RESTAURANT GRP. ORD 28 1/8P - Daily - Technical analysis published on 02/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
RESTAURANT GRP. ORD 28 1/8P Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 132.9 GBX
My targets
122.8 GBX (-4.44%)
111.6 GBX (-13.15%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RESTAURANT GRP. ORD 28 1/8P. As long as you are under the resistance located at 132.9 GBX, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 122.8 GBX would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 111.6 GBX as an objective. If the resistance 132.9 GBX were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
2.5
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The RESTAURANT GRP. ORD 28 1/8P rating is 128.5 GBX. The price registered a decrease of -0.77% on the session and was traded between 126.7 GBX and 135.2 GBX over the period. The price is currently at +1.42% from its lowest and -4.96% from its highest.126.7
135.2
128.5
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this RESTAURANT GRP. ORD 28 1/8P chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 111.6 | 122.8 | 127.2 | 128.5 | 132.9 | 139.9 | 154.2 |
| Change (%) | -13.15% | -4.44% | -1.01% | - | +3.42% | +8.87% | +20.00% |
| Change | -16.9 | -5.7 | -1.3 | - | +4.4 | +11.4 | +25.7 |
| Level | Major | Major | Major | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.1 | 123.0 | 126.6 | 131.5 | 135.1 | 140.0 | 143.6 |
| Camarilla | 128.0 | 128.7 | 129.5 | 130.3 | 131.1 | 131.9 | 132.6 |
| Woodie | 117.6 | 122.7 | 126.1 | 131.2 | 134.6 | 139.7 | 143.1 |
| Fibonacci | 123.0 | 126.2 | 128.2 | 131.5 | 134.7 | 136.7 | 140.0 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.5 | 116.0 | 119.4 | 124.9 | 128.3 | 133.9 | 137.2 |
| Camarilla | 120.3 | 121.1 | 121.9 | 122.7 | 123.5 | 124.3 | 125.2 |
| Woodie | 109.3 | 115.5 | 118.2 | 124.4 | 127.2 | 133.3 | 136.1 |
| Fibonacci | 116.0 | 119.4 | 121.5 | 124.9 | 128.3 | 130.4 | 133.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.1 | 100.6 | 114.8 | 141.3 | 155.5 | 182.0 | 196.2 |
| Camarilla | 117.9 | 121.6 | 125.4 | 129.1 | 132.8 | 136.6 | 140.3 |
| Woodie | 68.1 | 97.5 | 108.8 | 138.2 | 149.5 | 178.9 | 190.2 |
| Fibonacci | 100.6 | 116.1 | 125.7 | 141.3 | 156.8 | 166.4 | 182.0 |
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): | 50.70 | |
| MACD (12,26,9): | -3.6000 | |
| Directional Movement: | 2.8 | |
| AROON (14): | 21.5 | |
| DEMA (21): | 125.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 121.4 | |
| Elder Ray (13): | 3.4 | |
| Super Trend (3,10): | 138.9 | |
| Zig ZAG (10): | 133.2 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 65.50 | |
| TEMA (21): | 125.5 | |
| Williams %R (14): | -20.40 | |
| Chande Momentum Oscillator (20): | 7.4 | |
| Repulse (5,40,3): | -0.6000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6000 | |
| Courbe Coppock: | 3.50 |
| MA7: | 128.6 | |
| MA20: | 128.5 | |
| MA50: | 143.3 | |
| MA100: | 141.6 | |
| MAexp7: | 129.2 | |
| MAexp20: | 130.9 | |
| MAexp50: | 137.3 | |
| MAexp100: | 139.7 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -0% | |
| Price / MA50: | -10.33% | |
| Price / MA100: | -9.25% | |
| Price / MAexp7: | -0.54% | |
| Price / MAexp20: | -1.83% | |
| Price / MAexp50: | -6.41% | |
| Price / MAexp100: | -8.02% |
This member declared not having a position on this financial instrument or a related financial instrument.
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