DERWENT LONDON ORD 5P - Daily - Technical analysis published on 10/23/2019 (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
67%
6%
28%
My opinion
Bullish above 3,328 GBX
My targets
3,880 GBX (+6.77%)
My analysis
The bullish trend is currently very strong on DERWENT LONDON ORD 5P. As long as the price remains above the support at 3,328 GBX, you could try to benefit from the boom. The first bullish objective is located at 3,880 GBX. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
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
The DERWENT LONDON ORD 5P price is 3,634 GBX. On the day, this instrument lost -0.11% and was traded between 3,590 GBX and 3,644 GBX over the period. The price is currently at +1.23% from its lowest and -0.27% from its highest.3,590
3,644
3,634
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DERWENT LONDON ORD 5P chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 3,197 | 3,290 | 3,328 | 3,634 | 3,880 |
| Change (%) | -12.03% | -9.47% | -8.42% | - | +6.77% |
| Change | -437 | -344 | -306 | - | +246 |
| Level | Minor | Major | Major | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,560 | 3,598 | 3,618 | 3,656 | 3,676 | 3,714 | 3,734 |
| Camarilla | 3,622 | 3,627 | 3,633 | 3,638 | 3,643 | 3,649 | 3,654 |
| Woodie | 3,551 | 3,594 | 3,609 | 3,652 | 3,667 | 3,710 | 3,725 |
| Fibonacci | 3,598 | 3,620 | 3,634 | 3,656 | 3,678 | 3,692 | 3,714 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,100 | 3,222 | 3,422 | 3,544 | 3,744 | 3,866 | 4,066 |
| Camarilla | 3,533 | 3,563 | 3,593 | 3,622 | 3,652 | 3,681 | 3,711 |
| Woodie | 3,139 | 3,242 | 3,461 | 3,564 | 3,783 | 3,886 | 4,105 |
| Fibonacci | 3,222 | 3,345 | 3,421 | 3,544 | 3,667 | 3,743 | 3,866 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,802 | 2,922 | 3,146 | 3,266 | 3,490 | 3,610 | 3,834 |
| Camarilla | 3,275 | 3,307 | 3,338 | 3,370 | 3,402 | 3,433 | 3,465 |
| Woodie | 2,854 | 2,948 | 3,198 | 3,292 | 3,542 | 3,636 | 3,886 |
| Fibonacci | 2,922 | 3,053 | 3,134 | 3,266 | 3,397 | 3,479 | 3,610 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 74.00 | |
| MACD (12,26,9): | 118.0000 | |
| Directional Movement: | 26 | |
| AROON (14): | 57 | |
| DEMA (21): | 3,592 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,332 | |
| Elder Ray (13): | 106 | |
| Super Trend (3,10): | 3,385 | |
| Zig ZAG (10): | 3,634 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 90.00 | |
| TEMA (21): | 3,648 | |
| Williams %R (14): | -12.00 | |
| Chande Momentum Oscillator (20): | 356 | |
| Repulse (5,40,3): | 3.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 18.00 |
| MA7: | 3,606 | |
| MA20: | 3,418 | |
| MA50: | 3,245 | |
| MA100: | 3,154 | |
| MAexp7: | 3,584 | |
| MAexp20: | 3,446 | |
| MAexp50: | 3,297 | |
| MAexp100: | 3,210 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +6.32% | |
| Price / MA50: | +11.99% | |
| Price / MA100: | +15.22% | |
| Price / MAexp7: | +1.40% | |
| Price / MAexp20: | +5.46% | |
| Price / MAexp50: | +10.22% | |
| Price / MAexp100: | +13.21% |
News
The last news published on DERWENT LONDON ORD 5P at the time of the generation of this analysis was as follows:
Derwent LondonThis member declared not having a position on this financial instrument or a related financial instrument.
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