GRUBHUB INC.
GRUBHUB INC.
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: GRUB
ISIN:

GRUBHUB INC. - Daily - Technical analysis published on 10/17/2019 (GMT)

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  • 10/17/2019 - 21:28
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  • Timeframe : Daily
  • - Analysis generated on 10/17/2019 - 21:26
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 61.68 USD
My targets
52.30 USD (-8.76%)
43.22 USD (-24.60%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 61.68 USD remains possible. It is advisable to trade GRUBHUB INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 61.68 USD. The next bearish objective for sellers is set at 52.30 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 43.22 USD. In case of crossing, the next objective would be the support located at 32.89 USD. PS: if there is a bullish break in the resistance located at 61.68 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
1.1

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.

Additional analysis

Quotes

The GRUBHUB INC. rating is 57.32 USD. The price registered an increase of +3.02% on the session with the lowest point at 56.17 USD and the highest point at 57.54 USD. The deviation from the price is +2.05% for the low point and -0.38% for the high point.

56.17
57.54
57.32

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-75-50-2502550January 1st3 years1 year6 months1 month5 daysToday

Technical


A technical analysis in Daily of this GRUBHUB INC. chart shows a bearish trend. 75% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Daily


Bearish harami cross

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 32.89 43.22 52.30 57.32 61.68 71.51 79.88
Change (%) -42.62% -24.60% -8.76% - +7.61% +24.76% +39.36%
Change -24.43 -14.10 -5.02 - +4.36 +14.19 +22.56
Level Minor Major Major - Major Minor Major



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
Standard53.5654.2754.9555.6656.3457.0557.73
Camarilla55.2655.3955.5155.6455.7755.9056.02
Woodie53.5654.2654.9555.6556.3457.0457.73
Fibonacci54.2754.8055.1355.6656.1956.5257.05


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard48.1149.8452.4854.2156.8558.5861.22
Camarilla53.9254.3254.7255.1255.5255.9256.32
Woodie48.5750.0752.9454.4457.3158.8161.68
Fibonacci49.8451.5152.5454.2155.8856.9158.58


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard35.9744.6050.4159.0464.8573.4879.29
Camarilla52.2453.5654.8956.2157.5358.8660.18
Woodie34.5543.9048.9958.3463.4372.7877.87
Fibonacci44.6050.1253.5359.0464.5667.9773.48

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Created with Raphaël 2.3.0Buy12
Moving averages
Created with Raphaël 2.3.0Sell21

RSI (14): 50.54
MACD (12,26,9): -1.4400
Directional Movement: 6.13
AROON (14): 35.71
DEMA (21): 54.15
Parabolic SAR (0,02-0,02-0,2): 52.26
Elder Ray (13): 1.21
Super Trend (3,10): 60.75
Zig ZAG (10): 57.32
VORTEX (21): 0.8200
Stochastique (14,3,5): 71.03
TEMA (21): 54.54
Williams %R (14): -14.43
Chande Momentum Oscillator (20): 0.87
Repulse (5,40,3): 3.1000
ROCnROLL: -1
TRIX (15,9): -0.4800
Courbe Coppock: 5.28
MA7: 55.00
MA20: 55.50
MA50: 59.36
MA100: 65.57
MAexp7: 55.59
MAexp20: 56.32
MAexp50: 59.72
MAexp100: 63.81
Price / MA7: +4.22%
Price / MA20: +3.28%
Price / MA50: -3.44%
Price / MA100: -12.58%
Price / MAexp7: +3.11%
Price / MAexp20: +1.78%
Price / MAexp50: -4.02%
Price / MAexp100: -10.17%

This member declared not having a position on this financial instrument or a related financial instrument.

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