LYONDELLBASELL INDUSTRIES NV

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
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Type:	Stocks
Ticker:	LYB
ISIN:	NL0009434992

LYONDELLBASELL INDUSTRIES NV - Daily - Technical analysis published on 10/15/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 84.00 USD

My targets

87.80 USD (+0.49%)

92.25 USD (+5.59%)

My analysis

The basic bullish trend is very strong on LYONDELLBASELL INDUSTRIES NV 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 84.00 USD. Crossing the first resistance at 87.80 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 92.25 USD as an objective. Crossing it would then enable buyers to target 96.38 USD. Caution, a return to below 84.00 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

6.8

Comment on the analysis

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

LYONDELLBASELL INDUSTRIES NV rating 87.37 USD. On the day, this instrument lost -0.80% and was between 86.03 USD and 88.33 USD. This implies that the price is at +1.56% from its lowest and at -1.09% from its highest.

86.03

88.33

87.37

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by LYONDELLBASELL INDUSTRIES NV:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of LYONDELLBASELL INDUSTRIES NV indicates that the overall trend is strongly bullish. 85.71% 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 scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	74.25	78.65	84.00	87.37	87.80	92.25	96.38
Change (%)	-15.02%	-9.98%	-3.86%	-	+0.49%	+5.59%	+10.31%
Change	-13.12	-8.72	-3.37	-	+0.43	+4.88	+9.01
Level	Minor	Major	Major	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	82.82	84.22	86.14	87.54	89.46	90.86	92.78
Camarilla	87.16	87.46	87.77	88.07	88.37	88.68	88.98
Woodie	83.09	84.35	86.41	87.67	89.73	90.99	93.05
Fibonacci	84.22	85.49	86.27	87.54	88.81	89.59	90.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.89	78.67	83.37	86.15	90.85	93.63	98.33
Camarilla	86.01	86.70	87.38	88.07	88.76	89.44	90.13
Woodie	76.85	79.15	84.33	86.63	91.81	94.11	99.29
Fibonacci	78.67	81.53	83.29	86.15	89.01	90.77	93.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.07	67.98	78.72	84.63	95.37	101.28	112.02
Camarilla	84.89	86.42	87.94	89.47	91.00	92.52	94.05
Woodie	64.50	69.19	81.15	85.84	97.80	102.49	114.45
Fibonacci	67.98	74.34	78.27	84.63	90.99	94.92	101.28

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):	57.76
MACD (12,26,9):	1.0100
Directional Movement:	13.10
AROON (14):	-35.72
DEMA (21):	86.65
Parabolic SAR (0,02-0,02-0,2):	81.60
Elder Ray (13):	1.73
Super Trend (3,10):	88.92
Zig ZAG (10):	87.37
VORTEX (21):	1.0000
Stochastique (14,3,5):	56.03
TEMA (21):	86.22
Williams %R (14):	-33.71
Chande Momentum Oscillator (20):	-0.13
Repulse (5,40,3):	2.5500
ROCnROLL:	1
TRIX (15,9):	0.2800
Courbe Coppock:	6.36

MA7:	84.65
MA20:	86.50
MA50:	80.06
MA100:	81.34
MAexp7:	85.61
MAexp20:	85.00
MAexp50:	82.96
MAexp100:	82.31
Price / MA7:	+3.21%
Price / MA20:	+1.01%
Price / MA50:	+9.13%
Price / MA100:	+7.41%
Price / MAexp7:	+2.06%
Price / MAexp20:	+2.79%
Price / MAexp50:	+5.32%
Price / MAexp100:	+6.15%

News

The last news published on LYONDELLBASELL INDUSTRIES NV at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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