SALVATORE FERRAGAMO - Daily - Technical analysis published on 09/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 17.158 EUR
My targets
16.562 EUR (-2.81%)
15.753 EUR (-7.55%)
My analysis
The bearish trend is currently very strong for SALVATORE FERRAGAMO. As long as the price remains below the resistance at 17.158 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 16.562 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15.753 EUR as an objective. Crossing it would then enable sellers to target 14.502 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.3
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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 SALVATORE FERRAGAMO price is 17.040 EUR. The price is lower by -0.99% since the last closing and was between 16.910 EUR and 17.285 EUR. This implies that the price is at +0.77% from its lowest and at -1.42% from its highest.16.910
17.285
17.040
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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
A technical analysis in Daily of this SALVATORE FERRAGAMO chart shows a sharp bearish trend. 92.86% 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
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 : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 17.040 | 17.158 | 18.017 | 18.763 |
| Change (%) | - | +0.69% | +5.73% | +10.11% |
| Change | - | +0.118 | +0.977 | +1.723 |
| Level | - | Major | Major | Intermediate |
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 | 16.287 | 16.478 | 16.762 | 16.953 | 17.237 | 17.428 | 17.712 |
| Camarilla | 16.914 | 16.958 | 17.002 | 17.045 | 17.089 | 17.132 | 17.176 |
| Woodie | 16.333 | 16.501 | 16.808 | 16.976 | 17.283 | 17.451 | 17.758 |
| Fibonacci | 16.478 | 16.660 | 16.772 | 16.953 | 17.135 | 17.247 | 17.428 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.367 | 17.663 | 18.057 | 18.353 | 18.747 | 19.043 | 19.437 |
| Camarilla | 18.260 | 18.324 | 18.387 | 18.450 | 18.513 | 18.577 | 18.640 |
| Woodie | 17.415 | 17.688 | 18.105 | 18.378 | 18.795 | 19.068 | 19.485 |
| Fibonacci | 17.663 | 17.927 | 18.090 | 18.353 | 18.617 | 18.780 | 19.043 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.502 | 15.753 | 16.562 | 17.813 | 18.622 | 19.873 | 20.682 |
| Camarilla | 16.804 | 16.992 | 17.181 | 17.370 | 17.559 | 17.748 | 17.937 |
| Woodie | 14.280 | 15.643 | 16.340 | 17.703 | 18.400 | 19.763 | 20.460 |
| Fibonacci | 15.753 | 16.540 | 17.026 | 17.813 | 18.600 | 19.086 | 19.873 |
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): | 34.02 | |
| MACD (12,26,9): | -0.3090 | |
| Directional Movement: | -21.521 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 17.333 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.257 | |
| Elder Ray (13): | -0.652 | |
| Super Trend (3,10): | 18.190 | |
| Zig ZAG (10): | 16.990 | |
| VORTEX (21): | 0.8770 | |
| Stochastique (14,3,5): | 13.42 | |
| TEMA (21): | 17.372 | |
| Williams %R (14): | -83.84 | |
| Chande Momentum Oscillator (20): | -1.130 | |
| Repulse (5,40,3): | -0.8730 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1770 | |
| Courbe Coppock: | 4.81 |
| MA7: | 17.409 | |
| MA20: | 17.794 | |
| MA50: | 18.496 | |
| MA100: | 19.446 | |
| MAexp7: | 17.369 | |
| MAexp20: | 17.737 | |
| MAexp50: | 18.366 | |
| MAexp100: | 18.894 | |
| Price / MA7: | -2.12% | |
| Price / MA20: | -4.24% | |
| Price / MA50: | -7.87% | |
| Price / MA100: | -12.37% | |
| Price / MAexp7: | -1.89% | |
| Price / MAexp20: | -3.93% | |
| Price / MAexp50: | -7.22% | |
| Price / MAexp100: | -9.81% |
News
The last news published on SALVATORE FERRAGAMO at the time of the generation of this analysis was as follows:
- Salvatore Ferragamo of Il Borro Wines to Host Admiral Travel Charter of Crystal Skye Boeing 777 Private Jet
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Salvatore Ferragamo
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Salvatore Ferragamo
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Salvatore Ferragamo
This member declared not having a position on this financial instrument or a related financial instrument.
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