LANCASTER COLONY - Daily - Technical analysis published on 09/27/2019 (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
17%
61%
22%
My opinion
Bearish under 144.00 USD
My targets
140.19 USD (-0.45%)
134.49 USD (-4.50%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LANCASTER COLONY as long as the price remains well below 144.00 USD. The sellers” bearish objective is set at 140.19 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 134.49 USD. In case of crossing, the next objective would be the support located at 126.09 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.1
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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 LANCASTER COLONY price is 140.83 USD. The price registered a decrease of -0.64% on the session and was between 140.55 USD and 142.29 USD. This implies that the price is at +0.20% from its lowest and at -1.03% from its highest.140.55
142.29
140.83
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 LANCASTER COLONY:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this LANCASTER COLONY chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
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 under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 126.09 | 134.49 | 140.19 | 140.83 | 144.00 | 148.64 | 157.93 |
| Change (%) | -10.47% | -4.50% | -0.45% | - | +2.25% | +5.55% | +12.14% |
| Change | -14.74 | -6.34 | -0.64 | - | +3.17 | +7.81 | +17.10 |
| Level | Minor | Intermediate | Major | - | Major | Major | 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 | 135.40 | 138.42 | 140.08 | 143.11 | 144.77 | 147.79 | 149.45 |
| Camarilla | 140.45 | 140.88 | 141.31 | 141.74 | 142.17 | 142.60 | 143.03 |
| Woodie | 134.71 | 138.08 | 139.40 | 142.77 | 144.08 | 147.45 | 148.77 |
| Fibonacci | 138.42 | 140.21 | 141.32 | 143.11 | 144.90 | 146.00 | 147.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.51 | 140.31 | 141.80 | 144.60 | 146.08 | 148.88 | 150.37 |
| Camarilla | 142.10 | 142.49 | 142.89 | 143.28 | 143.67 | 144.07 | 144.46 |
| Woodie | 136.85 | 139.98 | 141.14 | 144.27 | 145.42 | 148.55 | 149.71 |
| Fibonacci | 140.31 | 141.95 | 142.96 | 144.60 | 146.23 | 147.24 | 148.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 117.76 | 128.33 | 137.11 | 147.68 | 156.47 | 167.04 | 175.82 |
| Camarilla | 140.58 | 142.35 | 144.13 | 145.90 | 147.67 | 149.45 | 151.22 |
| Woodie | 116.87 | 127.88 | 136.22 | 147.24 | 155.58 | 166.59 | 174.93 |
| Fibonacci | 128.33 | 135.72 | 140.29 | 147.68 | 155.08 | 159.64 | 167.04 |
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): | 38.46 | |
| MACD (12,26,9): | -2.0500 | |
| Directional Movement: | -8.58 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 142.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 146.95 | |
| Elder Ray (13): | -2.23 | |
| Super Trend (3,10): | 152.20 | |
| Zig ZAG (10): | 140.99 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 18.80 | |
| TEMA (21): | 141.09 | |
| Williams %R (14): | -94.52 | |
| Chande Momentum Oscillator (20): | -5.93 | |
| Repulse (5,40,3): | -4.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 4.86 |
| MA7: | 142.48 | |
| MA20: | 144.86 | |
| MA50: | 149.13 | |
| MA100: | 148.50 | |
| MAexp7: | 142.46 | |
| MAexp20: | 144.77 | |
| MAexp50: | 147.32 | |
| MAexp100: | 149.38 | |
| Price / MA7: | -1.16% | |
| Price / MA20: | -2.78% | |
| Price / MA50: | -5.57% | |
| Price / MA100: | -5.16% | |
| Price / MAexp7: | -1.14% | |
| Price / MAexp20: | -2.72% | |
| Price / MAexp50: | -4.41% | |
| Price / MAexp100: | -5.72% |
News
The last news published on LANCASTER COLONY at the time of the generation of this analysis was as follows:
- Lancaster Colony Reports Fourth Quarter and Fiscal Year Results
- Lancaster Colony Continues Higher Cash Dividend; Board of Directors Sets Annual Meeting Date and Time
- Lancaster Colony Corporation Names Kristin Bird Foodservice Division President
- Lancaster Colony To Webcast Fourth Quarter And Fiscal Year 2019 Conference Call
- Lancaster Colony To Present At Baird 2019 Global Consumer, Technology & Services Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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