MARKS AND SPENCER GRP. ORD 1P - Daily - Technical analysis published on 09/27/2019 (GMT)
- Who voted?
- 349
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 200.00 GBX
My targets
180.35 GBX (-1.07%)
My analysis
The bearish trend is currently very strong for MARKS AND SPENCER GRP. ORD 25P. As long as the price remains below the resistance at 200.00 GBX, you could try to take advantage of the bearish rally. The first bearish objective is located at 180.35 GBX. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MARKS AND SPENCER GRP. ORD 25P rating 182.30 GBX. On the day, this instrument gained +1.14% with the lowest point at 179.30 GBX and the highest point at 182.90 GBX. The deviation from the price is +1.67% for the low point and -0.33% for the high point.179.30
182.90
182.30
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
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MARKS AND SPENCER GRP. ORD 25P chart shows a sharp bearish trend. 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 does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 180.35 | 182.30 | 200.00 | 265.32 | 290.29 |
| Change (%) | -1.07% | - | +9.71% | +45.54% | +59.24% |
| Change | -1.95 | - | +17.70 | +83.02 | +107.99 |
| Level | Minor | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 172.12 | 174.48 | 177.37 | 179.73 | 182.62 | 184.98 | 187.87 |
| Camarilla | 178.81 | 179.29 | 179.77 | 180.25 | 180.73 | 181.21 | 181.69 |
| Woodie | 172.38 | 174.61 | 177.63 | 179.86 | 182.88 | 185.11 | 188.13 |
| Fibonacci | 174.48 | 176.49 | 177.73 | 179.73 | 181.74 | 182.98 | 184.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 182.32 | 189.08 | 192.47 | 199.23 | 202.62 | 209.38 | 212.77 |
| Camarilla | 193.06 | 193.99 | 194.92 | 195.85 | 196.78 | 197.71 | 198.64 |
| Woodie | 180.63 | 188.24 | 190.78 | 198.39 | 200.93 | 208.54 | 211.08 |
| Fibonacci | 189.08 | 192.96 | 195.36 | 199.23 | 203.11 | 205.51 | 209.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 145.13 | 162.42 | 177.33 | 194.62 | 209.53 | 226.82 | 241.73 |
| Camarilla | 183.40 | 186.35 | 189.30 | 192.25 | 195.20 | 198.15 | 201.11 |
| Woodie | 143.95 | 161.83 | 176.15 | 194.03 | 208.35 | 226.23 | 240.55 |
| Fibonacci | 162.42 | 174.72 | 182.32 | 194.62 | 206.92 | 214.52 | 226.82 |
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): | 36.49 | |
| MACD (12,26,9): | -2.7000 | |
| Directional Movement: | -20.37 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 189.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 198.94 | |
| Elder Ray (13): | -9.37 | |
| Super Trend (3,10): | 196.11 | |
| Zig ZAG (10): | 182.15 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 10.76 | |
| TEMA (21): | 188.14 | |
| Williams %R (14): | -81.30 | |
| Chande Momentum Oscillator (20): | -20.70 | |
| Repulse (5,40,3): | -1.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 7.22 |
| MA7: | 187.76 | |
| MA20: | 194.58 | |
| MA50: | 194.73 | |
| MA100: | 209.85 | |
| MAexp7: | 186.79 | |
| MAexp20: | 192.05 | |
| MAexp50: | 197.39 | |
| MAexp100: | 210.54 | |
| Price / MA7: | -2.91% | |
| Price / MA20: | -6.31% | |
| Price / MA50: | -6.38% | |
| Price / MA100: | -13.13% | |
| Price / MAexp7: | -2.40% | |
| Price / MAexp20: | -5.08% | |
| Price / MAexp50: | -7.64% | |
| Price / MAexp100: | -13.41% |
News
The latest news and videos published on MARKS AND SPENCER GRP. ORD 25P at the time of the analysis were as follows:
- CHARG Resource Center receives charitable donation to assist in providing services to those living with mental illness in Denver area
- Spencer Stuart Launches New Unit Formed from the Talent-Related Businesses it Acquired from Aon
- Spencer Stuart Launches New Unit Formed from the Talent-Related Businesses it Acquired from Aon
- Access to Quality Schools Highlights Lifestyle Advantages at Spencer’s Crossing in Murrieta
- Palmetto at Spencer’s Crossing Charms Buyers With Well-Planned Designs and Tempting Options
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis MARKS AND SPENCER GRP. ORD 1P - Daily