ONESPAN INC. - Daily - Technical analysis published on 09/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 13.43 USD
My targets
12.13 USD (-8.38%)
11.05 USD (-16.54%)
My analysis
The bearish basic trend is very strong on ONESPAN INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 13.43 USD. Crossing the first support at 12.13 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 11.05 USD as an objective. Crossing it would then enable sellers to target 6.75 USD. Caution, a return to above the resistance located at 13.43 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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.
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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 ONESPAN INC. rating is 13.24 USD. The price is lower by -1.93% since the last closing with the lowest point at 13.20 USD and the highest point at 13.68 USD. The deviation from the price is +0.30% for the low point and -3.22% for the high point.13.20
13.68
13.24
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ONESPAN INC. chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
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 | 6.75 | 11.05 | 12.13 | 13.24 | 13.43 | 14.88 | 15.88 |
| Change (%) | -49.02% | -16.54% | -8.38% | - | +1.44% | +12.39% | +19.94% |
| Change | -6.49 | -2.19 | -1.11 | - | +0.19 | +1.64 | +2.64 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
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 | 12.74 | 13.09 | 13.29 | 13.64 | 13.84 | 14.19 | 14.39 |
| Camarilla | 13.35 | 13.40 | 13.45 | 13.50 | 13.55 | 13.60 | 13.65 |
| Woodie | 12.68 | 13.05 | 13.23 | 13.60 | 13.78 | 14.15 | 14.33 |
| Fibonacci | 13.09 | 13.30 | 13.43 | 13.64 | 13.85 | 13.98 | 14.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.78 | 12.31 | 12.91 | 13.44 | 14.04 | 14.57 | 15.17 |
| Camarilla | 13.19 | 13.29 | 13.40 | 13.50 | 13.60 | 13.71 | 13.81 |
| Woodie | 11.81 | 12.33 | 12.94 | 13.46 | 14.07 | 14.59 | 15.20 |
| Fibonacci | 12.31 | 12.75 | 13.01 | 13.44 | 13.88 | 14.14 | 14.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.36 | 11.59 | 12.54 | 13.77 | 14.72 | 15.95 | 16.90 |
| Camarilla | 12.90 | 13.10 | 13.30 | 13.50 | 13.70 | 13.90 | 14.10 |
| Woodie | 10.23 | 11.52 | 12.41 | 13.70 | 14.59 | 15.88 | 16.77 |
| Fibonacci | 11.59 | 12.42 | 12.93 | 13.77 | 14.60 | 15.11 | 15.95 |
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): | 42.46 | |
| MACD (12,26,9): | -0.2300 | |
| Directional Movement: | -5.66 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 13.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.98 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 14.68 | |
| Zig ZAG (10): | 13.24 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 51.56 | |
| TEMA (21): | 13.27 | |
| Williams %R (14): | -61.80 | |
| Chande Momentum Oscillator (20): | 0.37 | |
| Repulse (5,40,3): | -3.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 1.01 |
| MA7: | 13.39 | |
| MA20: | 13.43 | |
| MA50: | 14.11 | |
| MA100: | 14.87 | |
| MAexp7: | 13.43 | |
| MAexp20: | 13.59 | |
| MAexp50: | 14.07 | |
| MAexp100: | 14.77 | |
| Price / MA7: | -1.12% | |
| Price / MA20: | -1.41% | |
| Price / MA50: | -6.17% | |
| Price / MA100: | -10.96% | |
| Price / MAexp7: | -1.41% | |
| Price / MAexp20: | -2.58% | |
| Price / MAexp50: | -5.90% | |
| Price / MAexp100: | -10.36% |
This member declared not having a position on this financial instrument or a related financial instrument.
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