MACD (12,26,9): | -0.3200 | |
| Directional Movement: | -24.30 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 19.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.06 | |
| Elder Ray (13): | -1.66 | |
| Super Trend (3,10): | 20.45 | |
| Zig ZAG (10): | 17.59 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 18.56 | |
| TEMA (21): | 19.29 | |
| Williams %R (14): | -88.18 | |
| Chande Momentum Oscillator (20): | -2.50 | |
| Repulse (5,40,3): | -3.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 7.22 |
| MA7: | 19.58 | |
| MA20: | 20.15 | |
| MA50: | 19.93 | |
| MA100: | 21.83 | |
| MAexp7: | 19.12 | |
| MAexp20: | 19.83 | |
| MAexp50: | 20.25 | |
| MAexp100: | 21.01 | |
| Price / MA7: | -10.16% | |
| Price / MA20: | -12.70% | |
| Price / MA50: | -11.74% | |
| Price / MA100: | -19.42% | |
| Price / MAexp7: | -8.00% | |
| Price / MAexp20: | -11.30% | |
| Price / MAexp50: | -13.14% | |
| Price / MAexp100: | -16.28% |
This member declared not having a position on this financial instrument or a related financial instrument.
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