FERGUSON ORD 10P - Daily - Technical analysis published on 10/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 6,420 GBX
My targets
6,556 GBX (+0.37%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FERGUSON ORD 10P as long as the price remains well above 6,420 GBX. The buyers” bullish objective is set at 6,556 GBX. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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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
FERGUSON ORD 10P rating 6,532 GBX. The price has increased by +0.00% since the last closing and was traded between 6,484 GBX and 6,564 GBX over the period. The price is currently at +0.74% from its lowest and -0.49% from its highest.6,484
6,564
6,532
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FERGUSON ORD 10P:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FERGUSON ORD 10P chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
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:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 5,889 | 6,096 | 6,420 | 6,532 | 6,556 |
| Change (%) | -9.84% | -6.67% | -1.71% | - | +0.37% |
| Change | -643 | -436 | -112 | - | +24 |
| Level | Intermediate | Major | 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 | 6,351 | 6,389 | 6,461 | 6,499 | 6,571 | 6,609 | 6,681 |
| Camarilla | 6,502 | 6,512 | 6,522 | 6,532 | 6,542 | 6,552 | 6,562 |
| Woodie | 6,367 | 6,398 | 6,477 | 6,508 | 6,587 | 6,618 | 6,697 |
| Fibonacci | 6,389 | 6,431 | 6,457 | 6,499 | 6,541 | 6,567 | 6,609 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,285 | 6,337 | 6,433 | 6,485 | 6,581 | 6,633 | 6,729 |
| Camarilla | 6,489 | 6,503 | 6,516 | 6,530 | 6,544 | 6,557 | 6,571 |
| Woodie | 6,308 | 6,348 | 6,456 | 6,496 | 6,604 | 6,644 | 6,752 |
| Fibonacci | 6,337 | 6,393 | 6,428 | 6,485 | 6,541 | 6,576 | 6,633 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,068 | 5,445 | 5,694 | 6,071 | 6,319 | 6,697 | 6,945 |
| Camarilla | 5,770 | 5,827 | 5,885 | 5,942 | 6,000 | 6,057 | 6,114 |
| Woodie | 5,004 | 5,413 | 5,629 | 6,039 | 6,255 | 6,665 | 6,881 |
| Fibonacci | 5,445 | 5,684 | 5,832 | 6,071 | 6,310 | 6,458 | 6,697 |
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): | 70.00 | |
| MACD (12,26,9): | 101.0000 | |
| Directional Movement: | 12 | |
| AROON (14): | 93 | |
| DEMA (21): | 6,511 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,357 | |
| Elder Ray (13): | 87 | |
| Super Trend (3,10): | 6,207 | |
| Zig ZAG (10): | 6,528 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 88.00 | |
| TEMA (21): | 6,550 | |
| Williams %R (14): | -16.00 | |
| Chande Momentum Oscillator (20): | 126 | |
| Repulse (5,40,3): | 2.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 6.00 |
| MA7: | 6,485 | |
| MA20: | 6,392 | |
| MA50: | 6,202 | |
| MA100: | 6,012 | |
| MAexp7: | 6,487 | |
| MAexp20: | 6,382 | |
| MAexp50: | 6,224 | |
| MAexp100: | 6,026 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +2.19% | |
| Price / MA50: | +5.32% | |
| Price / MA100: | +8.65% | |
| Price / MAexp7: | +0.69% | |
| Price / MAexp20: | +2.35% | |
| Price / MAexp50: | +4.95% | |
| Price / MAexp100: | +8.40% |
This member declared not having a position on this financial instrument or a related financial instrument.
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