LEGAL & GENERAL GRP. ORD 2 1/2P - Daily - Technical analysis published on 07/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 276.7 GBX
My targets
286.1 GBX (+3.36%)
294.4 GBX (+6.36%)
My analysis
LEGAL & GENERAL GRP. ORD 2 1/2P is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 276.7 GBX. The next resistance located at 286.1 GBX is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 294.4 GBX. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
LEGAL & GENERAL GRP. ORD 2 1/2P rating 276.8 GBX. On the day, this instrument gained +0.91% and was between 274.2 GBX and 278.2 GBX. This implies that the price is at +0.95% from its lowest and at -0.50% from its highest.274.2
278.2
276.8
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LEGAL & GENERAL GRP. ORD 2 1/2P:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of LEGAL & GENERAL GRP. ORD 2 1/2P indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 255.2 | 266.3 | 276.7 | 276.8 | 286.1 | 294.4 |
| Change (%) | -7.80% | -3.79% | -0.04% | - | +3.36% | +6.36% |
| Change | -21.6 | -10.5 | -0.1 | - | +9.3 | +17.6 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major |
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 | 268.7 | 270.3 | 272.3 | 273.9 | 275.9 | 277.5 | 279.5 |
| Camarilla | 273.3 | 273.6 | 274.0 | 274.3 | 274.6 | 275.0 | 275.3 |
| Woodie | 268.9 | 270.4 | 272.5 | 274.0 | 276.1 | 277.6 | 279.7 |
| Fibonacci | 270.3 | 271.7 | 272.5 | 273.9 | 275.3 | 276.1 | 277.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 261.2 | 263.4 | 266.4 | 268.6 | 271.6 | 273.8 | 276.8 |
| Camarilla | 268.1 | 268.5 | 269.0 | 269.5 | 270.0 | 270.5 | 270.9 |
| Woodie | 261.7 | 263.6 | 266.9 | 268.8 | 272.1 | 274.0 | 277.3 |
| Fibonacci | 263.4 | 265.4 | 266.6 | 268.6 | 270.6 | 271.8 | 273.8 |
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): | 64.20 | |
| MACD (12,26,9): | 1.5000 | |
| Directional Movement: | 13.8 | |
| AROON (14): | 92.9 | |
| DEMA (21): | 270.8 | |
| Parabolic SAR (0,02-0,02-0,2): | 268.3 | |
| Elder Ray (13): | 5.8 | |
| Super Trend (3,10): | 265.1 | |
| Zig ZAG (10): | 276.7 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 85.80 | |
| TEMA (21): | 272.7 | |
| Williams %R (14): | -10.30 | |
| Chande Momentum Oscillator (20): | 8.2 | |
| Repulse (5,40,3): | 1.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.10 |
| MA7: | 271.0 | |
| MA20: | 269.4 | |
| MA50: | 269.6 | |
| MA100: | 267.5 | |
| MAexp7: | 272.1 | |
| MAexp20: | 269.4 | |
| MAexp50: | 268.3 | |
| MAexp100: | 264.4 | |
| Price / MA7: | +2.14% | |
| Price / MA20: | +2.75% | |
| Price / MA50: | +2.67% | |
| Price / MA100: | +3.48% | |
| Price / MAexp7: | +1.73% | |
| Price / MAexp20: | +2.75% | |
| Price / MAexp50: | +3.17% | |
| Price / MAexp100: | +4.69% |
This member declared not having a position on this financial instrument or a related financial instrument.
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