MOTORCAR PARTS OF AMERICA INC. - Daily - Technical analysis published on 09/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 16.40 USD
My targets
18.60 USD (+7.83%)
19.42 USD (+12.58%)
My analysis
The strong short-term increase in MOTORCAR PARTS OF AMERICA INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 16.40 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 18.60 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 19.42 USD as an objective. Crossing it would then enable buyers to target 20.66 USD. Caution, a return under 16.40 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
2.9
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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 MOTORCAR PARTS OF AMERICA INC. rating is 17.25 USD. On the day, this instrument gained +0.76% and was traded between 16.73 USD and 17.32 USD over the period. The price is currently at +3.11% from its lowest and -0.40% from its highest.16.73
17.32
17.25
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 MOTORCAR PARTS OF AMERICA INC. indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.86 | 15.48 | 16.40 | 17.25 | 18.60 | 19.42 | 20.66 |
| Change (%) | -19.65% | -10.26% | -4.93% | - | +7.83% | +12.58% | +19.77% |
| Change | -3.39 | -1.77 | -0.85 | - | +1.35 | +2.17 | +3.41 |
| Level | Major | Major | Intermediate | - | Minor | Minor | 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 | 15.71 | 16.01 | 16.57 | 16.87 | 17.43 | 17.73 | 18.29 |
| Camarilla | 16.88 | 16.96 | 17.04 | 17.12 | 17.20 | 17.28 | 17.36 |
| Woodie | 15.83 | 16.08 | 16.69 | 16.94 | 17.55 | 17.80 | 18.41 |
| Fibonacci | 16.01 | 16.34 | 16.55 | 16.87 | 17.20 | 17.41 | 17.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.72 | 13.06 | 13.69 | 14.03 | 14.66 | 15.00 | 15.63 |
| Camarilla | 14.04 | 14.13 | 14.22 | 14.31 | 14.40 | 14.49 | 14.58 |
| Woodie | 12.86 | 13.13 | 13.83 | 14.10 | 14.80 | 15.07 | 15.77 |
| Fibonacci | 13.06 | 13.43 | 13.66 | 14.03 | 14.40 | 14.63 | 15.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.73 | 11.36 | 12.95 | 15.58 | 17.17 | 19.80 | 21.39 |
| Camarilla | 13.37 | 13.76 | 14.14 | 14.53 | 14.92 | 15.30 | 15.69 |
| Woodie | 8.20 | 11.10 | 12.42 | 15.32 | 16.64 | 19.54 | 20.86 |
| Fibonacci | 11.36 | 12.98 | 13.97 | 15.58 | 17.20 | 18.19 | 19.80 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.69 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | 14.29 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 15.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.78 | |
| Elder Ray (13): | 1.52 | |
| Super Trend (3,10): | 14.74 | |
| Zig ZAG (10): | 17.25 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 98.66 | |
| TEMA (21): | 15.67 | |
| Williams %R (14): | -1.79 | |
| Chande Momentum Oscillator (20): | 2.57 | |
| Repulse (5,40,3): | 13.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.5200 | |
| Courbe Coppock: | 7.92 |
| MA7: | 15.44 | |
| MA20: | 15.06 | |
| MA50: | 16.63 | |
| MA100: | 17.95 | |
| MAexp7: | 15.94 | |
| MAexp20: | 15.51 | |
| MAexp50: | 16.34 | |
| MAexp100: | 17.39 | |
| Price / MA7: | +11.72% | |
| Price / MA20: | +14.54% | |
| Price / MA50: | +3.73% | |
| Price / MA100: | -3.90% | |
| Price / MAexp7: | +8.22% | |
| Price / MAexp20: | +11.22% | |
| Price / MAexp50: | +5.57% | |
| Price / MAexp100: | -0.81% |
News
The last news published on MOTORCAR PARTS OF AMERICA INC. at the time of the generation of this analysis was as follows:
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Motorcar Parts of America Inc. - MPAA
- Lifshitz & Miller LLP Announces Investigation of Amdocs Limited, The Container Store Group, McCormick & Company, Motorcar Parts of America, Inc., SITO Mobile, Ltd., TrueCar, Inc., United Microelectronics Corp., and Uxin Limited
- Motorcar Parts of America Selects Quantum Xcellis and CatDV to Rev Up Media Production
- Motorcar Parts of America, Inc. to Host Earnings Call
- Motorcar Parts of America, 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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