HARMONIC INC. - Daily - Technical analysis published on 09/06/2019 (GMT)
- 343
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 6.46 USD
My targets
6.93 USD (+3.13%)
7.52 USD (+11.90%)
My analysis
With a bullish background trend, the price of HARMONIC INC. is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 6.46 USD. A bullish break in the resistance located at 6.93 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 7.52 USD. Then by extension. It would be safer to wait for a bullish break in the resistance located at 6.93 USD before allowing yourself to re trade long positions (at purchase) on HARMONIC INC.. PS: if there is a bearish break in the support located at 6.46 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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 HARMONIC INC. rating is 6.72 USD. The price has increased by +2.91% since the last closing and was traded between 6.55 USD and 6.79 USD over the period. The price is currently at +2.60% from its lowest and -1.03% from its highest.6.55
6.79
6.72
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on HARMONIC INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of HARMONIC INC. indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.69 | 6.14 | 6.46 | 6.72 | 6.93 | 7.52 | 7.97 |
| Change (%) | -15.33% | -8.63% | -3.87% | - | +3.13% | +11.90% | +18.60% |
| Change | -1.03 | -0.58 | -0.26 | - | +0.21 | +0.80 | +1.25 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | 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 | 6.31 | 6.38 | 6.46 | 6.53 | 6.61 | 6.68 | 6.76 |
| Camarilla | 6.49 | 6.50 | 6.52 | 6.53 | 6.54 | 6.56 | 6.57 |
| Woodie | 6.31 | 6.38 | 6.46 | 6.53 | 6.61 | 6.68 | 6.76 |
| Fibonacci | 6.38 | 6.44 | 6.48 | 6.53 | 6.59 | 6.63 | 6.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.04 | 6.24 | 6.41 | 6.61 | 6.78 | 6.98 | 7.15 |
| Camarilla | 6.49 | 6.52 | 6.56 | 6.59 | 6.62 | 6.66 | 6.69 |
| Woodie | 6.04 | 6.23 | 6.41 | 6.60 | 6.78 | 6.97 | 7.15 |
| Fibonacci | 6.24 | 6.38 | 6.47 | 6.61 | 6.75 | 6.84 | 6.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.03 | 5.73 | 6.16 | 6.86 | 7.29 | 7.99 | 8.42 |
| Camarilla | 6.28 | 6.38 | 6.49 | 6.59 | 6.69 | 6.80 | 6.90 |
| Woodie | 4.90 | 5.66 | 6.03 | 6.79 | 7.16 | 7.92 | 8.29 |
| Fibonacci | 5.73 | 6.16 | 6.43 | 6.86 | 7.29 | 7.56 | 7.99 |
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): | 47.96 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -7.47 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 6.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.46 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 7.14 | |
| Zig ZAG (10): | 6.72 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 29.41 | |
| TEMA (21): | 6.43 | |
| Williams %R (14): | -43.14 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | 1.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 8.33 |
| MA7: | 6.60 | |
| MA20: | 6.74 | |
| MA50: | 6.92 | |
| MA100: | 6.22 | |
| MAexp7: | 6.62 | |
| MAexp20: | 6.75 | |
| MAexp50: | 6.70 | |
| MAexp100: | 6.39 | |
| Price / MA7: | +1.82% | |
| Price / MA20: | -0.30% | |
| Price / MA50: | -2.89% | |
| Price / MA100: | +8.04% | |
| Price / MAexp7: | +1.51% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +5.16% |
News
The latest news and videos published on HARMONIC INC. at the time of the analysis were as follows:
- Harmonic Brings Real-World OTT and Broadcast Success to IBC2019
- Harmonic Announces Second Quarter 2019 Results
-
Harmonic Inc. - HLIT Stock Chart Technical Analysis for 07-10-2019
- Harmonic Announces Reporting Date for Second Quarter 2019 Financial Results
- Harmonic Enables Guangdong Radio and Television to Deliver Premium UHD Broadcasts in China
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis HARMONIC INC. - Daily