VEON LTD. ADS - Daily - Technical analysis published on 12/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 2.50 USD
My targets
2.66 USD (+4.72%)
2.85 USD (+12.20%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VEON LTD. ADS as long as the price remains well above 2.50 USD. The buyers” bullish objective is set at 2.66 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.85 USD. If there is any crossing, the next objective would be the resistance located at 3.02 USD.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
3.9
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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 VEON LTD. ADS rating is 2.54 USD. On the day, this instrument lost -0.39% and was between 2.54 USD and 2.59 USD. This implies that the price is at 0% from its lowest and at -1.93% from its highest.2.54
2.59
2.54
Here is a more detailed summary of the historical variations registered by VEON LTD. ADS:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this VEON LTD. ADS chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
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 | 2.20 | 2.35 | 2.50 | 2.54 | 2.66 | 2.85 | 3.02 |
| Change (%) | -13.39% | -7.48% | -1.57% | - | +4.72% | +12.20% | +18.90% |
| Change | -0.34 | -0.19 | -0.04 | - | +0.12 | +0.31 | +0.48 |
| Level | Major | Major | Major | - | Intermediate | Minor | 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 | 2.41 | 2.45 | 2.50 | 2.54 | 2.59 | 2.63 | 2.68 |
| Camarilla | 2.53 | 2.53 | 2.54 | 2.55 | 2.56 | 2.57 | 2.58 |
| Woodie | 2.42 | 2.45 | 2.51 | 2.54 | 2.60 | 2.63 | 2.69 |
| Fibonacci | 2.45 | 2.48 | 2.51 | 2.54 | 2.57 | 2.60 | 2.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.23 | 2.35 | 2.43 | 2.55 | 2.63 | 2.75 | 2.83 |
| Camarilla | 2.45 | 2.46 | 2.48 | 2.50 | 2.52 | 2.54 | 2.56 |
| Woodie | 2.20 | 2.34 | 2.40 | 2.54 | 2.60 | 2.74 | 2.80 |
| Fibonacci | 2.35 | 2.43 | 2.48 | 2.55 | 2.63 | 2.68 | 2.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.04 | 2.19 | 2.41 | 2.56 | 2.78 | 2.93 | 3.15 |
| Camarilla | 2.54 | 2.57 | 2.61 | 2.64 | 2.67 | 2.71 | 2.74 |
| Woodie | 2.09 | 2.21 | 2.46 | 2.58 | 2.83 | 2.95 | 3.20 |
| Fibonacci | 2.19 | 2.33 | 2.42 | 2.56 | 2.70 | 2.79 | 2.93 |
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): | 53.58 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 8.73 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 2.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.70 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 2.40 | |
| Zig ZAG (10): | 2.54 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 53.98 | |
| TEMA (21): | 2.58 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | -0.9800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 7.05 |
| MA7: | 2.53 | |
| MA20: | 2.52 | |
| MA50: | 2.44 | |
| MA100: | 2.54 | |
| MAexp7: | 2.55 | |
| MAexp20: | 2.52 | |
| MAexp50: | 2.49 | |
| MAexp100: | 2.51 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +0.79% | |
| Price / MA50: | +4.10% | |
| Price / MA100: | -0% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | +2.01% | |
| Price / MAexp100: | +1.20% |
This member declared not having a position on this financial instrument or a related financial instrument.
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