TOWER SEMICONDUCTOR - Daily - Technical analysis published on 08/07/2019 (GMT)
- 358
- 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 bullish
De fond:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 18.75 USD
My targets
20.26 USD (+6.35%)
23.48 USD (+23.25%)
My analysis
The bullish trend is currently very strong on TOWER SEMICONDUCTOR. As long as the price remains above the support at 18.75 USD, you could try to benefit from the boom. The first bullish objective is located at 20.26 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 23.48 USD as an objective. Crossing it would then enable buyers to target 27.29 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
TOWER SEMICONDUCTOR rating 19.05 USD. The price registered a decrease of -1.50% on the session and was between 18.74 USD and 19.20 USD. This implies that the price is at +1.65% from its lowest and at -0.78% from its highest.18.74
19.20
19.05
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of TOWER SEMICONDUCTOR indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.60 | 16.36 | 18.75 | 19.05 | 20.26 | 23.48 | 27.29 |
| Change (%) | -23.36% | -14.12% | -1.57% | - | +6.35% | +23.25% | +43.25% |
| Change | -4.45 | -2.69 | -0.30 | - | +1.21 | +4.43 | +8.24 |
| Level | Minor | Major | Major | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.51 | 18.75 | 19.05 | 19.29 | 19.59 | 19.83 | 20.13 |
| Camarilla | 19.19 | 19.24 | 19.29 | 19.34 | 19.39 | 19.44 | 19.49 |
| Woodie | 18.53 | 18.77 | 19.07 | 19.31 | 19.61 | 19.85 | 20.15 |
| Fibonacci | 18.75 | 18.96 | 19.09 | 19.29 | 19.50 | 19.63 | 19.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.86 | 17.97 | 18.88 | 19.99 | 20.89 | 22.00 | 22.91 |
| Camarilla | 19.23 | 19.41 | 19.60 | 19.78 | 19.97 | 20.15 | 20.33 |
| Woodie | 16.76 | 17.92 | 18.77 | 19.93 | 20.79 | 21.95 | 22.80 |
| Fibonacci | 17.97 | 18.74 | 19.22 | 19.99 | 20.76 | 21.23 | 22.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.31 | 14.10 | 16.88 | 18.67 | 21.45 | 23.24 | 26.02 |
| Camarilla | 18.41 | 18.83 | 19.25 | 19.67 | 20.09 | 20.51 | 20.93 |
| Woodie | 12.82 | 14.35 | 17.39 | 18.92 | 21.96 | 23.49 | 26.53 |
| Fibonacci | 14.10 | 15.84 | 16.92 | 18.67 | 20.41 | 21.49 | 23.24 |
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): | 59.04 | |
| MACD (12,26,9): | 0.8400 | |
| Directional Movement: | 17.80 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 19.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.99 | |
| Elder Ray (13): | 0.21 | |
| Super Trend (3,10): | 17.85 | |
| Zig ZAG (10): | 18.98 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 55.84 | |
| TEMA (21): | 19.83 | |
| Williams %R (14): | -44.40 | |
| Chande Momentum Oscillator (20): | 2.36 | |
| Repulse (5,40,3): | -1.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7100 | |
| Courbe Coppock: | 32.67 |
| MA7: | 19.40 | |
| MA20: | 18.07 | |
| MA50: | 16.56 | |
| MA100: | 16.95 | |
| MAexp7: | 19.14 | |
| MAexp20: | 18.31 | |
| MAexp50: | 17.34 | |
| MAexp100: | 17.00 | |
| Price / MA7: | -1.80% | |
| Price / MA20: | +5.42% | |
| Price / MA50: | +15.04% | |
| Price / MA100: | +12.39% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | +4.04% | |
| Price / MAexp50: | +9.86% | |
| Price / MAexp100: | +12.06% |
News
The last news published on TOWER SEMICONDUCTOR at the time of the generation of this analysis was as follows:
- TowerJazz Announces its Annual Technical Global Symposium to be held in China, Japan and the US
- TowerJazz, Cadence and Lumerical Deliver Silicon-Photonics and SiGe- Integrated PDK with a Complete Optical Transceiver Design Environment
- TowerJazz and Lumotive Demonstrate True Solid-State Beam Steering for Automotive LiDAR Systems
- TowerJazz Expands its Leading-Edge High Voltage Low RDSON Power Platform
- Vishay Siliconix and TowerJazz Expand Manufacturing Collaboration with Next-generation Automotive Platforms
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 TOWER SEMICONDUCTOR - Daily