DIAGEO ORD 28 101/108P - Daily - Technical analysis published on 08/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 3,367.0 GBX
My targets
3,482.5 GBX (+1.99%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DIAGEO ORD 28 101/108P as long as the price remains well above 3,367.0 GBX. The buyers” bullish objective is set at 3,482.5 GBX. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DIAGEO ORD 28 101/108P rating is 3,414.5 GBX. On the day, this instrument gained +0.87% with the lowest point at 3,398.0 GBX and the highest point at 3,437.5 GBX. The deviation from the price is +0.49% for the low point and -0.67% for the high point.3,398.0
3,437.5
3,414.5
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
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
Technical analysis of this Daily chart of DIAGEO ORD 28 101/108P indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 2,847.1 | 3,239.7 | 3,367.0 | 3,414.5 | 3,482.5 |
| Change (%) | -16.62% | -5.12% | -1.39% | - | +1.99% |
| Change | -567.4 | -174.8 | -47.5 | - | +68.0 |
| Level | Intermediate | Major | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,287.8 | 3,314.7 | 3,349.8 | 3,376.7 | 3,411.8 | 3,438.7 | 3,473.8 |
| Camarilla | 3,368.0 | 3,373.6 | 3,379.3 | 3,385.0 | 3,390.7 | 3,396.4 | 3,402.1 |
| Woodie | 3,292.0 | 3,316.8 | 3,354.0 | 3,378.8 | 3,416.0 | 3,440.8 | 3,478.0 |
| Fibonacci | 3,314.7 | 3,338.4 | 3,353.0 | 3,376.7 | 3,400.4 | 3,415.0 | 3,438.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,116.8 | 3,192.3 | 3,267.4 | 3,342.9 | 3,418.0 | 3,493.5 | 3,568.5 |
| Camarilla | 3,301.0 | 3,314.8 | 3,328.6 | 3,342.4 | 3,356.2 | 3,370.0 | 3,383.8 |
| Woodie | 3,116.6 | 3,192.2 | 3,267.1 | 3,342.8 | 3,417.7 | 3,493.4 | 3,568.3 |
| Fibonacci | 3,192.3 | 3,249.9 | 3,285.4 | 3,342.9 | 3,400.4 | 3,436.0 | 3,493.5 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,991.1 | 3,095.4 | 3,247.8 | 3,352.1 | 3,504.5 | 3,608.9 | 3,761.3 |
| Camarilla | 3,329.6 | 3,353.1 | 3,376.7 | 3,400.2 | 3,423.7 | 3,447.3 | 3,470.8 |
| Woodie | 3,015.1 | 3,107.4 | 3,271.8 | 3,364.2 | 3,528.6 | 3,620.9 | 3,785.3 |
| Fibonacci | 3,095.4 | 3,193.5 | 3,254.1 | 3,352.1 | 3,450.2 | 3,510.8 | 3,608.9 |
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): | 55.40 | |
| MACD (12,26,9): | 7.3000 | |
| Directional Movement: | 7.8 | |
| AROON (14): | 42.8 | |
| DEMA (21): | 3,374.9 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,304.6 | |
| Elder Ray (13): | 48.0 | |
| Super Trend (3,10): | 3,256.5 | |
| Zig ZAG (10): | 3,414.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 63.90 | |
| TEMA (21): | 3,372.3 | |
| Williams %R (14): | -26.00 | |
| Chande Momentum Oscillator (20): | 216.3 | |
| Repulse (5,40,3): | 0.7000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.50 |
| MA7: | 3,364.4 | |
| MA20: | 3,358.5 | |
| MA50: | 3,361.2 | |
| MA100: | 3,263.0 | |
| MAexp7: | 3,377.0 | |
| MAexp20: | 3,366.1 | |
| MAexp50: | 3,337.9 | |
| MAexp100: | 3,249.6 | |
| Price / MA7: | +1.49% | |
| Price / MA20: | +1.67% | |
| Price / MA50: | +1.59% | |
| Price / MA100: | +4.64% | |
| Price / MAexp7: | +1.11% | |
| Price / MAexp20: | +1.44% | |
| Price / MAexp50: | +2.29% | |
| Price / MAexp100: | +5.07% |
This member declared not having a position on this financial instrument or a related financial instrument.
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