UNITI GROUP INC. - Daily - Technical analysis published on 12/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 7.20 USD
My targets
6.40 USD (-5.84%)
6.05 USD (-11.03%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 7.20 USD remains possible. It is advisable to trade UNITI GROUP INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 7.20 USD. The next bearish objective for sellers is set at 6.40 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.05 USD. PS: if there is a bullish break in the resistance located at 7.20 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
1.1
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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 UNITI GROUP INC. price is 6.80 USD. The price is lower by -1.31% since the last closing and was between 6.71 USD and 6.97 USD. This implies that the price is at +1.34% from its lowest and at -2.44% from its highest.6.71
6.97
6.80
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of UNITI GROUP INC. indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.05 | 6.80 | 7.20 | 8.31 | 9.58 |
| Change (%) | -11.03% | - | +5.88% | +22.21% | +40.88% |
| Change | -0.75 | - | +0.40 | +1.51 | +2.78 |
| Level | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.46 | 6.60 | 6.74 | 6.88 | 7.02 | 7.16 | 7.30 |
| Camarilla | 6.81 | 6.84 | 6.86 | 6.89 | 6.92 | 6.94 | 6.97 |
| Woodie | 6.47 | 6.60 | 6.75 | 6.88 | 7.03 | 7.16 | 7.31 |
| Fibonacci | 6.60 | 6.70 | 6.77 | 6.88 | 6.98 | 7.05 | 7.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.76 | 5.98 | 6.35 | 6.57 | 6.94 | 7.16 | 7.53 |
| Camarilla | 6.56 | 6.61 | 6.67 | 6.72 | 6.77 | 6.83 | 6.88 |
| Woodie | 5.84 | 6.02 | 6.43 | 6.61 | 7.02 | 7.20 | 7.61 |
| Fibonacci | 5.98 | 6.21 | 6.35 | 6.57 | 6.80 | 6.94 | 7.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.55 | 4.39 | 5.56 | 6.40 | 7.57 | 8.41 | 9.58 |
| Camarilla | 6.17 | 6.35 | 6.54 | 6.72 | 6.90 | 7.09 | 7.27 |
| Woodie | 3.71 | 4.47 | 5.72 | 6.48 | 7.73 | 8.49 | 9.74 |
| Fibonacci | 4.39 | 5.16 | 5.64 | 6.40 | 7.17 | 7.65 | 8.41 |
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): | 50.38 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -4.66 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 6.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.09 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 5.89 | |
| Zig ZAG (10): | 6.80 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 63.28 | |
| TEMA (21): | 6.63 | |
| Williams %R (14): | -38.80 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 1.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4000 | |
| Courbe Coppock: | 2.67 |
| MA7: | 6.69 | |
| MA20: | 6.56 | |
| MA50: | 7.08 | |
| MA100: | 7.61 | |
| MAexp7: | 6.71 | |
| MAexp20: | 6.71 | |
| MAexp50: | 7.06 | |
| MAexp100: | 7.82 | |
| Price / MA7: | +1.64% | |
| Price / MA20: | +3.66% | |
| Price / MA50: | -3.95% | |
| Price / MA100: | -10.64% | |
| Price / MAexp7: | +1.34% | |
| Price / MAexp20: | +1.34% | |
| Price / MAexp50: | -3.68% | |
| Price / MAexp100: | -13.04% |
This member declared not having a position on this financial instrument or a related financial instrument.
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