LIBERTY ENERGY INC. CLASS A - Daily - Technical analysis published on 10/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 12.74 USD
My targets
10.12 USD (-2.13%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LIBERTY OILFIELD SERVICES as long as the price remains well below 12.74 USD. The next bearish objective for sellers is set at 10.12 USD. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.1
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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 LIBERTY OILFIELD SERVICES price is 10.34 USD. On the day, this instrument lost -1.62% and was traded between 10.29 USD and 10.72 USD over the period. The price is currently at +0.49% from its lowest and -3.54% from its highest.10.29
10.72
10.34
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead 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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of LIBERTY OILFIELD SERVICES indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 10.12 | 10.34 | 12.74 | 14.16 | 16.22 |
| Change (%) | -2.13% | - | +23.21% | +36.94% | +56.87% |
| Change | -0.22 | - | +2.40 | +3.82 | +5.88 |
| Level | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.82 | 10.16 | 10.34 | 10.68 | 10.86 | 11.20 | 11.38 |
| Camarilla | 10.37 | 10.42 | 10.46 | 10.51 | 10.56 | 10.61 | 10.65 |
| Woodie | 9.73 | 10.12 | 10.25 | 10.64 | 10.77 | 11.16 | 11.29 |
| Fibonacci | 10.16 | 10.36 | 10.49 | 10.68 | 10.88 | 11.01 | 11.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.68 | 10.03 | 10.44 | 10.79 | 11.20 | 11.55 | 11.96 |
| Camarilla | 10.64 | 10.71 | 10.78 | 10.85 | 10.92 | 10.99 | 11.06 |
| Woodie | 9.71 | 10.05 | 10.47 | 10.81 | 11.23 | 11.57 | 11.99 |
| Fibonacci | 10.03 | 10.32 | 10.50 | 10.79 | 11.08 | 11.26 | 11.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.08 | 8.46 | 9.65 | 11.03 | 12.22 | 13.60 | 14.79 |
| Camarilla | 10.12 | 10.36 | 10.59 | 10.83 | 11.07 | 11.30 | 11.54 |
| Woodie | 6.98 | 8.41 | 9.55 | 10.98 | 12.12 | 13.55 | 14.69 |
| Fibonacci | 8.46 | 9.45 | 10.05 | 11.03 | 12.02 | 12.62 | 13.60 |
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): | 41.21 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -5.48 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 10.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.19 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 10.00 | |
| Zig ZAG (10): | 10.34 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 10.26 | |
| TEMA (21): | 10.69 | |
| Williams %R (14): | -97.65 | |
| Chande Momentum Oscillator (20): | -1.71 | |
| Repulse (5,40,3): | -4.6600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 5.20 |
| MA7: | 10.61 | |
| MA20: | 10.87 | |
| MA50: | 11.44 | |
| MA100: | 12.93 | |
| MAexp7: | 10.64 | |
| MAexp20: | 10.85 | |
| MAexp50: | 11.54 | |
| MAexp100: | 12.63 | |
| Price / MA7: | -2.54% | |
| Price / MA20: | -4.88% | |
| Price / MA50: | -9.62% | |
| Price / MA100: | -20.03% | |
| Price / MAexp7: | -2.82% | |
| Price / MAexp20: | -4.70% | |
| Price / MAexp50: | -10.40% | |
| Price / MAexp100: | -18.13% |
News
The last news published on LIBERTY OILFIELD SERVICES at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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