RH - Daily - Technical analysis published on 12/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 206.22 USD
My targets
220.43 USD (+2.59%)
241.97 USD (+12.61%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 206.22 USD remains possible. It is advisable to trade RH with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 206.22 USD. The next bullish objective for buyers is set at 220.43 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 241.97 USD. PS: if there is a bearish break in the support located at 206.22 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.5
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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
The RH price is 214.87 USD. On the day, this instrument lost -5.65% with the lowest point at 212.39 USD and the highest point at 222.66 USD. The deviation from the price is +1.17% for the low point and -3.50% for the high point.212.39
222.66
214.87
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of RH indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 173.14 | 188.59 | 206.22 | 214.87 | 220.43 | 241.97 |
| Change (%) | -19.42% | -12.23% | -4.03% | - | +2.59% | +12.61% |
| Change | -41.73 | -26.28 | -8.65 | - | +5.56 | +27.10 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 220.08 | 222.33 | 225.04 | 227.29 | 230.00 | 232.25 | 234.96 |
| Camarilla | 226.38 | 226.83 | 227.29 | 227.74 | 228.20 | 228.65 | 229.10 |
| Woodie | 220.30 | 222.45 | 225.26 | 227.41 | 230.22 | 232.37 | 235.18 |
| Fibonacci | 222.33 | 224.23 | 225.40 | 227.29 | 229.19 | 230.36 | 232.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 204.81 | 210.43 | 215.62 | 221.24 | 226.43 | 232.05 | 237.24 |
| Camarilla | 217.83 | 218.82 | 219.81 | 220.80 | 221.79 | 222.78 | 223.77 |
| Woodie | 204.59 | 210.32 | 215.40 | 221.13 | 226.21 | 231.94 | 237.02 |
| Fibonacci | 210.43 | 214.56 | 217.11 | 221.24 | 225.37 | 227.92 | 232.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.16 | 157.53 | 181.58 | 194.95 | 219.00 | 232.37 | 256.42 |
| Camarilla | 195.33 | 198.76 | 202.19 | 205.62 | 209.05 | 212.48 | 215.91 |
| Woodie | 149.49 | 160.20 | 186.91 | 197.62 | 224.33 | 235.04 | 261.75 |
| Fibonacci | 157.53 | 171.83 | 180.66 | 194.95 | 209.25 | 218.08 | 232.37 |
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): | 50.61 | |
| MACD (12,26,9): | 6.9300 | |
| Directional Movement: | -1.22 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 228.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 231.96 | |
| Elder Ray (13): | -3.80 | |
| Super Trend (3,10): | 212.44 | |
| Zig ZAG (10): | 214.87 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 35.12 | |
| TEMA (21): | 227.13 | |
| Williams %R (14): | -91.27 | |
| Chande Momentum Oscillator (20): | -18.13 | |
| Repulse (5,40,3): | -2.6200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.6600 | |
| Courbe Coppock: | 2.73 |
| MA7: | 222.63 | |
| MA20: | 221.50 | |
| MA50: | 199.21 | |
| MA100: | 178.71 | |
| MAexp7: | 222.26 | |
| MAexp20: | 218.03 | |
| MAexp50: | 202.37 | |
| MAexp100: | 182.76 | |
| Price / MA7: | -3.49% | |
| Price / MA20: | -2.99% | |
| Price / MA50: | +7.86% | |
| Price / MA100: | +20.23% | |
| Price / MAexp7: | -3.32% | |
| Price / MAexp20: | -1.45% | |
| Price / MAexp50: | +6.18% | |
| Price / MAexp100: | +17.57% |
News
The latest news and videos published on RH at the time of the analysis were as follows:
-
Restoration Hardware, RH, market, short squeeze, markets, Jim Cramer, Cramer, markets, stock market
- International Truck Launches RH™ Series
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of RH (formerly Restoration Hardware) of a Class Action Lawsuit and a Lead Plaintiff Deadline of April 3, 2017 - RH
- SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in RH of Class Action Lawsuit and Upcoming Deadline - RH
- RH SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against RH - (RH)
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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