POSCO HLD. - Daily - Technical analysis published on 10/15/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 47.46 USD
My targets
50.22 USD (+4.95%)
55.03 USD (+15.01%)
My analysis
The basic trend is currently slightly bullish on POSCO and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 47.46 USD, purchases could be favourable. The first bullish objective would be the resistance located at 50.22 USD. Then the price could move towards 55.03 USD. Then 58.36 USD by extension. A return under the support to 47.46 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
4.5
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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 POSCO price is 47.85 USD. On the day, this instrument gained +0.34% with the lowest point at 47.44 USD and the highest point at 47.98 USD. The deviation from the price is +0.86% for the low point and -0.27% for the high point.47.44
47.98
47.85
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of POSCO in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.87 | 45.14 | 47.46 | 47.85 | 50.22 | 55.03 | 58.36 |
| Change (%) | -10.41% | -5.66% | -0.82% | - | +4.95% | +15.01% | +21.96% |
| Change | -4.98 | -2.71 | -0.39 | - | +2.37 | +7.18 | +10.51 |
| Level | Major | Major | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.91 | 47.28 | 47.48 | 47.85 | 48.05 | 48.42 | 48.62 |
| Camarilla | 47.53 | 47.59 | 47.64 | 47.69 | 47.74 | 47.80 | 47.85 |
| Woodie | 46.84 | 47.24 | 47.41 | 47.81 | 47.98 | 48.38 | 48.55 |
| Fibonacci | 47.28 | 47.49 | 47.63 | 47.85 | 48.06 | 48.20 | 48.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.87 | 44.16 | 46.25 | 47.54 | 49.63 | 50.92 | 53.01 |
| Camarilla | 47.40 | 47.71 | 48.02 | 48.33 | 48.64 | 48.95 | 49.26 |
| Woodie | 43.26 | 44.36 | 46.64 | 47.74 | 50.02 | 51.12 | 53.40 |
| Fibonacci | 44.16 | 45.45 | 46.25 | 47.54 | 48.83 | 49.63 | 50.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.80 | 39.31 | 43.23 | 46.74 | 50.66 | 54.17 | 58.09 |
| Camarilla | 45.12 | 45.80 | 46.48 | 47.16 | 47.84 | 48.52 | 49.20 |
| Woodie | 36.02 | 39.41 | 43.45 | 46.84 | 50.88 | 54.27 | 58.31 |
| Fibonacci | 39.31 | 42.15 | 43.90 | 46.74 | 49.58 | 51.33 | 54.17 |
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): | 56.57 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 10.50 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 47.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.11 | |
| Elder Ray (13): | 0.69 | |
| Super Trend (3,10): | 45.43 | |
| Zig ZAG (10): | 47.90 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 78.70 | |
| TEMA (21): | 47.26 | |
| Williams %R (14): | -23.41 | |
| Chande Momentum Oscillator (20): | 1.17 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 5.06 |
| MA7: | 46.86 | |
| MA20: | 47.20 | |
| MA50: | 45.40 | |
| MA100: | 47.89 | |
| MAexp7: | 47.22 | |
| MAexp20: | 46.92 | |
| MAexp50: | 46.87 | |
| MAexp100: | 48.22 | |
| Price / MA7: | +2.11% | |
| Price / MA20: | +1.38% | |
| Price / MA50: | +5.40% | |
| Price / MA100: | -0.08% | |
| Price / MAexp7: | +1.33% | |
| Price / MAexp20: | +1.98% | |
| Price / MAexp50: | +2.09% | |
| Price / MAexp100: | -0.77% |
News
The latest news and videos published on POSCO at the time of the analysis were as follows:
- POSCO Files Its Annual Report on Form 20-F
-
India, S. Korea Hope For Early Commencement Of POSCO Steel Plant Project
This member declared not having a position on this financial instrument or a related financial instrument.
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