THE FIRST OF LONG ISLAND - Daily - Technical analysis published on 03/10/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 18.06 USD
My targets
15.88 USD (-8.07%)
15.42 USD (-10.71%)
My analysis
The bearish trend is currently very strong for THE FIRST OF LONG ISLAND. As long as the price remains below the resistance at 18.06 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 15.88 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15.42 USD as an objective. Crossing it would then enable sellers to target 12.13 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
7.7
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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 FIRST OF LONG ISLAND rating 17.27 USD. On the day, this instrument lost -10.89% and was between 16.99 USD and 18.33 USD. This implies that the price is at +1.65% from its lowest and at -5.78% from its highest.16.99
18.33
17.27
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
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of THE FIRST OF LONG ISLAND indicates that the overall trend is strongly bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 12.13 | 15.42 | 17.27 | 19.94 | 22.12 | 24.01 |
| Change (%) | -29.76% | -10.71% | - | +15.46% | +28.08% | +39.03% |
| Change | -5.14 | -1.85 | - | +2.67 | +4.85 | +6.74 |
| Level | Minor | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.03 | 18.46 | 18.92 | 19.35 | 19.81 | 20.24 | 20.70 |
| Camarilla | 19.14 | 19.22 | 19.30 | 19.38 | 19.46 | 19.54 | 19.63 |
| Woodie | 18.05 | 18.47 | 18.94 | 19.36 | 19.83 | 20.25 | 20.72 |
| Fibonacci | 18.46 | 18.80 | 19.01 | 19.35 | 19.69 | 19.90 | 20.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.28 | 17.09 | 18.23 | 20.04 | 21.18 | 22.99 | 24.13 |
| Camarilla | 18.57 | 18.84 | 19.11 | 19.38 | 19.65 | 19.92 | 20.19 |
| Woodie | 14.96 | 16.92 | 17.91 | 19.87 | 20.86 | 22.82 | 23.81 |
| Fibonacci | 17.09 | 18.21 | 18.91 | 20.04 | 21.16 | 21.86 | 22.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.88 | 18.06 | 19.39 | 21.57 | 22.90 | 25.08 | 26.41 |
| Camarilla | 19.75 | 20.07 | 20.39 | 20.71 | 21.03 | 21.35 | 21.68 |
| Woodie | 15.45 | 17.85 | 18.96 | 21.36 | 22.47 | 24.87 | 25.98 |
| Fibonacci | 18.06 | 19.40 | 20.23 | 21.57 | 22.91 | 23.74 | 25.08 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 15.94 | |
| MACD (12,26,9): | -1.1000 | |
| Directional Movement: | -42.11 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 20.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.03 | |
| Elder Ray (13): | -3.10 | |
| Super Trend (3,10): | 20.44 | |
| Zig ZAG (10): | 17.27 | |
| VORTEX (21): | 0.5500 | |
| Stochastique (14,3,5): | 8.19 | |
| TEMA (21): | 19.41 | |
| Williams %R (14): | -95.55 | |
| Chande Momentum Oscillator (20): | -5.73 | |
| Repulse (5,40,3): | -7.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4100 | |
| Courbe Coppock: | 26.96 |
| MA7: | 20.16 | |
| MA20: | 21.89 | |
| MA50: | 23.03 | |
| MA100: | 23.53 | |
| MAexp7: | 19.85 | |
| MAexp20: | 21.38 | |
| MAexp50: | 22.54 | |
| MAexp100: | 22.96 | |
| Price / MA7: | -14.34% | |
| Price / MA20: | -21.11% | |
| Price / MA50: | -25.01% | |
| Price / MA100: | -26.60% | |
| Price / MAexp7: | -13.00% | |
| Price / MAexp20: | -19.22% | |
| Price / MAexp50: | -23.38% | |
| Price / MAexp100: | -24.78% |
News
The latest news and videos published on THE FIRST OF LONG ISLAND at the time of the analysis were as follows:
- New Research Coverage Highlights K12, ImmunoCellular Therapeutics, The First of Long Island, Blue Bird, The Providence Service, and German American — Consolidated Revenues, Company Growth, and Expectations for 2018
- Report: Developing Opportunities within CrossAmerica Partners LP, Surgery Partners, The First of Long Island, German American, QAD, and First — Future Expectations, Projections Moving into 2018
-
First of Long Island
- The First of Long Island Corporation Announces 19.3% Increase in Net Income for 2016
- The First of Long Island Corporation Announces Fourth Quarter Cash Dividend of $.14 Per Share
This member declared not having a position on this financial instrument or a related financial instrument.
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