HERON THERAPEUTICS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	HRTX
ISIN:

HERON THERAPEUTICS INC. - Daily - Technical analysis published on 08/12/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Bearish

Technical indicators

61%

11%

28%

My opinion

Bearish under 19.20 USD

My targets

16.97 USD (-5.51%)

15.83 USD (-11.86%)

My analysis

In a bearish trend, the price of HERON THERAPEUTICS INC. tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 19.20 USD. A bearish break in the support located at 16.97 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 15.83 USD. Then 12.54 USD by extension. It would be safer to wait for a bearish break in the support located at 16.97 USD before allowing yourself to re trade short positions (for sale) on HERON THERAPEUTICS INC.. PS: if there is a bullish break in the resistance located at 19.20 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Comment on the analysis

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

HERON THERAPEUTICS INC. rating 17.96 USD. The price is lower by -0.44% since the last closing and was traded between 17.95 USD and 18.23 USD over the period. The price is currently at +0.06% from its lowest and -1.48% from its highest.

17.95

18.23

17.96

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of HERON THERAPEUTICS INC. indicates that the overall trend is bearish. The signals given by moving averages are at 64.29% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

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

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.54	15.83	16.97	17.96	19.20	23.20	28.34
Change (%)	-30.18%	-11.86%	-5.51%	-	+6.90%	+29.18%	+57.80%
Change	-5.42	-2.13	-0.99	-	+1.24	+5.24	+10.38
Level	Minor	Major	Major	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.54	16.84	17.36	17.66	18.18	18.48	19.00
Camarilla	17.65	17.72	17.80	17.87	17.95	18.02	18.10
Woodie	16.64	16.90	17.46	17.72	18.28	18.54	19.10
Fibonacci	16.84	17.16	17.35	17.66	17.98	18.17	18.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.59	14.85	15.61	16.87	17.63	18.89	19.65
Camarilla	15.80	15.99	16.18	16.36	16.55	16.73	16.92
Woodie	13.33	14.73	15.35	16.75	17.37	18.77	19.39
Fibonacci	14.85	15.63	16.10	16.87	17.65	18.12	18.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.71	16.02	16.73	18.04	18.75	20.06	20.77
Camarilla	16.89	17.07	17.26	17.44	17.63	17.81	18.00
Woodie	14.41	15.87	16.43	17.89	18.45	19.91	20.47
Fibonacci	16.02	16.79	17.27	18.04	18.81	19.29	20.06

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):	53.17
MACD (12,26,9):	-0.2800
Directional Movement:	2.25
AROON (14):	-85.71
DEMA (21):	17.25
Parabolic SAR (0,02-0,02-0,2):	15.68
Elder Ray (13):	0.76
Super Trend (3,10):	18.69
Zig ZAG (10):	18.04
VORTEX (21):	0.9700
Stochastique (14,3,5):	62.95
TEMA (21):	17.16
Williams %R (14):	-21.33
Chande Momentum Oscillator (20):	0.07
Repulse (5,40,3):	4.6000
ROCnROLL:	-1
TRIX (15,9):	-0.2200
Courbe Coppock:	12.64

MA7:	17.05
MA20:	17.76
MA50:	17.92
MA100:	19.72
MAexp7:	17.40
MAexp20:	17.61
MAexp50:	18.23
MAexp100:	19.85
Price / MA7:	+5.34%
Price / MA20:	+1.13%
Price / MA50:	+0.22%
Price / MA100:	-8.92%
Price / MAexp7:	+3.22%
Price / MAexp20:	+1.99%
Price / MAexp50:	-1.48%
Price / MAexp100:	-9.52%

News

Don"t forget to follow the news on HERON THERAPEUTICS INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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