GRANITE REAL ESTATE INC. UNITS - Daily - Technical analysis published on 06/25/2019 (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
89%
0%
11%
My opinion
Bullish above 47.22 USD
My targets
48.44 USD (+2.54%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GRANITE REAL ESTATE as long as the price remains well above 47.22 USD. The buyers” bullish objective is set at 48.44 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
GRANITE REAL ESTATE rating 47.24 USD. The price registered an increase of +0.64% on the session and was between 47.22 USD and 47.24 USD. This implies that the price is at +0.04% from its lowest and at 0% from its highest.47.22
47.24
47.24
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GRANITE REAL ESTATE:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GRANITE REAL ESTATE indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 42.55 | 46.29 | 47.22 | 47.24 | 48.44 |
| Change (%) | -9.93% | -2.01% | -0.04% | - | +2.54% |
| Change | -4.69 | -0.95 | -0.02 | - | +1.20 |
| Level | Minor | Major | Intermediate | - | Major |
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 | 46.40 | 46.57 | 46.74 | 46.91 | 47.08 | 47.25 | 47.42 |
| Camarilla | 46.81 | 46.84 | 46.87 | 46.90 | 46.93 | 46.96 | 46.99 |
| Woodie | 46.39 | 46.57 | 46.73 | 46.91 | 47.07 | 47.25 | 47.41 |
| Fibonacci | 46.57 | 46.70 | 46.78 | 46.91 | 47.04 | 47.12 | 47.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.64 | 44.45 | 45.68 | 46.49 | 47.72 | 48.53 | 49.76 |
| Camarilla | 46.34 | 46.53 | 46.71 | 46.90 | 47.09 | 47.27 | 47.46 |
| Woodie | 43.84 | 44.56 | 45.88 | 46.60 | 47.92 | 48.63 | 49.96 |
| Fibonacci | 44.45 | 45.23 | 45.71 | 46.49 | 47.27 | 47.75 | 48.53 |
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): | 64.11 | |
| MACD (12,26,9): | 0.3600 | |
| Directional Movement: | 15.12 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 46.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.55 | |
| Elder Ray (13): | 0.88 | |
| Super Trend (3,10): | 45.45 | |
| Zig ZAG (10): | 47.24 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 83.79 | |
| TEMA (21): | 46.68 | |
| Williams %R (14): | -14.98 | |
| Chande Momentum Oscillator (20): | 1.38 | |
| Repulse (5,40,3): | 0.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 5.44 |
| MA7: | 46.31 | |
| MA20: | 45.80 | |
| MA50: | 45.68 | |
| MA100: | 46.04 | |
| MAexp7: | 46.51 | |
| MAexp20: | 46.13 | |
| MAexp50: | 45.86 | |
| MAexp100: | 45.25 | |
| Price / MA7: | +2.01% | |
| Price / MA20: | +3.14% | |
| Price / MA50: | +3.42% | |
| Price / MA100: | +2.61% | |
| Price / MAexp7: | +1.57% | |
| Price / MAexp20: | +2.41% | |
| Price / MAexp50: | +3.01% | |
| Price / MAexp100: | +4.40% |
News
The last news published on GRANITE REAL ESTATE at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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