HUBBELL INC - Daily - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 131.42 USD
My targets
139.21 USD (+4.33%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HUBBELL INC as long as the price remains well above 131.42 USD. The buyers” bullish objective is set at 139.21 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.4
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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 HUBBELL INC price is 133.43 USD. The price has increased by +1.58% since the last closing with the lowest point at 132.49 USD and the highest point at 134.09 USD. The deviation from the price is +0.71% for the low point and -0.49% for the high point.132.49
134.09
133.43
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HUBBELL INC:
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
Technical analysis of HUBBELL INC in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black evening star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 122.94 | 125.79 | 131.42 | 133.43 | 139.21 |
| Change (%) | -7.86% | -5.73% | -1.51% | - | +4.33% |
| Change | -10.49 | -7.64 | -2.01 | - | +5.78 |
| Level | Intermediate | Major | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 127.31 | 129.31 | 130.33 | 132.33 | 133.35 | 135.35 | 136.37 |
| Camarilla | 130.52 | 130.80 | 131.07 | 131.35 | 131.63 | 131.90 | 132.18 |
| Woodie | 126.82 | 129.07 | 129.84 | 132.09 | 132.86 | 135.11 | 135.88 |
| Fibonacci | 129.31 | 130.46 | 131.18 | 132.33 | 133.48 | 134.20 | 135.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.52 | 124.01 | 128.08 | 131.58 | 135.65 | 139.14 | 143.21 |
| Camarilla | 130.07 | 130.76 | 131.46 | 132.15 | 132.84 | 133.54 | 134.23 |
| Woodie | 120.80 | 124.16 | 128.37 | 131.72 | 135.93 | 139.29 | 143.50 |
| Fibonacci | 124.01 | 126.90 | 128.69 | 131.58 | 134.47 | 136.25 | 139.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 114.92 | 120.85 | 126.12 | 132.05 | 137.32 | 143.25 | 148.52 |
| Camarilla | 128.32 | 129.35 | 130.37 | 131.40 | 132.43 | 133.45 | 134.48 |
| Woodie | 114.60 | 120.69 | 125.80 | 131.89 | 137.00 | 143.09 | 148.20 |
| Fibonacci | 120.85 | 125.13 | 127.77 | 132.05 | 136.33 | 138.97 | 143.25 |
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): | 56.24 | |
| MACD (12,26,9): | 0.5500 | |
| Directional Movement: | -0.30 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 132.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 127.03 | |
| Elder Ray (13): | 1.41 | |
| Super Trend (3,10): | 135.64 | |
| Zig ZAG (10): | 134.07 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 82.90 | |
| TEMA (21): | 132.11 | |
| Williams %R (14): | -10.25 | |
| Chande Momentum Oscillator (20): | 4.01 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.89 |
| MA7: | 132.34 | |
| MA20: | 131.27 | |
| MA50: | 130.03 | |
| MA100: | 127.31 | |
| MAexp7: | 132.42 | |
| MAexp20: | 131.56 | |
| MAexp50: | 130.18 | |
| MAexp100: | 127.50 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +1.65% | |
| Price / MA50: | +2.61% | |
| Price / MA100: | +4.81% | |
| Price / MAexp7: | +0.76% | |
| Price / MAexp20: | +1.42% | |
| Price / MAexp50: | +2.50% | |
| Price / MAexp100: | +4.65% |
News
Don"t forget to follow the news on HUBBELL INC. At the time of publication of this analysis, the latest news was as follows:
- Hubbell Communications and DHM Research release report on the rise of socialism in Oregon
- Hubbell Incorporated To Announce Third Quarter 2019 Results On October 29, 2019
- Hubbell Reports Second Quarter 2019 Results
- Hubbell Declares Regular Quarterly Dividend
- Hubbell Incorporated To Announce Second Quarter 2019 Results On July 30, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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