TECHTARGET INC. - Daily - Technical analysis published on 09/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 21.58 USD
My targets
24.22 USD (+2.76%)
33.65 USD (+42.77%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TECHTARGET INC. as long as the price remains well above 21.58 USD. The buyers” bullish objective is set at 24.22 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 33.65 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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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 TECHTARGET INC. price is 23.57 USD. On the day, this instrument gained +1.81% with the lowest point at 23.35 USD and the highest point at 23.83 USD. The deviation from the price is +0.94% for the low point and -1.09% for the high point.23.35
23.83
23.57
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in Daily of this TECHTARGET INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any 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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 17.00 | 18.23 | 21.58 | 23.57 | 24.22 | 33.65 |
| Change (%) | -27.87% | -22.66% | -8.44% | - | +2.76% | +42.77% |
| Change | -6.57 | -5.34 | -1.99 | - | +0.65 | +10.08 |
| Level | Intermediate | Major | Major | - | Major | 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 | 22.75 | 23.13 | 23.44 | 23.82 | 24.13 | 24.51 | 24.82 |
| Camarilla | 23.55 | 23.61 | 23.68 | 23.74 | 23.80 | 23.87 | 23.93 |
| Woodie | 22.71 | 23.11 | 23.40 | 23.80 | 24.09 | 24.49 | 24.78 |
| Fibonacci | 23.13 | 23.40 | 23.56 | 23.82 | 24.09 | 24.25 | 24.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.83 | 22.44 | 23.09 | 23.70 | 24.35 | 24.96 | 25.61 |
| Camarilla | 23.39 | 23.51 | 23.62 | 23.74 | 23.86 | 23.97 | 24.09 |
| Woodie | 21.85 | 22.45 | 23.11 | 23.71 | 24.37 | 24.97 | 25.63 |
| Fibonacci | 22.44 | 22.92 | 23.22 | 23.70 | 24.18 | 24.48 | 24.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.56 | 19.17 | 21.46 | 23.07 | 25.35 | 26.96 | 29.25 |
| Camarilla | 22.67 | 23.03 | 23.38 | 23.74 | 24.10 | 24.45 | 24.81 |
| Woodie | 17.90 | 19.34 | 21.79 | 23.23 | 25.69 | 27.13 | 29.58 |
| Fibonacci | 19.17 | 20.66 | 21.58 | 23.07 | 24.55 | 25.47 | 26.96 |
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): | 50.00 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | -3.81 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 23.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.36 | |
| Elder Ray (13): | -0.28 | |
| Super Trend (3,10): | 21.54 | |
| Zig ZAG (10): | 23.15 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 62.59 | |
| TEMA (21): | 23.79 | |
| Williams %R (14): | -53.23 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | -2.8000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 5.96 |
| MA7: | 23.57 | |
| MA20: | 23.38 | |
| MA50: | 22.34 | |
| MA100: | 20.58 | |
| MAexp7: | 23.58 | |
| MAexp20: | 23.36 | |
| MAexp50: | 22.39 | |
| MAexp100: | 20.98 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | +5.51% | |
| Price / MA100: | +14.53% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.90% | |
| Price / MAexp50: | +5.27% | |
| Price / MAexp100: | +12.35% |
News
The latest news and videos published on TECHTARGET INC. at the time of the analysis were as follows:
- TechTarget’s SearchServerVirtualization.com Announces “Best of VMworld” 2019 Award Winners
- TechTarget Reports Fourth Quarter and Full Year 2018 Conference Call and Webcast
- Flagstar Bancorp and TechTarget Set to Join S&P SmallCap 600
- Analysis: Positioning to Benefit within HudBay Minerals, IRHYTHM TECH, TechTarget, Mercury, Merus N.V, and Tecnoglass — Research Highlights Growth, Revenue, and Consolidated Results
- INFINIDAT InfiniBox 3.0 Awarded Bronze for Product of the Year in Storage Arrays Category by Editors of TechTarget’s Storage Media Group
This member declared not having a position on this financial instrument or a related financial instrument.
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