MITCHELLS & BUTLERS ORD 8 13/24P - Daily - Technical analysis published on 12/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 431.7 GBX
My targets
470.5 GBX (+2.17%)
491.3 GBX (+6.69%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MITCHELLS & BUTLERS ORD 8 13/24P as long as the price remains well above 431.7 GBX. The buyers” bullish objective is set at 470.5 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 491.3 GBX. If there is any crossing, the next objective would be the resistance located at 898.0 GBX. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7.5
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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 MITCHELLS & BUTLERS ORD 8 13/24P rating is 460.5 GBX. The price has increased by +0.44% since the last closing and was between 456.0 GBX and 465.0 GBX. This implies that the price is at +0.99% from its lowest and at -0.97% from its highest.456.0
465.0
460.5
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MITCHELLS & BUTLERS ORD 8 13/24P chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 282.5 | 361.0 | 431.7 | 460.5 | 470.5 | 491.3 | 898.0 |
| Change (%) | -38.65% | -21.61% | -6.25% | - | +2.17% | +6.69% | +95.01% |
| Change | -178.0 | -99.5 | -28.8 | - | +10.0 | +30.8 | +437.5 |
| Level | Major | Major | Major | - | Major | Minor | 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 | 437.2 | 440.8 | 446.2 | 449.8 | 455.2 | 458.8 | 464.2 |
| Camarilla | 449.0 | 449.9 | 450.7 | 451.5 | 452.3 | 453.2 | 454.0 |
| Woodie | 438.0 | 441.3 | 447.0 | 450.3 | 456.0 | 459.3 | 465.0 |
| Fibonacci | 440.8 | 444.3 | 446.4 | 449.8 | 453.3 | 455.4 | 458.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 400.8 | 414.7 | 440.3 | 454.2 | 479.8 | 493.7 | 519.3 |
| Camarilla | 455.1 | 458.8 | 462.4 | 466.0 | 469.6 | 473.2 | 476.9 |
| Woodie | 406.8 | 417.6 | 446.3 | 457.1 | 485.8 | 496.6 | 525.3 |
| Fibonacci | 414.7 | 429.8 | 439.1 | 454.2 | 469.3 | 478.6 | 493.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 356.2 | 388.3 | 418.7 | 450.8 | 481.2 | 513.3 | 543.7 |
| Camarilla | 431.8 | 437.5 | 443.3 | 449.0 | 454.7 | 460.5 | 466.2 |
| Woodie | 355.3 | 387.9 | 417.8 | 450.4 | 480.3 | 512.9 | 542.8 |
| Fibonacci | 388.3 | 412.2 | 427.0 | 450.8 | 474.7 | 489.5 | 513.3 |
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): | 55.70 | |
| MACD (12,26,9): | 3.2000 | |
| Directional Movement: | 15.9 | |
| AROON (14): | 7.1 | |
| DEMA (21): | 450.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 432.3 | |
| Elder Ray (13): | 7.9 | |
| Super Trend (3,10): | 425.1 | |
| Zig ZAG (10): | 454.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 57.80 | |
| TEMA (21): | 446.6 | |
| Williams %R (14): | -35.40 | |
| Chande Momentum Oscillator (20): | 15.5 | |
| Repulse (5,40,3): | 1.8000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 450.6 | |
| MA20: | 446.5 | |
| MA50: | 438.7 | |
| MA100: | 397.6 | |
| MAexp7: | 448.6 | |
| MAexp20: | 445.6 | |
| MAexp50: | 431.9 | |
| MAexp100: | 401.7 | |
| Price / MA7: | +2.20% | |
| Price / MA20: | +3.14% | |
| Price / MA50: | +4.97% | |
| Price / MA100: | +15.82% | |
| Price / MAexp7: | +2.65% | |
| Price / MAexp20: | +3.34% | |
| Price / MAexp50: | +6.62% | |
| Price / MAexp100: | +14.64% |
This member declared not having a position on this financial instrument or a related financial instrument.
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