PHOTRONICS INC. - Daily - Technical analysis published on 09/03/2019 (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
94%
0%
6%
My opinion
Bullish above 10.48 USD
My targets
11.02 USD (+3.47%)
11.43 USD (+7.32%)
My analysis
The bullish trend is currently very strong on PHOTRONICS INC.. As long as the price remains above the support at 10.48 USD, you could try to benefit from the boom. The first bullish objective is located at 11.02 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.43 USD as an objective. Crossing it would then enable buyers to target 11.85 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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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 PHOTRONICS INC. price is 10.65 USD. The price is lower by -1.39% since the last closing and was between 10.65 USD and 10.75 USD. This implies that the price is at 0% from its lowest and at -0.93% from its highest.10.65
10.75
10.65
The Central Gaps scanner detects a bullish 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
Here is a more detailed summary of the historical variations registered by PHOTRONICS INC.:
Technical
Technical analysis of PHOTRONICS INC. in Daily shows a strongly overall bullish trend. 92.86% 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 currently does not detect any result that concerns moving averages.
In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.07 | 10.07 | 10.48 | 10.65 | 11.02 | 11.43 | 11.85 |
| Change (%) | -14.84% | -5.45% | -1.60% | - | +3.47% | +7.32% | +11.27% |
| Change | -1.58 | -0.58 | -0.17 | - | +0.37 | +0.78 | +1.20 |
| Level | Major | Major | Minor | - | Minor | 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 | 9.19 | 9.52 | 9.91 | 10.24 | 10.62 | 10.95 | 11.34 |
| Camarilla | 10.09 | 10.16 | 10.22 | 10.29 | 10.36 | 10.42 | 10.49 |
| Woodie | 9.22 | 9.53 | 9.93 | 10.25 | 10.65 | 10.96 | 11.36 |
| Fibonacci | 9.52 | 9.79 | 9.96 | 10.24 | 10.51 | 10.68 | 10.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.17 | 8.63 | 9.03 | 9.49 | 9.89 | 10.35 | 10.75 |
| Camarilla | 9.18 | 9.26 | 9.34 | 9.42 | 9.50 | 9.58 | 9.66 |
| Woodie | 8.13 | 8.62 | 8.99 | 9.48 | 9.85 | 10.34 | 10.71 |
| Fibonacci | 8.63 | 8.96 | 9.17 | 9.49 | 9.82 | 10.03 | 10.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.09 | 7.05 | 8.34 | 9.30 | 10.59 | 11.55 | 12.84 |
| Camarilla | 9.01 | 9.22 | 9.42 | 9.63 | 9.84 | 10.04 | 10.25 |
| Woodie | 7.22 | 7.88 | 9.61 | 9.38 | 10.76 | 11.63 | 13.01 |
| Fibonacci | 7.05 | 7.91 | 8.44 | 9.30 | 10.16 | 11.57 | 12.48 |
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): | 70.31 | |
| MACD (12,26,9): | 0.3600 | |
| Directional Movement: | 30.68 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 10.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.93 | |
| Elder Ray (13): | 0.82 | |
| Super Trend (3,10): | 9.39 | |
| Zig ZAG (10): | 10.80 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 88.97 | |
| TEMA (21): | 10.03 | |
| Williams %R (14): | -5.44 | |
| Chande Momentum Oscillator (20): | 2.04 | |
| Repulse (5,40,3): | 8.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 21.81 |
| MA7: | 9.81 | |
| MA20: | 9.29 | |
| MA50: | 8.98 | |
| MA100: | 8.93 | |
| MAexp7: | 9.95 | |
| MAexp20: | 9.50 | |
| MAexp50: | 9.18 | |
| MAexp100: | 9.14 | |
| Price / MA7: | +8.56% | |
| Price / MA20: | +14.64% | |
| Price / MA50: | +18.60% | |
| Price / MA100: | +19.26% | |
| Price / MAexp7: | +7.04% | |
| Price / MAexp20: | +12.11% | |
| Price / MAexp50: | +16.01% | |
| Price / MAexp100: | +16.52% |
News
Don"t forget to follow the news on PHOTRONICS INC.. At the time of publication of this analysis, the latest news was as follows:
-
Photronics, Inc. - PLAB Stock Chart Technical Analysis for 07-23-2019
- Photronics, Inc. to Host Earnings Call
- Photronics, Inc. to Host Earnings Call
- Par Pacific Holdings and Photronics Set to Join S&P SmallCap 600
- Investor Network: Photronics, 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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