ELBIT SYSTEMS - Daily - Technical analysis published on 12/10/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 161.56 USD
My targets
169.13 USD (+3.04%)
172.95 USD (+5.38%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ELBIT SYSTEMS as long as the price remains well above 161.56 USD. The buyers” bullish objective is set at 169.13 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 172.95 USD. If there is any crossing, the next objective would be the resistance located at 179.14 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.1
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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 ELBIT SYSTEMS price is 164.13 USD. On the day, this instrument gained +0.08% and was between 162.59 USD and 165.26 USD. This implies that the price is at +0.95% from its lowest and at -0.68% from its highest.162.59
165.26
164.13
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ELBIT SYSTEMS:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ELBIT SYSTEMS in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 134.96 | 152.81 | 161.56 | 164.13 | 166.32 |
| Change (%) | -17.77% | -6.90% | -1.57% | - | +1.33% |
| Change | -29.17 | -11.32 | -2.57 | - | +2.19 |
| Level | Major | Major | Major | - | 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 | 162.01 | 162.85 | 163.42 | 164.26 | 164.83 | 165.67 | 166.24 |
| Camarilla | 163.61 | 163.74 | 163.87 | 164.00 | 164.13 | 164.26 | 164.39 |
| Woodie | 161.89 | 162.78 | 163.30 | 164.19 | 164.71 | 165.60 | 166.12 |
| Fibonacci | 162.85 | 163.39 | 163.72 | 164.26 | 164.80 | 165.13 | 165.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 159.40 | 160.90 | 162.45 | 163.95 | 165.50 | 167.00 | 168.55 |
| Camarilla | 163.16 | 163.44 | 163.72 | 164.00 | 164.28 | 164.56 | 164.84 |
| Woodie | 159.43 | 160.91 | 162.48 | 163.96 | 165.53 | 167.01 | 168.58 |
| Fibonacci | 160.90 | 162.07 | 162.79 | 163.95 | 165.12 | 165.84 | 167.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.11 | 152.93 | 159.12 | 162.94 | 169.13 | 172.95 | 179.14 |
| Camarilla | 162.55 | 163.47 | 164.38 | 165.30 | 166.22 | 167.14 | 168.05 |
| Woodie | 150.29 | 153.52 | 160.30 | 163.53 | 170.31 | 173.54 | 180.32 |
| Fibonacci | 152.93 | 156.76 | 159.12 | 162.94 | 166.77 | 169.13 | 172.95 |
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): | 52.52 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | -3.04 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 163.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 159.44 | |
| Elder Ray (13): | 0.25 | |
| Super Trend (3,10): | 165.59 | |
| Zig ZAG (10): | 164.13 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 82.23 | |
| TEMA (21): | 164.10 | |
| Williams %R (14): | -19.98 | |
| Chande Momentum Oscillator (20): | 5.22 | |
| Repulse (5,40,3): | 0.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.77 |
| MA7: | 164.30 | |
| MA20: | 162.81 | |
| MA50: | 163.29 | |
| MA100: | 160.98 | |
| MAexp7: | 164.02 | |
| MAexp20: | 163.44 | |
| MAexp50: | 162.55 | |
| MAexp100: | 159.53 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | +0.51% | |
| Price / MA100: | +1.96% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +2.88% |
News
The last news published on ELBIT SYSTEMS at the time of the generation of this analysis was as follows:
- Elbit Systems of America Subsidiary Selected for U.S. Army Multi-Domain User Sensor Architecture Prototype Project
- Elbit Systems Reports Third Quarter 2019 Results
- Elbit Systems of America Doubles the Production Rates of Semi-Active Laser Seeker for Precision Munitions
- Elbit Systems Announces the Results of its Extraordinary and Annual General Meeting of Shareholders Held on November 20, 2019
- Elbit Systems Awarded $50 Million Contract by the Portuguese MoD to Provide a Complete EW Suite for New KC-390 Aircraft
This member declared not having a position on this financial instrument or a related financial instrument.
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