HCP INC. - Daily - Technical analysis published on 10/28/2019 (GMT)
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- Timeframe : Daily
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HCP INC. Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 35.99 USD
My targets
40.33 USD (+11.53%)
41.88 USD (+15.82%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 35.99 USD remains possible. It is advisable to trade HCP INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 35.99 USD. The next bullish objective for buyers is set at 40.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 41.88 USD. If there is any crossing, the next objective would be the resistance located at 48.21 USD. PS: if there is a bearish break in the support located at 35.99 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
2.7
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.
Additional analysis
Quotes
The HCP INC. price is 36.16 USD. The price registered a decrease of -0.39% on the session and was between 35.19 USD and 36.37 USD. This implies that the price is at +2.76% from its lowest and at -0.58% from its highest.35.19
36.37
36.16
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of HCP INC. indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 9 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 31.85 | 33.39 | 35.99 | 36.16 | 40.33 | 41.88 | 48.21 |
| Change (%) | -11.92% | -7.66% | -0.47% | - | +11.53% | +15.82% | +33.32% |
| Change | -4.31 | -2.77 | -0.17 | - | +4.17 | +5.72 | +12.05 |
| Level | Intermediate | Major | 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 | 34.50 | 35.29 | 35.80 | 36.59 | 37.10 | 37.89 | 38.40 |
| Camarilla | 35.94 | 36.06 | 36.18 | 36.30 | 36.42 | 36.54 | 36.66 |
| Woodie | 34.35 | 35.22 | 35.65 | 36.52 | 36.95 | 37.82 | 38.25 |
| Fibonacci | 35.29 | 35.79 | 36.10 | 36.59 | 37.09 | 37.40 | 37.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.78 | 34.93 | 35.62 | 36.77 | 37.46 | 38.61 | 39.30 |
| Camarilla | 35.79 | 35.96 | 36.13 | 36.30 | 36.47 | 36.64 | 36.81 |
| Woodie | 33.54 | 34.82 | 35.38 | 36.66 | 37.22 | 38.50 | 39.06 |
| Fibonacci | 34.93 | 35.64 | 36.07 | 36.77 | 37.48 | 37.91 | 38.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.76 | 32.71 | 34.17 | 35.12 | 36.58 | 37.53 | 38.99 |
| Camarilla | 34.97 | 35.19 | 35.41 | 35.63 | 35.85 | 36.07 | 36.29 |
| Woodie | 32.02 | 32.84 | 34.43 | 35.25 | 36.84 | 37.66 | 39.25 |
| Fibonacci | 32.71 | 33.63 | 34.20 | 35.12 | 36.04 | 36.61 | 37.53 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.83 | |
| MACD (12,26,9): | 0.4500 | |
| Directional Movement: | -10.21 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 37.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.93 | |
| Elder Ray (13): | -1.07 | |
| Super Trend (3,10): | 36.03 | |
| Zig ZAG (10): | 36.24 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 46.12 | |
| TEMA (21): | 37.24 | |
| Williams %R (14): | -61.31 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 4.80 |
| MA7: | 37.21 | |
| MA20: | 36.70 | |
| MA50: | 35.61 | |
| MA100: | 33.94 | |
| MAexp7: | 36.88 | |
| MAexp20: | 36.62 | |
| MAexp50: | 35.61 | |
| MAexp100: | 34.25 | |
| Price / MA7: | -2.82% | |
| Price / MA20: | -1.47% | |
| Price / MA50: | +1.54% | |
| Price / MA100: | +6.54% | |
| Price / MAexp7: | -1.95% | |
| Price / MAexp20: | -1.26% | |
| Price / MAexp50: | +1.54% | |
| Price / MAexp100: | +5.58% |
News
The last news published on HCP INC. at the time of the generation of this analysis was as follows:
- HCP Declares Quarterly Cash Dividend on Common Stock
- HCP to Report Third Quarter 2019 Financial Results and Host Conference Call/Webcast
- HCP Upgraded by Fitch Ratings to BBB+ with Stable Outlook
- HCP Announces Series of Mutually Beneficial Transactions with Brookdale
- HCP Announces $1 Billion Commercial Paper Note Program
This member declared not having a position on this financial instrument or a related financial instrument.
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