DGL GROUP LIMITED - Daily - Technical analysis published on 02/02/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.494 AUD
My targets
1.347 AUD (-7.44%)
1.253 AUD (-13.86%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DGL GROUP LIMITED as long as the price remains well below 1.494 AUD. The sellers' bearish objective is set at 1.347 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.253 AUD. In case of crossing, the next objective would be the support located at 1.112 AUD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.1
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This analysis was given by stevejn23. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DGL GROUP LIMITED price is 1.455 AUD. The price registered an increase of +1.04% on the session with the lowest point at 1.445 AUD and the highest point at 1.490 AUD. The deviation from the price is +0.69% for the low point and -2.35% for the high point.1.445
1.490
1.455
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DGL GROUP LIMITED:
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 this Daily chart of DGL GROUP LIMITED 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 a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
Price | R1 | R2 | R3 | |
---|---|---|---|---|
ProTrendLines | 1.455 | 1.494 | 1.806 | 2.379 |
Change (%) | - | +2.68% | +24.12% | +63.51% |
Change | - | +0.039 | +0.351 | +0.924 |
Level | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.392 | 1.418 | 1.437 | 1.463 | 1.482 | 1.508 | 1.527 |
Camarilla | 1.443 | 1.447 | 1.451 | 1.455 | 1.459 | 1.463 | 1.467 |
Woodie | 1.388 | 1.416 | 1.433 | 1.461 | 1.478 | 1.506 | 1.523 |
Fibonacci | 1.418 | 1.436 | 1.446 | 1.463 | 1.481 | 1.491 | 1.508 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.375 | 1.400 | 1.450 | 1.475 | 1.525 | 1.550 | 1.600 |
Camarilla | 1.479 | 1.486 | 1.493 | 1.500 | 1.507 | 1.514 | 1.521 |
Woodie | 1.388 | 1.406 | 1.463 | 1.481 | 1.538 | 1.556 | 1.613 |
Fibonacci | 1.400 | 1.429 | 1.446 | 1.475 | 1.504 | 1.521 | 1.550 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.112 | 1.253 | 1.347 | 1.488 | 1.582 | 1.723 | 1.817 |
Camarilla | 1.375 | 1.397 | 1.419 | 1.440 | 1.462 | 1.483 | 1.505 |
Woodie | 1.088 | 1.241 | 1.323 | 1.476 | 1.558 | 1.711 | 1.793 |
Fibonacci | 1.253 | 1.343 | 1.399 | 1.488 | 1.578 | 1.634 | 1.723 |
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): | 48.95 | |
MACD (12,26,9): | -0.0010 | |
Directional Movement: | 11.132 | |
AROON (14): | -7.143 | |
DEMA (21): | 1.460 | |
Parabolic SAR (0,02-0,02-0,2): | 1.626 | |
Elder Ray (13): | 0.006 | |
Super Trend (3,10): | 1.580 | |
Zig ZAG (10): | 1.455 | |
VORTEX (21): | 1.0570 | |
Stochastique (14,3,5): | 14.65 | |
TEMA (21): | 1.468 | |
Williams %R (14): | -84.54 | |
Chande Momentum Oscillator (20): | -0.010 | |
Repulse (5,40,3): | -4.5070 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0120 | |
Courbe Coppock: | 0.50 |
MA7: | 1.458 | |
MA20: | 1.466 | |
MA50: | 1.468 | |
MA100: | 1.507 | |
MAexp7: | 1.460 | |
MAexp20: | 1.462 | |
MAexp50: | 1.489 | |
MAexp100: | 1.640 | |
Price / MA7: | -0.21% | |
Price / MA20: | -0.75% | |
Price / MA50: | -0.89% | |
Price / MA100: | -3.45% | |
Price / MAexp7: | -0.34% | |
Price / MAexp20: | -0.48% | |
Price / MAexp50: | -2.28% | |
Price / MAexp100: | -11.28% |
Quotes :
-
End-of-day data
-
Australia Stocks
News
The last news published on DGL GROUP LIMITED at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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