AUTONATION INC. - Daily - Technical analysis published on 12/16/2019 (GMT)
- 325
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 51.01 USD
My targets
48.95 USD (-1.92%)
45.57 USD (-8.70%)
My analysis
The strong short-term decline in AUTONATION INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 51.01 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 48.95 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 45.57 USD as an objective. Crossing it would then enable sellers to target 41.23 USD. Be careful, a return to above 51.01 USD could jeopardize the reversal.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
1.4
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 AUTONATION INC. price is 49.91 USD. On the day, this instrument lost -4.62% with the lowest point at 49.81 USD and the highest point at 52.33 USD. The deviation from the price is +0.20% for the low point and -4.62% for the high point.49.81
52.33
49.91
Here is a more detailed summary of the historical variations registered by AUTONATION INC.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUTONATION INC. in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 41.23 | 45.57 | 48.95 | 49.91 | 51.01 | 53.85 | 56.25 |
| Change (%) | -17.39% | -8.70% | -1.92% | - | +2.20% | +7.89% | +12.70% |
| Change | -8.68 | -4.34 | -0.96 | - | +1.10 | +3.94 | +6.34 |
| Level | Major | Intermediate | Major | - | Major | 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 | 50.39 | 50.84 | 51.58 | 52.03 | 52.77 | 53.22 | 53.96 |
| Camarilla | 52.00 | 52.11 | 52.22 | 52.33 | 52.44 | 52.55 | 52.66 |
| Woodie | 50.55 | 50.91 | 51.74 | 52.10 | 52.93 | 53.29 | 54.12 |
| Fibonacci | 50.84 | 51.29 | 51.57 | 52.03 | 52.48 | 52.76 | 53.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.01 | 48.82 | 49.98 | 50.79 | 51.95 | 52.76 | 53.92 |
| Camarilla | 50.61 | 50.79 | 50.97 | 51.15 | 51.33 | 51.51 | 51.69 |
| Woodie | 48.20 | 48.91 | 50.17 | 50.88 | 52.14 | 52.85 | 54.11 |
| Fibonacci | 48.82 | 49.57 | 50.03 | 50.79 | 51.54 | 52.00 | 52.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.19 | 49.61 | 50.35 | 51.77 | 52.51 | 53.93 | 54.67 |
| Camarilla | 50.50 | 50.69 | 50.89 | 51.09 | 51.29 | 51.49 | 51.68 |
| Woodie | 47.85 | 49.44 | 50.01 | 51.60 | 52.17 | 53.76 | 54.33 |
| Fibonacci | 49.61 | 50.44 | 50.95 | 51.77 | 52.60 | 53.11 | 53.93 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.75 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -6.93 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 51.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 49.78 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 52.61 | |
| Zig ZAG (10): | 49.91 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 65.02 | |
| TEMA (21): | 50.85 | |
| Williams %R (14): | -89.82 | |
| Chande Momentum Oscillator (20): | -2.09 | |
| Repulse (5,40,3): | -3.6900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.69 |
| MA7: | 51.09 | |
| MA20: | 51.41 | |
| MA50: | 50.89 | |
| MA100: | 49.85 | |
| MAexp7: | 51.07 | |
| MAexp20: | 51.23 | |
| MAexp50: | 50.80 | |
| MAexp100: | 49.11 | |
| Price / MA7: | -2.31% | |
| Price / MA20: | -2.92% | |
| Price / MA50: | -1.93% | |
| Price / MA100: | +0.12% | |
| Price / MAexp7: | -2.27% | |
| Price / MAexp20: | -2.58% | |
| Price / MAexp50: | -1.75% | |
| Price / MAexp100: | +1.63% |
News
The latest news and videos published on AUTONATION INC. at the time of the analysis were as follows:
- AutoNation Names Joseph Lower, Executive Vice President and Chief Financial Officer
- AutoNation Reports Third Quarter 2019 Results
- AutoNation Celebrates Waymo Riders in Arizona
- AutoNation Announces Third Quarter 2019 Earnings Conference Call and Audio Webcast Scheduled for Tuesday, October 29, 2019
- AutoNation Has 10 Dealerships Recognized on Automotive News' Best Dealerships to Work For 2019 Top 100 List
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis AUTONATION INC. - Daily