GILAT SATELLITE NETWORKS - Daily - Technical analysis published on 09/06/2019 (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%
11%
39%
My opinion
Bearish under 8.93 USD
My targets
8.12 USD (-1.69%)
7.93 USD (-4.00%)
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 GILAT SATELLITE NETWORKS. As long as you are under the resistance located at 8.93 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 8.12 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 7.93 USD as an objective. Crossing it would then enable sellers to target 7.67 USD. If the resistance 8.93 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.
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 GILAT SATELLITE NETWORKS price is 8.26 USD. On the day, this instrument gained +0.12% and was between 8.25 USD and 8.31 USD. This implies that the price is at +0.12% from its lowest and at -0.60% from its highest.8.25
8.31
8.26
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 this Daily chart of GILAT SATELLITE NETWORKS indicates that the overall trend is bearish. 67.86% 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 bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.67 | 7.93 | 8.12 | 8.26 | 8.93 | 9.41 | 9.76 |
| Change (%) | -7.14% | -4.00% | -1.69% | - | +8.11% | +13.92% | +18.16% |
| Change | -0.59 | -0.33 | -0.14 | - | +0.67 | +1.15 | +1.50 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.89 | 8.00 | 8.13 | 8.24 | 8.37 | 8.48 | 8.61 |
| Camarilla | 8.18 | 8.21 | 8.23 | 8.25 | 8.27 | 8.29 | 8.32 |
| Woodie | 7.89 | 8.01 | 8.13 | 8.25 | 8.37 | 8.49 | 8.61 |
| Fibonacci | 8.00 | 8.10 | 8.15 | 8.24 | 8.34 | 8.39 | 8.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.63 | 7.77 | 7.92 | 8.06 | 8.21 | 8.35 | 8.50 |
| Camarilla | 7.99 | 8.02 | 8.04 | 8.07 | 8.10 | 8.12 | 8.15 |
| Woodie | 7.64 | 7.77 | 7.93 | 8.06 | 8.22 | 8.35 | 8.51 |
| Fibonacci | 7.77 | 7.88 | 7.95 | 8.06 | 8.17 | 8.24 | 8.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.11 | 6.86 | 7.46 | 8.21 | 8.81 | 9.56 | 10.16 |
| Camarilla | 7.70 | 7.82 | 7.95 | 8.07 | 8.19 | 8.32 | 8.44 |
| Woodie | 6.05 | 6.82 | 7.40 | 8.17 | 8.75 | 9.52 | 10.10 |
| Fibonacci | 6.86 | 7.37 | 7.69 | 8.21 | 8.72 | 9.04 | 9.56 |
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): | 51.13 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -0.58 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 8.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.62 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 7.69 | |
| Zig ZAG (10): | 8.29 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 67.93 | |
| TEMA (21): | 8.07 | |
| Williams %R (14): | -20.83 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -1.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 2.20 |
| MA7: | 8.10 | |
| MA20: | 8.17 | |
| MA50: | 8.36 | |
| MA100: | 8.49 | |
| MAexp7: | 8.15 | |
| MAexp20: | 8.20 | |
| MAexp50: | 8.32 | |
| MAexp100: | 8.46 | |
| Price / MA7: | +1.98% | |
| Price / MA20: | +1.10% | |
| Price / MA50: | -1.20% | |
| Price / MA100: | -2.71% | |
| Price / MAexp7: | +1.35% | |
| Price / MAexp20: | +0.73% | |
| Price / MAexp50: | -0.72% | |
| Price / MAexp100: | -2.36% |
News
Don"t forget to follow the news on GILAT SATELLITE NETWORKS. At the time of publication of this analysis, the latest news was as follows:
- NTT DOCOMO Awards Gilat an LTE Satellite Backhaul Project to Expand Its LTE Footprint
- Gilat Reports Continued Profitability Growth in Q2 2019
- Gilat Will Provide Aero Antennas With Initial Agreement for Tens of Millions of Dollars to a Tier-1 Business Aviation Service Provider
- Gilat Achieves Critical Milestone in Peru With Approval to Enter Operational Phase, Unlocking Access to Revenue of ~$12M Per Annum From Telecom Project Awarded in 2015
- Globe Awards Gilat a Three-year Multi-million US Dollar Contract for Delivering Satellite Based WiFi in Addition to Cellular Backhaul Services
This member declared not having a position on this financial instrument or a related financial instrument.
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