TOPBUILD CORP. - Daily - Technical analysis published on 11/14/2019 (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
83%
6%
11%
My opinion
Bullish above 101.94 USD
My targets
110.27 USD (+0.64%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TOPBUILD CORP. as long as the price remains well above 101.94 USD. The buyers” bullish objective is set at 110.27 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.6
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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
TOPBUILD CORP. rating 109.57 USD. The price registered an increase of +0.06% on the session and was between 108.98 USD and 110.84 USD. This implies that the price is at +0.54% from its lowest and at -1.15% from its highest.108.98
110.84
109.57
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TOPBUILD CORP. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
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 | 86.67 | 92.87 | 101.94 | 109.57 | 110.27 |
| Change (%) | -20.90% | -15.24% | -6.96% | - | +0.64% |
| Change | -22.90 | -16.70 | -7.63 | - | +0.70 |
| Level | Major | Major | Intermediate | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 103.68 | 105.02 | 107.26 | 108.59 | 110.84 | 112.17 | 114.41 |
| Camarilla | 108.52 | 108.84 | 109.17 | 109.50 | 109.83 | 110.16 | 110.48 |
| Woodie | 104.13 | 105.24 | 107.71 | 108.82 | 111.29 | 112.40 | 114.87 |
| Fibonacci | 105.02 | 106.38 | 107.23 | 108.59 | 109.96 | 110.81 | 112.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.60 | 99.19 | 102.29 | 106.88 | 109.98 | 114.57 | 117.67 |
| Camarilla | 103.27 | 103.97 | 104.68 | 105.38 | 106.09 | 106.79 | 107.50 |
| Woodie | 93.85 | 98.82 | 101.54 | 106.51 | 109.23 | 114.20 | 116.92 |
| Fibonacci | 99.19 | 102.13 | 103.95 | 106.88 | 109.82 | 111.64 | 114.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.05 | 85.18 | 94.55 | 100.69 | 110.06 | 116.20 | 125.57 |
| Camarilla | 99.67 | 101.09 | 102.51 | 103.93 | 105.35 | 106.77 | 108.20 |
| Woodie | 80.67 | 85.99 | 96.18 | 101.50 | 111.68 | 117.01 | 127.19 |
| Fibonacci | 85.18 | 91.10 | 94.76 | 100.69 | 106.61 | 110.27 | 116.20 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.43 | |
| MACD (12,26,9): | 3.0400 | |
| Directional Movement: | 12.20 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 108.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 102.13 | |
| Elder Ray (13): | 3.81 | |
| Super Trend (3,10): | 99.82 | |
| Zig ZAG (10): | 109.61 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 85.58 | |
| TEMA (21): | 109.25 | |
| Williams %R (14): | -10.72 | |
| Chande Momentum Oscillator (20): | 11.93 | |
| Repulse (5,40,3): | 2.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3800 | |
| Courbe Coppock: | 14.98 |
| MA7: | 107.16 | |
| MA20: | 103.89 | |
| MA50: | 98.85 | |
| MA100: | 92.33 | |
| MAexp7: | 107.02 | |
| MAexp20: | 104.54 | |
| MAexp50: | 99.55 | |
| MAexp100: | 93.21 | |
| Price / MA7: | +2.25% | |
| Price / MA20: | +5.47% | |
| Price / MA50: | +10.84% | |
| Price / MA100: | +18.67% | |
| Price / MAexp7: | +2.38% | |
| Price / MAexp20: | +4.81% | |
| Price / MAexp50: | +10.07% | |
| Price / MAexp100: | +17.55% |
News
The last news published on TOPBUILD CORP. at the time of the generation of this analysis was as follows:
- TopBuild Corp. to Host Earnings Call
- TopBuild Acquires Canyon Insulation
- TopBuild to Present at J.P. Morgan Homebuilding & Building Products Conference Wednesday, May 17 at 1:50 p.m.
- TopBuild Reports Strong First Quarter 2017 Results
- TopBuild Acquires Superior Insulation Products
This member declared not having a position on this financial instrument or a related financial instrument.
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