BRP INC. - Daily - Technical analysis published on 01/20/2020 (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
83%
0%
17%
My opinion
Bullish above 45.49 USD
My targets
49.64 USD (+3.74%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BRP INC. as long as the price remains well above 45.49 USD. The buyers” bullish objective is set at 49.64 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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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 BRP INC. price is 47.85 USD. The price has increased by +1.79% since the last closing and was between 46.98 USD and 47.89 USD. This implies that the price is at +1.85% from its lowest and at -0.08% from its highest.46.98
47.89
47.85
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BRP INC.:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of BRP INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 32.07 | 37.49 | 45.49 | 47.85 | 49.64 |
| Change (%) | -32.98% | -21.65% | -4.93% | - | +3.74% |
| Change | -15.78 | -10.36 | -2.36 | - | +1.79 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.05 | 46.34 | 46.67 | 46.96 | 47.29 | 47.58 | 47.91 |
| Camarilla | 46.84 | 46.90 | 46.95 | 47.01 | 47.07 | 47.12 | 47.18 |
| Woodie | 46.08 | 46.35 | 46.70 | 46.97 | 47.32 | 47.59 | 47.94 |
| Fibonacci | 46.34 | 46.57 | 46.72 | 46.96 | 47.19 | 47.34 | 47.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.61 | 42.97 | 43.69 | 45.05 | 45.77 | 47.13 | 47.85 |
| Camarilla | 43.83 | 44.02 | 44.21 | 44.40 | 44.59 | 44.78 | 44.97 |
| Woodie | 41.28 | 42.81 | 43.36 | 44.89 | 45.44 | 46.97 | 47.52 |
| Fibonacci | 42.97 | 43.77 | 44.26 | 45.05 | 45.85 | 46.34 | 47.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.78 | 41.63 | 43.60 | 46.45 | 48.42 | 51.27 | 53.24 |
| Camarilla | 44.24 | 44.69 | 45.13 | 45.57 | 46.01 | 46.45 | 46.90 |
| Woodie | 38.34 | 41.41 | 43.16 | 46.23 | 47.98 | 51.05 | 52.80 |
| Fibonacci | 41.63 | 43.47 | 44.61 | 46.45 | 48.29 | 49.43 | 51.27 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.72 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 5.91 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 46.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 44.40 | |
| Elder Ray (13): | 1.09 | |
| Super Trend (3,10): | 47.86 | |
| Zig ZAG (10): | 47.85 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 92.20 | |
| TEMA (21): | 46.37 | |
| Williams %R (14): | -1.13 | |
| Chande Momentum Oscillator (20): | 2.28 | |
| Repulse (5,40,3): | 3.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.82 |
| MA7: | 46.34 | |
| MA20: | 45.99 | |
| MA50: | 46.49 | |
| MA100: | 42.98 | |
| MAexp7: | 46.66 | |
| MAexp20: | 46.25 | |
| MAexp50: | 45.49 | |
| MAexp100: | 43.07 | |
| Price / MA7: | +3.26% | |
| Price / MA20: | +4.04% | |
| Price / MA50: | +2.93% | |
| Price / MA100: | +11.33% | |
| Price / MAexp7: | +2.55% | |
| Price / MAexp20: | +3.46% | |
| Price / MAexp50: | +5.19% | |
| Price / MAexp100: | +11.10% |
News
The latest news and videos published on BRP INC. at the time of the analysis were as follows:
- Can-Am Side-by-Side Vehicle Wins the Dakar Rally for the Third Consecutive Year
- BRP and Its Principal Shareholders Announce Closing of Previously Announced Secondary Offering
- BRP and Its Principal Shareholders Announce C$305,850,000 Bought Deal Secondary Offering
- REMINDER/Media Advisory: BRP to Present Its Third Quarter Results for Fiscal Year 2020
- REMINDER/Media Advisory: BRP to Present Its Third Quarter Results for Fiscal Year 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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