NEWRIVER REIT ORD 1P - Daily - Technical analysis published on 02/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
28%
11%
61%
My opinion
Bearish under 208.5 GBX
My targets
179.3 GBX (-6.13%)
173.0 GBX (-9.42%)
My analysis
The bearish basic trend is very strong on NEWRIVER REIT ORD 1P but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 208.5 GBX. Crossing the first support at 179.3 GBX would be a sign of a further potential price plummet. Sellers would then use the next support located at 173.0 GBX as an objective. Crossing it would then enable sellers to target 163.4 GBX. Caution, a return to above the resistance located at 208.5 GBX would be a sign of a possible consolidation phase of the short-term basic trend. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.5
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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 NEWRIVER REIT ORD 1P price is 191.0 GBX. The price registered an increase of +1.06% on the session and was between 186.6 GBX and 191.4 GBX. This implies that the price is at +2.36% from its lowest and at -0.21% from its highest.186.6
191.4
191.0
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NEWRIVER REIT ORD 1P in Daily shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back over 0
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:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 173.0 | 179.3 | 188.3 | 191.0 | 193.6 | 208.5 | 217.5 |
| Change (%) | -9.42% | -6.13% | -1.41% | - | +1.36% | +9.16% | +13.87% |
| Change | -18.0 | -11.7 | -2.7 | - | +2.6 | +17.5 | +26.5 |
| Level | Major | Intermediate | Major | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 185.2 | 187.2 | 188.6 | 190.6 | 192.0 | 194.0 | 195.4 |
| Camarilla | 189.1 | 189.4 | 189.7 | 190.0 | 190.3 | 190.6 | 190.9 |
| Woodie | 184.9 | 187.1 | 188.3 | 190.5 | 191.7 | 193.9 | 195.1 |
| Fibonacci | 187.2 | 188.5 | 189.3 | 190.6 | 191.9 | 192.7 | 194.0 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 175.1 | 179.5 | 184.1 | 188.5 | 193.1 | 197.5 | 202.1 |
| Camarilla | 186.1 | 187.0 | 187.8 | 188.6 | 189.4 | 190.3 | 191.1 |
| Woodie | 175.1 | 179.6 | 184.1 | 188.6 | 193.1 | 197.6 | 202.1 |
| Fibonacci | 179.5 | 183.0 | 185.1 | 188.5 | 192.0 | 194.1 | 197.5 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.7 | 173.9 | 181.0 | 193.2 | 200.3 | 212.5 | 219.6 |
| Camarilla | 182.7 | 184.5 | 186.2 | 188.0 | 189.8 | 191.5 | 193.3 |
| Woodie | 159.1 | 172.6 | 178.4 | 191.9 | 197.7 | 211.2 | 217.0 |
| Fibonacci | 173.9 | 181.3 | 185.9 | 193.2 | 200.6 | 205.2 | 212.5 |
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): | 45.20 | |
| MACD (12,26,9): | -1.1000 | |
| Directional Movement: | -6.0 | |
| AROON (14): | 14.2 | |
| DEMA (21): | 189.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 185.3 | |
| Elder Ray (13): | -1.4 | |
| Super Trend (3,10): | 183.2 | |
| Zig ZAG (10): | 189.6 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 52.60 | |
| TEMA (21): | 189.4 | |
| Williams %R (14): | -50.90 | |
| Chande Momentum Oscillator (20): | 1.8 | |
| Repulse (5,40,3): | -2.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 190.6 | |
| MA20: | 190.4 | |
| MA50: | 195.3 | |
| MA100: | 196.0 | |
| MAexp7: | 190.3 | |
| MAexp20: | 191.1 | |
| MAexp50: | 192.9 | |
| MAexp100: | 193.1 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +0.32% | |
| Price / MA50: | -2.20% | |
| Price / MA100: | -2.55% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.98% | |
| Price / MAexp100: | -1.09% |
News
The latest news and videos published on NEWRIVER REIT ORD 1P at the time of the analysis were as follows:
NewRiver REITThis member declared not having a position on this financial instrument or a related financial instrument.
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