ACACIA MINING ORD 10P - Daily - Technical analysis published on 06/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
ACACIA MINING ORD 10P Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
56%
17%
28%
My opinion
Bullish above 157.0 GBX
My targets
175.6 GBX (+3.84%)
202.6 GBX (+19.81%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ACACIA MINING ORD 10P as long as the price remains well above 157.0 GBX. The buyers” bullish objective is set at 175.6 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 202.6 GBX. If there is any crossing, the next objective would be the resistance located at 257.7 GBX. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 175.6 GBX. On this resistance, against the trend traders who would like to go short on ACACIA MINING ORD 10P with a bearish signal from their trading strategy, should not hesitate to act.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay.
Additional analysis
Quotes
ACACIA MINING ORD 10P rating 169.1 GBX. The price is lower by -2.25% since the last closing with the lowest point at 169.0 GBX and the highest point at 177.7 GBX. The deviation from the price is +0.06% for the low point and -4.84% for the high point.169.0
177.7
169.1
Here is a more detailed summary of the historical variations registered by ACACIA MINING ORD 10P:
Technical
A technical analysis in Daily of this ACACIA MINING ORD 10P chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 125.2 | 140.0 | 157.0 | 169.1 | 175.6 | 202.6 | 257.7 |
| Change (%) | -25.96% | -17.21% | -7.16% | - | +3.84% | +19.81% | +52.40% |
| Change | -43.9 | -29.1 | -12.1 | - | +6.5 | +33.5 | +88.6 |
| Level | Minor | Major | Major | - | Intermediate | 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 | 164.3 | 167.4 | 170.2 | 173.3 | 176.1 | 179.2 | 182.0 |
| Camarilla | 171.4 | 171.9 | 172.5 | 173.0 | 173.5 | 174.1 | 174.6 |
| Woodie | 164.1 | 167.3 | 170.1 | 173.2 | 175.9 | 179.1 | 181.9 |
| Fibonacci | 167.4 | 169.7 | 171.0 | 173.3 | 175.6 | 176.9 | 179.2 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.6 | 158.4 | 164.3 | 170.1 | 176.0 | 181.8 | 187.6 |
| Camarilla | 166.9 | 168.0 | 169.0 | 170.1 | 171.2 | 172.2 | 173.3 |
| Woodie | 152.6 | 158.4 | 164.3 | 170.1 | 175.9 | 181.8 | 187.6 |
| Fibonacci | 158.4 | 162.9 | 165.7 | 170.1 | 174.6 | 177.3 | 181.8 |
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): | 55.40 | |
| MACD (12,26,9): | 3.0000 | |
| Directional Movement: | 5.3 | |
| AROON (14): | 92.9 | |
| DEMA (21): | 168.8 | |
| Parabolic SAR (0,02-0,02-0,2): | 166.0 | |
| Elder Ray (13): | 5.7 | |
| Super Trend (3,10): | 151.7 | |
| Zig ZAG (10): | 169.1 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 77.50 | |
| TEMA (21): | 174.3 | |
| Williams %R (14): | -31.90 | |
| Chande Momentum Oscillator (20): | 8.1 | |
| Repulse (5,40,3): | -7.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 15.80 |
| MA7: | 170.0 | |
| MA20: | 164.5 | |
| MA50: | 162.5 | |
| MA100: | 183.5 | |
| MAexp7: | 169.8 | |
| MAexp20: | 165.7 | |
| MAexp50: | 167.6 | |
| MAexp100: | 172.7 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | +2.80% | |
| Price / MA50: | +4.06% | |
| Price / MA100: | -7.85% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | +2.05% | |
| Price / MAexp50: | +0.89% | |
| Price / MAexp100: | -2.08% |
News
The latest news and videos published on ACACIA MINING ORD 10P at the time of the analysis were as follows:
- ACACIA MINING PLC - Statement re announcement from Barrick
- ACACIA MINING PLC - Statement re announcement from Barrick
- ACACIA MINING PLC - Statement re announcement from Barrick
- ACACIA MINING PLC - Extension of PUSU Deadline
- Dimensional Fund Advisors Ltd. : Form 8.3 - Acacia Mining plc - Ordinary shares
This member declared not having a position on this financial instrument or a related financial instrument.
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