BRUNELLO CUCINELLI - Daily - Technical analysis published on 12/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 29.61 EUR
My targets
33.62 EUR (+5.19%)
35.40 EUR (+10.76%)
My analysis
The basic bullish trend is very strong on BRUNELLO CUCINELLI but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 29.61 EUR. Crossing the first resistance at 33.62 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 35.40 EUR as an objective. Crossing it would then enable buyers to target 38.55 EUR. Caution, a return to below 29.61 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.5
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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 BRUNELLO CUCINELLI price is 31.96 EUR. On the day, this instrument lost -1.60% with the lowest point at 31.72 EUR and the highest point at 32.50 EUR. The deviation from the price is +0.76% for the low point and -1.66% for the high point.31.72
32.50
31.96
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand 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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BRUNELLO CUCINELLI indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.16 | 28.86 | 29.61 | 31.96 | 32.24 | 33.62 | 35.40 |
| Change (%) | -11.89% | -9.70% | -7.35% | - | +0.88% | +5.19% | +10.76% |
| Change | -3.80 | -3.10 | -2.35 | - | +0.28 | +1.66 | +3.44 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | 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 | 31.36 | 31.68 | 31.96 | 32.28 | 32.56 | 32.88 | 33.16 |
| Camarilla | 32.08 | 32.13 | 32.19 | 32.24 | 32.30 | 32.35 | 32.41 |
| Woodie | 31.34 | 31.67 | 31.94 | 32.27 | 32.54 | 32.87 | 33.14 |
| Fibonacci | 31.68 | 31.91 | 32.05 | 32.28 | 32.51 | 32.65 | 32.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.49 | 31.23 | 32.27 | 33.01 | 34.05 | 34.79 | 35.83 |
| Camarilla | 32.83 | 32.99 | 33.16 | 33.32 | 33.48 | 33.65 | 33.81 |
| Woodie | 30.65 | 31.31 | 32.43 | 33.09 | 34.21 | 34.87 | 35.99 |
| Fibonacci | 31.23 | 31.91 | 32.33 | 33.01 | 33.69 | 34.11 | 34.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.08 | 26.02 | 29.82 | 31.76 | 35.56 | 37.50 | 41.30 |
| Camarilla | 32.04 | 32.57 | 33.09 | 33.62 | 34.15 | 34.67 | 35.20 |
| Woodie | 25.01 | 26.49 | 30.75 | 32.23 | 36.49 | 37.97 | 42.23 |
| Fibonacci | 26.02 | 28.21 | 29.57 | 31.76 | 33.95 | 35.31 | 37.50 |
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): | 58.49 | |
| MACD (12,26,9): | 0.6900 | |
| Directional Movement: | 7.49 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 32.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.71 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 30.88 | |
| Zig ZAG (10): | 32.48 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 37.99 | |
| TEMA (21): | 32.91 | |
| Williams %R (14): | -70.79 | |
| Chande Momentum Oscillator (20): | -1.14 | |
| Repulse (5,40,3): | -2.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4300 | |
| Courbe Coppock: | 6.33 |
| MA7: | 32.35 | |
| MA20: | 32.08 | |
| MA50: | 29.92 | |
| MA100: | 29.18 | |
| MAexp7: | 32.38 | |
| MAexp20: | 31.91 | |
| MAexp50: | 30.65 | |
| MAexp100: | 29.96 | |
| Price / MA7: | -1.21% | |
| Price / MA20: | -0.37% | |
| Price / MA50: | +6.82% | |
| Price / MA100: | +9.53% | |
| Price / MAexp7: | -1.30% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +4.27% | |
| Price / MAexp100: | +6.68% |
News
Don"t forget to follow the news on BRUNELLO CUCINELLI. At the time of publication of this analysis, the latest news was as follows:
Brunello CucinelliThis member declared not having a position on this financial instrument or a related financial instrument.
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