HUNTSMAN CORP. - Daily - Technical analysis published on 12/11/2019 (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
61%
11%
28%
My opinion
Bullish above 21.90 USD
My targets
24.83 USD (+6.29%)
28.07 USD (+20.16%)
My analysis
HUNTSMAN CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 21.90 USD. The next resistance located at 24.83 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 28.07 USD. After this resistance, buyers could then target 30.79 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.7
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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 HUNTSMAN CORP. price is 23.36 USD. The price registered an increase of +1.79% on the session with the lowest point at 23.00 USD and the highest point at 23.49 USD. The deviation from the price is +1.57% for the low point and -0.55% for the high point.23.00
23.49
23.36
Here is a more detailed summary of the historical variations registered by HUNTSMAN CORP.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this HUNTSMAN CORP. chart shows a strongly 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.
An assessment of technical indicators shows a moderate bullish signal.
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 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.48 | 21.05 | 21.90 | 23.36 | 23.43 | 24.83 | 28.07 |
| Change (%) | -12.33% | -9.89% | -6.25% | - | +0.30% | +6.29% | +20.16% |
| Change | -2.88 | -2.31 | -1.46 | - | +0.07 | +1.47 | +4.71 |
| Level | Minor | Major | Major | - | 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 | 22.01 | 22.38 | 22.58 | 22.96 | 23.16 | 23.53 | 23.73 |
| Camarilla | 22.63 | 22.68 | 22.73 | 22.78 | 22.84 | 22.89 | 22.94 |
| Woodie | 21.92 | 22.34 | 22.50 | 22.91 | 23.07 | 23.49 | 23.65 |
| Fibonacci | 22.54 | 22.77 | 22.90 | 23.12 | 23.18 | 23.31 | 23.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.17 | 20.76 | 21.71 | 22.30 | 23.25 | 23.84 | 24.79 |
| Camarilla | 22.23 | 22.37 | 22.51 | 22.65 | 22.80 | 22.94 | 23.08 |
| Woodie | 20.35 | 20.85 | 21.89 | 22.39 | 23.42 | 23.93 | 24.96 |
| Fibonacci | 20.91 | 21.51 | 21.87 | 22.46 | 22.89 | 23.25 | 23.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.05 | 21.16 | 21.89 | 23.00 | 23.73 | 24.84 | 25.57 |
| Camarilla | 22.10 | 22.27 | 22.44 | 22.61 | 22.78 | 22.95 | 23.12 |
| Woodie | 19.85 | 21.07 | 21.69 | 22.91 | 23.53 | 24.75 | 25.37 |
| Fibonacci | 21.16 | 21.87 | 22.30 | 23.00 | 23.71 | 24.14 | 24.84 |
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): | 55.18 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 2.03 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 22.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.94 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 21.63 | |
| Zig ZAG (10): | 23.36 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 78.09 | |
| TEMA (21): | 22.79 | |
| Williams %R (14): | -12.32 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.34 |
| MA7: | 22.67 | |
| MA20: | 22.78 | |
| MA50: | 22.71 | |
| MA100: | 21.63 | |
| MAexp7: | 22.94 | |
| MAexp20: | 22.75 | |
| MAexp50: | 22.54 | |
| MAexp100: | 21.96 | |
| Price / MA7: | +3.04% | |
| Price / MA20: | +2.55% | |
| Price / MA50: | +2.86% | |
| Price / MA100: | +8.00% | |
| Price / MAexp7: | +1.83% | |
| Price / MAexp20: | +2.68% | |
| Price / MAexp50: | +3.64% | |
| Price / MAexp100: | +6.38% |
News
The latest news and videos published on HUNTSMAN CORP. at the time of the analysis were as follows:
- Huntsman Announces the Acquisition of Icynene-Lapolla, Expanding its Downstream Footprint in Spray Polyurethane Foam Insulation
- Huntsman to Present at Citi Basic Materials Conference on December 3rd; Update on Disruption at Port Neches Facility
- Huntsman Announces Fourth Quarter 2019 Common Dividend
- Huntsman Announces Third Quarter 2019 Earnings; Strong Cash Flow Generation in the Quarter; Divestiture of the Chemical Intermediates and Surfactants Businesses on Track
- Huntsman Completes the Purchase of the Remaining 50% Interest in the Sasol-Huntsman Joint Venture
This member declared not having a position on this financial instrument or a related financial instrument.
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