DIAMOND HILL INVESTMENT GROUP - Daily - Technical analysis published on 09/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 140.99 USD
My targets
133.52 USD (-0.96%)
127.18 USD (-5.66%)
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 140.99 USD remains possible. It is advisable to trade DIAMOND HILL INVESTMENT GROUP with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 140.99 USD. The next bearish objective for sellers is set at 133.52 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 127.18 USD. In case of crossing, the next objective would be the support located at 111.24 USD. PS: if there is a bullish break in the resistance located at 140.99 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.
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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
DIAMOND HILL INVESTMENT GROUP rating 134.81 USD. The price has increased by +0.44% since the last closing and was between 133.02 USD and 135.61 USD. This implies that the price is at +1.35% from its lowest and at -0.59% from its highest.133.02
135.61
134.81
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DIAMOND HILL INVESTMENT GROUP 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 111.24 | 127.18 | 133.52 | 134.81 | 140.99 | 148.27 | 154.21 |
| Change (%) | -17.48% | -5.66% | -0.96% | - | +4.58% | +9.98% | +14.39% |
| Change | -23.57 | -7.63 | -1.29 | - | +6.18 | +13.46 | +19.40 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.00 | 132.75 | 133.49 | 134.24 | 134.98 | 135.73 | 136.47 |
| Camarilla | 133.81 | 133.95 | 134.08 | 134.22 | 134.36 | 134.49 | 134.63 |
| Woodie | 131.99 | 132.75 | 133.48 | 134.24 | 134.97 | 135.73 | 136.46 |
| Fibonacci | 132.75 | 133.32 | 133.67 | 134.24 | 134.81 | 135.16 | 135.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.77 | 126.35 | 130.63 | 133.21 | 137.49 | 140.07 | 144.35 |
| Camarilla | 133.01 | 133.64 | 134.27 | 134.90 | 135.53 | 136.16 | 136.79 |
| Woodie | 124.61 | 126.78 | 131.47 | 133.64 | 138.33 | 140.50 | 145.19 |
| Fibonacci | 126.35 | 128.97 | 130.59 | 133.21 | 135.83 | 137.45 | 140.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.88 | 117.73 | 126.31 | 133.16 | 141.74 | 148.59 | 157.17 |
| Camarilla | 130.66 | 132.07 | 133.49 | 134.90 | 136.31 | 137.73 | 139.14 |
| Woodie | 111.76 | 118.16 | 127.19 | 133.59 | 142.62 | 149.02 | 158.05 |
| Fibonacci | 117.73 | 123.62 | 127.26 | 133.16 | 139.05 | 142.69 | 148.59 |
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): | 53.00 | |
| MACD (12,26,9): | -0.6000 | |
| Directional Movement: | -0.61 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 132.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 128.43 | |
| Elder Ray (13): | 1.29 | |
| Super Trend (3,10): | 136.77 | |
| Zig ZAG (10): | 134.81 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 83.88 | |
| TEMA (21): | 132.84 | |
| Williams %R (14): | -8.82 | |
| Chande Momentum Oscillator (20): | 5.27 | |
| Repulse (5,40,3): | 0.6500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 2.00 |
| MA7: | 133.83 | |
| MA20: | 132.17 | |
| MA50: | 136.06 | |
| MA100: | 139.41 | |
| MAexp7: | 133.57 | |
| MAexp20: | 133.24 | |
| MAexp50: | 135.49 | |
| MAexp100: | 138.95 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | +2.00% | |
| Price / MA50: | -0.92% | |
| Price / MA100: | -3.30% | |
| Price / MAexp7: | +0.93% | |
| Price / MAexp20: | +1.18% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -2.98% |
News
Don"t forget to follow the news on DIAMOND HILL INVESTMENT GROUP. At the time of publication of this analysis, the latest news was as follows:
- Diamond Hill Investment Group, Inc. Reports Results For Second Quarter 2019
- Diamond Hill Appoints Heather E. Brilliant President and Chief Executive Officer
- Diamond Hill Investment Group, Inc. Reports Results For First Quarter 2019
- Diamond Hill Appoints New Board Members And Announces Ric Dillon's Retirement As Board Chairman
- Diamond Hill Investment Group, Inc. Reports 2018 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
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