EDWARDS LIFESCIENCES - 1H - Technical analysis published on 05/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 86.95 USD
My targets
88.43 USD (+1.16%)
91.20 USD (+4.32%)
My analysis
EDWARDS LIFESCIENCES is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 86.95 USD. The next resistance located at 88.43 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 91.20 USD. After this resistance, buyers could then target 93.07 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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Additional analysis
Quotes
The EDWARDS LIFESCIENCES rating is 87.42 USD. The price registered an increase of +2.74% on the session with the lowest point at 85.01 USD and the highest point at 87.46 USD. The deviation from the price is +2.83% for the low point and -0.05% for the high point.85.01
87.46
87.42
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 1H chart of EDWARDS LIFESCIENCES indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 83.50 | 84.78 | 86.95 | 87.42 | 88.43 | 91.20 | 93.07 |
| Change (%) | -4.48% | -3.02% | -0.54% | - | +1.16% | +4.32% | +6.46% |
| Change | -3.92 | -2.64 | -0.47 | - | +1.01 | +3.78 | +5.65 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 83.00 | 83.91 | 84.50 | 85.41 | 86.00 | 86.91 | 87.50 |
| Camarilla | 84.68 | 84.82 | 84.95 | 85.09 | 85.23 | 85.37 | 85.50 |
| Woodie | 82.84 | 83.83 | 84.34 | 85.33 | 85.84 | 86.83 | 87.34 |
| Fibonacci | 83.91 | 84.48 | 84.84 | 85.41 | 85.98 | 86.34 | 86.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.72 | 81.61 | 83.43 | 85.32 | 87.14 | 89.03 | 90.85 |
| Camarilla | 84.23 | 84.57 | 84.91 | 85.25 | 85.59 | 85.93 | 86.27 |
| Woodie | 79.69 | 81.59 | 83.40 | 85.30 | 87.11 | 89.01 | 90.82 |
| Fibonacci | 81.61 | 83.03 | 83.90 | 85.32 | 86.74 | 87.61 | 89.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.62 | 77.06 | 80.86 | 88.30 | 92.10 | 99.54 | 103.34 |
| Camarilla | 81.58 | 82.61 | 83.64 | 84.67 | 85.70 | 86.73 | 87.76 |
| Woodie | 67.81 | 76.15 | 79.05 | 87.39 | 90.29 | 98.63 | 101.53 |
| Fibonacci | 77.06 | 81.35 | 84.00 | 88.30 | 92.59 | 95.24 | 99.54 |
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): | 69.30 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 15.64 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 86.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 85.06 | |
| Elder Ray (13): | 0.88 | |
| Super Trend (3,10): | 85.24 | |
| Zig ZAG (10): | 87.20 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 92.62 | |
| TEMA (21): | 86.42 | |
| Williams %R (14): | -1.59 | |
| Chande Momentum Oscillator (20): | 1.51 | |
| Repulse (5,40,3): | 1.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.37 |
| MA7: | 85.42 | |
| MA20: | 86.76 | |
| MA50: | 89.86 | |
| MA100: | 84.51 | |
| MAexp7: | 86.32 | |
| MAexp20: | 85.77 | |
| MAexp50: | 85.70 | |
| MAexp100: | 86.41 | |
| Price / MA7: | +2.34% | |
| Price / MA20: | +0.76% | |
| Price / MA50: | -2.72% | |
| Price / MA100: | +3.44% | |
| Price / MAexp7: | +1.27% | |
| Price / MAexp20: | +1.92% | |
| Price / MAexp50: | +2.01% | |
| Price / MAexp100: | +1.17% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
News
The last news published on EDWARDS LIFESCIENCES at the time of the generation of this analysis was as follows:
- CLASP IID ONE-YEAR DATA CONFIRM SAFETY AND EFFICACY OF EDWARDS PASCAL SYSTEM FOR DEGENERATIVE MITRAL REGURGITATION
- TRISCEND II SIX-MONTH DATA FOR FIRST 150 PATIENTS SUCCESSFULLY DEMONSTRATE SAFETY AND EFFICACY OF EDWARDS EVOQUE SYSTEM FOR SEVERE TRICUSPID REGURGITATION
- EDWARDS LIFESCIENCES REPORTS THIRD QUARTER RESULTS
- FIVE-YEAR DATA FROM PARTNER 3 TRIAL DEMONSTRATE EXCELLENT SURVIVAL FOR PATIENTS RECEIVING EDWARDS SAPIEN 3 VALVE
- EDWARDS EVOQUE TRANSCATHETER TRICUSPID VALVE REPLACEMENT SYSTEM RECEIVES CE MARK
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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