FIRST BUSEY CORP. - Daily - Technical analysis published on 08/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 25.85 USD
My targets
24.72 USD (-1.87%)
23.40 USD (-7.11%)
My analysis
In the short term, we can see an acceleration in the bearish trend on FIRST BUSEY CORP., which is a positive signal for sellers. As long as the price remains above 25.85 USD, a sale could be considered. The first bearish objective is located at 24.72 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 23.40 USD as an objective. Crossing it would then enable sellers to target 21.88 USD. If the price were to return above 25.85 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be 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. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FIRST BUSEY CORP. price is 25.19 USD. The price is lower by -1.18% since the last closing with the lowest point at 25.15 USD and the highest point at 25.47 USD. The deviation from the price is +0.16% for the low point and -1.10% for the high point.25.15
25.47
25.19
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
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 FIRST BUSEY CORP. in Daily shows an overall bearish trend. The signals given by moving averages are 75% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.88 | 23.40 | 24.72 | 25.19 | 25.85 | 27.02 | 27.48 |
| Change (%) | -13.14% | -7.11% | -1.87% | - | +2.62% | +7.26% | +9.09% |
| Change | -3.31 | -1.79 | -0.47 | - | +0.66 | +1.83 | +2.29 |
| Level | Minor | Major | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.03 | 25.20 | 25.34 | 25.51 | 25.66 | 25.83 | 25.97 |
| Camarilla | 25.40 | 25.43 | 25.46 | 25.49 | 25.52 | 25.55 | 25.58 |
| Woodie | 25.02 | 25.19 | 25.33 | 25.51 | 25.65 | 25.82 | 25.96 |
| Fibonacci | 25.20 | 25.32 | 25.39 | 25.51 | 25.63 | 25.71 | 25.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.59 | 24.10 | 24.79 | 25.30 | 25.99 | 26.50 | 27.19 |
| Camarilla | 25.16 | 25.27 | 25.38 | 25.49 | 25.60 | 25.71 | 25.82 |
| Woodie | 23.69 | 24.15 | 24.89 | 25.35 | 26.09 | 26.55 | 27.29 |
| Fibonacci | 24.10 | 24.56 | 24.84 | 25.30 | 25.76 | 26.04 | 26.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.35 | 23.46 | 25.24 | 26.35 | 28.13 | 29.24 | 31.02 |
| Camarilla | 26.24 | 26.50 | 26.77 | 27.03 | 27.30 | 27.56 | 27.83 |
| Woodie | 22.70 | 23.63 | 25.59 | 26.52 | 28.48 | 29.41 | 31.37 |
| Fibonacci | 23.46 | 24.56 | 25.24 | 26.35 | 27.45 | 28.13 | 29.24 |
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): | 39.42 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -17.28 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 25.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.03 | |
| Elder Ray (13): | -0.47 | |
| Super Trend (3,10): | 26.95 | |
| Zig ZAG (10): | 25.19 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 29.24 | |
| TEMA (21): | 25.46 | |
| Williams %R (14): | -79.30 | |
| Chande Momentum Oscillator (20): | -1.61 | |
| Repulse (5,40,3): | -0.3800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 5.10 |
| MA7: | 25.43 | |
| MA20: | 26.06 | |
| MA50: | 25.90 | |
| MA100: | 25.66 | |
| MAexp7: | 25.54 | |
| MAexp20: | 25.91 | |
| MAexp50: | 25.94 | |
| MAexp100: | 25.99 | |
| Price / MA7: | -0.94% | |
| Price / MA20: | -3.34% | |
| Price / MA50: | -2.74% | |
| Price / MA100: | -1.83% | |
| Price / MAexp7: | -1.37% | |
| Price / MAexp20: | -2.78% | |
| Price / MAexp50: | -2.89% | |
| Price / MAexp100: | -3.08% |
News
The latest news and videos published on FIRST BUSEY CORP. at the time of the analysis were as follows:
-
First Busey
- First Busey Announces 2016 Fourth Quarter Earnings and Full Year Results
-
First Busey
- First Busey Announces 2016 Third Quarter Earnings
This member declared not having a position on this financial instrument or a related financial instrument.
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