LAMB WESTON HOLDINGS INC. - Daily - Technical analysis published on 11/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 74.94 USD
My targets
77.05 USD (+0.25%)
83.35 USD (+8.44%)
My analysis
The bullish trend is currently very strong on LAMB WESTON HOLDINGS INC.. As long as the price remains above the support at 74.94 USD, you could try to benefit from the boom. The first bullish objective is located at 77.05 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 83.35 USD as an objective. 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
7.9
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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
LAMB WESTON HOLDINGS INC. rating 76.86 USD. The price registered a decrease of -0.45% on the session and was between 76.62 USD and 77.49 USD. This implies that the price is at +0.31% from its lowest and at -0.81% from its highest.76.62
77.49
76.86
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this LAMB WESTON HOLDINGS INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 63.49 | 67.77 | 74.94 | 76.86 | 77.05 | 83.35 |
| Change (%) | -17.40% | -11.83% | -2.50% | - | +0.25% | +8.44% |
| Change | -13.37 | -9.09 | -1.92 | - | +0.19 | +6.49 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate |
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 | 76.01 | 76.70 | 77.14 | 77.83 | 78.26 | 78.95 | 79.39 |
| Camarilla | 77.26 | 77.36 | 77.47 | 77.57 | 77.67 | 77.78 | 77.88 |
| Woodie | 75.88 | 76.64 | 77.01 | 77.76 | 78.13 | 78.89 | 79.26 |
| Fibonacci | 76.70 | 77.13 | 77.40 | 77.83 | 78.26 | 78.52 | 78.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.08 | 73.52 | 75.45 | 76.88 | 78.81 | 80.24 | 82.17 |
| Camarilla | 76.45 | 76.75 | 77.06 | 77.37 | 77.68 | 77.99 | 78.30 |
| Woodie | 72.33 | 73.64 | 75.69 | 77.00 | 79.05 | 80.37 | 82.41 |
| Fibonacci | 73.52 | 74.80 | 75.60 | 76.88 | 78.17 | 78.96 | 80.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.99 | 69.65 | 73.85 | 76.52 | 80.71 | 83.38 | 87.57 |
| Camarilla | 76.15 | 76.78 | 77.41 | 78.04 | 78.67 | 79.30 | 79.93 |
| Woodie | 67.75 | 70.04 | 74.61 | 76.90 | 81.47 | 83.76 | 88.33 |
| Fibonacci | 69.65 | 72.28 | 73.90 | 76.52 | 79.14 | 80.76 | 83.38 |
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): | 57.75 | |
| MACD (12,26,9): | 0.9000 | |
| Directional Movement: | 7.85 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 77.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 73.85 | |
| Elder Ray (13): | 0.60 | |
| Super Trend (3,10): | 73.92 | |
| Zig ZAG (10): | 76.86 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 81.17 | |
| TEMA (21): | 77.06 | |
| Williams %R (14): | -33.47 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 1.88 |
| MA7: | 76.78 | |
| MA20: | 76.16 | |
| MA50: | 73.92 | |
| MA100: | 69.47 | |
| MAexp7: | 76.88 | |
| MAexp20: | 76.03 | |
| MAexp50: | 73.88 | |
| MAexp100: | 71.56 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.92% | |
| Price / MA50: | +3.98% | |
| Price / MA100: | +10.64% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +1.09% | |
| Price / MAexp50: | +4.03% | |
| Price / MAexp100: | +7.41% |
News
The latest news and videos published on LAMB WESTON HOLDINGS INC. at the time of the analysis were as follows:
- Lamb Weston Forms New Joint Venture in Argentina to Serve South American Market
- Lamb Weston Products Earn Master Chefs' Institute Seal of Excellence
- Lamb Weston Reports Fiscal First Quarter 2020 Results; Reaffirms Fiscal Year 2020 Outlook
- Lamb Weston Holdings Declares Quarterly Dividend
- Lamb Weston Announces Details of Fiscal 2020 First Quarter Earnings Release and Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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