WOLVERINE WORLD WIDE INC. - Daily - Technical analysis published on 11/29/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 32.15 USD
My targets
34.21 USD (+4.91%)
36.15 USD (+10.86%)
My analysis
The bullish trend is currently very strong on WOLVERINE WORLD WIDE INC.. As long as the price remains above the support at 32.15 USD, you could try to benefit from the boom. The first bullish objective is located at 34.21 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 36.15 USD as an objective. Crossing it would then enable buyers to target 37.50 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
5.9
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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 WOLVERINE WORLD WIDE INC. rating is 32.61 USD. The price registered a decrease of -0.03% on the session with the lowest point at 32.42 USD and the highest point at 32.98 USD. The deviation from the price is +0.59% for the low point and -1.12% for the high point.32.42
32.98
32.61
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this WOLVERINE WORLD WIDE INC. chart shows a strongly bullish trend. 92.86% 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. 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.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.06 | 30.69 | 32.15 | 32.61 | 34.21 | 36.15 | 37.50 |
| Change (%) | -13.95% | -5.89% | -1.41% | - | +4.91% | +10.86% | +15.00% |
| Change | -4.55 | -1.92 | -0.46 | - | +1.60 | +3.54 | +4.89 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | 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 | 31.91 | 32.11 | 32.37 | 32.57 | 32.83 | 33.03 | 33.29 |
| Camarilla | 32.49 | 32.54 | 32.58 | 32.62 | 32.66 | 32.70 | 32.75 |
| Woodie | 31.93 | 32.13 | 32.39 | 32.59 | 32.85 | 33.05 | 33.31 |
| Fibonacci | 32.11 | 32.29 | 32.40 | 32.57 | 32.75 | 32.86 | 33.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.90 | 31.00 | 31.73 | 32.83 | 33.56 | 34.66 | 35.39 |
| Camarilla | 31.97 | 32.14 | 32.30 | 32.47 | 32.64 | 32.81 | 32.97 |
| Woodie | 29.73 | 30.91 | 31.56 | 32.74 | 33.39 | 34.57 | 35.22 |
| Fibonacci | 31.00 | 31.70 | 32.13 | 32.83 | 33.53 | 33.96 | 34.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.39 | 24.85 | 27.27 | 28.73 | 31.15 | 32.61 | 35.03 |
| Camarilla | 28.61 | 28.97 | 29.32 | 29.68 | 30.04 | 30.39 | 30.75 |
| Woodie | 23.86 | 25.09 | 27.74 | 28.97 | 31.62 | 32.85 | 35.50 |
| Fibonacci | 24.85 | 26.34 | 27.25 | 28.73 | 30.22 | 31.13 | 32.61 |
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): | 62.50 | |
| MACD (12,26,9): | 0.8600 | |
| Directional Movement: | 13.76 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 33.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.62 | |
| Elder Ray (13): | 0.32 | |
| Super Trend (3,10): | 31.09 | |
| Zig ZAG (10): | 32.61 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 59.01 | |
| TEMA (21): | 33.21 | |
| Williams %R (14): | -51.17 | |
| Chande Momentum Oscillator (20): | -0.48 | |
| Repulse (5,40,3): | -1.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5000 | |
| Courbe Coppock: | 10.52 |
| MA7: | 32.54 | |
| MA20: | 32.09 | |
| MA50: | 29.84 | |
| MA100: | 28.15 | |
| MAexp7: | 32.59 | |
| MAexp20: | 31.96 | |
| MAexp50: | 30.39 | |
| MAexp100: | 29.58 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +1.62% | |
| Price / MA50: | +9.28% | |
| Price / MA100: | +15.84% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +2.03% | |
| Price / MAexp50: | +7.31% | |
| Price / MAexp100: | +10.24% |
News
The last news published on WOLVERINE WORLD WIDE INC. at the time of the generation of this analysis was as follows:
- Wolverine World Wide, Inc. Names Angelo Ng As First Chief Merchant Officer
- Wolverine World Wide Reports Third Quarter 2018 Results and Raises Full-Year Earnings Outlook
- Wolverine Worldwide Announces Third-Quarter 2018 Conference Call For November 7, 2018
- Wolverine World Wide Reports Record Second Quarter Earnings And Raises Full-Year Earnings Outlook
- Wolverine Worldwide Announces First-Quarter 2018 Conference Call For May 9, 2018
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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