MILLICOM INTERNATIONAL CELLULAR S.A. - Daily - Technical analysis published on 07/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
61%
6%
33%
My opinion
Bullish above 54.98 USD
My targets
59.01 USD (+2.45%)
61.10 USD (+6.08%)
My analysis
The strong short-term increase of MILLICOM INTERNATIONAL CELLULAR S.A. should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 54.98 USD, a purchase could be considered. The first bullish objective is located at 59.01 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 61.10 USD. If there is any crossing, the next objective would be the resistance at 63.30 USD. Caution, if there is a return under 54.98 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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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 MILLICOM INTERNATIONAL CELLULAR S.A. price is 57.60 USD. The price registered an increase of +0.14% on the session and was between 57.55 USD and 57.69 USD. This implies that the price is at +0.09% from its lowest and at -0.16% from its highest.57.55
57.69
57.60
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of MILLICOM INTERNATIONAL CELLULAR S.A. indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 49.84 | 52.00 | 54.98 | 57.60 | 59.01 | 61.10 | 63.30 |
| Change (%) | -13.47% | -9.72% | -4.55% | - | +2.45% | +6.08% | +9.90% |
| Change | -7.76 | -5.60 | -2.62 | - | +1.41 | +3.50 | +5.70 |
| Level | Major | Minor | 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 | 56.79 | 57.11 | 57.31 | 57.63 | 57.84 | 58.16 | 58.36 |
| Camarilla | 57.38 | 57.42 | 57.47 | 57.52 | 57.57 | 57.62 | 57.66 |
| Woodie | 56.73 | 57.08 | 57.26 | 57.60 | 57.78 | 58.13 | 58.31 |
| Fibonacci | 57.11 | 57.31 | 57.43 | 57.63 | 57.83 | 57.96 | 58.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.15 | 56.22 | 57.06 | 58.13 | 58.96 | 60.03 | 60.86 |
| Camarilla | 57.37 | 57.54 | 57.72 | 57.89 | 58.07 | 58.24 | 58.41 |
| Woodie | 55.03 | 56.16 | 56.94 | 58.07 | 58.84 | 59.97 | 60.75 |
| Fibonacci | 56.22 | 56.95 | 57.40 | 58.13 | 58.85 | 59.30 | 60.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.66 | 46.11 | 50.91 | 54.36 | 59.16 | 62.61 | 67.41 |
| Camarilla | 53.43 | 54.19 | 54.94 | 55.70 | 56.46 | 57.21 | 57.97 |
| Woodie | 43.33 | 46.45 | 51.58 | 54.70 | 59.83 | 62.95 | 68.08 |
| Fibonacci | 46.11 | 49.27 | 51.21 | 54.36 | 57.52 | 59.46 | 62.61 |
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): | 57.45 | |
| MACD (12,26,9): | 0.7600 | |
| Directional Movement: | 12.27 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 57.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 56.35 | |
| Elder Ray (13): | 0.51 | |
| Super Trend (3,10): | 55.47 | |
| Zig ZAG (10): | 57.67 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 59.92 | |
| TEMA (21): | 58.44 | |
| Williams %R (14): | -43.55 | |
| Chande Momentum Oscillator (20): | 2.04 | |
| Repulse (5,40,3): | -1.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 10.78 |
| MA7: | 57.86 | |
| MA20: | 56.28 | |
| MA50: | 55.78 | |
| MA100: | 58.15 | |
| MAexp7: | 57.60 | |
| MAexp20: | 56.64 | |
| MAexp50: | 56.61 | |
| MAexp100: | 58.20 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | +2.35% | |
| Price / MA50: | +3.26% | |
| Price / MA100: | -0.95% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +1.69% | |
| Price / MAexp50: | +1.75% | |
| Price / MAexp100: | -1.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
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