LEAR CORP. - Daily - Technical analysis published on 09/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
11%
44%
44%
My opinion
Bearish under 132.12 USD
My targets
117.16 USD (-0.71%)
111.17 USD (-5.79%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LEAR CORP. as long as the price remains well below 132.12 USD. The next bearish objective for sellers is set at 117.16 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 111.17 USD. If there is any crossing, the next objective would be the support located at 106.01 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
6.1
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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
LEAR CORP. rating 118.00 USD. On the day, this instrument gained +1.42% and was traded between 114.90 USD and 118.58 USD over the period. The price is currently at +2.70% from its lowest and -0.49% from its highest.114.90
118.58
118.00
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of LEAR CORP. indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Near horizontal support
Type : Bullish
Timeframe : Daily
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 engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 106.01 | 111.17 | 117.16 | 118.00 | 132.12 | 140.39 | 158.79 |
| Change (%) | -10.16% | -5.79% | -0.71% | - | +11.97% | +18.97% | +34.57% |
| Change | -11.99 | -6.83 | -0.84 | - | +14.12 | +22.39 | +40.79 |
| Level | Major | Major | Major | - | Minor | Major | Intermediate |
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 | 109.78 | 112.73 | 114.54 | 117.49 | 119.30 | 122.25 | 124.06 |
| Camarilla | 115.04 | 115.48 | 115.91 | 116.35 | 116.79 | 117.22 | 117.66 |
| Woodie | 109.21 | 112.45 | 113.97 | 117.21 | 118.73 | 121.97 | 123.49 |
| Fibonacci | 112.73 | 114.55 | 115.67 | 117.49 | 119.31 | 120.43 | 122.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.80 | 112.81 | 115.86 | 120.87 | 123.92 | 128.93 | 131.98 |
| Camarilla | 116.68 | 117.42 | 118.16 | 118.90 | 119.64 | 120.38 | 121.12 |
| Woodie | 106.81 | 112.32 | 114.87 | 120.38 | 122.93 | 128.44 | 130.99 |
| Fibonacci | 112.81 | 115.89 | 117.79 | 120.87 | 123.95 | 125.85 | 128.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.45 | 91.91 | 102.08 | 114.54 | 124.71 | 137.17 | 147.34 |
| Camarilla | 106.04 | 108.11 | 110.19 | 112.26 | 114.33 | 116.41 | 118.48 |
| Woodie | 78.32 | 91.34 | 100.95 | 113.97 | 123.58 | 136.60 | 146.21 |
| Fibonacci | 91.91 | 100.55 | 105.89 | 114.54 | 123.18 | 128.52 | 137.17 |
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): | 48.64 | |
| MACD (12,26,9): | 0.5900 | |
| Directional Movement: | -7.70 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 119.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 127.96 | |
| Elder Ray (13): | -2.48 | |
| Super Trend (3,10): | 115.25 | |
| Zig ZAG (10): | 118.00 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 23.01 | |
| TEMA (21): | 121.19 | |
| Williams %R (14): | -79.42 | |
| Chande Momentum Oscillator (20): | -5.92 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 7.85 |
| MA7: | 118.76 | |
| MA20: | 118.92 | |
| MA50: | 118.63 | |
| MA100: | 125.70 | |
| MAexp7: | 118.94 | |
| MAexp20: | 118.80 | |
| MAexp50: | 120.23 | |
| MAexp100: | 125.05 | |
| Price / MA7: | -0.64% | |
| Price / MA20: | -0.77% | |
| Price / MA50: | -0.53% | |
| Price / MA100: | -6.13% | |
| Price / MAexp7: | -0.79% | |
| Price / MAexp20: | -0.67% | |
| Price / MAexp50: | -1.85% | |
| Price / MAexp100: | -5.64% |
News
The last news published on LEAR CORP. at the time of the generation of this analysis was as follows:
- Xevo Partners with Hyundai to Offer Customers In-Vehicle Commerce
- Lear Captures Four J.D. Power Seat Quality Awards
- Lear Appoints Aerospace Industry Veteran Carl Esposito as President of E-Systems
- Lear Declares Quarterly Cash Dividend
- Lear Headquarters Hosts National Tour Promoting Diversity and Inclusion
This member declared not having a position on this financial instrument or a related financial instrument.
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