ALMIRALL - Daily - Technical analysis published on 12/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 15.10 EUR
My targets
14.11 EUR (-2.76%)
12.95 EUR (-10.75%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALMIRALL as long as the price remains well below 15.10 EUR. The sellers” bearish objective is set at 14.11 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.95 EUR. In case of crossing, the next objective would be the support located at 9.76 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.7
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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 ALMIRALL price is 14.51 EUR. On the day, this instrument lost -1.63% and was between 14.44 EUR and 14.88 EUR. This implies that the price is at +0.48% from its lowest and at -2.49% from its highest.14.44
14.88
14.51
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this ALMIRALL chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
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 these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.76 | 12.95 | 14.11 | 14.51 | 14.68 | 15.10 | 16.05 |
| Change (%) | -32.74% | -10.75% | -2.76% | - | +1.17% | +4.07% | +10.61% |
| Change | -4.75 | -1.56 | -0.40 | - | +0.17 | +0.59 | +1.54 |
| Level | Intermediate | Major | Major | - | Major | Major | Minor |
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 | 14.22 | 14.38 | 14.57 | 14.73 | 14.92 | 15.08 | 15.27 |
| Camarilla | 14.65 | 14.69 | 14.72 | 14.75 | 14.78 | 14.81 | 14.85 |
| Woodie | 14.23 | 14.39 | 14.58 | 14.74 | 14.93 | 15.09 | 15.28 |
| Fibonacci | 14.38 | 14.52 | 14.60 | 14.73 | 14.87 | 14.95 | 15.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.41 | 14.02 | 14.34 | 14.95 | 15.27 | 15.88 | 16.20 |
| Camarilla | 14.39 | 14.48 | 14.57 | 14.65 | 14.74 | 14.82 | 14.91 |
| Woodie | 13.26 | 13.95 | 14.19 | 14.88 | 15.12 | 15.81 | 16.05 |
| Fibonacci | 14.02 | 14.38 | 14.60 | 14.95 | 15.31 | 15.53 | 15.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.78 | 12.14 | 13.78 | 16.14 | 17.78 | 20.14 | 21.78 |
| Camarilla | 14.32 | 14.69 | 15.05 | 15.42 | 15.79 | 16.15 | 16.52 |
| Woodie | 9.42 | 11.96 | 13.42 | 15.96 | 17.42 | 19.96 | 21.42 |
| Fibonacci | 12.14 | 13.67 | 14.61 | 16.14 | 17.67 | 18.61 | 20.14 |
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): | 32.45 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | -13.34 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 14.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.48 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 15.81 | |
| Zig ZAG (10): | 14.51 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 8.28 | |
| TEMA (21): | 14.66 | |
| Williams %R (14): | -94.87 | |
| Chande Momentum Oscillator (20): | -0.77 | |
| Repulse (5,40,3): | -5.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 4.23 |
| MA7: | 14.86 | |
| MA20: | 15.11 | |
| MA50: | 15.87 | |
| MA100: | 16.05 | |
| MAexp7: | 14.81 | |
| MAexp20: | 15.15 | |
| MAexp50: | 15.58 | |
| MAexp100: | 15.79 | |
| Price / MA7: | -2.36% | |
| Price / MA20: | -3.97% | |
| Price / MA50: | -8.57% | |
| Price / MA100: | -9.60% | |
| Price / MAexp7: | -2.03% | |
| Price / MAexp20: | -4.22% | |
| Price / MAexp50: | -6.87% | |
| Price / MAexp100: | -8.11% |
News
The latest news and videos published on ALMIRALL at the time of the analysis were as follows:
- Almirall LLC Announces The Publication Of Long-Term Safety Data For The Use Of Seysara® (Sarecycline) Tablets In Patients 9 Years Of Age And Older
- Aczone® (dapsone) Gel, 7.5% Now Approved for the Topical Treatment of Acne Vulgaris in Patients 9 Years of Age and Older
- Almirall Issues Call For Grant Submissions For Development of New Immunodermatology Therapies
- Almirall Partners With AARS To Raise Awareness About The Burden Of Disease And Importance Of Education For Dermatology Professionals For National Acne Awareness Month
- Almirall Recognized As Distinguished Corporate Leader By American Skin Association - Unveiled Patient-Driven Purpose
This member declared not having a position on this financial instrument or a related financial instrument.
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