O REILLY AUTOMOTIVE INC. - Daily - Technical analysis published on 09/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 387.98 USD
My targets
408.67 USD (+2.40%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on O REILLY AUTOMOTIVE INC. as long as the price remains well above 387.98 USD. The buyers” bullish objective is set at 408.67 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.8
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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 O REILLY AUTOMOTIVE INC. rating is 399.10 USD. The price has increased by +0.31% since the last closing and was traded between 398.22 USD and 404.17 USD over the period. The price is currently at +0.22% from its lowest and -1.25% from its highest.398.22
404.17
399.10
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of O REILLY AUTOMOTIVE INC. indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 352.57 | 363.78 | 387.98 | 399.10 | 408.67 |
| Change (%) | -11.66% | -8.85% | -2.79% | - | +2.40% |
| Change | -46.53 | -35.32 | -11.12 | - | +9.57 |
| 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 | 388.95 | 393.05 | 395.46 | 399.56 | 401.97 | 406.07 | 408.48 |
| Camarilla | 396.09 | 396.69 | 397.28 | 397.88 | 398.48 | 399.07 | 399.67 |
| Woodie | 388.12 | 392.63 | 394.63 | 399.14 | 401.14 | 405.65 | 407.65 |
| Fibonacci | 393.05 | 395.53 | 397.07 | 399.56 | 402.04 | 403.58 | 406.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 358.31 | 368.27 | 383.57 | 393.53 | 408.83 | 418.79 | 434.09 |
| Camarilla | 391.91 | 394.23 | 396.55 | 398.86 | 401.18 | 403.49 | 405.81 |
| Woodie | 360.97 | 369.61 | 386.23 | 394.87 | 411.49 | 420.13 | 436.75 |
| Fibonacci | 368.27 | 377.92 | 383.88 | 393.53 | 403.18 | 409.14 | 418.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 335.59 | 347.72 | 365.74 | 377.88 | 395.90 | 408.03 | 426.05 |
| Camarilla | 375.47 | 378.23 | 381.00 | 383.76 | 386.52 | 389.29 | 392.05 |
| Woodie | 338.53 | 349.19 | 368.68 | 379.35 | 398.84 | 409.50 | 428.99 |
| Fibonacci | 347.72 | 359.24 | 366.36 | 377.88 | 389.39 | 396.51 | 408.03 |
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): | 57.81 | |
| MACD (12,26,9): | 3.3700 | |
| Directional Movement: | 4.46 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 396.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 379.74 | |
| Elder Ray (13): | 7.27 | |
| Super Trend (3,10): | 410.58 | |
| Zig ZAG (10): | 399.56 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 66.71 | |
| TEMA (21): | 397.94 | |
| Williams %R (14): | -31.52 | |
| Chande Momentum Oscillator (20): | -0.31 | |
| Repulse (5,40,3): | -0.8000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 3.32 |
| MA7: | 392.61 | |
| MA20: | 392.41 | |
| MA50: | 386.60 | |
| MA100: | 380.79 | |
| MAexp7: | 395.61 | |
| MAexp20: | 392.18 | |
| MAexp50: | 387.58 | |
| MAexp100: | 383.15 | |
| Price / MA7: | +1.65% | |
| Price / MA20: | +1.70% | |
| Price / MA50: | +3.23% | |
| Price / MA100: | +4.81% | |
| Price / MAexp7: | +0.88% | |
| Price / MAexp20: | +1.76% | |
| Price / MAexp50: | +2.97% | |
| Price / MAexp100: | +4.16% |
News
The last news published on O REILLY AUTOMOTIVE INC. at the time of the generation of this analysis was as follows:
- Lightbend to Showcase Best Streaming Data Practices for Machine Learning At O’Reilly Strata Data Summit This Week in New York
- Investor Alert: Ademi & O'Reilly, LLP Investigates Possible Securities Fraud of Meredith Corporation
- Lightbend Instructors to Lead O’Reilly AI Conference Workshop Focused on Machine Learning with Kafka-Based Streaming Pipelines
- Investor Alert: Ademi & O'Reilly, LLP Investigates Possible Securities Fraud of Farfetch Limited
- Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Presidio, Inc. has obtained a Fair Price in its sale to BC Partners
This member declared not having a position on this financial instrument or a related financial instrument.
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