TRINSEO PLC - Daily - Technical analysis published on 01/27/2020 (GMT)
- 265
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 33.36 USD
My targets
30.08 USD (-7.53%)
27.60 USD (-15.16%)
My analysis
The bearish trend is currently very strong for TRINSEO S.A.. As long as the price remains below the resistance at 33.36 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 30.08 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 27.60 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
7.1
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
TRINSEO S.A. rating 32.53 USD. On the day, this instrument lost -4.32% and was traded between 32.39 USD and 33.92 USD over the period. The price is currently at +0.43% from its lowest and -4.10% from its highest.32.39
33.92
32.53
Here is a more detailed summary of the historical variations registered by TRINSEO S.A.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of TRINSEO S.A. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is under support 1
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 over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Piercing line
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 27.60 | 30.08 | 32.53 | 33.36 | 36.89 | 42.39 |
| Change (%) | -15.16% | -7.53% | - | +2.55% | +13.40% | +30.31% |
| Change | -4.93 | -2.45 | - | +0.83 | +4.36 | +9.86 |
| Level | Major | Minor | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.91 | 31.55 | 32.78 | 33.42 | 34.65 | 35.29 | 36.52 |
| Camarilla | 33.49 | 33.66 | 33.83 | 34.00 | 34.17 | 34.34 | 34.51 |
| Woodie | 31.20 | 31.70 | 33.07 | 33.57 | 34.94 | 35.44 | 36.81 |
| Fibonacci | 31.55 | 32.27 | 32.71 | 33.42 | 34.14 | 34.58 | 35.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.10 | 30.58 | 32.78 | 34.26 | 36.46 | 37.94 | 40.14 |
| Camarilla | 33.97 | 34.31 | 34.64 | 34.98 | 35.32 | 35.66 | 35.99 |
| Woodie | 29.46 | 30.76 | 33.14 | 34.44 | 36.82 | 38.12 | 40.50 |
| Fibonacci | 30.58 | 31.99 | 32.85 | 34.26 | 35.67 | 36.53 | 37.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.01 | 32.10 | 34.45 | 36.54 | 38.89 | 40.98 | 43.33 |
| Camarilla | 35.57 | 35.98 | 36.39 | 36.79 | 37.20 | 37.61 | 38.01 |
| Woodie | 30.13 | 32.16 | 34.57 | 36.60 | 39.01 | 41.04 | 43.45 |
| Fibonacci | 32.10 | 33.80 | 34.84 | 36.54 | 38.24 | 39.28 | 40.98 |
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): | 31.28 | |
| MACD (12,26,9): | -0.9900 | |
| Directional Movement: | -21.17 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 33.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 35.67 | |
| Elder Ray (13): | -1.11 | |
| Super Trend (3,10): | 36.72 | |
| Zig ZAG (10): | 32.53 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 29.08 | |
| TEMA (21): | 33.39 | |
| Williams %R (14): | -87.23 | |
| Chande Momentum Oscillator (20): | -1.88 | |
| Repulse (5,40,3): | -3.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 10.80 |
| MA7: | 34.10 | |
| MA20: | 34.81 | |
| MA50: | 36.90 | |
| MA100: | 39.34 | |
| MAexp7: | 33.79 | |
| MAexp20: | 34.76 | |
| MAexp50: | 36.53 | |
| MAexp100: | 37.80 | |
| Price / MA7: | -4.60% | |
| Price / MA20: | -6.55% | |
| Price / MA50: | -11.84% | |
| Price / MA100: | -17.31% | |
| Price / MAexp7: | -3.73% | |
| Price / MAexp20: | -6.42% | |
| Price / MAexp50: | -10.95% | |
| Price / MAexp100: | -13.94% |
News
The last news published on TRINSEO S.A. at the time of the generation of this analysis was as follows:
- Trinseo Announces Release Date and Conference Call for its Fourth Quarter & Full Year 2019 Financial Results
- Trinseo Features Prominently at K Show 2019 Highlighting Rethinking Innovation
- Trinseo to Build New TPE Pilot Facility in Hsinchu, Taiwan
- Trinseo Announces Executive Leadership Changes
- Trinseo Completes Acquisition of Latex Binders Assets and Rheinmunster Site in Germany
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis TRINSEO PLC - Daily