AVANGRID INC. - Daily - Technical analysis published on 10/08/2019 (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
11%
39%
50%
My opinion
Bullish above 50.44 USD
My targets
51.19 USD (+0.41%)
51.84 USD (+1.69%)
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 50.44 USD remains possible. It is advisable to trade AVANGRID INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 50.44 USD. The next bullish objective for buyers is set at 51.19 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 51.84 USD. If there is any crossing, the next objective would be the resistance located at 52.25 USD. PS: if there is a bearish break in the support located at 50.44 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 opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
2.3
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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 AVANGRID INC. price is 50.98 USD. On the day, this instrument lost -1.09% with the lowest point at 50.87 USD and the highest point at 51.36 USD. The deviation from the price is +0.22% for the low point and -0.74% for the high point.50.87
51.36
50.98
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AVANGRID INC. in Daily shows an overall bullish trend. 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 is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
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 | 48.42 | 49.55 | 50.44 | 50.98 | 51.19 | 51.84 | 52.25 |
| Change (%) | -5.02% | -2.81% | -1.06% | - | +0.41% | +1.69% | +2.49% |
| Change | -2.56 | -1.43 | -0.54 | - | +0.21 | +0.86 | +1.27 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 50.53 | 50.73 | 51.14 | 51.34 | 51.75 | 51.95 | 52.36 |
| Camarilla | 51.37 | 51.43 | 51.48 | 51.54 | 51.60 | 51.65 | 51.71 |
| Woodie | 50.63 | 50.78 | 51.24 | 51.39 | 51.85 | 52.00 | 52.46 |
| Fibonacci | 50.73 | 50.97 | 51.11 | 51.34 | 51.58 | 51.72 | 51.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.29 | 50.11 | 50.83 | 51.65 | 52.37 | 53.19 | 53.91 |
| Camarilla | 51.12 | 51.26 | 51.40 | 51.54 | 51.68 | 51.82 | 51.96 |
| Woodie | 49.23 | 50.09 | 50.77 | 51.63 | 52.31 | 53.17 | 53.85 |
| Fibonacci | 50.11 | 50.70 | 51.07 | 51.65 | 52.24 | 52.61 | 53.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.61 | 47.83 | 50.04 | 51.26 | 53.47 | 54.69 | 56.90 |
| Camarilla | 51.31 | 51.62 | 51.94 | 52.25 | 52.56 | 52.88 | 53.19 |
| Woodie | 47.11 | 48.08 | 50.54 | 51.51 | 53.97 | 54.94 | 57.40 |
| Fibonacci | 47.83 | 49.14 | 49.95 | 51.26 | 52.57 | 53.38 | 54.69 |
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): | 49.04 | |
| MACD (12,26,9): | 0.3600 | |
| Directional Movement: | 1.62 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 51.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.39 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 50.21 | |
| Zig ZAG (10): | 50.98 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 26.73 | |
| TEMA (21): | 51.82 | |
| Williams %R (14): | -92.02 | |
| Chande Momentum Oscillator (20): | -0.28 | |
| Repulse (5,40,3): | -0.9200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 2.77 |
| MA7: | 51.63 | |
| MA20: | 51.38 | |
| MA50: | 50.25 | |
| MA100: | 50.11 | |
| MAexp7: | 51.44 | |
| MAexp20: | 51.26 | |
| MAexp50: | 50.62 | |
| MAexp100: | 50.15 | |
| Price / MA7: | -1.26% | |
| Price / MA20: | -0.78% | |
| Price / MA50: | +1.45% | |
| Price / MA100: | +1.74% | |
| Price / MAexp7: | -0.89% | |
| Price / MAexp20: | -0.55% | |
| Price / MAexp50: | +0.71% | |
| Price / MAexp100: | +1.66% |
News
Don"t forget to follow the news on AVANGRID INC.. At the time of publication of this analysis, the latest news was as follows:
- Avangrid Renewables to Sell Stake in Arizona Wind and Solar Projects
- Dairyland & Avangrid Renewables Announce New Wind Contract
- AVANGRID Declares Quarterly Dividend
- AVANGRID Reports Fourth Quarter and Full Year 2018 Earnings Results and Provides 2019 Earnings Outlook
- AVANGRID Declares Quarterly Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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