SSP GRP. ORD 1 17/200P - Daily - Technical analysis published on 10/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 641 GBX
My targets
617 GBX (-2.83%)
608 GBX (-4.25%)
My analysis
The bearish trend is currently very strong for SSP GRP. ORD 1 17/200P. As long as the price remains below the resistance at 641 GBX, you could try to take advantage of the bearish rally. The first bearish objective is located at 617 GBX. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 608 GBX as an objective. Crossing it would then enable sellers to target 500 GBX. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.9
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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
SSP GRP. ORD 1 17/200P rating 635 GBX. The price registered an increase of +4.10% on the session and was traded between 609 GBX and 638 GBX over the period. The price is currently at +4.27% from its lowest and -0.47% from its highest.609
638
635
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
Here is a more detailed summary of the historical variations registered by SSP GRP. ORD 1 17/200P:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SSP GRP. ORD 1 17/200P indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
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 | 500 | 608 | 617 | 635 | 641 | 656 | 683 |
| Change (%) | -21.26% | -4.25% | -2.83% | - | +0.94% | +3.31% | +7.56% |
| Change | -135 | -27 | -18 | - | +6 | +21 | +48 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Major |
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 | 591 | 597 | 604 | 610 | 617 | 623 | 630 |
| Camarilla | 606 | 608 | 609 | 610 | 611 | 612 | 614 |
| Woodie | 591 | 597 | 604 | 610 | 617 | 623 | 630 |
| Fibonacci | 597 | 602 | 605 | 610 | 615 | 618 | 623 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 569 | 586 | 601 | 618 | 633 | 650 | 665 |
| Camarilla | 608 | 611 | 614 | 617 | 620 | 623 | 626 |
| Woodie | 569 | 586 | 601 | 618 | 633 | 650 | 665 |
| Fibonacci | 586 | 598 | 605 | 618 | 630 | 637 | 650 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 457 | 531 | 576 | 650 | 695 | 769 | 814 |
| Camarilla | 587 | 598 | 609 | 620 | 631 | 642 | 653 |
| Woodie | 442 | 524 | 561 | 643 | 680 | 762 | 799 |
| Fibonacci | 531 | 577 | 605 | 650 | 696 | 724 | 769 |
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): | 46.00 | |
| MACD (12,26,9): | -19.0000 | |
| Directional Movement: | -14 | |
| AROON (14): | -50 | |
| DEMA (21): | 611 | |
| Parabolic SAR (0,02-0,02-0,2): | 602 | |
| Elder Ray (13): | -4 | |
| Super Trend (3,10): | 657 | |
| Zig ZAG (10): | 635 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 22.00 | |
| TEMA (21): | 605 | |
| Williams %R (14): | -53.00 | |
| Chande Momentum Oscillator (20): | -30 | |
| Repulse (5,40,3): | 3.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 15.00 |
| MA7: | 613 | |
| MA20: | 638 | |
| MA50: | 675 | |
| MA100: | 676 | |
| MAexp7: | 616 | |
| MAexp20: | 636 | |
| MAexp50: | 660 | |
| MAexp100: | 668 | |
| Price / MA7: | +3.59% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -5.93% | |
| Price / MA100: | -6.07% | |
| Price / MAexp7: | +3.08% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -3.79% | |
| Price / MAexp100: | -4.94% |
News
Don"t forget to follow the news on SSP GRP. ORD 1 17/200P. At the time of publication of this analysis, the latest news was as follows:
- Sermsang Power (SET:SSP) on Course to Become Asia's Leading Energy Firm
-
SSP Group
-
SSP Group
-
SSP Group
This member declared not having a position on this financial instrument or a related financial instrument.
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