IBSTOCK ORD 1P - Daily - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 241.8 GBX
My targets
261.4 GBX (+3.08%)
305.4 GBX (+20.43%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IBSTOCK ORD 1P as long as the price remains well above 241.8 GBX. The buyers” bullish objective is set at 261.4 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 305.4 GBX. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.3
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 IBSTOCK ORD 1P price is 253.6 GBX. The price registered a decrease of -0.31% on the session and was traded between 251.0 GBX and 254.0 GBX over the period. The price is currently at +1.04% from its lowest and -0.16% from its highest.251.0
254.0
253.6
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IBSTOCK ORD 1P:
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 IBSTOCK ORD 1P indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 224.7 | 234.8 | 241.8 | 253.6 | 261.4 | 305.4 |
| Change (%) | -11.40% | -7.41% | -4.65% | - | +3.08% | +20.43% |
| Change | -28.9 | -18.8 | -11.8 | - | +7.8 | +51.8 |
| Level | Major | Major | Intermediate | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 247.3 | 249.3 | 251.9 | 253.9 | 256.5 | 258.5 | 261.1 |
| Camarilla | 253.1 | 253.6 | 254.0 | 254.4 | 254.8 | 255.2 | 255.7 |
| Woodie | 247.5 | 249.5 | 252.1 | 254.1 | 256.7 | 258.7 | 261.3 |
| Fibonacci | 249.3 | 251.1 | 252.2 | 253.9 | 255.7 | 256.8 | 258.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 231.5 | 237.1 | 244.9 | 250.5 | 258.3 | 263.9 | 271.7 |
| Camarilla | 249.1 | 250.3 | 251.6 | 252.8 | 254.0 | 255.3 | 256.5 |
| Woodie | 232.7 | 237.7 | 246.1 | 251.1 | 259.5 | 264.5 | 272.9 |
| Fibonacci | 237.1 | 242.2 | 245.4 | 250.5 | 255.6 | 258.8 | 263.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 181.7 | 203.1 | 222.5 | 243.9 | 263.3 | 284.7 | 304.1 |
| Camarilla | 230.6 | 234.3 | 238.1 | 241.8 | 245.5 | 249.3 | 253.0 |
| Woodie | 180.6 | 202.6 | 221.4 | 243.4 | 262.2 | 284.2 | 303.0 |
| Fibonacci | 203.1 | 218.7 | 228.4 | 243.9 | 259.5 | 269.2 | 284.7 |
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): | 59.80 | |
| MACD (12,26,9): | 3.6000 | |
| Directional Movement: | 7.1 | |
| AROON (14): | 50.0 | |
| DEMA (21): | 254.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 240.5 | |
| Elder Ray (13): | 1.8 | |
| Super Trend (3,10): | 237.1 | |
| Zig ZAG (10): | 253.8 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 88.10 | |
| TEMA (21): | 253.3 | |
| Williams %R (14): | -14.30 | |
| Chande Momentum Oscillator (20): | 7.6 | |
| Repulse (5,40,3): | 1.7000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 0.80 |
| MA7: | 252.8 | |
| MA20: | 250.1 | |
| MA50: | 239.7 | |
| MA100: | 229.9 | |
| MAexp7: | 252.2 | |
| MAexp20: | 249.0 | |
| MAexp50: | 241.4 | |
| MAexp100: | 235.4 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +1.40% | |
| Price / MA50: | +5.80% | |
| Price / MA100: | +10.31% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | +1.85% | |
| Price / MAexp50: | +5.05% | |
| Price / MAexp100: | +7.73% |
This member declared not having a position on this financial instrument or a related financial instrument.
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