FINSBURY GROWTH & INCOME TRUST ORD 25P - Daily - Technical analysis published on 12/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 889 GBX
My targets
854 GBX (-2.06%)
823 GBX (-5.62%)
My analysis
The bearish trend is currently very strong for FINSBURY GROWTH & INCOME TRUST ORD 25P. As long as the price remains below the resistance at 889 GBX, you could try to take advantage of the bearish rally. The first bearish objective is located at 854 GBX. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 823 GBX as an objective. Crossing it would then enable sellers to target 796 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
7
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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 FINSBURY GROWTH & INCOME TRUST ORD 25P price is 872 GBX. The price is lower by -0.80% since the last closing with the lowest point at 866 GBX and the highest point at 881 GBX. The deviation from the price is +0.69% for the low point and -1.02% for the high point.866
881
872
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FINSBURY GROWTH & INCOME TRUST ORD 25P:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of FINSBURY GROWTH & INCOME TRUST ORD 25P indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
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 triangle 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 | 823 | 854 | 871 | 872 | 889 | 906 | 939 |
| Change (%) | -5.62% | -2.06% | -0.11% | - | +1.95% | +3.90% | +7.68% |
| Change | -49 | -18 | -1 | - | +17 | +34 | +67 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 853 | 866 | 872 | 885 | 891 | 904 | 910 |
| Camarilla | 874 | 876 | 877 | 879 | 881 | 883 | 884 |
| Woodie | 851 | 864 | 870 | 883 | 889 | 902 | 908 |
| Fibonacci | 866 | 873 | 877 | 885 | 892 | 896 | 904 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 858 | 869 | 881 | 892 | 904 | 915 | 927 |
| Camarilla | 888 | 890 | 892 | 894 | 896 | 898 | 900 |
| Woodie | 860 | 869 | 883 | 892 | 906 | 915 | 929 |
| Fibonacci | 869 | 878 | 883 | 892 | 901 | 906 | 915 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 842 | 855 | 875 | 888 | 908 | 921 | 941 |
| Camarilla | 885 | 888 | 891 | 894 | 897 | 900 | 903 |
| Woodie | 845 | 857 | 878 | 890 | 911 | 923 | 944 |
| Fibonacci | 855 | 868 | 876 | 888 | 901 | 909 | 921 |
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): | 39.00 | |
| MACD (12,26,9): | -1.0000 | |
| Directional Movement: | -15 | |
| AROON (14): | -29 | |
| DEMA (21): | 884 | |
| Parabolic SAR (0,02-0,02-0,2): | 902 | |
| Elder Ray (13): | -13 | |
| Super Trend (3,10): | 871 | |
| Zig ZAG (10): | 872 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 41.00 | |
| TEMA (21): | 886 | |
| Williams %R (14): | -83.00 | |
| Chande Momentum Oscillator (20): | -15 | |
| Repulse (5,40,3): | -3.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 890 | |
| MA20: | 886 | |
| MA50: | 891 | |
| MA100: | 907 | |
| MAexp7: | 885 | |
| MAexp20: | 886 | |
| MAexp50: | 892 | |
| MAexp100: | 893 | |
| Price / MA7: | -2.02% | |
| Price / MA20: | -1.58% | |
| Price / MA50: | -2.13% | |
| Price / MA100: | -3.86% | |
| Price / MAexp7: | -1.47% | |
| Price / MAexp20: | -1.58% | |
| Price / MAexp50: | -2.24% | |
| Price / MAexp100: | -2.35% |
News
Don"t forget to follow the news on FINSBURY GROWTH & INCOME TRUST ORD 25P. At the time of publication of this analysis, the latest news was as follows:
- Finsbury Growth & Income Trust Plc - Compliance with Market Abuse Regulation
- Finsbury Growth & Income Trust Plc - Monthly Fact Sheet as at 31 October 2019
- Finsbury Growth & Income Trust Plc - Block Listing Application
- Finsbury Growth & Income Trust Plc - Director/PDMR Shareholding
- Finsbury Growth & Income Trust Plc - Monthly Fact Sheet as at 30 September 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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