VALMONT INDUSTRIES INC. - Daily - Technical analysis published on 12/18/2019 (GMT)
- 284
- 0
- Who voted?
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 146.00 USD
My targets
159.83 USD (+7.25%)
172.85 USD (+15.99%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VALMONT INDUSTRIES INC. as long as the price remains well above 146.00 USD. The buyers” bullish objective is set at 159.83 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 172.85 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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 VALMONT INDUSTRIES INC. price is 149.02 USD. On the day, this instrument gained +1.16% with the lowest point at 148.08 USD and the highest point at 149.74 USD. The deviation from the price is +0.63% for the low point and -0.48% for the high point.148.08
149.74
149.02
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by VALMONT INDUSTRIES INC.:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of VALMONT INDUSTRIES INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
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 1
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
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 139.11 | 143.29 | 146.00 | 149.02 | 159.83 | 172.85 |
| Change (%) | -6.65% | -3.85% | -2.03% | - | +7.25% | +15.99% |
| Change | -9.91 | -5.73 | -3.02 | - | +10.81 | +23.83 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major |
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 | 144.23 | 145.62 | 146.46 | 147.85 | 148.69 | 150.08 | 150.92 |
| Camarilla | 146.70 | 146.90 | 147.11 | 147.31 | 147.51 | 147.72 | 147.92 |
| Woodie | 143.97 | 145.48 | 146.20 | 147.71 | 148.43 | 149.94 | 150.66 |
| Fibonacci | 145.62 | 146.47 | 147.00 | 147.85 | 148.70 | 149.23 | 150.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.89 | 139.10 | 143.02 | 146.23 | 150.16 | 153.37 | 157.29 |
| Camarilla | 144.99 | 145.64 | 146.30 | 146.95 | 147.60 | 148.26 | 148.91 |
| Woodie | 136.25 | 139.28 | 143.38 | 146.41 | 150.52 | 153.55 | 157.65 |
| Fibonacci | 139.10 | 141.82 | 143.51 | 146.23 | 148.96 | 150.64 | 153.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.61 | 134.03 | 138.53 | 142.95 | 147.45 | 151.87 | 156.37 |
| Camarilla | 140.57 | 141.39 | 142.20 | 143.02 | 143.84 | 144.66 | 145.47 |
| Woodie | 129.64 | 134.05 | 138.56 | 142.97 | 147.48 | 151.89 | 156.40 |
| Fibonacci | 134.03 | 137.44 | 139.55 | 142.95 | 146.36 | 148.47 | 151.87 |
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): | 70.88 | |
| MACD (12,26,9): | 1.7700 | |
| Directional Movement: | 12.92 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 146.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 140.37 | |
| Elder Ray (13): | 3.81 | |
| Super Trend (3,10): | 141.53 | |
| Zig ZAG (10): | 149.02 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 83.46 | |
| TEMA (21): | 146.96 | |
| Williams %R (14): | -6.53 | |
| Chande Momentum Oscillator (20): | 6.00 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 5.83 |
| MA7: | 145.85 | |
| MA20: | 143.50 | |
| MA50: | 140.58 | |
| MA100: | 138.03 | |
| MAexp7: | 146.40 | |
| MAexp20: | 144.14 | |
| MAexp50: | 141.42 | |
| MAexp100: | 138.05 | |
| Price / MA7: | +2.17% | |
| Price / MA20: | +3.85% | |
| Price / MA50: | +6.00% | |
| Price / MA100: | +7.96% | |
| Price / MAexp7: | +1.79% | |
| Price / MAexp20: | +3.39% | |
| Price / MAexp50: | +5.37% | |
| Price / MAexp100: | +7.95% |
News
Don"t forget to follow the news on VALMONT INDUSTRIES INC.. At the time of publication of this analysis, the latest news was as follows:
- Valmont Board Declares Quarterly Dividend
- Valmont to Present at Baird 2019 Global Industrial Conference
- Valmont Announces Appointment of Richard "Rick" Lanoha to its Board of Directors
- Valmont Reports Third Quarter 2019 Results
- Valmont Industries, Inc. Announces Third Quarter 2019 Earnings Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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 VALMONT INDUSTRIES INC. - Daily