GB GRP. ORD 2.5P - Daily - Technical analysis published on 10/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 538 GBX
My targets
515 GBX (-3.20%)
465 GBX (-12.63%)
My analysis
The bearish trend is currently very strong for GB GRP. ORD 2.5P. As long as the price remains below the resistance at 538 GBX, you could try to take advantage of the bearish rally. The first bearish objective is located at 515 GBX. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 465 GBX as an objective. Crossing it would then enable sellers to target 410 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
6.8
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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
GB GRP. ORD 2.5P rating 532 GBX. On the day, this instrument lost -3.27% with the lowest point at 530 GBX and the highest point at 552 GBX. The deviation from the price is +0.38% for the low point and -3.62% for the high point.530
552
532
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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
A technical analysis in Daily of this GB GRP. ORD 2.5P chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 410 | 465 | 515 | 532 | 538 | 570 | 588 |
| Change (%) | -22.93% | -12.63% | -3.20% | - | +1.13% | +7.16% | +10.49% |
| Change | -122 | -67 | -17 | - | +6 | +38 | +56 |
| Level | Major | Minor | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 516 | 523 | 537 | 544 | 558 | 565 | 579 |
| Camarilla | 544 | 546 | 548 | 550 | 552 | 554 | 556 |
| Woodie | 519 | 525 | 540 | 546 | 561 | 567 | 582 |
| Fibonacci | 523 | 531 | 536 | 544 | 552 | 557 | 565 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 500 | 517 | 532 | 549 | 564 | 581 | 596 |
| Camarilla | 538 | 541 | 544 | 547 | 550 | 553 | 556 |
| Woodie | 499 | 517 | 531 | 549 | 563 | 581 | 595 |
| Fibonacci | 517 | 529 | 537 | 549 | 561 | 569 | 581 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 458 | 494 | 518 | 554 | 578 | 614 | 638 |
| Camarilla | 526 | 531 | 537 | 542 | 548 | 553 | 559 |
| Woodie | 452 | 491 | 512 | 551 | 572 | 611 | 632 |
| Fibonacci | 494 | 517 | 531 | 554 | 577 | 591 | 614 |
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): | 38.00 | |
| MACD (12,26,9): | -7.0000 | |
| Directional Movement: | -10 | |
| AROON (14): | -57 | |
| DEMA (21): | 544 | |
| Parabolic SAR (0,02-0,02-0,2): | 577 | |
| Elder Ray (13): | -7 | |
| Super Trend (3,10): | 586 | |
| Zig ZAG (10): | 532 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 21.00 | |
| TEMA (21): | 540 | |
| Williams %R (14): | -96.00 | |
| Chande Momentum Oscillator (20): | -23 | |
| Repulse (5,40,3): | -3.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 4.00 |
| MA7: | 544 | |
| MA20: | 553 | |
| MA50: | 567 | |
| MA100: | 567 | |
| MAexp7: | 544 | |
| MAexp20: | 552 | |
| MAexp50: | 559 | |
| MAexp100: | 557 | |
| Price / MA7: | -2.21% | |
| Price / MA20: | -3.80% | |
| Price / MA50: | -6.17% | |
| Price / MA100: | -6.17% | |
| Price / MAexp7: | -2.21% | |
| Price / MAexp20: | -3.62% | |
| Price / MAexp50: | -4.83% | |
| Price / MAexp100: | -4.49% |
This member declared not having a position on this financial instrument or a related financial instrument.
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