DMC GLOBAL INC. - Daily - Technical analysis published on 01/02/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 48.08 USD
My targets
42.94 USD (-4.45%)
38.59 USD (-14.13%)
My analysis
In the short term, we can see an acceleration in the bearish trend on DMC GLOBAL INC., which is a positive signal for sellers. As long as the price remains above 48.08 USD, a sale could be considered. The first bearish objective is located at 42.94 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 38.59 USD as an objective. Crossing it would then enable sellers to target 29.26 USD. If the price were to return above 48.08 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.5
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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
The DMC GLOBAL INC. price is 44.94 USD. On the day, this instrument gained +1.70% and was between 43.81 USD and 45.35 USD. This implies that the price is at +2.58% from its lowest and at -0.90% from its highest.43.81
45.35
44.94
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DMC GLOBAL INC.:
Technical
Technical analysis of this Daily chart of DMC GLOBAL INC. indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This 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 price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 29.26 | 38.59 | 42.94 | 44.94 | 50.60 | 59.78 | 64.79 |
| Change (%) | -34.89% | -14.13% | -4.45% | - | +12.59% | +33.02% | +44.17% |
| Change | -15.68 | -6.35 | -2.00 | - | +5.66 | +14.84 | +19.85 |
| Level | Major | Minor | Major | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.92 | 43.53 | 43.86 | 44.47 | 44.80 | 45.41 | 45.74 |
| Camarilla | 43.93 | 44.02 | 44.10 | 44.19 | 44.28 | 44.36 | 44.45 |
| Woodie | 42.78 | 43.46 | 43.72 | 44.40 | 44.66 | 45.34 | 45.60 |
| Fibonacci | 43.53 | 43.89 | 44.11 | 44.47 | 44.83 | 45.05 | 45.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.48 | 43.25 | 44.02 | 44.79 | 45.56 | 46.33 | 47.10 |
| Camarilla | 44.36 | 44.50 | 44.64 | 44.78 | 44.92 | 45.06 | 45.20 |
| Woodie | 42.47 | 43.25 | 44.01 | 44.79 | 45.55 | 46.33 | 47.09 |
| Fibonacci | 43.25 | 43.84 | 44.21 | 44.79 | 45.38 | 45.75 | 46.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.26 | 41.25 | 43.67 | 45.66 | 48.08 | 50.07 | 52.49 |
| Camarilla | 44.88 | 45.28 | 45.69 | 46.09 | 46.49 | 46.90 | 47.30 |
| Woodie | 39.48 | 41.36 | 43.89 | 45.77 | 48.30 | 50.18 | 52.71 |
| Fibonacci | 41.25 | 42.94 | 43.98 | 45.66 | 47.35 | 48.39 | 50.07 |
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): | 44.90 | |
| MACD (12,26,9): | -0.4500 | |
| Directional Movement: | -10.19 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 45.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.30 | |
| Elder Ray (13): | -1.18 | |
| Super Trend (3,10): | 49.55 | |
| Zig ZAG (10): | 44.94 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 21.77 | |
| TEMA (21): | 44.80 | |
| Williams %R (14): | -75.72 | |
| Chande Momentum Oscillator (20): | -7.31 | |
| Repulse (5,40,3): | 1.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 17.65 |
| MA7: | 44.89 | |
| MA20: | 47.19 | |
| MA50: | 45.70 | |
| MA100: | 44.47 | |
| MAexp7: | 45.10 | |
| MAexp20: | 46.09 | |
| MAexp50: | 45.95 | |
| MAexp100: | 46.88 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -4.77% | |
| Price / MA50: | -1.66% | |
| Price / MA100: | +1.06% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -2.50% | |
| Price / MAexp50: | -2.20% | |
| Price / MAexp100: | -4.14% |
News
Don"t forget to follow the news on DMC GLOBAL INC.. At the time of publication of this analysis, the latest news was as follows:
- DMC Global Declares Quarterly Cash Dividend
- DMC Global Revises Fourth Quarter Sales Forecast
- DMC Global Reports Third Quarter Financial Results
- DMC Global Schedules Third Quarter Earnings Release and Conference Call
- DMC Global Increases Cash Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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