ASOS ORD 3.5P
ASOS ORD 3.5P
- GBX (-)
- 15 min delayed data - London Stock Exchange
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ASC
ISIN: GB0030927254

ASOS ORD 3.5P - Daily - Technical analysis published on 09/30/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 2,470 GBX
My targets
2,145 GBX (-12.02%)
1,785 GBX (-26.78%)
My analysis
There is a bearish trend on ASOS ORD 3.5P both at the basic level and in the short term. A sale could be considered, so long as the price remains below 2,470 GBX. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 2,145 GBX. Then the price could move towards 1,785 GBX. Then 1,142 GBX by extension. Be careful, a return to above the resistance 2,470 GBX would be a sign of a weakening of the trend and a possible rebound 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 is perhaps more risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
5.5

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. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The ASOS ORD 3.5P rating is 2,438 GBX. The price has increased by +1.16% since the last closing with the lowest point at 2,394 GBX and the highest point at 2,439 GBX. The deviation from the price is +1.84% for the low point and -0.04% for the high point.

2,394
2,439
2,438

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ASOS ORD 3.5P:

Technical


Technical analysis of this Daily chart of ASOS ORD 3.5P indicates that the overall trend is bearish. The signals given by moving averages are at 78.57% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily



An assessment of technical indicators shows a slightly bearish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Piercing line

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,142 1,785 2,145 2,438 2,470 2,874 3,334
Change (%) -53.16% -26.78% -12.02% - +1.31% +17.88% +36.75%
Change -1,296 -653 -293 - +32 +436 +896
Level Minor Major Major - Major Intermediate Intermediate



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
Standard2,1642,2372,3232,3962,4832,5552,642
Camarilla2,3662,3812,3952,4102,4252,4392,454
Woodie2,1712,2402,3302,3992,4902,5592,649
Fibonacci2,2522,3072,3402,3942,4492,4822,536


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,9442,1272,2682,4512,5922,7752,916
Camarilla2,3212,3512,3802,4102,4402,4692,499
Woodie1,9242,1172,2482,4412,5722,7652,896
Fibonacci2,4642,5432,5922,6712,7502,7992,878


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,5091,8252,1032,4182,6963,0123,289
Camarilla2,2172,2712,3262,3802,4342,4892,543
Woodie1,4901,8162,0832,4092,6773,0023,270
Fibonacci1,8252,0522,1922,4182,6452,7853,012

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.00
MACD (12,26,9): -3.0000
Directional Movement: -11
AROON (14): -57
DEMA (21): 2,516
Parabolic SAR (0,02-0,02-0,2): 2,685
Elder Ray (13): -87
Super Trend (3,10): 2,732
Zig ZAG (10): 2,425
VORTEX (21): 1.0000
Stochastique (14,3,5): 15.00
TEMA (21): 2,511
Williams %R (14): -77.00
Chande Momentum Oscillator (20): -249
Repulse (5,40,3): -1.0000
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 2.00
MA7: 2,499
MA20: 2,547
MA50: 2,447
MA100: 2,751
MAexp7: 2,481
MAexp20: 2,507
MAexp50: 2,539
MAexp100: 2,730
Price / MA7: -2.44%
Price / MA20: -4.28%
Price / MA50: -0.37%
Price / MA100: -11.38%
Price / MAexp7: -1.73%
Price / MAexp20: -2.75%
Price / MAexp50: -3.98%
Price / MAexp100: -10.70%

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

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