WHEATON PRECIOUS METALS CORP - Daily - Technical analysis published on 12/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 26.30 USD
My targets
29.56 USD (+8.40%)
30.88 USD (+13.24%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on WHEATON PRECIOUS METALS CORP as long as the price remains well above 26.30 USD. The buyers” bullish objective is set at 29.56 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 30.88 USD. If there is any crossing, the next objective would be the resistance located at 41.10 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
3
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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 WHEATON PRECIOUS METALS CORP rating is 27.27 USD. The price registered a decrease of -2.82% on the session and was traded between 27.26 USD and 27.86 USD over the period. The price is currently at +0.04% from its lowest and -2.12% from its highest.27.26
27.86
27.27
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by WHEATON PRECIOUS METALS CORP:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WHEATON PRECIOUS METALS CORP in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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:
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.73 | 25.13 | 26.30 | 27.27 | 27.32 | 30.88 | 41.10 |
| Change (%) | -16.65% | -7.85% | -3.56% | - | +0.18% | +13.24% | +50.72% |
| Change | -4.54 | -2.14 | -0.97 | - | +0.05 | +3.61 | +13.83 |
| Level | Major | Minor | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.57 | 27.81 | 27.93 | 28.17 | 28.29 | 28.53 | 28.65 |
| Camarilla | 27.96 | 27.99 | 28.03 | 28.06 | 28.09 | 28.13 | 28.16 |
| Woodie | 27.52 | 27.78 | 27.88 | 28.14 | 28.24 | 28.50 | 28.60 |
| Fibonacci | 27.81 | 27.94 | 28.03 | 28.17 | 28.30 | 28.39 | 28.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.08 | 26.44 | 27.00 | 27.36 | 27.92 | 28.27 | 28.83 |
| Camarilla | 27.31 | 27.39 | 27.48 | 27.56 | 27.65 | 27.73 | 27.81 |
| Woodie | 26.19 | 26.49 | 27.10 | 27.41 | 28.02 | 28.32 | 28.94 |
| Fibonacci | 26.44 | 26.79 | 27.01 | 27.36 | 27.71 | 27.92 | 28.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.58 | 24.58 | 26.07 | 27.07 | 28.56 | 29.56 | 31.05 |
| Camarilla | 26.88 | 27.10 | 27.33 | 27.56 | 27.79 | 28.02 | 28.25 |
| Woodie | 23.82 | 24.70 | 26.32 | 27.19 | 28.81 | 29.68 | 31.30 |
| Fibonacci | 24.58 | 25.53 | 26.12 | 27.07 | 28.02 | 28.61 | 29.56 |
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): | 49.52 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | -0.67 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 27.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.05 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 26.25 | |
| Zig ZAG (10): | 27.27 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 61.00 | |
| TEMA (21): | 27.91 | |
| Williams %R (14): | -71.86 | |
| Chande Momentum Oscillator (20): | -0.44 | |
| Repulse (5,40,3): | -2.5000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 6.84 |
| MA7: | 27.75 | |
| MA20: | 27.26 | |
| MA50: | 26.90 | |
| MA100: | 27.18 | |
| MAexp7: | 27.69 | |
| MAexp20: | 27.42 | |
| MAexp50: | 27.12 | |
| MAexp100: | 26.48 | |
| Price / MA7: | -1.73% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | +1.38% | |
| Price / MA100: | +0.33% | |
| Price / MAexp7: | -1.52% | |
| Price / MAexp20: | -0.55% | |
| Price / MAexp50: | +0.55% | |
| Price / MAexp100: | +2.98% |
This member declared not having a position on this financial instrument or a related financial instrument.
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