CAMTEK - Daily - Technical analysis published on 09/16/2019 (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
78%
6%
17%
My opinion
Bullish above 9.23 USD
My targets
9.99 USD (+2.15%)
10.44 USD (+6.75%)
My analysis
CAMTEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 9.23 USD. The next resistance located at 9.99 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.44 USD. After this resistance, buyers could then target 10.81 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.3
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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
CAMTEK rating 9.78 USD. The price is lower by -2.10% since the last closing and was between 9.78 USD and 10.02 USD. This implies that the price is at 0% from its lowest and at -2.40% from its highest.9.78
10.02
9.78
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAMTEK:
Technical
Technical analysis of CAMTEK 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 is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
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 : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 7.73 | 8.71 | 9.23 | 9.78 | 9.99 | 10.44 | 10.81 |
| Change (%) | -20.96% | -10.94% | -5.62% | - | +2.15% | +6.75% | +10.53% |
| Change | -2.05 | -1.07 | -0.55 | - | +0.21 | +0.66 | +1.03 |
| Level | Major | Intermediate | Major | - | Major | Minor | 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 | 9.53 | 9.62 | 9.81 | 9.90 | 10.09 | 10.18 | 10.37 |
| Camarilla | 9.91 | 9.94 | 9.96 | 9.99 | 10.02 | 10.04 | 10.07 |
| Woodie | 9.57 | 9.65 | 9.85 | 9.93 | 10.13 | 10.21 | 10.41 |
| Fibonacci | 9.62 | 9.73 | 9.80 | 9.90 | 10.01 | 10.08 | 10.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.26 | 8.52 | 8.88 | 9.14 | 9.50 | 9.76 | 10.12 |
| Camarilla | 9.08 | 9.14 | 9.19 | 9.25 | 9.31 | 9.36 | 9.42 |
| Woodie | 8.32 | 8.55 | 8.94 | 9.17 | 9.56 | 9.79 | 10.18 |
| Fibonacci | 8.52 | 8.75 | 8.90 | 9.14 | 9.37 | 9.52 | 9.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.09 | 7.10 | 8.07 | 9.09 | 10.06 | 11.07 | 12.04 |
| Camarilla | 8.49 | 8.68 | 8.86 | 9.04 | 9.22 | 9.40 | 9.59 |
| Woodie | 6.06 | 7.09 | 8.05 | 9.08 | 10.03 | 11.06 | 12.02 |
| Fibonacci | 7.10 | 7.86 | 8.33 | 9.09 | 9.85 | 10.31 | 11.07 |
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): | 62.59 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 13.52 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 9.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.76 | |
| Elder Ray (13): | 0.50 | |
| Super Trend (3,10): | 8.95 | |
| Zig ZAG (10): | 9.78 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 93.72 | |
| TEMA (21): | 9.68 | |
| Williams %R (14): | -16.11 | |
| Chande Momentum Oscillator (20): | 1.12 | |
| Repulse (5,40,3): | 1.7800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 17.22 |
| MA7: | 9.56 | |
| MA20: | 9.12 | |
| MA50: | 9.00 | |
| MA100: | 8.94 | |
| MAexp7: | 9.60 | |
| MAexp20: | 9.27 | |
| MAexp50: | 9.06 | |
| MAexp100: | 8.94 | |
| Price / MA7: | +2.30% | |
| Price / MA20: | +7.24% | |
| Price / MA50: | +8.67% | |
| Price / MA100: | +9.40% | |
| Price / MAexp7: | +1.88% | |
| Price / MAexp20: | +5.50% | |
| Price / MAexp50: | +7.95% | |
| Price / MAexp100: | +9.40% |
News
Don"t forget to follow the news on CAMTEK. At the time of publication of this analysis, the latest news was as follows:
- Camtek Announces Results for the Second Quarter of 2019
- Camtek Schedules Second Quarter 2019 Results Release and Conference Call for Tuesday, August 6, 2019
- Camtek Closed the Transaction With Chroma
- Camtek Obtains Shareholders' and CFIUS' Approvals for the Chroma Transaction
- Camtek Announces Record Results for the First Quarter of 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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