PREMIER INC. - Daily - Technical analysis published on 08/01/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 39.56 USD
My targets
40.82 USD (+3.03%)
42.85 USD (+8.15%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PREMIER INC. as long as the price remains well above 39.56 USD. The buyers” bullish objective is set at 40.82 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 42.85 USD. If there is any crossing, the next objective would be the resistance located at 44.64 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PREMIER INC. rating 39.62 USD. On the day, this instrument gained +2.25% and was between 38.96 USD and 39.83 USD. This implies that the price is at +1.69% from its lowest and at -0.53% from its highest.38.96
39.83
39.62
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:
Technical
Technical analysis of PREMIER INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
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
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 34.86 | 38.29 | 39.56 | 39.62 | 40.82 | 42.85 | 44.64 |
| Change (%) | -12.01% | -3.36% | -0.15% | - | +3.03% | +8.15% | +12.67% |
| Change | -4.76 | -1.33 | -0.06 | - | +1.20 | +3.23 | +5.02 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.27 | 37.24 | 38.00 | 38.97 | 39.72 | 40.69 | 41.45 |
| Camarilla | 38.28 | 38.43 | 38.59 | 38.75 | 38.91 | 39.07 | 39.22 |
| Woodie | 36.16 | 37.19 | 37.89 | 38.91 | 39.61 | 40.64 | 41.34 |
| Fibonacci | 37.24 | 37.90 | 38.31 | 38.97 | 39.63 | 40.03 | 40.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.35 | 37.93 | 38.89 | 39.47 | 40.44 | 41.02 | 41.98 |
| Camarilla | 39.44 | 39.58 | 39.72 | 39.86 | 40.00 | 40.14 | 40.29 |
| Woodie | 37.54 | 38.02 | 39.09 | 39.57 | 40.63 | 41.11 | 42.18 |
| Fibonacci | 37.93 | 38.52 | 38.88 | 39.47 | 40.06 | 40.43 | 41.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.01 | 37.11 | 37.93 | 39.03 | 39.85 | 40.95 | 41.77 |
| Camarilla | 38.22 | 38.40 | 38.57 | 38.75 | 38.93 | 39.10 | 39.28 |
| Woodie | 35.87 | 37.04 | 37.79 | 38.96 | 39.71 | 40.88 | 41.63 |
| Fibonacci | 37.11 | 37.85 | 38.30 | 39.03 | 39.77 | 40.22 | 40.95 |
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): | 56.39 | |
| MACD (12,26,9): | 0.2800 | |
| Directional Movement: | -9.82 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 39.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.13 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 37.76 | |
| Zig ZAG (10): | 39.67 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 62.51 | |
| TEMA (21): | 39.54 | |
| Williams %R (14): | -24.22 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | 0.7300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 1.29 |
| MA7: | 39.53 | |
| MA20: | 39.36 | |
| MA50: | 38.50 | |
| MA100: | 36.62 | |
| MAexp7: | 39.46 | |
| MAexp20: | 39.29 | |
| MAexp50: | 38.51 | |
| MAexp100: | 37.84 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | +2.91% | |
| Price / MA100: | +8.19% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.84% | |
| Price / MAexp50: | +2.88% | |
| Price / MAexp100: | +4.70% |
News
The latest news and videos published on PREMIER INC. at the time of the analysis were as follows:
- Premier Inc. Reports Fiscal 2019 Third-Quarter Results
- Premier Inc. Projects 3.8 Percent Price Inflation for Pharmaceuticals
- Healthcare Improvement Company Premier Inc. to Present at Raymond James & Associates 40th Annual Institutional Investors Conference in Orlando on Tuesday, March 5, 2019 at 1:40 p.m. ET
- Premier Inc. to Deploy Enterprise Resource Planning Solution Across University Health System
- Healthcare Improvement Company Premier Inc. to Present at 8th Annual Leerink Partners Global Healthcare Conference in New York on Wednesday, Feb. 27, 2019 at 11:30 a.m. ET
This member declared not having a position on this financial instrument or a related financial instrument.
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