L.B. FOSTER COMPANY - Daily - Technical analysis published on 09/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 23.65 USD
My targets
20.48 USD (-6.48%)
18.34 USD (-16.26%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on L.B. FOSTER COMPANY. As long as you are under the resistance located at 23.65 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 20.48 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 18.34 USD as an objective. Crossing it would then enable sellers to target 17.09 USD. If the resistance 23.65 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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
0.5
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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 L.B. FOSTER COMPANY price is 21.90 USD. The price is lower by -2.19% since the last closing and was traded between 21.50 USD and 22.39 USD over the period. The price is currently at +1.86% from its lowest and -2.19% from its highest.21.50
22.39
21.90
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of L.B. FOSTER COMPANY in Daily shows an overall bearish trend. 64.29% 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 scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.09 | 18.34 | 20.48 | 21.90 | 23.65 | 24.99 | 27.32 |
| Change (%) | -21.96% | -16.26% | -6.48% | - | +7.99% | +14.11% | +24.75% |
| Change | -4.81 | -3.56 | -1.42 | - | +1.75 | +3.09 | +5.42 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Major |
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 | 21.53 | 21.86 | 22.13 | 22.46 | 22.73 | 23.06 | 23.33 |
| Camarilla | 22.23 | 22.28 | 22.34 | 22.39 | 22.45 | 22.50 | 22.56 |
| Woodie | 21.49 | 21.85 | 22.09 | 22.45 | 22.69 | 23.05 | 23.29 |
| Fibonacci | 21.86 | 22.09 | 22.23 | 22.46 | 22.69 | 22.83 | 23.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.37 | 17.92 | 20.54 | 22.09 | 24.71 | 26.26 | 28.88 |
| Camarilla | 22.00 | 22.39 | 22.77 | 23.15 | 23.53 | 23.92 | 24.30 |
| Woodie | 16.90 | 18.19 | 21.07 | 22.36 | 25.24 | 26.53 | 29.41 |
| Fibonacci | 17.92 | 19.52 | 20.50 | 22.09 | 23.69 | 24.67 | 26.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.61 | 16.10 | 18.01 | 21.50 | 23.41 | 26.90 | 28.81 |
| Camarilla | 18.43 | 18.92 | 19.42 | 19.91 | 20.41 | 20.90 | 21.40 |
| Woodie | 11.81 | 15.71 | 17.21 | 21.11 | 22.61 | 26.51 | 28.01 |
| Fibonacci | 16.10 | 18.17 | 19.44 | 21.50 | 23.57 | 24.84 | 26.90 |
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): | 50.41 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -2.90 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 21.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.52 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 20.29 | |
| Zig ZAG (10): | 21.90 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 73.29 | |
| TEMA (21): | 22.04 | |
| Williams %R (14): | -37.00 | |
| Chande Momentum Oscillator (20): | 1.99 | |
| Repulse (5,40,3): | -1.4800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 17.51 |
| MA7: | 22.43 | |
| MA20: | 21.04 | |
| MA50: | 23.08 | |
| MA100: | 23.52 | |
| MAexp7: | 22.11 | |
| MAexp20: | 21.70 | |
| MAexp50: | 22.39 | |
| MAexp100: | 22.50 | |
| Price / MA7: | -2.36% | |
| Price / MA20: | +4.09% | |
| Price / MA50: | -5.11% | |
| Price / MA100: | -6.89% | |
| Price / MAexp7: | -0.95% | |
| Price / MAexp20: | +0.92% | |
| Price / MAexp50: | -2.19% | |
| Price / MAexp100: | -2.67% |
News
Don"t forget to follow the news on L.B. FOSTER COMPANY. At the time of publication of this analysis, the latest news was as follows:
- Detailed Research: Economic Perspectives on Clearside Biomedical, JELD-WEN Holding, L.B. Foster, Merrimack Pharmaceuticals, Everi, and Drive Shack — What Drives Growth in Today's Competitive Landscape
- Investor Expectations to Drive Momentum within Capital Senior Living, Thermon Group, L.B. Foster, Anavex Life Sciences, Opiant Pharmaceuticals, and Huron Consulting Group — Discovering Underlying Factors of Influence
- L. B. Foster Company to Host Earnings Call
- L. B. Foster Company to Host Earnings Call
- Investor Network: L. B. Foster Company to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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