PHOENIX GRP. HOLDINGS ORD 10P - Daily - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 703.1 GBX
My targets
725.0 GBX (+0.86%)
759.9 GBX (+5.72%)
My analysis
PHOENIX GRP. HOLDINGS ORD 10P 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 703.1 GBX. The next resistance located at 725.0 GBX 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 759.9 GBX. After this resistance, buyers could then target 815.0 GBX. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.4
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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 PHOENIX GRP. HOLDINGS ORD 10P rating is 718.8 GBX. The price has increased by +1.03% since the last closing and was between 711.2 GBX and 738.2 GBX. This implies that the price is at +1.07% from its lowest and at -2.63% from its highest.711.2
738.2
718.8
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PHOENIX GRP. HOLDINGS ORD 10P chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 669.9 | 694.9 | 703.1 | 718.8 | 725.0 | 759.9 | 815.0 |
| Change (%) | -6.80% | -3.32% | -2.18% | - | +0.86% | +5.72% | +13.38% |
| Change | -48.9 | -23.9 | -15.7 | - | +6.2 | +41.1 | +96.2 |
| Level | Major | Major | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 690.8 | 698.4 | 704.9 | 712.5 | 719.0 | 726.6 | 733.1 |
| Camarilla | 707.6 | 708.9 | 710.2 | 711.5 | 712.8 | 714.1 | 715.4 |
| Woodie | 690.4 | 698.1 | 704.5 | 712.2 | 718.6 | 726.3 | 732.7 |
| Fibonacci | 698.4 | 703.8 | 707.1 | 712.5 | 717.9 | 721.2 | 726.6 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 623.5 | 639.7 | 672.1 | 688.3 | 720.7 | 736.9 | 769.3 |
| Camarilla | 691.1 | 695.6 | 700.1 | 704.5 | 709.0 | 713.4 | 717.9 |
| Woodie | 631.6 | 643.8 | 680.2 | 692.4 | 728.8 | 741.0 | 777.4 |
| Fibonacci | 639.7 | 658.3 | 669.7 | 688.3 | 706.9 | 718.3 | 736.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 567.9 | 597.8 | 644.6 | 674.5 | 721.3 | 751.2 | 798.0 |
| Camarilla | 670.2 | 677.2 | 684.3 | 691.3 | 698.3 | 705.4 | 712.4 |
| Woodie | 576.3 | 602.0 | 653.0 | 678.7 | 729.7 | 755.4 | 806.4 |
| Fibonacci | 597.8 | 627.1 | 645.2 | 674.5 | 703.8 | 721.9 | 751.2 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 63.60 | |
| MACD (12,26,9): | 9.8000 | |
| Directional Movement: | 23.7 | |
| AROON (14): | 71.4 | |
| DEMA (21): | 697.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 661.0 | |
| Elder Ray (13): | 32.8 | |
| Super Trend (3,10): | 670.7 | |
| Zig ZAG (10): | 718.8 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 84.00 | |
| TEMA (21): | 704.0 | |
| Williams %R (14): | -21.80 | |
| Chande Momentum Oscillator (20): | 32.7 | |
| Repulse (5,40,3): | 0.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 4.50 |
| MA7: | 696.6 | |
| MA20: | 683.0 | |
| MA50: | 669.4 | |
| MA100: | 671.9 | |
| MAexp7: | 701.3 | |
| MAexp20: | 686.3 | |
| MAexp50: | 676.7 | |
| MAexp100: | 669.2 | |
| Price / MA7: | +3.19% | |
| Price / MA20: | +5.24% | |
| Price / MA50: | +7.38% | |
| Price / MA100: | +6.98% | |
| Price / MAexp7: | +2.50% | |
| Price / MAexp20: | +4.74% | |
| Price / MAexp50: | +6.22% | |
| Price / MAexp100: | +7.41% |
This member declared not having a position on this financial instrument or a related financial instrument.
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