PREMIER OIL ORD 12.5P - Daily - Technical analysis published on 06/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
PREMIER OIL ORD 12.5P Chart
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.
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 62.49 | 64.87 | 69.19 | 71.56 | 75.88 | 78.25 | 82.57 |
Camarilla | 72.20 | 72.49 | 72.77 | 73.06 | 73.35 | 73.63 | 75.34 |
Woodie | 68.38 | 69.94 | 71.50 | 73.06 | 74.62 | 76.18 | 77.74 |
Fibonacci | 69.94 | 71.13 | 71.87 | 73.06 | 74.25 | 74.99 | 76.18 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 57.80 | 63.54 | 66.95 | 72.69 | 76.10 | 81.84 | 85.25 |
Camarilla | 67.84 | 68.68 | 69.52 | 70.36 | 71.20 | 72.04 | 72.88 |
Woodie | 56.63 | 62.96 | 65.78 | 72.11 | 74.94 | 81.26 | 84.09 |
Fibonacci | 63.54 | 67.03 | 69.19 | 72.69 | 76.19 | 78.35 | 81.84 |
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% |
News
The latest news and videos published on PREMIER OIL ORD 12.5P at the time of the analysis were as follows:
- PLS Inc. Divests Premier Oil and Gas Database & Research Business to Drillinginfo
- Premier Oil PLC back on the North Sea acquisition trail
- Premier Oil's offshore Mexico discovery 'a world class success' - CEO Tony Durrant
- Zak Mir: Premier Oil PLC can recover to 66p over next 1-2 months
- WOOD GROUP (JOHN) PLC - Wood Group renews and extends Premier Oil contract
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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