EAGLE MATERIALS INC - Daily - Technical analysis published on 12/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
67%
17%
My opinion
Bearish under 95.90 USD
My targets
87.24 USD (-3.16%)
84.17 USD (-6.57%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for EAGLE MATERIALS INC as long as the price remains well below 95.90 USD. The next bearish objective for sellers is set at 87.24 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 84.17 USD. In case of crossing, the next objective would be the support located at 79.38 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 87.24 USD. With this support, against the trend traders who want to buy EAGLE MATERIALS INC on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
2.3
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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 EAGLE MATERIALS INC price is 90.09 USD. On the day, this instrument gained +0.60% and was traded between 88.87 USD and 90.34 USD over the period. The price is currently at +1.37% from its lowest and -0.28% from its highest.88.87
90.34
90.09
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
Here is a more detailed summary of the historical variations registered by EAGLE MATERIALS INC:
Technical
Technical analysis of EAGLE MATERIALS INC in Daily shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 79.38 | 84.17 | 87.24 | 90.09 | 90.29 | 95.90 | 104.73 |
| Change (%) | -11.89% | -6.57% | -3.16% | - | +0.22% | +6.45% | +16.25% |
| Change | -10.71 | -5.92 | -2.85 | - | +0.20 | +5.81 | +14.64 |
| Level | Major | Intermediate | Major | - | Major | Major | 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 | 86.95 | 87.88 | 88.72 | 89.65 | 90.49 | 91.42 | 92.26 |
| Camarilla | 89.06 | 89.23 | 89.39 | 89.55 | 89.71 | 89.87 | 90.04 |
| Woodie | 86.90 | 87.86 | 88.67 | 89.63 | 90.44 | 91.40 | 92.21 |
| Fibonacci | 87.88 | 88.56 | 88.98 | 89.65 | 90.33 | 90.75 | 91.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.36 | 88.53 | 90.55 | 91.73 | 93.75 | 94.93 | 96.95 |
| Camarilla | 91.69 | 91.98 | 92.28 | 92.57 | 92.86 | 93.16 | 93.45 |
| Woodie | 87.78 | 88.74 | 90.97 | 91.94 | 94.17 | 95.14 | 97.37 |
| Fibonacci | 88.53 | 89.76 | 90.51 | 91.73 | 92.95 | 93.71 | 94.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.60 | 84.53 | 88.27 | 92.20 | 95.94 | 99.87 | 103.61 |
| Camarilla | 89.90 | 90.60 | 91.31 | 92.01 | 92.71 | 93.42 | 94.12 |
| Woodie | 80.50 | 84.48 | 88.18 | 92.15 | 95.85 | 99.82 | 103.52 |
| Fibonacci | 84.53 | 87.46 | 89.27 | 92.20 | 95.13 | 96.94 | 99.87 |
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): | 43.50 | |
| MACD (12,26,9): | -0.3800 | |
| Directional Movement: | -5.81 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 91.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 94.41 | |
| Elder Ray (13): | -1.74 | |
| Super Trend (3,10): | 89.50 | |
| Zig ZAG (10): | 90.09 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 21.21 | |
| TEMA (21): | 90.50 | |
| Williams %R (14): | -77.75 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.80 |
| MA7: | 91.10 | |
| MA20: | 91.85 | |
| MA50: | 91.87 | |
| MA100: | 88.64 | |
| MAexp7: | 90.91 | |
| MAexp20: | 91.59 | |
| MAexp50: | 91.20 | |
| MAexp100: | 89.47 | |
| Price / MA7: | -1.11% | |
| Price / MA20: | -1.92% | |
| Price / MA50: | -1.94% | |
| Price / MA100: | +1.64% | |
| Price / MAexp7: | -0.90% | |
| Price / MAexp20: | -1.64% | |
| Price / MAexp50: | -1.22% | |
| Price / MAexp100: | +0.69% |
News
The last news published on EAGLE MATERIALS INC at the time of the generation of this analysis was as follows:
- Eagle Materials Schedules Second Quarter Fiscal 2020 Earnings Release and Conference Call with Senior Management
- Recent Analysis Shows Liberty Broadband, Primerica, Adtalem Global Education, Newpark Resources, Varian Medical, and Eagle Materials Market Influences — Renewed Outlook, Key Drivers of Growth
- Eagle Materials Inc. to Host Earnings Call
- Analysis: Positioning to Benefit within Aerohive Networks, Eagle Materials, Boot Barn, Health Insurance Innovations, EMCOR Group, and Adtalem Global Education — Research Highlights Growth, Revenue, and Consolidated Results
- Eagle Materials Inc. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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