PREMIER OIL ORD 12.5P
PREMIER OIL ORD 12.5P
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: PMO
ISIN: GB00B43G0577

PREMIER OIL ORD 12.5P - Daily - Technical analysis published on 06/20/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 78.31 GBX
My targets
67.63 GBX (-11.56%)
55.18 GBX (-27.84%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PREMIER OIL ORD 12.5P as long as the price remains well below 78.31 GBX. The sellers” bearish objective is set at 67.63 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 55.18 GBX. In case of crossing, the next objective would be the support located at 45.10 GBX.

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.

Additional analysis

Quotes

The PREMIER OIL ORD 12.5P price is 76.47 GBX. The price registered an increase of +4.67% on the session and was between 74.55 GBX and 77.00 GBX. This implies that the price is at +2.58% from its lowest and at -0.69% from its highest.

74.55
77.00
76.47

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by PREMIER OIL ORD 12.5P:

Technical


Technical analysis of PREMIER OIL ORD 12.5P in Daily shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily



In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 45.10 55.18 67.63 76.47 78.31 85.79 96.00
Change (%) -41.02% -27.84% -11.56% - +2.41% +12.19% +25.54%
Change -31.37 -21.29 -8.84 - +1.84 +9.32 +19.53
Level Major Major Intermediate - Intermediate Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard62.4964.8769.1971.5675.8878.2582.57
Camarilla72.2072.4972.7773.0673.3573.6375.34
Woodie68.3869.9471.5073.0674.6276.1877.74
Fibonacci69.9471.1371.8773.0674.2574.9976.18


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard57.8063.5466.9572.6976.1081.8485.25
Camarilla67.8468.6869.5270.3671.2072.0472.88
Woodie56.6362.9665.7872.1174.9481.2684.09
Fibonacci63.5467.0369.1972.6976.1978.3581.84

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 39.41
MACD (12,26,9): -5.1000
Directional Movement: -13.29
AROON (14): -92.86
DEMA (21): 70.79
Parabolic SAR (0,02-0,02-0,2): 75.01
Elder Ray (13): -1.71
Super Trend (3,10): 82.28
Zig ZAG (10): 73.06
VORTEX (21): 0.7000
Stochastique (14,3,5): 26.12
TEMA (21): 68.52
Williams %R (14): -64.67
Chande Momentum Oscillator (20): -4.70
Repulse (5,40,3): 5.0000
ROCnROLL: 2
TRIX (15,9): -0.8800
Courbe Coppock: 28.80
MA7: 72.22
MA20: 77.55
MA50: 89.42
MA100: 84.59
MAexp7: 73.66
MAexp20: 77.50
MAexp50: 83.52
MAexp100: 85.67
Price / MA7: +5.88%
Price / MA20: -1.39%
Price / MA50: -14.48%
Price / MA100: -9.60%
Price / MAexp7: +3.81%
Price / MAexp20: -1.33%
Price / MAexp50: -8.44%
Price / MAexp100: -10.74%

This member declared not having a position on this financial instrument or a related financial instrument.

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