ORD 10P
ORD 10P
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MCRO
ISIN: GB00BJ1F4N75

ORD 10P - Daily - Technical analysis published on 01/03/2020 (GMT)

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  • Timeframe : Daily
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  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bearish
Technical indicators
33%
11%
56%
My opinion
Bearish under 1,170.0 GBX
My targets
1,007.5 GBX (-9.35%)
911.8 GBX (-17.96%)
My analysis
In a bearish trend, the price of MICRO FOCUS INTERNATIONAL ORD 10P tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 1,170.0 GBX. A bearish break in the support located at 1,007.5 GBX would revive the bearish momentum and fuel the basic trend. Then the price could move towards 911.8 GBX. Then 546.5 GBX by extension. It would be safer to wait for a bearish break in the support located at 1,007.5 GBX before allowing yourself to re trade short positions (for sale) on MICRO FOCUS INTERNATIONAL ORD 10P. PS: if there is a bullish break in the resistance located at 1,170.0 GBX we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
0.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay.

Additional analysis

Quotes

The MICRO FOCUS INTERNATIONAL ORD 10P price is 1,111.4 GBX. The price registered an increase of +4.48% on the session with the lowest point at 1,064.8 GBX and the highest point at 1,111.4 GBX. The deviation from the price is +4.38% for the low point and 0% for the high point.

1,064.8
1,111.4
1,111.4

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of MICRO FOCUS INTERNATIONAL ORD 10P in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 10 are neutral and 2 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


MACD indicator is back over 0

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 546.5 911.8 1,007.5 1,111.4 1,170.0 1,426.5 1,744.8
Change (%) -50.83% -17.96% -9.35% - +5.27% +28.35% +56.99%
Change -564.9 -199.6 -103.9 - +58.6 +315.1 +633.4
Level Minor Major Major - Major Minor 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
Standard1,066.81,075.21,086.01,094.41,105.21,113.61,124.4
Camarilla1,091.51,093.31,095.01,096.81,098.61,100.31,102.1
Woodie1,068.01,075.81,087.21,095.01,106.41,114.21,125.6
Fibonacci1,075.21,082.51,087.11,094.41,101.71,106.31,113.6


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard990.01,019.61,044.41,074.01,098.81,128.41,153.2
Camarilla1,054.21,059.21,064.21,069.21,074.21,079.21,084.2
Woodie987.61,018.41,042.01,072.81,096.41,127.21,150.8
Fibonacci1,019.61,040.41,053.21,074.01,094.81,107.61,128.4


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard915.7965.31,049.11,098.71,182.51,232.11,315.9
Camarilla1,096.11,108.31,120.61,132.81,145.01,157.31,169.5
Woodie932.7973.91,066.11,107.31,199.51,240.71,332.9
Fibonacci965.31,016.31,047.81,098.71,149.71,181.21,232.1

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): 47.10
MACD (12,26,9): -1.1000
Directional Movement: 1.9
AROON (14): -21.4
DEMA (21): 1,076.8
Parabolic SAR (0,02-0,02-0,2): 1,025.7
Elder Ray (13): 0.4
Super Trend (3,10): 1,129.3
Zig ZAG (10): 1,063.8
VORTEX (21): 0.9000
Stochastique (14,3,5): 63.30
TEMA (21): 1,079.5
Williams %R (14): -45.60
Chande Momentum Oscillator (20): 56.6
Repulse (5,40,3): -3.6000
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.80
MA7: 1,080.1
MA20: 1,076.7
MA50: 1,071.5
MA100: 1,151.3
MAexp7: 1,078.8
MAexp20: 1,078.5
MAexp50: 1,099.1
MAexp100: 1,202.1
Price / MA7: +2.90%
Price / MA20: +3.22%
Price / MA50: +3.72%
Price / MA100: -3.47%
Price / MAexp7: +3.02%
Price / MAexp20: +3.05%
Price / MAexp50: +1.12%
Price / MAexp100: -7.55%

This member declared not having a position on this financial instrument or a related financial instrument.

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