DGL GROUP LIMITED
DGL GROUP LIMITED
- AUD (-)
- End-of-day data - Australia Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: DGL
ISIN: AU0000149338

DGL GROUP LIMITED - Daily - Technical analysis published on 02/02/2023 (GMT)

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  • Timeframe : Daily
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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

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 stevejn23. Take part yourself by sharing additional analysis on another time unit:
Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by DGL GROUP LIMITED:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
R1
R2
R3
Price


PriceR1R2R3
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
Standard1.3921.4181.4371.4631.4821.5081.527
Camarilla1.4431.4471.4511.4551.4591.4631.467
Woodie1.3881.4161.4331.4611.4781.5061.523
Fibonacci1.4181.4361.4461.4631.4811.4911.508


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.3751.4001.4501.4751.5251.5501.600
Camarilla1.4791.4861.4931.5001.5071.5141.521
Woodie1.3881.4061.4631.4811.5381.5561.613
Fibonacci1.4001.4291.4461.4751.5041.5211.550


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.1121.2531.3471.4881.5821.7231.817
Camarilla1.3751.3971.4191.4401.4621.4831.505
Woodie1.0881.2411.3231.4761.5581.7111.793
Fibonacci1.2531.3431.3991.4881.5781.6341.723

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.

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