EVOLUS INC. - Daily - Technical analysis published on 09/10/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 16.31 USD
My targets
14.34 USD (-6.46%)
11.98 USD (-21.85%)
My analysis
EVOLUS INC. 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 16.31 USD. The next support located at 14.34 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 11.98 USD. Below this support, sellers could then target 10.57 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:
Additional analysis
Quotes
The EVOLUS INC. rating is 15.33 USD. The price is lower by -1.10% since the last closing and was between 15.04 USD and 15.67 USD. This implies that the price is at +1.93% from its lowest and at -2.17% from its highest.15.04
15.67
15.33
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EVOLUS INC. in Daily shows a overall strongly bearish trend. 85.71% 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 is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.57 | 11.98 | 14.34 | 15.33 | 16.31 | 19.79 | 26.54 |
| Change (%) | -31.05% | -21.85% | -6.46% | - | +6.39% | +29.09% | +73.12% |
| Change | -4.76 | -3.35 | -0.99 | - | +0.98 | +4.46 | +11.21 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 14.18 | 14.84 | 15.17 | 15.83 | 16.16 | 16.82 | 17.15 |
| Camarilla | 15.23 | 15.32 | 15.41 | 15.50 | 15.59 | 15.68 | 15.77 |
| Woodie | 14.02 | 14.76 | 15.01 | 15.75 | 16.00 | 16.74 | 16.99 |
| Fibonacci | 14.84 | 15.22 | 15.45 | 15.83 | 16.21 | 16.44 | 16.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.10 | 14.30 | 14.90 | 16.10 | 16.70 | 17.90 | 18.50 |
| Camarilla | 15.01 | 15.17 | 15.34 | 15.50 | 15.67 | 15.83 | 16.00 |
| Woodie | 12.80 | 14.15 | 14.60 | 15.95 | 16.40 | 17.75 | 18.20 |
| Fibonacci | 14.30 | 14.99 | 15.41 | 16.10 | 16.79 | 17.21 | 17.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.16 | 12.08 | 14.66 | 16.58 | 19.16 | 21.08 | 23.66 |
| Camarilla | 16.00 | 16.42 | 16.83 | 17.24 | 17.65 | 18.07 | 18.48 |
| Woodie | 10.49 | 12.25 | 14.99 | 16.75 | 19.49 | 21.25 | 23.99 |
| Fibonacci | 12.08 | 13.80 | 14.86 | 16.58 | 18.30 | 19.36 | 21.08 |
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): | 46.72 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -0.53 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 15.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.66 | |
| Elder Ray (13): | -0.31 | |
| Super Trend (3,10): | 17.87 | |
| Zig ZAG (10): | 15.33 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 45.26 | |
| TEMA (21): | 15.46 | |
| Williams %R (14): | -63.19 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | -9.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 6.30 |
| MA7: | 15.95 | |
| MA20: | 15.43 | |
| MA50: | 16.18 | |
| MA100: | 17.48 | |
| MAexp7: | 15.64 | |
| MAexp20: | 15.74 | |
| MAexp50: | 16.20 | |
| MAexp100: | 17.20 | |
| Price / MA7: | -3.89% | |
| Price / MA20: | -0.65% | |
| Price / MA50: | -5.25% | |
| Price / MA100: | -12.30% | |
| Price / MAexp7: | -1.98% | |
| Price / MAexp20: | -2.60% | |
| Price / MAexp50: | -5.37% | |
| Price / MAexp100: | -10.87% |
News
Don"t forget to follow the news on EVOLUS INC.. At the time of publication of this analysis, the latest news was as follows:
- Evolus Announces Successful Completion of the Jeuveau® Experience Treatment (J.E.T) Program
- Evolus to Participate in Two Upcoming Investor Conferences
- Evolus Reports Second Quarter 2019 Financial Results
- Evolus to Report Second Quarter 2019 Financial Results and Provide a Business Update on Monday, August 12, 2019
- Evolus Expands Board of Directors with Appointment of Independent Directors Peter Farrell, Ph.D. and Karah Parschauer, J.D.
This member declared not having a position on this financial instrument or a related financial instrument.
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