GBL - Daily - Technical analysis published on 09/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 84.82 EUR
My targets
86.16 EUR (+0.42%)
87.78 EUR (+2.31%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 84.82 EUR remains possible. It is advisable to trade GBL with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 84.82 EUR. The next bullish objective for buyers is set at 86.16 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 87.78 EUR. If there is any crossing, the next objective would be the resistance located at 89.18 EUR. PS: if there is a bearish break in the support located at 84.82 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
0
10
2
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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 GBL price is 85.80 EUR. The price registered a decrease of -1.04% on the session and was traded between 85.26 EUR and 86.36 EUR over the period. The price is currently at +0.63% from its lowest and -0.65% from its highest.85.26
86.36
85.80
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GBL chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
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
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 78.69 | 80.83 | 84.82 | 85.80 | 86.16 | 87.78 | 89.18 |
| Change (%) | -8.29% | -5.79% | -1.14% | - | +0.42% | +2.31% | +3.94% |
| Change | -7.11 | -4.97 | -0.98 | - | +0.36 | +1.98 | +3.38 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.43 | 85.85 | 86.27 | 86.69 | 87.11 | 87.53 | 87.95 |
| Camarilla | 86.47 | 86.55 | 86.62 | 86.70 | 86.78 | 86.85 | 86.93 |
| Woodie | 85.44 | 85.85 | 86.28 | 86.69 | 87.12 | 87.53 | 87.96 |
| Fibonacci | 85.85 | 86.17 | 86.37 | 86.69 | 87.01 | 87.21 | 87.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.40 | 85.10 | 86.50 | 87.20 | 88.60 | 89.30 | 90.70 |
| Camarilla | 87.32 | 87.52 | 87.71 | 87.90 | 88.09 | 88.29 | 88.48 |
| Woodie | 84.75 | 85.28 | 86.85 | 87.38 | 88.95 | 89.48 | 91.05 |
| Fibonacci | 85.10 | 85.90 | 86.40 | 87.20 | 88.00 | 88.50 | 89.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.78 | 74.80 | 79.88 | 83.90 | 88.98 | 93.00 | 98.08 |
| Camarilla | 82.46 | 83.29 | 84.13 | 84.96 | 85.79 | 86.63 | 87.46 |
| Woodie | 71.31 | 75.07 | 80.41 | 84.17 | 89.51 | 93.27 | 98.61 |
| Fibonacci | 74.80 | 78.28 | 80.42 | 83.90 | 87.38 | 89.52 | 93.00 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.24 | |
| MACD (12,26,9): | 0.7400 | |
| Directional Movement: | -0.03 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 86.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.90 | |
| Elder Ray (13): | -0.57 | |
| Super Trend (3,10): | 84.90 | |
| Zig ZAG (10): | 85.78 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 35.73 | |
| TEMA (21): | 87.39 | |
| Williams %R (14): | -78.79 | |
| Chande Momentum Oscillator (20): | -0.74 | |
| Repulse (5,40,3): | -0.5100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 2.95 |
| MA7: | 86.73 | |
| MA20: | 86.26 | |
| MA50: | 84.44 | |
| MA100: | 84.71 | |
| MAexp7: | 86.57 | |
| MAexp20: | 85.98 | |
| MAexp50: | 85.11 | |
| MAexp100: | 84.51 | |
| Price / MA7: | -1.07% | |
| Price / MA20: | -0.53% | |
| Price / MA50: | +1.61% | |
| Price / MA100: | +1.29% | |
| Price / MAexp7: | -0.89% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +1.53% |
News
Don"t forget to follow the news on GBL. At the time of publication of this analysis, the latest news was as follows:
PM Cap Gbl OpportunitiesThis member declared not having a position on this financial instrument or a related financial instrument.
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