VEON LTD. ADS - Daily - Technical analysis published on 07/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 2.94 USD
My targets
3.13 USD (+3.64%)
3.35 USD (+10.93%)
My analysis
The bullish trend is currently very strong on VEON LTD. ADS. As long as the price remains above the support at 2.94 USD, you could try to benefit from the boom. The first bullish objective is located at 3.13 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.35 USD as an objective. Crossing it would then enable buyers to target 3.68 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
VEON LTD. ADS rating 3.02 USD. The price registered a decrease of -0.33% on the session with the lowest point at 3.01 USD and the highest point at 3.05 USD. The deviation from the price is +0.33% for the low point and -0.98% for the high point.3.01
3.05
3.02
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 VEON LTD. ADS indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 2.51 | 2.75 | 2.94 | 3.02 | 3.13 | 3.35 | 3.68 |
| Change (%) | -16.89% | -8.94% | -2.65% | - | +3.64% | +10.93% | +21.85% |
| Change | -0.51 | -0.27 | -0.08 | - | +0.11 | +0.33 | +0.66 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.92 | 2.96 | 2.99 | 3.03 | 3.06 | 3.10 | 3.13 |
| Camarilla | 3.01 | 3.02 | 3.02 | 3.03 | 3.04 | 3.04 | 3.05 |
| Woodie | 2.93 | 2.96 | 3.00 | 3.03 | 3.07 | 3.10 | 3.14 |
| Fibonacci | 2.96 | 2.98 | 3.00 | 3.03 | 3.05 | 3.07 | 3.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.58 | 2.74 | 2.96 | 3.12 | 3.33 | 3.49 | 3.71 |
| Camarilla | 3.07 | 3.10 | 3.14 | 3.17 | 3.20 | 3.24 | 3.27 |
| Woodie | 2.61 | 2.75 | 2.98 | 3.13 | 3.36 | 3.50 | 3.73 |
| Fibonacci | 2.74 | 2.88 | 2.97 | 3.12 | 3.26 | 3.35 | 3.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.85 | 2.07 | 2.43 | 2.65 | 3.01 | 3.23 | 3.59 |
| Camarilla | 2.64 | 2.69 | 2.75 | 2.80 | 2.85 | 2.91 | 2.96 |
| Woodie | 1.93 | 2.11 | 2.51 | 2.69 | 3.09 | 3.27 | 3.67 |
| Fibonacci | 2.07 | 2.29 | 2.43 | 2.65 | 2.87 | 3.01 | 3.23 |
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): | 61.77 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 14.40 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 3.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.99 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 2.86 | |
| Zig ZAG (10): | 3.02 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 60.87 | |
| TEMA (21): | 3.19 | |
| Williams %R (14): | -44.35 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | -1.7200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.8700 | |
| Courbe Coppock: | 22.69 |
| MA7: | 3.12 | |
| MA20: | 2.97 | |
| MA50: | 2.64 | |
| MA100: | 2.49 | |
| MAexp7: | 3.07 | |
| MAexp20: | 2.96 | |
| MAexp50: | 2.74 | |
| MAexp100: | 2.61 | |
| Price / MA7: | -3.21% | |
| Price / MA20: | +1.68% | |
| Price / MA50: | +14.39% | |
| Price / MA100: | +21.29% | |
| Price / MAexp7: | -1.63% | |
| Price / MAexp20: | +2.03% | |
| Price / MAexp50: | +10.22% | |
| Price / MAexp100: | +15.71% |
This member declared not having a position on this financial instrument or a related financial instrument.
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