PLUS500 LTD ORD ILS0.01 (DI) - Daily - Technical analysis published on 01/08/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 830.1 GBX
My targets
989.8 GBX (+10.12%)
1,043.0 GBX (+16.04%)
My analysis
PLUS500 LTD ORD ILS0.01 (DI) is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 830.1 GBX. The next resistance located at 989.8 GBX is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,043.0 GBX. After this resistance, buyers could then target 1,231.0 GBX. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
6.4
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This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PLUS500 LTD ORD ILS0.01 (DI) price is 898.8 GBX. The price registered an increase of +4.54% on the session with the lowest point at 855.8 GBX and the highest point at 903.8 GBX. The deviation from the price is +5.02% for the low point and -0.55% for the high point.855.8
903.8
898.8
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of PLUS500 LTD ORD ILS0.01 (DI) in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 10 are neutral and 3 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
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 | 653.0 | 747.4 | 830.1 | 898.8 | 1,043.0 | 1,231.0 | 1,647.0 |
| Change (%) | -27.35% | -16.84% | -7.64% | - | +16.04% | +36.96% | +83.24% |
| Change | -245.8 | -151.4 | -68.7 | - | +144.2 | +332.2 | +748.2 |
| Level | Intermediate | Major | Major | - | Minor | Minor | Minor |
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 | 822.3 | 836.7 | 844.9 | 859.3 | 867.5 | 881.9 | 890.1 |
| Camarilla | 847.0 | 849.1 | 851.1 | 853.2 | 855.3 | 857.3 | 859.4 |
| Woodie | 819.3 | 835.2 | 841.9 | 857.8 | 864.5 | 880.4 | 887.1 |
| Fibonacci | 836.7 | 845.3 | 850.6 | 859.3 | 867.9 | 873.2 | 881.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 795.0 | 815.7 | 845.7 | 866.4 | 896.4 | 917.1 | 947.1 |
| Camarilla | 861.9 | 866.5 | 871.2 | 875.8 | 880.5 | 885.1 | 889.7 |
| Woodie | 799.8 | 818.0 | 850.5 | 868.7 | 901.2 | 919.4 | 951.9 |
| Fibonacci | 815.7 | 835.0 | 847.0 | 866.4 | 885.7 | 897.7 | 917.1 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 631.2 | 683.4 | 784.4 | 836.6 | 937.6 | 989.8 | 1,090.8 |
| Camarilla | 843.3 | 857.3 | 871.4 | 885.4 | 899.4 | 913.5 | 927.5 |
| Woodie | 655.6 | 695.6 | 808.8 | 848.8 | 962.0 | 1,002.0 | 1,115.2 |
| Fibonacci | 683.4 | 741.9 | 778.1 | 836.6 | 895.1 | 931.3 | 989.8 |
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): | 58.30 | |
| MACD (12,26,9): | 21.1000 | |
| Directional Movement: | -6.6 | |
| AROON (14): | 0 | |
| DEMA (21): | 876.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 888.8 | |
| Elder Ray (13): | 1.5 | |
| Super Trend (3,10): | 799.6 | |
| Zig ZAG (10): | 859.8 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 56.00 | |
| TEMA (21): | 882.6 | |
| Williams %R (14): | -50.30 | |
| Chande Momentum Oscillator (20): | 4.4 | |
| Repulse (5,40,3): | -3.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4000 | |
| Courbe Coppock: | 9.80 |
| MA7: | 871.2 | |
| MA20: | 852.5 | |
| MA50: | 804.5 | |
| MA100: | 775.0 | |
| MAexp7: | 865.1 | |
| MAexp20: | 847.6 | |
| MAexp50: | 813.2 | |
| MAexp100: | 783.8 | |
| Price / MA7: | +3.17% | |
| Price / MA20: | +5.43% | |
| Price / MA50: | +11.72% | |
| Price / MA100: | +15.97% | |
| Price / MAexp7: | +3.90% | |
| Price / MAexp20: | +6.04% | |
| Price / MAexp50: | +10.53% | |
| Price / MAexp100: | +14.67% |
This member declared not having a position on this financial instrument or a related financial instrument.
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