CENTAMIN ORD NPV (DI) - Daily - Technical analysis published on 01/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 118.36 GBX
My targets
131.80 GBX (+2.49%)
141.55 GBX (+10.07%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CENTAMIN ORD NPV (DI). This is a positive signal for buyers. As long as the price remains above 118.36 GBX, a purchase could be considered. The first bullish objective is located at 131.80 GBX. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 141.55 GBX as an objective. Crossing it would then enable buyers to target 152.35 GBX. In the event of a return below 118.36 GBX, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.1
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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 CENTAMIN ORD NPV (DI) price is 128.60 GBX. On the day, this instrument gained +0.94% and was traded between 127.00 GBX and 129.00 GBX over the period. The price is currently at +1.26% from its lowest and -0.31% from its highest.127.00
129.00
128.60
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CENTAMIN ORD NPV (DI) in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed 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 over resistance 1
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
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 | 95.55 | 107.30 | 118.36 | 128.60 | 131.80 | 141.55 | 152.35 |
| Change (%) | -25.70% | -16.56% | -7.96% | - | +2.49% | +10.07% | +18.47% |
| Change | -33.05 | -21.30 | -10.24 | - | +3.20 | +12.95 | +23.75 |
| Level | Intermediate | Major | Major | - | Major | Minor | 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 | 125.40 | 126.35 | 127.45 | 128.40 | 129.50 | 130.45 | 131.55 |
| Camarilla | 127.99 | 128.17 | 128.36 | 128.55 | 128.74 | 128.93 | 129.11 |
| Woodie | 125.48 | 126.39 | 127.53 | 128.44 | 129.58 | 130.49 | 131.63 |
| Fibonacci | 126.35 | 127.13 | 127.62 | 128.40 | 129.18 | 129.67 | 130.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.40 | 118.25 | 121.90 | 124.75 | 128.40 | 131.25 | 134.90 |
| Camarilla | 123.76 | 124.36 | 124.95 | 125.55 | 126.15 | 126.74 | 127.34 |
| Woodie | 115.80 | 118.45 | 122.30 | 124.95 | 128.80 | 131.45 | 135.30 |
| Fibonacci | 118.25 | 120.73 | 122.27 | 124.75 | 127.23 | 128.77 | 131.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.30 | 100.60 | 113.45 | 121.75 | 134.60 | 142.90 | 155.75 |
| Camarilla | 120.48 | 122.42 | 124.36 | 126.30 | 128.24 | 130.18 | 132.12 |
| Woodie | 94.58 | 101.74 | 115.73 | 122.89 | 136.88 | 144.04 | 158.03 |
| Fibonacci | 100.60 | 108.68 | 113.67 | 121.75 | 129.83 | 134.82 | 142.90 |
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): | 60.82 | |
| MACD (12,26,9): | 2.4400 | |
| Directional Movement: | 5.67 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 127.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 115.30 | |
| Elder Ray (13): | 3.06 | |
| Super Trend (3,10): | 114.77 | |
| Zig ZAG (10): | 130.00 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 84.62 | |
| TEMA (21): | 128.54 | |
| Williams %R (14): | -9.54 | |
| Chande Momentum Oscillator (20): | 7.15 | |
| Repulse (5,40,3): | 5.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 8.46 |
| MA7: | 125.84 | |
| MA20: | 123.88 | |
| MA50: | 119.36 | |
| MA100: | 120.85 | |
| MAexp7: | 127.27 | |
| MAexp20: | 124.37 | |
| MAexp50: | 121.53 | |
| MAexp100: | 120.08 | |
| Price / MA7: | +2.19% | |
| Price / MA20: | +3.81% | |
| Price / MA50: | +7.74% | |
| Price / MA100: | +6.41% | |
| Price / MAexp7: | +1.05% | |
| Price / MAexp20: | +3.40% | |
| Price / MAexp50: | +5.82% | |
| Price / MAexp100: | +7.10% |
News
Don"t forget to follow the news on CENTAMIN ORD NPV (DI). At the time of publication of this analysis, the latest news was as follows:
- HSBC BANK PLC - Form 8.5 (EPT/RI) - Centamin plc
- HSBC BANK PLC - Form 8.5 (EPT/RI) - Centamin plc
- Centamin Corporate Update And Dividend Declaration
- Form 8.3 - The Vanguard Group, Inc.: Centamin plc
- Investec Asset Management Limited - Form 8.3 - Centamin Plc
This member declared not having a position on this financial instrument or a related financial instrument.
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