MASCO CORP. - Daily - Technical analysis published on 11/18/2019 (GMT)
- 249
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 42.39 USD
My targets
46.27 USD (+1.25%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MASCO CORP. as long as the price remains well above 42.39 USD. The buyers” bullish objective is set at 46.27 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
0
10
5.2
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
MASCO CORP. rating 45.70 USD. The price registered an increase of +0.15% on the session and was between 45.50 USD and 45.86 USD. This implies that the price is at +0.44% from its lowest and at -0.35% from its highest.45.50
45.86
45.70
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MASCO CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
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
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 38.03 | 40.86 | 42.39 | 45.70 | 46.27 |
| Change (%) | -16.78% | -10.59% | -7.24% | - | +1.25% |
| Change | -7.67 | -4.84 | -3.31 | - | +0.57 |
| Level | Major | Intermediate | 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 | 44.25 | 44.85 | 45.24 | 45.84 | 46.23 | 46.83 | 47.22 |
| Camarilla | 45.36 | 45.45 | 45.54 | 45.63 | 45.72 | 45.81 | 45.90 |
| Woodie | 44.15 | 44.80 | 45.14 | 45.79 | 46.13 | 46.78 | 47.12 |
| Fibonacci | 44.85 | 45.23 | 45.46 | 45.84 | 46.22 | 46.45 | 46.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.82 | 44.64 | 45.13 | 45.95 | 46.44 | 47.26 | 47.75 |
| Camarilla | 45.27 | 45.39 | 45.51 | 45.63 | 45.75 | 45.87 | 45.99 |
| Woodie | 43.67 | 44.56 | 44.98 | 45.87 | 46.29 | 47.18 | 47.60 |
| Fibonacci | 44.64 | 45.14 | 45.45 | 45.95 | 46.45 | 46.76 | 47.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.43 | 37.69 | 41.97 | 44.22 | 48.50 | 50.75 | 55.04 |
| Camarilla | 44.45 | 45.05 | 45.65 | 46.25 | 46.85 | 47.45 | 48.05 |
| Woodie | 36.45 | 38.19 | 42.98 | 44.73 | 49.52 | 51.26 | 56.05 |
| Fibonacci | 37.69 | 40.18 | 41.72 | 44.22 | 46.72 | 48.26 | 50.75 |
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): | 57.33 | |
| MACD (12,26,9): | 0.8000 | |
| Directional Movement: | 5.28 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 46.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.78 | |
| Elder Ray (13): | -0.19 | |
| Super Trend (3,10): | 44.28 | |
| Zig ZAG (10): | 45.69 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 52.57 | |
| TEMA (21): | 46.59 | |
| Williams %R (14): | -62.13 | |
| Chande Momentum Oscillator (20): | -0.56 | |
| Repulse (5,40,3): | -0.9000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3400 | |
| Courbe Coppock: | 5.67 |
| MA7: | 46.16 | |
| MA20: | 45.68 | |
| MA50: | 43.48 | |
| MA100: | 41.47 | |
| MAexp7: | 46.00 | |
| MAexp20: | 45.48 | |
| MAexp50: | 43.83 | |
| MAexp100: | 42.03 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | +5.11% | |
| Price / MA100: | +10.20% | |
| Price / MAexp7: | -0.65% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +4.27% | |
| Price / MAexp100: | +8.73% |
News
The latest news and videos published on MASCO CORP. at the time of the analysis were as follows:
- Masco Corporation Announces Live Webcast of Presentation at Investor Conference – November 7, 2019
- Masco Corporation Announces Signing of Definitive Agreement to Sell Milgard Windows
- Masco Corporation Announces Date for Earnings Release and Conference Call for 2019 Third Quarter
- Masco Corporation Declares Quarterly Dividend and Announces $2.0 Billion Share Repurchase Authorization
- Masco Corporation to Host Investor Day on September 17, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis MASCO CORP. - Daily