STANDARD CHARTERED ORD USD0.50 - Daily - Technical analysis published on 11/04/2019 (GMT)
- 320
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 702.6 GBX
My targets
721.2 GBX (+1.12%)
736.8 GBX (+3.31%)
My analysis
STANDARD CHARTERED ORD USD0.50 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 702.6 GBX. The next resistance located at 721.2 GBX is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 736.8 GBX. After this resistance, buyers could then target 782.7 GBX. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8
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. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STANDARD CHARTERED ORD USD0.50 rating 713.2 GBX. The price registered an increase of +1.02% on the session with the lowest point at 709.6 GBX and the highest point at 717.0 GBX. The deviation from the price is +0.51% for the low point and -0.53% for the high point.709.6
717.0
713.2
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of STANDARD CHARTERED ORD USD0.50 indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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 : 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
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 632.3 | 674.1 | 702.6 | 713.2 | 721.2 | 736.8 | 782.7 |
| Change (%) | -11.34% | -5.48% | -1.49% | - | +1.12% | +3.31% | +9.74% |
| Change | -80.9 | -39.1 | -10.6 | - | +8.0 | +23.6 | +69.5 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 681.1 | 687.5 | 696.7 | 703.1 | 712.3 | 718.7 | 727.9 |
| Camarilla | 701.7 | 703.1 | 704.6 | 706.0 | 707.4 | 708.9 | 710.3 |
| Woodie | 682.6 | 688.2 | 698.2 | 703.8 | 713.8 | 719.4 | 729.4 |
| Fibonacci | 687.5 | 693.4 | 697.1 | 703.1 | 709.0 | 712.7 | 718.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 653.2 | 669.2 | 687.6 | 703.6 | 722.0 | 738.0 | 756.4 |
| Camarilla | 696.5 | 699.7 | 702.9 | 706.0 | 709.2 | 712.3 | 715.5 |
| Woodie | 654.4 | 669.8 | 688.8 | 704.2 | 723.2 | 738.6 | 757.6 |
| Fibonacci | 669.2 | 682.3 | 690.5 | 703.6 | 716.7 | 724.9 | 738.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 553.5 | 590.5 | 645.7 | 682.7 | 737.9 | 774.9 | 830.1 |
| Camarilla | 675.7 | 684.1 | 692.6 | 701.0 | 709.5 | 717.9 | 726.4 |
| Woodie | 562.7 | 595.1 | 654.9 | 687.3 | 747.1 | 779.5 | 839.3 |
| Fibonacci | 590.5 | 625.7 | 647.5 | 682.7 | 717.9 | 739.7 | 774.9 |
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): | 65.90 | |
| MACD (12,26,9): | 12.9000 | |
| Directional Movement: | 16.7 | |
| AROON (14): | 50.0 | |
| DEMA (21): | 699.6 | |
| Parabolic SAR (0,02-0,02-0,2): | 691.8 | |
| Elder Ray (13): | 19.2 | |
| Super Trend (3,10): | 668.0 | |
| Zig ZAG (10): | 712.4 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 81.90 | |
| TEMA (21): | 709.0 | |
| Williams %R (14): | -10.10 | |
| Chande Momentum Oscillator (20): | 53.0 | |
| Repulse (5,40,3): | 2.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 15.80 |
| MA7: | 701.6 | |
| MA20: | 675.4 | |
| MA50: | 666.5 | |
| MA100: | 674.4 | |
| MAexp7: | 701.6 | |
| MAexp20: | 684.8 | |
| MAexp50: | 672.9 | |
| MAexp100: | 668.2 | |
| Price / MA7: | +1.65% | |
| Price / MA20: | +5.60% | |
| Price / MA50: | +7.01% | |
| Price / MA100: | +5.75% | |
| Price / MAexp7: | +1.65% | |
| Price / MAexp20: | +4.15% | |
| Price / MAexp50: | +5.99% | |
| Price / MAexp100: | +6.73% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis STANDARD CHARTERED ORD USD0.50 - Daily