ASTRONICS CORP.
ASTRONICS CORP.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ATRO
ISIN:

ASTRONICS CORP. - Daily - Technical analysis published on 08/12/2019 (GMT)

  • 219
  • 0
  • Who voted?
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 28.48 USD
My targets
25.08 USD (-7.25%)
7.02 USD (-74.04%)
My analysis
ASTRONICS CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 28.48 USD. The next support located at 25.08 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 7.02 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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:
15 min. 1H Weekly

Additional analysis

Quotes

The ASTRONICS CORP. price is 27.04 USD. The price is lower by -1.71% since the last closing and was between 26.89 USD and 27.27 USD. This implies that the price is at +0.56% from its lowest and at -0.84% from its highest.

26.89
27.27
27.04

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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



Abnormal volumes on ASTRONICS CORP. were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


Technical analysis of this Daily chart of ASTRONICS CORP. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : Daily


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 7.02 25.08 27.04 28.48 31.43 33.81
Change (%) -74.04% -7.25% - +5.33% +16.24% +25.04%
Change -20.02 -1.96 - +1.44 +4.39 +6.77
Level Minor 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
Standard26.7027.0627.7228.0828.7429.1029.76
Camarilla28.0928.1828.2828.3728.4628.5628.65
Woodie26.8427.1427.8628.1628.8829.1829.90
Fibonacci27.0627.4527.6928.0828.4728.7129.10


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard31.7333.4934.5236.2837.3239.0840.11
Camarilla34.7935.0535.3035.5635.8236.0736.33
Woodie31.3733.3134.1636.1036.9638.9039.75
Fibonacci33.4934.5535.2136.2837.3538.0139.08


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard29.6533.1835.0138.5540.3843.9145.74
Camarilla35.3735.8636.3536.8437.3337.8238.32
Woodie28.7932.7534.1638.1239.5243.4844.89
Fibonacci33.1835.2336.5038.5540.5941.8643.91

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): 18.46
MACD (12,26,9): -2.9900
Directional Movement: -38.68
AROON (14): -57.14
DEMA (21): 30.48
Parabolic SAR (0,02-0,02-0,2): 31.62
Elder Ray (13): -4.37
Super Trend (3,10): 32.46
Zig ZAG (10): 27.51
VORTEX (21): 0.7100
Stochastique (14,3,5): 10.19
TEMA (21): 28.28
Williams %R (14): -92.45
Chande Momentum Oscillator (20): -10.75
Repulse (5,40,3): -6.3600
ROCnROLL: 2
TRIX (15,9): -0.7200
Courbe Coppock: 42.45
MA7: 30.06
MA20: 35.17
MA50: 38.55
MA100: 36.90
MAexp7: 29.90
MAexp20: 33.92
MAexp50: 36.57
MAexp100: 36.70
Price / MA7: -10.05%
Price / MA20: -23.12%
Price / MA50: -29.86%
Price / MA100: -26.72%
Price / MAexp7: -9.57%
Price / MAexp20: -20.28%
Price / MAexp50: -26.06%
Price / MAexp100: -26.32%

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15272
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

Comments

0 comments on the analysis ASTRONICS CORP. - Daily