ALLIANCE TRUST ORD 2.5P - Daily - Technical analysis published on 02/06/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 838 GBX
My targets
891 GBX (+3.60%)
908 GBX (+5.58%)
My analysis
A bullish trend on ALLIANCE TRUST ORD 2.5P both in substance and in the short term. A purchase could be considered as long as the price remains above 838 GBX. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 891 GBX. Then the price could move towards 908 GBX. Be careful, a return below 838 GBX would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
0
10
2.9
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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 ALLIANCE TRUST ORD 2.5P price is 860 GBX. The price registered an increase of +1.42% on the session and was traded between 848 GBX and 862 GBX over the period. The price is currently at +1.42% from its lowest and -0.23% from its highest.848
862
860
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 ALLIANCE TRUST ORD 2.5P:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ALLIANCE TRUST ORD 2.5P chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 785 | 817 | 838 | 860 | 872 |
| Change (%) | -8.72% | -5.00% | -2.56% | - | +1.40% |
| Change | -75 | -43 | -22 | - | +12 |
| Level | Major | Intermediate | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 795 | 809 | 816 | 830 | 837 | 851 | 858 |
| Camarilla | 817 | 819 | 821 | 823 | 825 | 827 | 829 |
| Woodie | 792 | 807 | 813 | 828 | 834 | 849 | 855 |
| Fibonacci | 809 | 817 | 822 | 830 | 838 | 843 | 851 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 826 | 838 | 849 | 861 | 872 | 884 | 895 |
| Camarilla | 853 | 855 | 857 | 859 | 861 | 863 | 865 |
| Woodie | 825 | 838 | 848 | 861 | 871 | 884 | 894 |
| Fibonacci | 838 | 847 | 853 | 861 | 870 | 876 | 884 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 755 | 789 | 806 | 840 | 857 | 891 | 908 |
| Camarilla | 809 | 814 | 818 | 823 | 828 | 832 | 837 |
| Woodie | 747 | 785 | 798 | 836 | 849 | 887 | 900 |
| Fibonacci | 789 | 809 | 821 | 840 | 860 | 872 | 891 |
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): | 44.00 | |
| MACD (12,26,9): | -1.0000 | |
| Directional Movement: | -18 | |
| AROON (14): | -50 | |
| DEMA (21): | 847 | |
| Parabolic SAR (0,02-0,02-0,2): | 863 | |
| Elder Ray (13): | -12 | |
| Super Trend (3,10): | 868 | |
| Zig ZAG (10): | 834 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 8.00 | |
| TEMA (21): | 838 | |
| Williams %R (14): | -78.00 | |
| Chande Momentum Oscillator (20): | -29 | |
| Repulse (5,40,3): | -3.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 4.00 |
| MA7: | 839 | |
| MA20: | 852 | |
| MA50: | 837 | |
| MA100: | 817 | |
| MAexp7: | 839 | |
| MAexp20: | 846 | |
| MAexp50: | 838 | |
| MAexp100: | 824 | |
| Price / MA7: | +2.50% | |
| Price / MA20: | +0.94% | |
| Price / MA50: | +2.75% | |
| Price / MA100: | +5.26% | |
| Price / MAexp7: | +2.50% | |
| Price / MAexp20: | +1.65% | |
| Price / MAexp50: | +2.63% | |
| Price / MAexp100: | +4.37% |
News
Don"t forget to follow the news on ALLIANCE TRUST ORD 2.5P. At the time of publication of this analysis, the latest news was as follows:
- Alliance Trust PLC - Net Asset Value
- Alliance Trust PLC - Net Asset Value
- Alliance Trust PLC - Net Asset Value
- Alliance Trust PLC - Net Asset Value
- Alliance Trust PLC - Net Asset Value
This member declared not having a position on this financial instrument or a related financial instrument.
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