EVERGY INC. - Daily - Technical analysis published on 10/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
11%
56%
33%
My opinion
Bearish under 63.96 USD
My targets
61.65 USD (-2.88%)
59.87 USD (-5.69%)
My analysis
The strong short-term decline in EVERGY INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 63.96 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 61.65 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 59.87 USD as an objective. Crossing it would then enable sellers to target 56.47 USD. Be careful, a return to above 63.96 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
2.1
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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 EVERGY INC. rating is 63.48 USD. On the day, this instrument lost -0.74% with the lowest point at 63.34 USD and the highest point at 64.50 USD. The deviation from the price is +0.22% for the low point and -1.58% for the high point.63.34
64.50
63.48
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EVERGY INC. indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
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 | 56.47 | 59.87 | 61.65 | 63.48 | 63.96 | 65.80 | 67.31 |
| Change (%) | -11.04% | -5.69% | -2.88% | - | +0.76% | +3.65% | +6.03% |
| Change | -7.01 | -3.61 | -1.83 | - | +0.48 | +2.32 | +3.83 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.92 | 63.16 | 63.56 | 63.80 | 64.20 | 64.44 | 64.84 |
| Camarilla | 63.77 | 63.83 | 63.89 | 63.95 | 64.01 | 64.07 | 64.13 |
| Woodie | 62.99 | 63.20 | 63.63 | 63.84 | 64.27 | 64.48 | 64.91 |
| Fibonacci | 63.16 | 63.41 | 63.56 | 63.80 | 64.05 | 64.20 | 64.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.66 | 60.85 | 62.08 | 63.27 | 64.50 | 65.69 | 66.92 |
| Camarilla | 62.65 | 62.87 | 63.09 | 63.31 | 63.53 | 63.75 | 63.98 |
| Woodie | 59.68 | 60.86 | 62.10 | 63.28 | 64.52 | 65.70 | 66.94 |
| Fibonacci | 60.85 | 61.77 | 62.35 | 63.27 | 64.19 | 64.77 | 65.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.54 | 61.45 | 64.00 | 65.91 | 68.46 | 70.37 | 72.92 |
| Camarilla | 65.33 | 65.74 | 66.15 | 66.56 | 66.97 | 67.38 | 67.79 |
| Woodie | 59.87 | 61.61 | 64.33 | 66.07 | 68.79 | 70.53 | 73.25 |
| Fibonacci | 61.45 | 63.15 | 64.20 | 65.91 | 67.61 | 68.66 | 70.37 |
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): | 41.33 | |
| MACD (12,26,9): | -0.4300 | |
| Directional Movement: | -8.82 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 63.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 62.04 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 66.04 | |
| Zig ZAG (10): | 63.48 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 38.21 | |
| TEMA (21): | 63.14 | |
| Williams %R (14): | -64.27 | |
| Chande Momentum Oscillator (20): | -2.15 | |
| Repulse (5,40,3): | -0.8600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 7.35 |
| MA7: | 63.54 | |
| MA20: | 64.70 | |
| MA50: | 64.78 | |
| MA100: | 62.60 | |
| MAexp7: | 63.66 | |
| MAexp20: | 64.25 | |
| MAexp50: | 64.06 | |
| MAexp100: | 62.66 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -1.89% | |
| Price / MA50: | -2.01% | |
| Price / MA100: | +1.41% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -1.20% | |
| Price / MAexp50: | -0.91% | |
| Price / MAexp100: | +1.31% |
This member declared not having a position on this financial instrument or a related financial instrument.
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