EBIX INC. - Daily - Technical analysis published on 08/08/2019 (GMT)
- 367
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
EBIX INC. Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 47.31 USD
My targets
40.38 USD (-0.74%)
29.72 USD (-26.94%)
My analysis
EBIX INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 47.31 USD. The next support located at 40.38 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 29.72 USD. Below this support, sellers could then target 12.69 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay.
Additional analysis
Quotes
EBIX INC. rating 40.68 USD. The price has increased by +0.57% since the last closing with the lowest point at 39.91 USD and the highest point at 40.90 USD. The deviation from the price is +1.93% for the low point and -0.54% for the high point.39.91
40.90
40.68
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EBIX INC.:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EBIX INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
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
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:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.69 | 29.72 | 40.38 | 40.68 | 47.31 | 51.50 | 53.40 |
| Change (%) | -68.81% | -26.94% | -0.74% | - | +16.30% | +26.60% | +31.27% |
| Change | -27.99 | -10.96 | -0.30 | - | +6.63 | +10.82 | +12.72 |
| Level | Minor | Major | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.52 | 38.77 | 39.61 | 40.86 | 41.70 | 42.95 | 43.79 |
| Camarilla | 39.88 | 40.07 | 40.26 | 40.45 | 40.64 | 40.83 | 41.03 |
| Woodie | 37.32 | 38.67 | 39.41 | 40.76 | 41.50 | 42.85 | 43.59 |
| Fibonacci | 38.77 | 39.57 | 40.06 | 40.86 | 41.66 | 42.15 | 42.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.59 | 40.04 | 41.61 | 44.06 | 45.63 | 48.08 | 49.65 |
| Camarilla | 42.09 | 42.45 | 42.82 | 43.19 | 43.56 | 43.93 | 44.30 |
| Woodie | 37.16 | 39.82 | 41.18 | 43.84 | 45.20 | 47.86 | 49.22 |
| Fibonacci | 40.04 | 41.57 | 42.52 | 44.06 | 45.59 | 46.54 | 48.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.78 | 36.19 | 41.11 | 46.52 | 51.44 | 56.85 | 61.77 |
| Camarilla | 43.19 | 44.14 | 45.08 | 46.03 | 46.98 | 47.92 | 48.87 |
| Woodie | 30.54 | 36.07 | 40.87 | 46.40 | 51.20 | 56.73 | 61.53 |
| Fibonacci | 36.19 | 40.14 | 42.57 | 46.52 | 50.47 | 52.90 | 56.85 |
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): | 29.71 | |
| MACD (12,26,9): | -1.7600 | |
| Directional Movement: | -24.89 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 42.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.12 | |
| Elder Ray (13): | -3.05 | |
| Super Trend (3,10): | 45.93 | |
| Zig ZAG (10): | 40.68 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 8.74 | |
| TEMA (21): | 41.37 | |
| Williams %R (14): | -88.32 | |
| Chande Momentum Oscillator (20): | -2.58 | |
| Repulse (5,40,3): | -3.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4300 | |
| Courbe Coppock: | 14.50 |
| MA7: | 43.02 | |
| MA20: | 44.54 | |
| MA50: | 47.49 | |
| MA100: | 48.71 | |
| MAexp7: | 42.32 | |
| MAexp20: | 44.41 | |
| MAexp50: | 46.69 | |
| MAexp100: | 48.73 | |
| Price / MA7: | -5.44% | |
| Price / MA20: | -8.67% | |
| Price / MA50: | -14.34% | |
| Price / MA100: | -16.49% | |
| Price / MAexp7: | -3.88% | |
| Price / MAexp20: | -8.40% | |
| Price / MAexp50: | -12.87% | |
| Price / MAexp100: | -16.52% |
News
The latest news and videos published on EBIX INC. at the time of the analysis were as follows:
- Ebix Hosts Q2 Investor Call Thursday, August 8th at 11:00 a.m. ET
- Ebix and Yatra to Host July 19 Conference Call to Discuss Ebix’s Acquisition of Yatra Online
- Ebix Signs Agreement to Acquire Yatra Online, Creating India’s Leading Travel Services Platform
- Ebix Successfully Expands the A.D.A.M. Health Services Business to India with Key Healthcare Client Wins
- Ebix Commences EbixCash IPO Process while Targeting a Q2 2020 IPO
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EBIX INC. - Daily