TIDEWATER INC. - Daily - Technical analysis published on 02/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 16.84 USD
My targets
15.17 USD (-4.11%)
13.94 USD (-11.88%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TIDEWATER INC. as long as the price remains well below 16.84 USD. The sellers” bearish objective is set at 15.17 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.94 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.3
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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
TIDEWATER INC. rating 15.82 USD. The price registered a decrease of -3.42% on the session and was traded between 15.62 USD and 16.35 USD over the period. The price is currently at +1.28% from its lowest and -3.24% from its highest.15.62
16.35
15.82
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TIDEWATER INC.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TIDEWATER INC. in Daily shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 13.94 | 15.17 | 15.82 | 16.01 | 18.94 | 21.34 |
| Change (%) | -11.88% | -4.11% | - | +1.20% | +19.72% | +34.89% |
| Change | -1.88 | -0.65 | - | +0.19 | +3.12 | +5.52 |
| Level | Major | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.16 | 15.67 | 16.03 | 16.54 | 16.90 | 17.41 | 17.77 |
| Camarilla | 16.14 | 16.22 | 16.30 | 16.38 | 16.46 | 16.54 | 16.62 |
| Woodie | 15.08 | 15.63 | 15.95 | 16.50 | 16.82 | 17.37 | 17.69 |
| Fibonacci | 15.67 | 16.01 | 16.21 | 16.54 | 16.88 | 17.08 | 17.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.53 | 14.97 | 15.58 | 16.03 | 16.64 | 17.08 | 17.69 |
| Camarilla | 15.90 | 16.00 | 16.09 | 16.19 | 16.29 | 16.38 | 16.48 |
| Woodie | 14.61 | 15.01 | 15.66 | 16.07 | 16.72 | 17.12 | 17.77 |
| Fibonacci | 14.97 | 15.37 | 15.62 | 16.03 | 16.43 | 16.68 | 17.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.15 | 11.60 | 13.39 | 16.84 | 18.63 | 22.08 | 23.87 |
| Camarilla | 13.74 | 14.22 | 14.70 | 15.18 | 15.66 | 16.14 | 16.62 |
| Woodie | 7.32 | 11.19 | 12.56 | 16.43 | 17.80 | 21.67 | 23.04 |
| Fibonacci | 11.60 | 13.60 | 14.84 | 16.84 | 18.84 | 20.08 | 22.08 |
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): | 41.95 | |
| MACD (12,26,9): | -0.2300 | |
| Directional Movement: | -2.84 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 15.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.06 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 16.86 | |
| Zig ZAG (10): | 15.82 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 63.64 | |
| TEMA (21): | 15.81 | |
| Williams %R (14): | -59.62 | |
| Chande Momentum Oscillator (20): | 0.15 | |
| Repulse (5,40,3): | -3.8100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3200 | |
| Courbe Coppock: | 3.69 |
| MA7: | 16.12 | |
| MA20: | 15.93 | |
| MA50: | 17.17 | |
| MA100: | 16.24 | |
| MAexp7: | 16.07 | |
| MAexp20: | 16.20 | |
| MAexp50: | 16.52 | |
| MAexp100: | 16.88 | |
| Price / MA7: | -1.86% | |
| Price / MA20: | -0.69% | |
| Price / MA50: | -7.86% | |
| Price / MA100: | -2.59% | |
| Price / MAexp7: | -1.56% | |
| Price / MAexp20: | -2.35% | |
| Price / MAexp50: | -4.24% | |
| Price / MAexp100: | -6.28% |
News
The latest news and videos published on TIDEWATER INC. at the time of the analysis were as follows:
- Tidewater Announces Intent to List Series A and Series B Warrants on NYSE
- Tidewater to Present at the Johnson Rice 2017 Energy Conference
- Tidewater Reports First Quarter Results For Fiscal 2018
- Tidewater Successfully Completes Financial Restructuring And Emerges From Chapter 11 Bankruptcy
- Tidewater Announces Continued Listing Of New Shares Of Common Stock And Trading Under Ticker "TDW" And Authorization Of New Listing Of Series A And Series B Warrants Following Emergence From Chapter 11 Reorganization
This member declared not having a position on this financial instrument or a related financial instrument.
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