TRONOX HOLDINGS PLC - Daily - Technical analysis published on 12/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 10.67 USD
My targets
12.65 USD (+10.28%)
13.13 USD (+14.47%)
My analysis
The basic bullish trend is very strong on TRONOX HOLDINGS PLC but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 10.67 USD. Crossing the first resistance at 12.65 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 13.13 USD as an objective. Crossing it would then enable buyers to target 15.31 USD. Caution, a return to below 10.67 USD would be a sign of a consolidation phase in the short-term basic trend. 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 not called into question, despite technical indicators being indecisive.
FORCE
0
10
5.5
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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
TRONOX HOLDINGS PLC rating 11.47 USD. The price is lower by -3.53% since the last closing and was between 11.44 USD and 11.96 USD. This implies that the price is at +0.26% from its lowest and at -4.10% from its highest.11.44
11.96
11.47
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TRONOX HOLDINGS PLC chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
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 under support 3
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 8.15 | 9.68 | 10.67 | 11.47 | 11.59 | 13.13 | 15.31 |
| Change (%) | -28.95% | -15.61% | -6.97% | - | +1.05% | +14.47% | +33.48% |
| Change | -3.32 | -1.79 | -0.80 | - | +0.12 | +1.66 | +3.84 |
| Level | Minor | Major | Major | - | Major | Intermediate | Intermediate |
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 | 11.66 | 11.74 | 11.82 | 11.90 | 11.98 | 12.06 | 12.14 |
| Camarilla | 11.85 | 11.86 | 11.88 | 11.89 | 11.91 | 11.92 | 11.93 |
| Woodie | 11.65 | 11.74 | 11.81 | 11.90 | 11.97 | 12.06 | 12.13 |
| Fibonacci | 11.74 | 11.80 | 11.84 | 11.90 | 11.96 | 12.00 | 12.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.61 | 10.93 | 11.26 | 11.58 | 11.90 | 12.22 | 12.55 |
| Camarilla | 11.40 | 11.46 | 11.52 | 11.58 | 11.64 | 11.70 | 11.76 |
| Woodie | 10.61 | 10.93 | 11.26 | 11.58 | 11.90 | 12.22 | 12.55 |
| Fibonacci | 10.93 | 11.18 | 11.33 | 11.58 | 11.83 | 11.98 | 12.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.35 | 7.43 | 9.50 | 10.58 | 12.65 | 13.72 | 15.80 |
| Camarilla | 10.71 | 11.00 | 11.29 | 11.58 | 11.86 | 12.15 | 12.44 |
| Woodie | 6.85 | 7.68 | 10.00 | 10.83 | 13.15 | 13.97 | 16.30 |
| Fibonacci | 7.43 | 8.63 | 9.37 | 10.58 | 11.78 | 12.52 | 13.72 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.86 | |
| MACD (12,26,9): | 0.3200 | |
| Directional Movement: | 8.68 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 11.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.03 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 10.74 | |
| Zig ZAG (10): | 11.47 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 80.39 | |
| TEMA (21): | 11.72 | |
| Williams %R (14): | -42.45 | |
| Chande Momentum Oscillator (20): | 0.58 | |
| Repulse (5,40,3): | -5.3600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4500 | |
| Courbe Coppock: | 10.28 |
| MA7: | 11.68 | |
| MA20: | 11.35 | |
| MA50: | 10.49 | |
| MA100: | 9.28 | |
| MAexp7: | 11.63 | |
| MAexp20: | 11.37 | |
| MAexp50: | 10.67 | |
| MAexp100: | 10.21 | |
| Price / MA7: | -1.80% | |
| Price / MA20: | +1.06% | |
| Price / MA50: | +9.34% | |
| Price / MA100: | +23.60% | |
| Price / MAexp7: | -1.38% | |
| Price / MAexp20: | +0.88% | |
| Price / MAexp50: | +7.50% | |
| Price / MAexp100: | +12.34% |
News
The last news published on TRONOX HOLDINGS PLC at the time of the generation of this analysis was as follows:
- Tronox Reports Third Quarter 2019 Financial Results
- Tronox Announces Dates For Third Quarter 2019 Earnings Release & Webcast Conference Call
- Tronox Declares Quarterly Dividend
- Tronox Reports Second Quarter 2019 Financial Results
- Tronox Announces Dates For Second Quarter 2019 Earnings Release & Webcast Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
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