BAKKAVOR GRP. ORD 2P - Daily - Technical analysis published on 02/14/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 132.3 GBX
My targets
149.5 GBX (+7.86%)
165.5 GBX (+19.39%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BAKKAVOR GRP. ORD 2P as long as the price remains well above 132.3 GBX. The buyers” bullish objective is set at 149.5 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 165.5 GBX. If there is any crossing, the next objective would be the resistance located at 177.0 GBX. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.4
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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
BAKKAVOR GRP. ORD 2P rating 138.6 GBX. On the day, this instrument lost +0.15% and was traded between 135.0 GBX and 139.4 GBX over the period. The price is currently at +2.67% from its lowest and -0.57% from its highest.135.0
139.4
138.6
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BAKKAVOR GRP. ORD 2P in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 113.0 | 118.1 | 132.3 | 138.6 | 139.5 | 149.5 | 177.0 |
| Change (%) | -18.47% | -14.79% | -4.55% | - | +0.65% | +7.86% | +27.71% |
| Change | -25.6 | -20.5 | -6.3 | - | +0.9 | +10.9 | +38.4 |
| Level | Intermediate | Intermediate | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 136.0 | 137.0 | 138.0 | 139.0 | 140.0 | 141.0 | 142.0 |
| Camarilla | 138.5 | 138.6 | 138.8 | 139.0 | 139.2 | 139.4 | 139.6 |
| Woodie | 136.0 | 137.0 | 138.0 | 139.0 | 140.0 | 141.0 | 142.0 |
| Fibonacci | 137.0 | 137.8 | 138.2 | 139.0 | 139.8 | 140.2 | 141.0 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 126.5 | 129.9 | 132.9 | 136.3 | 139.3 | 142.7 | 145.7 |
| Camarilla | 134.0 | 134.6 | 135.2 | 135.8 | 136.4 | 137.0 | 137.6 |
| Woodie | 126.2 | 129.8 | 132.6 | 136.2 | 139.0 | 142.6 | 145.4 |
| Fibonacci | 129.9 | 132.4 | 133.9 | 136.3 | 138.8 | 140.3 | 142.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.9 | 118.3 | 127.1 | 137.5 | 146.3 | 156.7 | 165.5 |
| Camarilla | 130.5 | 132.3 | 134.0 | 135.8 | 137.6 | 139.3 | 141.1 |
| Woodie | 107.0 | 117.9 | 126.2 | 137.1 | 145.4 | 156.3 | 164.6 |
| Fibonacci | 118.3 | 125.7 | 130.2 | 137.5 | 144.9 | 149.4 | 156.7 |
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): | 53.50 | |
| MACD (12,26,9): | 0.4000 | |
| Directional Movement: | -9.1 | |
| AROON (14): | 0 | |
| DEMA (21): | 138.7 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.2 | |
| Elder Ray (13): | -0.6 | |
| Super Trend (3,10): | 127.6 | |
| Zig ZAG (10): | 139.4 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 77.10 | |
| TEMA (21): | 138.4 | |
| Williams %R (14): | -23.40 | |
| Chande Momentum Oscillator (20): | 5.6 | |
| Repulse (5,40,3): | 1.7000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.80 |
| MA7: | 139.4 | |
| MA20: | 137.8 | |
| MA50: | 138.9 | |
| MA100: | 130.5 | |
| MAexp7: | 139.0 | |
| MAexp20: | 138.3 | |
| MAexp50: | 136.4 | |
| MAexp100: | 131.9 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | +0.58% | |
| Price / MA50: | -0.22% | |
| Price / MA100: | +6.21% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +1.61% | |
| Price / MAexp100: | +5.08% |
This member declared not having a position on this financial instrument or a related financial instrument.
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