BRP INC. - Daily - Technical analysis published on 08/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 32.04 USD
My targets
30.60 USD (-3.50%)
27.32 USD (-13.84%)
My analysis
The strong short-term decline of BRP INC. reinforces the current slightly bearish trend. As long as the price remains below 32.04 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 30.60 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 27.32 USD as an objective. Crossing it would then enable sellers to target 24.36 USD. A return to above 32.04 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BRP INC. rating 31.71 USD. The price is lower by -1.28% since the last closing and was traded between 31.38 USD and 31.75 USD over the period. The price is currently at +1.05% from its lowest and -0.13% from its highest.31.38
31.75
31.71
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BRP INC. in Daily shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.36 | 27.32 | 30.60 | 31.71 | 32.04 | 33.43 | 37.44 |
| Change (%) | -23.18% | -13.84% | -3.50% | - | +1.04% | +5.42% | +18.07% |
| Change | -7.35 | -4.39 | -1.11 | - | +0.33 | +1.72 | +5.73 |
| Level | Minor | Minor | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.23 | 31.54 | 31.83 | 32.14 | 32.43 | 32.74 | 33.03 |
| Camarilla | 31.96 | 32.01 | 32.07 | 32.12 | 32.18 | 32.23 | 32.29 |
| Woodie | 31.22 | 31.54 | 31.82 | 32.14 | 32.42 | 32.74 | 33.02 |
| Fibonacci | 31.54 | 31.77 | 31.91 | 32.14 | 32.37 | 32.51 | 32.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.48 | 27.15 | 29.64 | 31.31 | 33.80 | 35.47 | 37.96 |
| Camarilla | 30.98 | 31.36 | 31.74 | 32.12 | 32.50 | 32.88 | 33.26 |
| Woodie | 25.88 | 27.36 | 30.04 | 31.52 | 34.20 | 35.68 | 38.36 |
| Fibonacci | 27.15 | 28.74 | 29.72 | 31.31 | 32.90 | 33.88 | 35.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.66 | 31.00 | 33.14 | 35.48 | 37.62 | 39.96 | 42.10 |
| Camarilla | 34.04 | 34.45 | 34.86 | 35.27 | 35.68 | 36.09 | 36.50 |
| Woodie | 28.55 | 30.95 | 33.03 | 35.43 | 37.51 | 39.91 | 41.99 |
| Fibonacci | 31.00 | 32.72 | 33.77 | 35.48 | 37.20 | 38.25 | 39.96 |
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): | 33.77 | |
| MACD (12,26,9): | -0.8800 | |
| Directional Movement: | -31.85 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 32.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.80 | |
| Elder Ray (13): | -1.68 | |
| Super Trend (3,10): | 34.89 | |
| Zig ZAG (10): | 31.71 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 41.88 | |
| TEMA (21): | 31.69 | |
| Williams %R (14): | -61.08 | |
| Chande Momentum Oscillator (20): | -3.55 | |
| Repulse (5,40,3): | 2.5700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 17.89 |
| MA7: | 32.31 | |
| MA20: | 34.29 | |
| MA50: | 34.73 | |
| MA100: | 32.08 | |
| MAexp7: | 32.50 | |
| MAexp20: | 33.79 | |
| MAexp50: | 33.85 | |
| MAexp100: | 33.06 | |
| Price / MA7: | -1.86% | |
| Price / MA20: | -7.52% | |
| Price / MA50: | -8.70% | |
| Price / MA100: | -1.15% | |
| Price / MAexp7: | -2.43% | |
| Price / MAexp20: | -6.16% | |
| Price / MAexp50: | -6.32% | |
| Price / MAexp100: | -4.08% |
News
The latest news and videos published on BRP INC. at the time of the analysis were as follows:
- BRP Completes Acquisition of Telwater, Australian Leader in Aluminum Boats
- Can-Am Revolutionizes the On-the-job Experience with a Revamped Defender Lineup and All-New 6x6 Model
- BRP Announces Election of Directors and Board Committee Changes
- REMINDER/Media Advisory: BRP Will Present Its First Quarter FY2020 Results and Hold Its Annual Meeting of Shareholders
- REMINDER/Media Advisory: BRP Will Present Its First Quarter FY2020 Results and Hold Its Annual Meeting of Shareholders
This member declared not having a position on this financial instrument or a related financial instrument.
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