SMITH & NEPHEW ORD USD0.20 - Daily - Technical analysis published on 10/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1,760.1 GBX
My targets
1,682.7 GBX (-0.52%)
1,545.0 GBX (-8.66%)
My analysis
In the short term, we can see an acceleration in the bearish trend on SMITH & NEPHEW ORD USD0.20, which is a positive signal for sellers. As long as the price remains above 1,760.1 GBX, a sale could be considered. The first bearish objective is located at 1,682.7 GBX. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,545.0 GBX as an objective. Crossing it would then enable sellers to target 1,431.0 GBX. If the price were to return above 1,760.1 GBX, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.6
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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
SMITH & NEPHEW ORD USD0.20 rating 1,691.5 GBX. On the day, this instrument gained +1.08% and was traded between 1,666.0 GBX and 1,700.0 GBX over the period. The price is currently at +1.53% from its lowest and -0.50% from its highest.1,666.0
1,700.0
1,691.5
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SMITH & NEPHEW ORD USD0.20 in Daily shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
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 over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,431.0 | 1,545.0 | 1,682.7 | 1,691.5 | 1,760.1 | 1,851.0 | 1,990.0 |
| Change (%) | -15.40% | -8.66% | -0.52% | - | +4.06% | +9.43% | +17.65% |
| Change | -260.5 | -146.5 | -8.8 | - | +68.6 | +159.5 | +298.5 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Major |
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 | 1,628.8 | 1,645.2 | 1,659.3 | 1,675.7 | 1,689.8 | 1,706.2 | 1,720.3 |
| Camarilla | 1,665.1 | 1,667.9 | 1,670.7 | 1,673.5 | 1,676.3 | 1,679.1 | 1,681.9 |
| Woodie | 1,627.8 | 1,644.6 | 1,658.3 | 1,675.1 | 1,688.8 | 1,705.6 | 1,719.3 |
| Fibonacci | 1,645.2 | 1,656.8 | 1,664.0 | 1,675.7 | 1,687.3 | 1,694.5 | 1,706.2 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,756.7 | 1,787.8 | 1,808.7 | 1,839.8 | 1,860.7 | 1,891.8 | 1,912.7 |
| Camarilla | 1,815.2 | 1,820.0 | 1,824.7 | 1,829.5 | 1,834.3 | 1,839.0 | 1,843.8 |
| Woodie | 1,751.5 | 1,785.3 | 1,803.5 | 1,837.3 | 1,855.5 | 1,889.3 | 1,907.5 |
| Fibonacci | 1,787.8 | 1,807.7 | 1,820.0 | 1,839.8 | 1,859.7 | 1,872.0 | 1,891.8 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,736.0 | 1,796.1 | 1,877.5 | 1,937.6 | 2,019.0 | 2,079.1 | 2,160.4 |
| Camarilla | 1,919.9 | 1,932.9 | 1,945.8 | 1,958.8 | 1,971.8 | 1,984.7 | 1,997.7 |
| Woodie | 1,746.6 | 1,801.4 | 1,888.1 | 1,942.9 | 2,029.5 | 2,084.4 | 2,171.0 |
| Fibonacci | 1,796.1 | 1,850.2 | 1,883.6 | 1,937.6 | 1,991.7 | 2,025.1 | 2,079.1 |
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): | 28.70 | |
| MACD (12,26,9): | -55.3000 | |
| Directional Movement: | -30.5 | |
| AROON (14): | -64.3 | |
| DEMA (21): | 1,752.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,872.5 | |
| Elder Ray (13): | -99.0 | |
| Super Trend (3,10): | 1,819.8 | |
| Zig ZAG (10): | 1,692.5 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 12.80 | |
| TEMA (21): | 1,704.1 | |
| Williams %R (14): | -85.40 | |
| Chande Momentum Oscillator (20): | -220.0 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 17.00 |
| MA7: | 1,747.4 | |
| MA20: | 1,841.9 | |
| MA50: | 1,895.5 | |
| MA100: | 1,829.5 | |
| MAexp7: | 1,736.1 | |
| MAexp20: | 1,814.0 | |
| MAexp50: | 1,849.8 | |
| MAexp100: | 1,807.4 | |
| Price / MA7: | -3.20% | |
| Price / MA20: | -8.17% | |
| Price / MA50: | -10.76% | |
| Price / MA100: | -7.54% | |
| Price / MAexp7: | -2.57% | |
| Price / MAexp20: | -6.75% | |
| Price / MAexp50: | -8.56% | |
| Price / MAexp100: | -6.41% |
News
The latest news and videos published on SMITH & NEPHEW ORD USD0.20 at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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