ACUITY BRANDS INC. - Daily - Technical analysis published on 12/11/2019 (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
89%
0%
11%
My opinion
Bullish above 128.06 USD
My targets
139.11 USD (+4.18%)
144.99 USD (+8.58%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ACUITY BRANDS INC. as long as the price remains well above 128.06 USD. The buyers” bullish objective is set at 139.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 144.99 USD. If there is any crossing, the next objective would be the resistance located at 164.30 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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
ACUITY BRANDS INC. rating 133.53 USD. The price has increased by +0.39% since the last closing with the lowest point at 131.79 USD and the highest point at 133.62 USD. The deviation from the price is +1.32% for the low point and -0.07% for the high point.131.79
133.62
133.53
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ACUITY BRANDS INC. in Daily shows a strongly overall bullish trend. 82.14% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
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 | 123.67 | 128.06 | 131.82 | 133.53 | 135.49 | 139.11 | 144.99 |
| Change (%) | -7.38% | -4.10% | -1.28% | - | +1.47% | +4.18% | +8.58% |
| Change | -9.86 | -5.47 | -1.71 | - | +1.96 | +5.58 | +11.46 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.92 | 131.10 | 132.06 | 133.24 | 134.20 | 135.38 | 136.34 |
| Camarilla | 132.42 | 132.62 | 132.81 | 133.01 | 133.21 | 133.40 | 133.60 |
| Woodie | 129.80 | 131.05 | 131.94 | 133.19 | 134.08 | 135.33 | 136.22 |
| Fibonacci | 131.10 | 131.92 | 132.43 | 133.24 | 134.06 | 134.57 | 135.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.86 | 122.81 | 128.31 | 132.26 | 137.76 | 141.71 | 147.21 |
| Camarilla | 131.20 | 132.07 | 132.93 | 133.80 | 134.67 | 135.53 | 136.40 |
| Woodie | 119.63 | 123.20 | 129.08 | 132.65 | 138.53 | 142.10 | 147.98 |
| Fibonacci | 122.81 | 126.42 | 128.65 | 132.26 | 135.87 | 138.10 | 141.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 117.11 | 120.87 | 125.83 | 129.59 | 134.55 | 138.31 | 143.27 |
| Camarilla | 128.38 | 129.18 | 129.98 | 130.78 | 131.58 | 132.38 | 133.18 |
| Woodie | 117.70 | 121.17 | 126.42 | 129.89 | 135.14 | 138.61 | 143.86 |
| Fibonacci | 120.87 | 124.20 | 126.26 | 129.59 | 132.92 | 134.98 | 138.31 |
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): | 60.25 | |
| MACD (12,26,9): | 1.5700 | |
| Directional Movement: | 8.78 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 132.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 129.43 | |
| Elder Ray (13): | 1.52 | |
| Super Trend (3,10): | 125.20 | |
| Zig ZAG (10): | 133.53 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 74.51 | |
| TEMA (21): | 133.20 | |
| Williams %R (14): | -24.72 | |
| Chande Momentum Oscillator (20): | 6.73 | |
| Repulse (5,40,3): | 1.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 7.40 |
| MA7: | 131.70 | |
| MA20: | 129.60 | |
| MA50: | 126.51 | |
| MA100: | 128.11 | |
| MAexp7: | 132.24 | |
| MAexp20: | 130.32 | |
| MAexp50: | 128.77 | |
| MAexp100: | 128.74 | |
| Price / MA7: | +1.39% | |
| Price / MA20: | +3.03% | |
| Price / MA50: | +5.55% | |
| Price / MA100: | +4.23% | |
| Price / MAexp7: | +0.98% | |
| Price / MAexp20: | +2.46% | |
| Price / MAexp50: | +3.70% | |
| Price / MAexp100: | +3.72% |
News
Don"t forget to follow the news on ACUITY BRANDS INC.. At the time of publication of this analysis, the latest news was as follows:
- Acuity Brands to Announce Fiscal 2020 First Quarter Results On January 9, 2020
- Acuity Brands Introduces the Modulus Low Voltage Distributed Power and Control System
- Acuity Brands Announces Strategic Partnership with CIRCADIAN ZircLight, Inc.
- Acuity Brands Announces Acquisition of LocusLabs, Inc.
- Juno AI™ – a Portfolio of Downlights that Can Do It All – Promises to Simplify Smart Home Automation
This member declared not having a position on this financial instrument or a related financial instrument.
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