SCOTTS MIRACLE-GRO CO. - Daily - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 104.24 USD
My targets
97.03 USD (-3.87%)
94.24 USD (-6.64%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SCOTTS MIRACLE-GRO CO. as long as the price remains well below 104.24 USD. The sellers” bearish objective is set at 97.03 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 94.24 USD. In case of crossing, the next objective would be the support located at 86.85 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.8
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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 SCOTTS MIRACLE-GRO CO. price is 100.94 USD. On the day, this instrument lost -0.01% and was traded between 100.29 USD and 101.43 USD over the period. The price is currently at +0.65% from its lowest and -0.48% from its highest.100.29
101.43
100.94
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SCOTTS MIRACLE-GRO CO. in Daily shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 94.24 | 97.03 | 100.03 | 100.94 | 104.24 | 109.47 | 112.33 |
| Change (%) | -6.64% | -3.87% | -0.90% | - | +3.27% | +8.45% | +11.28% |
| Change | -6.70 | -3.91 | -0.91 | - | +3.30 | +8.53 | +11.39 |
| Level | Intermediate | Major | Major | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.59 | 99.70 | 100.33 | 101.43 | 102.06 | 103.17 | 103.79 |
| Camarilla | 100.47 | 100.63 | 100.79 | 100.95 | 101.11 | 101.27 | 101.43 |
| Woodie | 98.35 | 99.58 | 100.08 | 101.31 | 101.82 | 103.04 | 103.55 |
| Fibonacci | 99.70 | 100.36 | 100.77 | 101.43 | 102.09 | 102.50 | 103.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.23 | 97.87 | 100.10 | 101.73 | 103.96 | 105.60 | 107.83 |
| Camarilla | 101.27 | 101.62 | 101.98 | 102.33 | 102.68 | 103.04 | 103.39 |
| Woodie | 96.53 | 98.02 | 100.40 | 101.88 | 104.26 | 105.75 | 108.13 |
| Fibonacci | 97.87 | 99.34 | 100.26 | 101.73 | 103.21 | 104.12 | 105.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.41 | 90.08 | 95.52 | 101.18 | 106.62 | 112.29 | 117.73 |
| Camarilla | 97.91 | 98.92 | 99.94 | 100.96 | 101.98 | 103.00 | 104.01 |
| Woodie | 84.30 | 90.02 | 95.41 | 101.13 | 106.51 | 112.23 | 117.62 |
| Fibonacci | 90.08 | 94.32 | 96.94 | 101.18 | 105.43 | 108.05 | 112.29 |
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): | 48.15 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -4.95 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 101.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 99.58 | |
| Elder Ray (13): | -0.55 | |
| Super Trend (3,10): | 98.44 | |
| Zig ZAG (10): | 100.94 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 35.79 | |
| TEMA (21): | 101.26 | |
| Williams %R (14): | -66.84 | |
| Chande Momentum Oscillator (20): | -2.52 | |
| Repulse (5,40,3): | -0.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 4.14 |
| MA7: | 101.20 | |
| MA20: | 102.22 | |
| MA50: | 101.16 | |
| MA100: | 103.03 | |
| MAexp7: | 101.24 | |
| MAexp20: | 101.49 | |
| MAexp50: | 101.53 | |
| MAexp100: | 100.27 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -1.25% | |
| Price / MA50: | -0.22% | |
| Price / MA100: | -2.03% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | +0.67% |
News
Don"t forget to follow the news on SCOTTS MIRACLE-GRO CO.. At the time of publication of this analysis, the latest news was as follows:
- Scotts Miracle-Gro Company Class A to Host Earnings Call
- Scotts Miracle-Gro Company Class A to Host Earnings Call
-
Scotts Miracle-Gro
- ScottsMiracle-Gro Reports Strong First Quarter Results; Company-wide Sales Increase 27% Due to Acquisitions, Strong U.S. Demand
- The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment
This member declared not having a position on this financial instrument or a related financial instrument.
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