BURLINGTON STORES INC. - Daily - Technical analysis published on 10/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 192.48 USD
My targets
205.42 USD (+4.95%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BURLINGTON STORES INC.. As long as you are above the support located at 192.48 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 205.42 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 192.48 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, 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 BURLINGTON STORES INC. rating is 195.73 USD. The price has increased by +1.22% since the last closing and was traded between 190.23 USD and 196.12 USD over the period. The price is currently at +2.89% from its lowest and -0.20% from its highest.190.23
196.12
195.73
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BURLINGTON STORES INC. indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 167.86 | 176.01 | 192.48 | 195.73 | 205.42 |
| Change (%) | -14.24% | -10.08% | -1.66% | - | +4.95% |
| Change | -27.87 | -19.72 | -3.25 | - | +9.69 |
| Level | Intermediate | Major | Major | - | Major |
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 | 190.24 | 191.37 | 192.37 | 193.50 | 194.50 | 195.63 | 196.63 |
| Camarilla | 192.78 | 192.98 | 193.18 | 193.37 | 193.57 | 193.76 | 193.96 |
| Woodie | 190.18 | 191.34 | 192.31 | 193.47 | 194.44 | 195.60 | 196.57 |
| Fibonacci | 191.37 | 192.18 | 192.69 | 193.50 | 194.31 | 194.82 | 195.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 188.93 | 193.64 | 198.05 | 202.76 | 207.17 | 211.88 | 216.29 |
| Camarilla | 199.94 | 200.78 | 201.61 | 202.45 | 203.29 | 204.12 | 204.96 |
| Woodie | 188.77 | 193.57 | 197.89 | 202.69 | 207.01 | 211.81 | 216.13 |
| Fibonacci | 193.64 | 197.13 | 199.28 | 202.76 | 206.25 | 208.40 | 211.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 173.36 | 181.07 | 190.44 | 198.15 | 207.52 | 215.23 | 224.60 |
| Camarilla | 195.12 | 196.69 | 198.25 | 199.82 | 201.39 | 202.95 | 204.52 |
| Woodie | 174.20 | 181.49 | 191.28 | 198.57 | 208.36 | 215.65 | 225.44 |
| Fibonacci | 181.07 | 187.59 | 191.62 | 198.15 | 204.67 | 208.70 | 215.23 |
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): | 48.37 | |
| MACD (12,26,9): | 0.7500 | |
| Directional Movement: | -6.40 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 198.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 207.18 | |
| Elder Ray (13): | -4.41 | |
| Super Trend (3,10): | 190.91 | |
| Zig ZAG (10): | 195.73 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 25.74 | |
| TEMA (21): | 197.02 | |
| Williams %R (14): | -68.12 | |
| Chande Momentum Oscillator (20): | 3.14 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 2.11 |
| MA7: | 198.64 | |
| MA20: | 197.56 | |
| MA50: | 193.15 | |
| MA100: | 183.53 | |
| MAexp7: | 196.96 | |
| MAexp20: | 197.39 | |
| MAexp50: | 193.01 | |
| MAexp100: | 185.52 | |
| Price / MA7: | -1.46% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | +1.34% | |
| Price / MA100: | +6.65% | |
| Price / MAexp7: | -0.62% | |
| Price / MAexp20: | -0.84% | |
| Price / MAexp50: | +1.41% | |
| Price / MAexp100: | +5.50% |
News
The last news published on BURLINGTON STORES INC. at the time of the generation of this analysis was as follows:
- CFDA Designer Christian Siriano to Style Young Cancer Survivors
- Burlington Stores Donates $2 Million to AdoptAClassroom.org to Support Teachers and Students as They Head Back to School
- Report: Developing Opportunities within Incyte, Burlington Stores, Hannon Armstrong Sustainable Infrastructure Capital, iRobot, Lear, and Menlo Therapeutics — Future Expectations, Projections Moving into 2019
- Horizon Media Awarded Burlington Stores’ Media Business
- New Research: Key Drivers of Growth for ARRIS International plc, Tapestry, Dollar General, AMC Entertainment, Covanta Holding, and Burlington Stores — Factors of Influence, Major Initiatives and Sustained Production
This member declared not having a position on this financial instrument or a related financial instrument.
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