Londinia Opportunities Analyses - 05/02/2024 (GMT) CHESAPEAKE UTILITIES - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 107.16 USD
My targets
109.93 USD (+1.76%)
115.24 USD (+6.67%)
My analysis
CHESAPEAKE UTILITIES 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 107.16 USD. The next resistance located at 109.93 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 115.24 USD. After this resistance, buyers could then target 120.99 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.
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
8.6
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Additional analysis
Quotes
The CHESAPEAKE UTILITIES rating is 108.03 USD. On the day, this instrument gained +0.83% and was traded between 107.34 USD and 108.33 USD over the period. The price is currently at +0.64% from its lowest and -0.28% from its highest.107.34
108.33
108.03
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHESAPEAKE UTILITIES indicates that the overall trend is strongly bullish. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 103.57 | 104.65 | 107.16 | 108.03 | 108.21 | 109.93 | 115.24 |
| Change (%) | -4.13% | -3.13% | -0.81% | - | +0.17% | +1.76% | +6.67% |
| Change | -4.46 | -3.38 | -0.87 | - | +0.18 | +1.90 | +7.21 |
| Level | Major | Major | Minor | - | Intermediate | Major | Minor |
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 | 103.20 | 104.48 | 105.81 | 107.09 | 108.42 | 109.70 | 111.03 |
| Camarilla | 106.42 | 106.66 | 106.90 | 107.14 | 107.38 | 107.62 | 107.86 |
| Woodie | 103.23 | 104.49 | 105.84 | 107.10 | 108.45 | 109.71 | 111.06 |
| Fibonacci | 104.48 | 105.48 | 106.09 | 107.09 | 108.09 | 108.70 | 109.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.64 | 103.15 | 104.14 | 105.65 | 106.64 | 108.15 | 109.14 |
| Camarilla | 104.44 | 104.67 | 104.90 | 105.13 | 105.36 | 105.59 | 105.82 |
| Woodie | 101.38 | 103.02 | 103.88 | 105.52 | 106.38 | 108.02 | 108.88 |
| Fibonacci | 103.15 | 104.11 | 104.70 | 105.65 | 106.61 | 107.20 | 108.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90.78 | 94.55 | 100.21 | 103.98 | 109.64 | 113.41 | 119.07 |
| Camarilla | 103.28 | 104.14 | 105.01 | 105.87 | 106.73 | 107.60 | 108.46 |
| Woodie | 91.73 | 95.02 | 101.16 | 104.45 | 110.59 | 113.88 | 120.02 |
| Fibonacci | 94.55 | 98.15 | 100.38 | 103.98 | 107.58 | 109.81 | 113.41 |
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): | 62.05 | |
| MACD (12,26,9): | 0.5700 | |
| Directional Movement: | 10.59 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 107.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 107.09 | |
| Elder Ray (13): | 0.51 | |
| Super Trend (3,10): | 105.72 | |
| Zig ZAG (10): | 107.86 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 81.61 | |
| TEMA (21): | 107.92 | |
| Williams %R (14): | -16.48 | |
| Chande Momentum Oscillator (20): | 2.14 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.09 |
| MA7: | 106.50 | |
| MA20: | 104.06 | |
| MA50: | 103.71 | |
| MA100: | 103.21 | |
| MAexp7: | 107.67 | |
| MAexp20: | 107.05 | |
| MAexp50: | 106.14 | |
| MAexp100: | 105.16 | |
| Price / MA7: | +1.44% | |
| Price / MA20: | +3.82% | |
| Price / MA50: | +4.17% | |
| Price / MA100: | +4.67% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.92% | |
| Price / MAexp50: | +1.78% | |
| Price / MAexp100: | +2.73% |
Quotes :
-
15 min delayed data
-
Actions NYSE
News
The last news published on CHESAPEAKE UTILITIES at the time of the generation of this analysis was as follows:
- Chesapeake Utilities Corporation Gains Approval to Establish Energy Efficiency Programs in Delaware
- Chesapeake Utilities Corporation Names Head of Investor Relations
- Chesapeake Utilities to Host its First Quarter 2024 Earnings Conference Call and Webcast on May 9, 2024
- Chesapeake Utilities Corporation Releases 2023 Safety and Reliability Report
- CHESAPEAKE UTILITIES CORPORATION REPORTS FISCAL YEAR 2023 RESULTS