DICK S SPORTING GOODS INC - Daily - Technical analysis published on 10/08/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 222.45 USD
My targets
193.63 USD (-6.34%)
181.89 USD (-12.02%)
My analysis
There is a bearish trend on DICK S SPORTING GOODS INC both at the basic level and in the short term. A sale could be considered, so long as the price remains below 222.45 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 193.63 USD. Then the price could move towards 181.89 USD. Then 143.91 USD by extension. Be careful, a return to above the resistance 222.45 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1
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This analysis was given by robby1966. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DICK S SPORTING GOODS INC rating is 206.73 USD. On the day, this instrument gained +0.26% and was traded between 205.32 USD and 208.25 USD over the period. The price is currently at +0.69% from its lowest and -0.73% from its highest.205.32
208.25
206.73
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DICK S SPORTING GOODS INC indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 181.89 | 193.63 | 205.59 | 206.73 | 222.45 | 237.96 |
| Change (%) | -12.02% | -6.34% | -0.55% | - | +7.60% | +15.11% |
| Change | -24.84 | -13.10 | -1.14 | - | +15.72 | +31.23 |
| Level | Minor | Major | Major | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 187.58 | 194.43 | 200.31 | 207.16 | 213.04 | 219.89 | 225.77 |
| Camarilla | 202.70 | 203.87 | 205.03 | 206.20 | 207.37 | 208.53 | 209.70 |
| Woodie | 187.11 | 194.19 | 199.84 | 206.92 | 212.57 | 219.65 | 225.30 |
| Fibonacci | 194.43 | 199.29 | 202.29 | 207.16 | 212.02 | 215.02 | 219.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 189.85 | 195.98 | 205.50 | 211.63 | 221.15 | 227.28 | 236.80 |
| Camarilla | 210.73 | 212.16 | 213.60 | 215.03 | 216.47 | 217.90 | 219.33 |
| Woodie | 191.56 | 196.83 | 207.21 | 212.48 | 222.86 | 228.13 | 238.51 |
| Fibonacci | 195.98 | 201.96 | 205.65 | 211.63 | 217.61 | 221.30 | 227.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.63 | 179.47 | 194.09 | 215.93 | 230.55 | 252.39 | 267.01 |
| Camarilla | 198.67 | 202.02 | 205.36 | 208.70 | 212.04 | 215.38 | 218.73 |
| Woodie | 154.01 | 177.67 | 190.47 | 214.13 | 226.93 | 250.59 | 263.39 |
| Fibonacci | 179.47 | 193.40 | 202.01 | 215.93 | 229.86 | 238.47 | 252.39 |
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): | 42.92 | |
| MACD (12,26,9): | -2.3900 | |
| Directional Movement: | -2.05 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 208.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 222.39 | |
| Elder Ray (13): | -3.11 | |
| Super Trend (3,10): | 222.51 | |
| Zig ZAG (10): | 205.91 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 29.64 | |
| TEMA (21): | 206.42 | |
| Williams %R (14): | -82.02 | |
| Chande Momentum Oscillator (20): | -6.62 | |
| Repulse (5,40,3): | -2.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 3.20 |
| MA7: | 207.70 | |
| MA20: | 211.11 | |
| MA50: | 214.57 | |
| MA100: | 212.24 | |
| MAexp7: | 208.46 | |
| MAexp20: | 211.32 | |
| MAexp50: | 212.91 | |
| MAexp100: | 208.39 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -2.07% | |
| Price / MA50: | -3.65% | |
| Price / MA100: | -2.60% | |
| Price / MAexp7: | -0.83% | |
| Price / MAexp20: | -2.17% | |
| Price / MAexp50: | -2.90% | |
| Price / MAexp100: | -0.80% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on DICK S SPORTING GOODS INC. At the time of publication of this analysis, the latest news was as follows:
- 10 Years Later: Back on the Field With the MLK High School Football Team
- The DICK'S Sporting Goods Foundation Quarterly Giving Series: Q2 2024
- DICK'S Sporting Goods Expands Supply Chain Network With New Distribution Center in Fort Worth, Texas
- GameChanger Launches New Program To Keep Kids Active in Youth Sports
- Living the Summer of Sport at DICK'S Sporting Goods
This member declared not having a position on this financial instrument or a related financial instrument.
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