ASOS ORD 3.5P - Daily - Technical analysis published on 09/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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
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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 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.
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:
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:
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:
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:
Piercing line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 2,164 | 2,237 | 2,323 | 2,396 | 2,483 | 2,555 | 2,642 |
Camarilla | 2,366 | 2,381 | 2,395 | 2,410 | 2,425 | 2,439 | 2,454 |
Woodie | 2,171 | 2,240 | 2,330 | 2,399 | 2,490 | 2,559 | 2,649 |
Fibonacci | 2,252 | 2,307 | 2,340 | 2,394 | 2,449 | 2,482 | 2,536 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,944 | 2,127 | 2,268 | 2,451 | 2,592 | 2,775 | 2,916 |
Camarilla | 2,321 | 2,351 | 2,380 | 2,410 | 2,440 | 2,469 | 2,499 |
Woodie | 1,924 | 2,117 | 2,248 | 2,441 | 2,572 | 2,765 | 2,896 |
Fibonacci | 2,464 | 2,543 | 2,592 | 2,671 | 2,750 | 2,799 | 2,878 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,509 | 1,825 | 2,103 | 2,418 | 2,696 | 3,012 | 3,289 |
Camarilla | 2,217 | 2,271 | 2,326 | 2,380 | 2,434 | 2,489 | 2,543 |
Woodie | 1,490 | 1,816 | 2,083 | 2,409 | 2,677 | 3,002 | 3,270 |
Fibonacci | 1,825 | 2,052 | 2,192 | 2,418 | 2,645 | 2,785 | 3,012 |
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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