SIGNET JEWELERS LTD. - Daily - Technical analysis published on 01/30/2020 (GMT)
- 303
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 23.87 USD
My targets
28.29 USD (+7.63%)
30.13 USD (+14.65%)
My analysis
The bullish trend is currently very strong on SIGNET JEWELERS LTD.. As long as the price remains above the support at 23.87 USD, you could try to benefit from the boom. The first bullish objective is located at 28.29 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 30.13 USD as an objective. Crossing it would then enable buyers to target 35.07 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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
The SIGNET JEWELERS LTD. price is 26.28 USD. The price is lower by -0.19% since the last closing with the lowest point at 25.95 USD and the highest point at 27.05 USD. The deviation from the price is +1.27% for the low point and -2.85% for the high point.25.95
27.05
26.28
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of SIGNET JEWELERS LTD. 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, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 18.46 | 21.82 | 23.87 | 26.28 | 30.13 | 35.07 | 47.88 |
| Change (%) | -29.76% | -16.97% | -9.17% | - | +14.65% | +33.45% | +82.19% |
| Change | -7.82 | -4.46 | -2.41 | - | +3.85 | +8.79 | +21.60 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.86 | 25.36 | 25.84 | 26.34 | 26.82 | 27.32 | 27.80 |
| Camarilla | 26.06 | 26.15 | 26.24 | 26.33 | 26.42 | 26.51 | 26.60 |
| Woodie | 24.86 | 25.36 | 25.84 | 26.34 | 26.82 | 27.32 | 27.80 |
| Fibonacci | 25.36 | 25.73 | 25.96 | 26.34 | 26.71 | 26.94 | 27.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.45 | 23.60 | 24.87 | 27.02 | 28.29 | 30.44 | 31.71 |
| Camarilla | 25.19 | 25.50 | 25.81 | 26.13 | 26.44 | 26.75 | 27.07 |
| Woodie | 21.00 | 23.38 | 24.42 | 26.80 | 27.84 | 30.22 | 31.26 |
| Fibonacci | 23.60 | 24.91 | 25.72 | 27.02 | 28.33 | 29.14 | 30.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.97 | 13.30 | 17.36 | 19.68 | 23.75 | 26.07 | 30.14 |
| Camarilla | 19.67 | 20.26 | 20.84 | 21.43 | 22.01 | 22.60 | 23.18 |
| Woodie | 11.84 | 13.73 | 18.23 | 20.12 | 24.62 | 26.51 | 31.01 |
| Fibonacci | 13.30 | 15.74 | 17.24 | 19.68 | 22.13 | 23.63 | 26.07 |
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): | 63.49 | |
| MACD (12,26,9): | 1.8800 | |
| Directional Movement: | 19.45 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 26.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.55 | |
| Elder Ray (13): | 1.39 | |
| Super Trend (3,10): | 23.46 | |
| Zig ZAG (10): | 26.28 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 61.56 | |
| TEMA (21): | 27.26 | |
| Williams %R (14): | -38.08 | |
| Chande Momentum Oscillator (20): | 6.38 | |
| Repulse (5,40,3): | -0.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.2100 | |
| Courbe Coppock: | 74.38 |
| MA7: | 26.16 | |
| MA20: | 23.13 | |
| MA50: | 20.57 | |
| MA100: | 18.30 | |
| MAexp7: | 25.98 | |
| MAexp20: | 24.11 | |
| MAexp50: | 21.40 | |
| MAexp100: | 19.54 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +13.62% | |
| Price / MA50: | +27.76% | |
| Price / MA100: | +43.61% | |
| Price / MAexp7: | +1.15% | |
| Price / MAexp20: | +9.00% | |
| Price / MAexp50: | +22.80% | |
| Price / MAexp100: | +34.49% |
News
The last news published on SIGNET JEWELERS LTD. at the time of the generation of this analysis was as follows:
- Signet Jewelers Included in 2020 Bloomberg Gender-Equality Index
- Signet Jewelers Reports Fiscal 2020 Holiday Season Sales
- Signet Jewelers Reports Third Quarter Fiscal 2020 Financial Results
- Signet Jewelers Limited Announces Completion of Cash Tender Offer for Its Outstanding 4.700% Senior Notes Due 2024
- Signet Jewelers Limited Announces Receipt of Over a Majority of Its Outstanding 4.700% Senior Notes Due 2024 in Early Results for Its Cash Tender Offer
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 SIGNET JEWELERS LTD. - Daily