WEYERHAEUSER COMPANY - Daily - Technical analysis published on 10/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 26.81 USD
My targets
27.38 USD (+1.37%)
27.90 USD (+3.30%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 26.81 USD remains possible. It is advisable to trade WEYERHAEUSER COMPANY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 26.81 USD. The next bullish objective for buyers is set at 27.38 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 27.90 USD. If there is any crossing, the next objective would be the resistance located at 28.64 USD. PS: if there is a bearish break in the support located at 26.81 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
0
10
2.5
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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 WEYERHAEUSER COMPANY price is 27.01 USD. On the day, this instrument lost -0.04% and was between 26.78 USD and 27.16 USD. This implies that the price is at +0.86% from its lowest and at -0.55% from its highest.26.78
27.16
27.01
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this WEYERHAEUSER COMPANY chart shows a bullish trend. The signals given by moving averages are 75% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.36 | 25.34 | 26.81 | 27.01 | 27.38 | 27.90 | 28.64 |
| Change (%) | -9.81% | -6.18% | -0.74% | - | +1.37% | +3.30% | +6.03% |
| Change | -2.65 | -1.67 | -0.20 | - | +0.37 | +0.89 | +1.63 |
| Level | Major | Minor | Major | - | Major | Intermediate | Minor |
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 | 26.54 | 26.67 | 26.85 | 26.98 | 27.15 | 27.28 | 27.46 |
| Camarilla | 26.94 | 26.96 | 26.99 | 27.02 | 27.05 | 27.08 | 27.10 |
| Woodie | 26.56 | 26.68 | 26.87 | 26.99 | 27.17 | 27.29 | 27.48 |
| Fibonacci | 26.67 | 26.79 | 26.86 | 26.98 | 27.10 | 27.17 | 27.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.62 | 25.49 | 26.25 | 27.12 | 27.89 | 28.75 | 29.52 |
| Camarilla | 26.57 | 26.72 | 26.87 | 27.02 | 27.17 | 27.32 | 27.47 |
| Woodie | 24.57 | 25.46 | 26.20 | 27.09 | 27.84 | 28.73 | 29.47 |
| Fibonacci | 25.49 | 26.11 | 26.49 | 27.12 | 27.74 | 28.13 | 28.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.68 | 24.69 | 26.20 | 27.20 | 28.71 | 29.72 | 31.22 |
| Camarilla | 27.01 | 27.24 | 27.47 | 27.70 | 27.93 | 28.16 | 28.39 |
| Woodie | 23.93 | 24.81 | 26.44 | 27.33 | 28.96 | 29.84 | 31.47 |
| Fibonacci | 24.69 | 25.65 | 26.24 | 27.20 | 28.16 | 28.76 | 29.72 |
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): | 50.34 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | -3.00 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 27.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.90 | |
| Elder Ray (13): | -0.28 | |
| Super Trend (3,10): | 26.49 | |
| Zig ZAG (10): | 27.01 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 37.32 | |
| TEMA (21): | 27.37 | |
| Williams %R (14): | -61.52 | |
| Chande Momentum Oscillator (20): | -0.78 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 2.86 |
| MA7: | 27.21 | |
| MA20: | 27.53 | |
| MA50: | 26.10 | |
| MA100: | 25.32 | |
| MAexp7: | 27.16 | |
| MAexp20: | 27.16 | |
| MAexp50: | 26.48 | |
| MAexp100: | 25.90 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | -1.89% | |
| Price / MA50: | +3.49% | |
| Price / MA100: | +6.67% | |
| Price / MAexp7: | -0.55% | |
| Price / MAexp20: | -0.55% | |
| Price / MAexp50: | +2.00% | |
| Price / MAexp100: | +4.29% |
News
The last news published on WEYERHAEUSER COMPANY at the time of the generation of this analysis was as follows:
- Weyerhaeuser to Release Third Quarter Results on October 25
- Weyerhaeuser to sell Michigan timberlands
- Hagen to represent Weyerhaeuser at Raymond James 15th Annual North American Equities Conference
- Weyerhaeuser Company declares dividend on common shares
- Weyerhaeuser reports second quarter results
This member declared not having a position on this financial instrument or a related financial instrument.
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