HIKMA PHARMACEUTICALS ORD SHS 10P

- GBX (-)

- 15 min delayed data - London Stock Exchange

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Type:	Stocks
Ticker:	HIK
ISIN:	GB00B0LCW083

HIKMA PHARMACEUTICALS ORD SHS 10P - Daily - Technical analysis published on 08/12/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

HIKMA PHARMACEUTICALS ORD SHS 10P - Daily

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 1,891.5 GBX

My targets

2,025.0 GBX (+2.48%)

2,297.0 GBX (+16.24%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HIKMA PHARMACEUTICALS ORD SHS 10P as long as the price remains well above 1,891.5 GBX. The buyers” bullish objective is set at 2,025.0 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,297.0 GBX. If there is any crossing, the next objective would be the resistance located at 2,676.0 GBX. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

HIKMA PHARMACEUTICALS ORD SHS 10P rating 1,976.0 GBX. The price registered an increase of +1.15% on the session and was between 1,950.0 GBX and 1,980.0 GBX. This implies that the price is at +1.33% from its lowest and at -0.20% from its highest.

1,950.0

1,980.0

1,976.0

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this HIKMA PHARMACEUTICALS ORD SHS 10P chart shows a strongly bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

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:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,767.2	1,836.3	1,891.5	1,976.0	2,025.0	2,297.0	2,676.0
Change (%)	-10.57%	-7.07%	-4.28%	-	+2.48%	+16.24%	+35.43%
Change	-208.8	-139.7	-84.5	-	+49.0	+321.0	+700.0
Level	Major	Minor	Intermediate	-	Major	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	1,779.8	1,837.2	1,895.3	1,952.7	2,010.8	2,068.2	2,126.3
Camarilla	1,921.7	1,932.3	1,942.9	1,953.5	1,964.1	1,974.7	1,985.3
Woodie	1,780.3	1,837.4	1,895.8	1,952.9	2,011.3	2,068.4	2,126.8
Fibonacci	1,837.2	1,881.3	1,908.6	1,952.7	1,996.8	2,024.1	2,068.2

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,557.3	1,659.2	1,806.3	1,908.2	2,055.3	2,157.2	2,304.3
Camarilla	1,885.0	1,907.9	1,930.7	1,953.5	1,976.3	1,999.2	2,022.0
Woodie	1,580.0	1,670.5	1,829.0	1,919.5	2,078.0	2,168.5	2,327.0
Fibonacci	1,659.2	1,754.3	1,813.1	1,908.2	2,003.3	2,062.1	2,157.2

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,597.0	1,663.5	1,752.0	1,818.5	1,907.0	1,973.5	2,062.0
Camarilla	1,797.9	1,812.1	1,826.3	1,840.5	1,854.7	1,868.9	1,883.1
Woodie	1,608.0	1,669.0	1,763.0	1,824.0	1,918.0	1,979.0	2,073.0
Fibonacci	1,663.5	1,722.7	1,759.3	1,818.5	1,877.7	1,914.3	1,973.5

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):	71.10
MACD (12,26,9):	33.6000
Directional Movement:	25.5
AROON (14):	21.5
DEMA (21):	1,880.9
Parabolic SAR (0,02-0,02-0,2):	1,766.0
Elder Ray (13):	107.8
Super Trend (3,10):	1,814.1
Zig ZAG (10):	1,974.5
VORTEX (21):	1.1000
Stochastique (14,3,5):	75.90
TEMA (21):	1,892.8
Williams %R (14):	-14.30
Chande Momentum Oscillator (20):	151.0
Repulse (5,40,3):	3.6000
ROCnROLL:	1
TRIX (15,9):	0.2000
Courbe Coppock:	6.80

MA7:	1,850.4
MA20:	1,833.8
MA50:	1,764.7
MA100:	1,749.9
MAexp7:	1,883.1
MAexp20:	1,839.1
MAexp50:	1,791.8
MAexp100:	1,757.4
Price / MA7:	+6.79%
Price / MA20:	+7.75%
Price / MA50:	+11.97%
Price / MA100:	+12.92%
Price / MAexp7:	+4.93%
Price / MAexp20:	+7.44%
Price / MAexp50:	+10.28%
Price / MAexp100:	+12.44%

News

The last news published on HIKMA PHARMACEUTICALS ORD SHS 10P at the time of the generation of this analysis was as follows:

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

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