BANDWIDTH INC. - Daily - Technical analysis published on 01/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 69.70 USD
My targets
74.49 USD (+4.65%)
78.50 USD (+10.28%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BANDWIDTH INC.. This is a positive signal for buyers. As long as the price remains above 69.70 USD, a purchase could be considered. The first bullish objective is located at 74.49 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 78.50 USD as an objective. Crossing it would then enable buyers to target 83.61 USD. In the event of a return below 69.70 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.4
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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 BANDWIDTH INC. price is 71.18 USD. On the day, this instrument lost +0.75% and was between 69.60 USD and 71.58 USD. This implies that the price is at +2.27% from its lowest and at -0.56% from its highest.69.60
71.58
71.18
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BANDWIDTH INC. indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 55.89 | 63.67 | 70.46 | 71.18 | 74.49 | 78.50 | 83.61 |
| Change (%) | -21.48% | -10.55% | -1.01% | - | +4.65% | +10.28% | +17.46% |
| Change | -15.29 | -7.51 | -0.72 | - | +3.31 | +7.32 | +12.43 |
| Level | Intermediate | Major | Major | - | Minor | Intermediate | Minor |
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 | 68.86 | 69.67 | 70.16 | 70.97 | 71.46 | 72.27 | 72.76 |
| Camarilla | 70.29 | 70.41 | 70.53 | 70.65 | 70.77 | 70.89 | 71.01 |
| Woodie | 68.70 | 69.59 | 70.00 | 70.89 | 71.30 | 72.19 | 72.60 |
| Fibonacci | 69.67 | 70.17 | 70.47 | 70.97 | 71.47 | 71.77 | 72.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.94 | 67.41 | 69.26 | 70.73 | 72.58 | 74.05 | 75.90 |
| Camarilla | 70.20 | 70.50 | 70.81 | 71.11 | 71.41 | 71.72 | 72.02 |
| Woodie | 66.13 | 67.50 | 69.45 | 70.83 | 72.77 | 74.15 | 76.09 |
| Fibonacci | 67.41 | 68.68 | 69.46 | 70.73 | 72.00 | 72.78 | 74.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.60 | 46.25 | 55.15 | 60.80 | 69.70 | 75.34 | 84.24 |
| Camarilla | 60.05 | 61.38 | 62.72 | 64.05 | 65.38 | 66.72 | 68.05 |
| Woodie | 42.23 | 47.06 | 56.78 | 61.61 | 71.32 | 76.15 | 85.87 |
| Fibonacci | 46.25 | 51.81 | 55.24 | 60.80 | 66.35 | 69.78 | 75.34 |
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): | 74.21 | |
| MACD (12,26,9): | 3.0200 | |
| Directional Movement: | 16.40 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 71.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.12 | |
| Elder Ray (13): | 1.17 | |
| Super Trend (3,10): | 65.56 | |
| Zig ZAG (10): | 71.44 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 85.29 | |
| TEMA (21): | 72.92 | |
| Williams %R (14): | -8.18 | |
| Chande Momentum Oscillator (20): | 4.06 | |
| Repulse (5,40,3): | 2.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7600 | |
| Courbe Coppock: | 18.73 |
| MA7: | 70.95 | |
| MA20: | 67.93 | |
| MA50: | 60.47 | |
| MA100: | 63.06 | |
| MAexp7: | 70.55 | |
| MAexp20: | 67.80 | |
| MAexp50: | 64.08 | |
| MAexp100: | 64.26 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +4.78% | |
| Price / MA50: | +17.71% | |
| Price / MA100: | +12.88% | |
| Price / MAexp7: | +0.89% | |
| Price / MAexp20: | +4.99% | |
| Price / MAexp50: | +11.08% | |
| Price / MAexp100: | +10.77% |
This member declared not having a position on this financial instrument or a related financial instrument.
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