A.O. SMITH CORP. - Daily - Technical analysis published on 11/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 51.41 USD
My targets
53.34 USD (+2.79%)
55.22 USD (+6.42%)
My analysis
A.O. SMITH CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 51.41 USD. The next resistance located at 53.34 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 55.22 USD. After this resistance, buyers could then target 56.49 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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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 A.O. SMITH CORP. price is 51.89 USD. The price has increased by +2.03% since the last closing with the lowest point at 50.94 USD and the highest point at 51.94 USD. The deviation from the price is +1.86% for the low point and -0.10% for the high point.50.94
51.94
51.89
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
Technical
Technical analysis of this Daily chart of A.O. SMITH CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 45.00 | 47.14 | 51.41 | 51.89 | 53.34 | 55.22 | 56.49 |
| Change (%) | -13.28% | -9.15% | -0.93% | - | +2.79% | +6.42% | +8.86% |
| Change | -6.89 | -4.75 | -0.48 | - | +1.45 | +3.33 | +4.60 |
| Level | Major | Minor | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.21 | 49.51 | 49.90 | 50.20 | 50.59 | 50.89 | 51.28 |
| Camarilla | 50.09 | 50.15 | 50.22 | 50.28 | 50.34 | 50.41 | 50.47 |
| Woodie | 49.25 | 49.53 | 49.94 | 50.22 | 50.63 | 50.91 | 51.32 |
| Fibonacci | 49.51 | 49.78 | 49.94 | 50.20 | 50.47 | 50.63 | 50.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.45 | 46.84 | 48.43 | 49.83 | 51.42 | 52.81 | 54.40 |
| Camarilla | 49.20 | 49.48 | 49.75 | 50.03 | 50.30 | 50.57 | 50.85 |
| Woodie | 45.55 | 46.89 | 48.53 | 49.88 | 51.52 | 52.86 | 54.50 |
| Fibonacci | 46.84 | 47.98 | 48.69 | 49.83 | 50.97 | 51.67 | 52.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.24 | 40.56 | 45.12 | 48.44 | 53.00 | 56.32 | 60.88 |
| Camarilla | 47.51 | 48.24 | 48.96 | 49.68 | 50.40 | 51.13 | 51.85 |
| Woodie | 37.86 | 40.87 | 45.74 | 48.75 | 53.62 | 56.63 | 61.50 |
| Fibonacci | 40.56 | 43.57 | 45.43 | 48.44 | 51.45 | 53.31 | 56.32 |
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): | 63.56 | |
| MACD (12,26,9): | 0.9600 | |
| Directional Movement: | 13.51 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 50.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 48.48 | |
| Elder Ray (13): | 1.35 | |
| Super Trend (3,10): | 47.66 | |
| Zig ZAG (10): | 51.89 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 73.73 | |
| TEMA (21): | 51.21 | |
| Williams %R (14): | -1.28 | |
| Chande Momentum Oscillator (20): | 2.12 | |
| Repulse (5,40,3): | 3.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 13.18 |
| MA7: | 50.44 | |
| MA20: | 49.28 | |
| MA50: | 48.02 | |
| MA100: | 46.51 | |
| MAexp7: | 50.56 | |
| MAexp20: | 49.57 | |
| MAexp50: | 48.24 | |
| MAexp100: | 47.51 | |
| Price / MA7: | +2.87% | |
| Price / MA20: | +5.30% | |
| Price / MA50: | +8.06% | |
| Price / MA100: | +11.57% | |
| Price / MAexp7: | +2.63% | |
| Price / MAexp20: | +4.68% | |
| Price / MAexp50: | +7.57% | |
| Price / MAexp100: | +9.22% |
News
The last news published on A.O. SMITH CORP. at the time of the generation of this analysis was as follows:
- A. O. Smith reports third quarter earnings of $0.53 per share
- A. O. Smith increases quarterly dividend rate to $.24 per share
- A. O. Smith to Hold Third Quarter Conference Call on October 29
- Hagens Berman Alerts A.O. Smith (AOS) Investors to New Securities Fraud Class Action, Investors Who Suffered $200,000+ Losses Should Contact the Firm
- A. O. Smith reports second quarter earnings of $0.61 per share
This member declared not having a position on this financial instrument or a related financial instrument.
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