IRONWOOD PHARMACEUTICALS INC. - Daily - Technical analysis published on 08/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 11.92 USD
My targets
9.85 USD (-4.09%)
9.26 USD (-9.83%)
My analysis
IRONWOOD PHARMACEUTICALS INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 11.92 USD. The next support located at 9.85 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 9.26 USD. Below this support, sellers could then target 7.80 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
IRONWOOD PHARMACEUTICALS INC. rating 10.27 USD. On the day, this instrument gained +2.70% with the lowest point at 9.90 USD and the highest point at 10.30 USD. The deviation from the price is +3.74% for the low point and -0.29% for the high point.9.90
10.30
10.27
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IRONWOOD PHARMACEUTICALS INC.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of IRONWOOD PHARMACEUTICALS INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.80 | 9.26 | 9.85 | 10.27 | 11.92 | 13.27 | 14.46 |
| Change (%) | -24.05% | -9.83% | -4.09% | - | +16.07% | +29.21% | +40.80% |
| Change | -2.47 | -1.01 | -0.42 | - | +1.65 | +3.00 | +4.19 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.60 | 9.76 | 9.88 | 10.04 | 10.16 | 10.32 | 10.44 |
| Camarilla | 9.92 | 9.95 | 9.97 | 10.00 | 10.03 | 10.05 | 10.08 |
| Woodie | 9.58 | 9.75 | 9.86 | 10.03 | 10.14 | 10.31 | 10.42 |
| Fibonacci | 9.76 | 9.87 | 9.93 | 10.04 | 10.15 | 10.21 | 10.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.53 | 8.75 | 9.52 | 10.74 | 11.51 | 12.73 | 13.50 |
| Camarilla | 9.73 | 9.92 | 10.10 | 10.28 | 10.46 | 10.65 | 10.83 |
| Woodie | 7.30 | 8.64 | 9.29 | 10.63 | 11.28 | 12.62 | 13.27 |
| Fibonacci | 8.75 | 9.51 | 9.98 | 10.74 | 11.50 | 11.97 | 12.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.46 | 8.63 | 9.63 | 10.80 | 11.80 | 12.97 | 13.97 |
| Camarilla | 10.03 | 10.23 | 10.43 | 10.63 | 10.83 | 11.03 | 11.23 |
| Woodie | 7.38 | 8.59 | 9.55 | 10.76 | 11.72 | 12.93 | 13.89 |
| Fibonacci | 8.63 | 9.46 | 9.97 | 10.80 | 11.63 | 12.14 | 12.97 |
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): | 45.88 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | 3.46 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 10.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.93 | |
| Elder Ray (13): | -0.28 | |
| Super Trend (3,10): | 11.61 | |
| Zig ZAG (10): | 10.27 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 17.67 | |
| TEMA (21): | 10.27 | |
| Williams %R (14): | -78.34 | |
| Chande Momentum Oscillator (20): | -0.45 | |
| Repulse (5,40,3): | -0.9000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 4.65 |
| MA7: | 10.34 | |
| MA20: | 10.47 | |
| MA50: | 10.71 | |
| MA100: | 11.29 | |
| MAexp7: | 10.30 | |
| MAexp20: | 10.45 | |
| MAexp50: | 10.72 | |
| MAexp100: | 11.30 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | -1.91% | |
| Price / MA50: | -4.11% | |
| Price / MA100: | -9.03% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -1.72% | |
| Price / MAexp50: | -4.20% | |
| Price / MAexp100: | -9.12% |
News
Don"t forget to follow the news on IRONWOOD PHARMACEUTICALS INC.. At the time of publication of this analysis, the latest news was as follows:
- Cyclerion, the Planned R&D Spin-off of Ironwood Pharmaceuticals, Secures Commitments of $175 Million in Private Offering
- Ironwood Pharmaceuticals to Present at SVB Leerink Global Healthcare Conference
- Ironwood Pharmaceuticals Provides Fourth Quarter and Full Year 2018 Investor Update
- Sarissa Capital Issues Statement On Ironwood Pharmaceuticals
- Investor Network: Ironwood Pharmaceuticals, Inc. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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