VNET GROUP INC. ADS - Daily - Technical analysis published on 09/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 8.07 USD
My targets
8.59 USD (+1.90%)
9.00 USD (+6.76%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on 21VIANET GROUP INC. ADS. This is a positive signal for buyers. As long as the price remains above 8.07 USD, a purchase could be considered. The first bullish objective is located at 8.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.00 USD as an objective. Crossing it would then enable buyers to target 9.51 USD. In the event of a return below 8.07 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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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
21VIANET GROUP INC. ADS rating 8.43 USD. The price registered an increase of +0.24% on the session and was traded between 8.24 USD and 8.52 USD over the period. The price is currently at +2.31% from its lowest and -1.06% from its highest.8.24
8.52
8.43
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
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:
Technical
A technical analysis in Daily of this 21VIANET GROUP INC. ADS chart shows a bullish trend. 75% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
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 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
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 this signal:
Resistance of channel is broken
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 | 7.13 | 7.77 | 8.07 | 8.43 | 8.59 | 9.00 | 9.51 |
| Change (%) | -15.42% | -7.83% | -4.27% | - | +1.90% | +6.76% | +12.81% |
| Change | -1.30 | -0.66 | -0.36 | - | +0.16 | +0.57 | +1.08 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 7.61 | 7.78 | 8.10 | 8.26 | 8.58 | 8.75 | 9.06 |
| Camarilla | 8.28 | 8.32 | 8.37 | 8.41 | 8.45 | 8.50 | 8.54 |
| Woodie | 7.69 | 7.82 | 8.17 | 8.30 | 8.65 | 8.78 | 9.13 |
| Fibonacci | 7.78 | 7.97 | 8.08 | 8.26 | 8.45 | 8.56 | 8.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.47 | 6.77 | 7.31 | 7.61 | 8.15 | 8.45 | 8.99 |
| Camarilla | 7.62 | 7.70 | 7.77 | 7.85 | 7.93 | 8.00 | 8.08 |
| Woodie | 6.59 | 6.83 | 7.43 | 7.67 | 8.27 | 8.51 | 9.11 |
| Fibonacci | 6.77 | 7.09 | 7.29 | 7.61 | 7.93 | 8.13 | 8.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.63 | 6.14 | 6.99 | 7.50 | 8.35 | 8.86 | 9.71 |
| Camarilla | 7.48 | 7.60 | 7.73 | 7.85 | 7.98 | 8.10 | 8.22 |
| Woodie | 5.81 | 6.23 | 7.17 | 7.59 | 8.53 | 8.95 | 9.89 |
| Fibonacci | 6.14 | 6.66 | 6.98 | 7.50 | 8.02 | 8.34 | 8.86 |
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): | 66.51 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 19.63 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 7.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.18 | |
| Elder Ray (13): | 0.64 | |
| Super Trend (3,10): | 7.28 | |
| Zig ZAG (10): | 8.43 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 96.50 | |
| TEMA (21): | 8.06 | |
| Williams %R (14): | -5.52 | |
| Chande Momentum Oscillator (20): | 0.66 | |
| Repulse (5,40,3): | 6.6500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 23.27 |
| MA7: | 7.84 | |
| MA20: | 7.43 | |
| MA50: | 7.48 | |
| MA100: | 7.57 | |
| MAexp7: | 7.97 | |
| MAexp20: | 7.61 | |
| MAexp50: | 7.51 | |
| MAexp100: | 7.68 | |
| Price / MA7: | +7.53% | |
| Price / MA20: | +13.46% | |
| Price / MA50: | +12.70% | |
| Price / MA100: | +11.36% | |
| Price / MAexp7: | +5.77% | |
| Price / MAexp20: | +10.78% | |
| Price / MAexp50: | +12.25% | |
| Price / MAexp100: | +9.77% |
News
Don"t forget to follow the news on 21VIANET GROUP INC. ADS. At the time of publication of this analysis, the latest news was as follows:
-
21Vianet Group, Inc. - VNET Stock Chart Technical Analysis for 05-17-2019
-
21Vianet Group, Inc. - VNET Stock Chart Technical Analysis for 11-21-18
-
21Vianet Group, Inc. - VNET Stock Chart Technical Analysis for 05-16-18
- /DISREGARD RELEASE: 21Vianet Blue Cloud/
- Milestone Partnership -- 21Vianet, Microsoft, and Tencent
This member declared not having a position on this financial instrument or a related financial instrument.
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