GANNETT CO. INC. - Daily - Technical analysis published on 02/11/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 6.29 USD
My targets
5.84 USD (-5.96%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GANNETT CO. INC. as long as the price remains well below 6.29 USD. The next bearish objective for sellers is set at 5.84 USD. A bearish break of this support would revive the bearish momentum. 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 over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.4
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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 GANNETT CO. INC. rating is 6.21 USD. On the day, this instrument lost +1.31% with the lowest point at 6.09 USD and the highest point at 6.26 USD. The deviation from the price is +1.97% for the low point and -0.80% for the high point.6.09
6.26
6.21
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 GANNETT CO. INC. in Daily shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 5.84 | 6.21 | 6.99 | 7.45 | 7.90 |
| Change (%) | -5.96% | - | +12.56% | +19.97% | +27.21% |
| Change | -0.37 | - | +0.78 | +1.24 | +1.69 |
| Level | Major | - | Intermediate | Intermediate | Minor |
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 | 5.92 | 6.06 | 6.16 | 6.30 | 6.40 | 6.54 | 6.64 |
| Camarilla | 6.18 | 6.21 | 6.23 | 6.25 | 6.27 | 6.29 | 6.32 |
| Woodie | 5.89 | 6.05 | 6.13 | 6.29 | 6.37 | 6.53 | 6.61 |
| Fibonacci | 6.06 | 6.16 | 6.21 | 6.30 | 6.40 | 6.45 | 6.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.47 | 5.77 | 6.01 | 6.31 | 6.55 | 6.85 | 7.09 |
| Camarilla | 6.10 | 6.15 | 6.20 | 6.25 | 6.30 | 6.35 | 6.40 |
| Woodie | 5.44 | 5.76 | 5.98 | 6.30 | 6.52 | 6.84 | 7.06 |
| Fibonacci | 5.77 | 5.98 | 6.10 | 6.31 | 6.52 | 6.64 | 6.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.14 | 4.92 | 5.51 | 6.29 | 6.88 | 7.66 | 8.25 |
| Camarilla | 5.73 | 5.86 | 5.98 | 6.11 | 6.24 | 6.36 | 6.49 |
| Woodie | 4.06 | 4.87 | 5.43 | 6.24 | 6.80 | 7.61 | 8.17 |
| Fibonacci | 4.92 | 5.44 | 5.76 | 6.29 | 6.81 | 7.13 | 7.66 |
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): | 41.45 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -7.89 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 6.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.80 | |
| Elder Ray (13): | -0.19 | |
| Super Trend (3,10): | 6.06 | |
| Zig ZAG (10): | 6.20 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 17.60 | |
| TEMA (21): | 6.35 | |
| Williams %R (14): | -75.72 | |
| Chande Momentum Oscillator (20): | -0.41 | |
| Repulse (5,40,3): | -1.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 11.91 |
| MA7: | 6.28 | |
| MA20: | 6.48 | |
| MA50: | 6.31 | |
| MA100: | 8.16 | |
| MAexp7: | 6.28 | |
| MAexp20: | 6.35 | |
| MAexp50: | 6.76 | |
| MAexp100: | 7.54 | |
| Price / MA7: | -1.11% | |
| Price / MA20: | -4.17% | |
| Price / MA50: | -1.58% | |
| Price / MA100: | -23.90% | |
| Price / MAexp7: | -1.11% | |
| Price / MAexp20: | -2.20% | |
| Price / MAexp50: | -8.14% | |
| Price / MAexp100: | -17.64% |
News
Don"t forget to follow the news on GANNETT CO. INC.. At the time of publication of this analysis, the latest news was as follows:
- Gannett Earns Top Marks in 2020 Corporate Equality Index
- Gannett Announces Early Debt Pay Down
- Gannett Announces Q1 Departure of Chief Financial Officer
- Gannett Media Corp., a Subsidiary of Gannett Co., Inc., Announces Final Results of Tender Offer for Its 4.750% Convertible Senior Notes Due 2024
- Gannett to Present at Citi Global TMT West Conference and at Needham Growth Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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