BJ S WHOLESALE CLUB HLD. - Daily - Technical analysis published on 11/14/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 24.75 USD
My targets
26.64 USD (0%)
27.41 USD (+2.89%)
My analysis
BJ S WHOLESALE CLUB HLD. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 24.75 USD. The next resistance located at 26.64 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 27.41 USD. After this resistance, buyers could then target 28.09 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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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
BJ S WHOLESALE CLUB HLD. rating 26.64 USD. On the day, this instrument lost -0.23% with the lowest point at 26.34 USD and the highest point at 26.85 USD. The deviation from the price is +1.14% for the low point and -0.78% for the high point.26.34
26.85
26.64
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BJ S WHOLESALE CLUB HLD.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BJ S WHOLESALE CLUB HLD. in Daily shows a strongly overall 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.
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.13 | 23.84 | 24.75 | 26.64 | 26.64 | 27.41 | 28.09 |
| Change (%) | -20.68% | -10.51% | -7.09% | 0% | - | +2.89% | +5.44% |
| Change | -5.51 | -2.80 | -1.89 | 0 | - | +0.77 | +1.45 |
| Level | Minor | Intermediate | 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 | 25.84 | 26.09 | 26.39 | 26.64 | 26.94 | 27.19 | 27.49 |
| Camarilla | 26.55 | 26.60 | 26.65 | 26.70 | 26.75 | 26.80 | 26.85 |
| Woodie | 25.88 | 26.10 | 26.43 | 26.65 | 26.98 | 27.20 | 27.53 |
| Fibonacci | 26.09 | 26.30 | 26.43 | 26.64 | 26.85 | 26.98 | 27.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.44 | 25.95 | 26.39 | 26.90 | 27.34 | 27.85 | 28.29 |
| Camarilla | 26.57 | 26.66 | 26.74 | 26.83 | 26.92 | 27.00 | 27.09 |
| Woodie | 25.41 | 25.93 | 26.36 | 26.88 | 27.31 | 27.83 | 28.26 |
| Fibonacci | 25.95 | 26.31 | 26.54 | 26.90 | 27.26 | 27.49 | 27.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.80 | 22.15 | 24.43 | 25.78 | 28.06 | 29.41 | 31.69 |
| Camarilla | 25.70 | 26.04 | 26.37 | 26.70 | 27.03 | 27.37 | 27.70 |
| Woodie | 21.26 | 22.38 | 24.89 | 26.01 | 28.52 | 29.64 | 32.15 |
| Fibonacci | 22.15 | 23.54 | 24.40 | 25.78 | 27.17 | 28.03 | 29.41 |
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): | 56.24 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | 2.64 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 26.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.36 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 24.67 | |
| Zig ZAG (10): | 26.64 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 68.39 | |
| TEMA (21): | 26.96 | |
| Williams %R (14): | -30.74 | |
| Chande Momentum Oscillator (20): | 0.74 | |
| Repulse (5,40,3): | 0.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 9.13 |
| MA7: | 26.75 | |
| MA20: | 26.20 | |
| MA50: | 25.99 | |
| MA100: | 25.17 | |
| MAexp7: | 26.66 | |
| MAexp20: | 26.28 | |
| MAexp50: | 25.82 | |
| MAexp100: | 25.56 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | +1.68% | |
| Price / MA50: | +2.50% | |
| Price / MA100: | +5.84% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +1.37% | |
| Price / MAexp50: | +3.18% | |
| Price / MAexp100: | +4.23% |
This member declared not having a position on this financial instrument or a related financial instrument.
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