DIAGEO PLC - Daily - Technical analysis published on 11/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 160.82 USD
My targets
164.92 USD (+0.52%)
168.74 USD (+2.85%)
My analysis
The strong short-term increase for DIAGEO PLC reinforces the current slightly bullish trend. As long as the price remains above 160.82 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 164.92 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 168.74 USD as an objective. Crossing it would then enable buyers to target 170.86 USD. A return to 160.82 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
5.2
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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DIAGEO PLC price is 164.07 USD. The price has increased by +0.18% since the last closing and was between 163.55 USD and 164.46 USD. This implies that the price is at +0.32% from its lowest and at -0.24% from its highest.163.55
164.46
164.07
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of DIAGEO PLC in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 3
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bullish reversal
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 154.78 | 158.14 | 160.82 | 164.07 | 164.92 | 168.74 | 170.86 |
| Change (%) | -5.66% | -3.61% | -1.98% | - | +0.52% | +2.85% | +4.14% |
| Change | -9.29 | -5.93 | -3.25 | - | +0.85 | +4.67 | +6.79 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
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 | 162.08 | 162.70 | 163.24 | 163.87 | 164.41 | 165.03 | 165.57 |
| Camarilla | 163.46 | 163.57 | 163.67 | 163.78 | 163.89 | 163.99 | 164.10 |
| Woodie | 162.03 | 162.68 | 163.20 | 163.84 | 164.36 | 165.01 | 165.53 |
| Fibonacci | 162.70 | 163.15 | 163.42 | 163.87 | 164.31 | 164.59 | 165.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 156.96 | 158.24 | 159.13 | 160.41 | 161.30 | 162.58 | 163.47 |
| Camarilla | 159.43 | 159.63 | 159.83 | 160.03 | 160.23 | 160.43 | 160.63 |
| Woodie | 156.78 | 158.14 | 158.95 | 160.31 | 161.12 | 162.48 | 163.29 |
| Fibonacci | 158.24 | 159.07 | 159.58 | 160.41 | 161.24 | 161.75 | 162.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.26 | 155.03 | 159.45 | 162.23 | 166.65 | 169.43 | 173.84 |
| Camarilla | 161.89 | 162.55 | 163.21 | 163.87 | 164.53 | 165.19 | 165.85 |
| Woodie | 153.08 | 155.44 | 160.27 | 162.64 | 167.47 | 169.84 | 174.66 |
| Fibonacci | 155.03 | 157.78 | 159.48 | 162.23 | 164.98 | 166.68 | 169.43 |
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): | 59.72 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 8.48 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 161.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 157.71 | |
| Elder Ray (13): | 2.40 | |
| Super Trend (3,10): | 159.19 | |
| Zig ZAG (10): | 164.07 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 91.88 | |
| TEMA (21): | 162.25 | |
| Williams %R (14): | -5.85 | |
| Chande Momentum Oscillator (20): | 4.28 | |
| Repulse (5,40,3): | -0.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.90 |
| MA7: | 161.87 | |
| MA20: | 160.99 | |
| MA50: | 161.68 | |
| MA100: | 164.12 | |
| MAexp7: | 162.25 | |
| MAexp20: | 161.43 | |
| MAexp50: | 162.14 | |
| MAexp100: | 162.89 | |
| Price / MA7: | +1.36% | |
| Price / MA20: | +1.91% | |
| Price / MA50: | +1.48% | |
| Price / MA100: | -0.03% | |
| Price / MAexp7: | +1.12% | |
| Price / MAexp20: | +1.64% | |
| Price / MAexp50: | +1.19% | |
| Price / MAexp100: | +0.72% |
News
Don"t forget to follow the news on DIAGEO PLC. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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