MONDI ORD EUR 0.22 - Daily - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 1,593.0 GBX
My targets
1,510.7 GBX (-4.26%)
1,385.0 GBX (-12.23%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MONDI ORD EUR 0.20. As long as you are under the resistance located at 1,593.0 GBX, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1,510.7 GBX would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1,385.0 GBX as an objective. Crossing it would then enable sellers to target 1,259.0 GBX. If the resistance 1,593.0 GBX were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
2.7
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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
The MONDI ORD EUR 0.20 rating is 1,578.0 GBX. The price is lower by -2.26% since the last closing with the lowest point at 1,578.0 GBX and the highest point at 1,621.5 GBX. The deviation from the price is 0% for the low point and -2.68% for the high point.1,578.0
1,621.5
1,578.0
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MONDI ORD EUR 0.20 in Daily shows an overall bearish trend. The signals given by moving averages are 75% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
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 under support 3
Type : Neutral
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,259.0 | 1,385.0 | 1,510.7 | 1,578.0 | 1,593.0 | 1,638.7 | 1,692.6 |
| Change (%) | -20.22% | -12.23% | -4.26% | - | +0.95% | +3.85% | +7.26% |
| Change | -319.0 | -193.0 | -67.3 | - | +15.0 | +60.7 | +114.6 |
| Level | Minor | Minor | Major | - | Major | Major | Intermediate |
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 | 1,576.7 | 1,589.8 | 1,602.2 | 1,615.3 | 1,627.7 | 1,640.8 | 1,653.2 |
| Camarilla | 1,607.5 | 1,609.8 | 1,612.2 | 1,614.5 | 1,616.8 | 1,619.2 | 1,621.5 |
| Woodie | 1,576.3 | 1,589.6 | 1,601.8 | 1,615.1 | 1,627.3 | 1,640.6 | 1,652.8 |
| Fibonacci | 1,589.8 | 1,599.6 | 1,605.6 | 1,615.3 | 1,625.1 | 1,631.1 | 1,640.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,412.5 | 1,449.5 | 1,522.5 | 1,559.5 | 1,632.5 | 1,669.5 | 1,742.5 |
| Camarilla | 1,565.3 | 1,575.3 | 1,585.4 | 1,595.5 | 1,605.6 | 1,615.7 | 1,625.8 |
| Woodie | 1,430.5 | 1,458.5 | 1,540.5 | 1,568.5 | 1,650.5 | 1,678.5 | 1,760.5 |
| Fibonacci | 1,449.5 | 1,491.5 | 1,517.5 | 1,559.5 | 1,601.5 | 1,627.5 | 1,669.5 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,252.7 | 1,368.3 | 1,463.2 | 1,578.8 | 1,673.7 | 1,789.3 | 1,884.2 |
| Camarilla | 1,500.1 | 1,519.4 | 1,538.7 | 1,558.0 | 1,577.3 | 1,596.6 | 1,615.9 |
| Woodie | 1,242.3 | 1,363.1 | 1,452.8 | 1,573.6 | 1,663.3 | 1,784.1 | 1,873.8 |
| Fibonacci | 1,368.3 | 1,448.7 | 1,498.4 | 1,578.8 | 1,659.2 | 1,708.9 | 1,789.3 |
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): | 49.80 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | -7.9 | |
| AROON (14): | 21.4 | |
| DEMA (21): | 1,574.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,514.5 | |
| Elder Ray (13): | 20.3 | |
| Super Trend (3,10): | 1,626.8 | |
| Zig ZAG (10): | 1,579.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 82.90 | |
| TEMA (21): | 1,587.6 | |
| Williams %R (14): | -34.60 | |
| Chande Momentum Oscillator (20): | 1.0 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 4.60 |
| MA7: | 1,590.6 | |
| MA20: | 1,560.5 | |
| MA50: | 1,582.1 | |
| MA100: | 1,648.7 | |
| MAexp7: | 1,588.9 | |
| MAexp20: | 1,579.1 | |
| MAexp50: | 1,598.0 | |
| MAexp100: | 1,630.5 | |
| Price / MA7: | -0.79% | |
| Price / MA20: | +1.12% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | -4.29% | |
| Price / MAexp7: | -0.69% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -1.25% | |
| Price / MAexp100: | -3.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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