TATE & LYLE ORD 29 1/6P - Daily - Technical analysis published on 08/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 731.1 GBX
My targets
720.2 GBX (-1.37%)
697.8 GBX (-4.44%)
My analysis
The strong short-term decline of TATE & LYLE ORD 25P reinforces the current slightly bearish trend. As long as the price remains below 731.1 GBX, you could take advantage of this bearish acceleration. The first bearish objective is located at 720.2 GBX. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 697.8 GBX as an objective. Crossing it would then enable sellers to target 676.4 GBX. A return to above 731.1 GBX would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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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
TATE & LYLE ORD 25P rating 730.2 GBX. The price registered an increase of +0.86% on the session and was traded between 726.2 GBX and 732.4 GBX over the period. The price is currently at +0.55% from its lowest and -0.30% from its highest.726.2
732.4
730.2
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TATE & LYLE ORD 25P:
Technical
A technical analysis in Daily of this TATE & LYLE ORD 25P chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
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:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 676.4 | 697.8 | 720.2 | 730.2 | 731.1 | 752.6 | 767.0 |
| Change (%) | -7.37% | -4.44% | -1.37% | - | +0.12% | +3.07% | +5.04% |
| Change | -53.8 | -32.4 | -10.0 | - | +0.9 | +22.4 | +36.8 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Intermediate |
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 | 712.7 | 716.1 | 720.1 | 723.5 | 727.5 | 730.9 | 734.9 |
| Camarilla | 722.0 | 722.6 | 723.3 | 724.0 | 724.7 | 725.4 | 726.0 |
| Woodie | 712.9 | 716.3 | 720.3 | 723.7 | 727.7 | 731.1 | 735.1 |
| Fibonacci | 716.1 | 719.0 | 720.7 | 723.5 | 726.4 | 728.1 | 730.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 676.0 | 694.0 | 709.0 | 727.0 | 742.0 | 760.0 | 775.0 |
| Camarilla | 714.9 | 718.0 | 721.0 | 724.0 | 727.0 | 730.1 | 733.1 |
| Woodie | 674.5 | 693.3 | 707.5 | 726.3 | 740.5 | 759.3 | 773.5 |
| Fibonacci | 694.0 | 706.6 | 714.4 | 727.0 | 739.6 | 747.4 | 760.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 705.7 | 723.1 | 739.3 | 756.7 | 772.9 | 790.3 | 806.5 |
| Camarilla | 746.2 | 749.2 | 752.3 | 755.4 | 758.5 | 761.6 | 764.6 |
| Woodie | 705.0 | 722.8 | 738.6 | 756.4 | 772.2 | 790.0 | 805.8 |
| Fibonacci | 723.1 | 736.0 | 743.9 | 756.7 | 769.6 | 777.5 | 790.3 |
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): | 41.00 | |
| MACD (12,26,9): | -6.4000 | |
| Directional Movement: | -12.2 | |
| AROON (14): | -50.0 | |
| DEMA (21): | 734.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 750.4 | |
| Elder Ray (13): | -7.3 | |
| Super Trend (3,10): | 757.3 | |
| Zig ZAG (10): | 729.6 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 26.40 | |
| TEMA (21): | 726.3 | |
| Williams %R (14): | -66.20 | |
| Chande Momentum Oscillator (20): | -23.6 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 7.10 |
| MA7: | 727.9 | |
| MA20: | 746.2 | |
| MA50: | 742.6 | |
| MA100: | 734.0 | |
| MAexp7: | 730.2 | |
| MAexp20: | 740.5 | |
| MAexp50: | 741.4 | |
| MAexp100: | 730.1 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | -2.14% | |
| Price / MA50: | -1.67% | |
| Price / MA100: | -0.52% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -1.39% | |
| Price / MAexp50: | -1.51% | |
| Price / MAexp100: | +0.01% |
News
Don"t forget to follow the news on TATE & LYLE ORD 25P. At the time of publication of this analysis, the latest news was as follows:
- Land O'Lakes SUSTAIN and Tate & Lyle Announce Sustainably-Sourced Corn Collaboration
- Tate & Lyle Names Nielsen As U.S. Analytic Provider
-
What corporate news to watch on Thursday: Tate & Lyle, United Utilities and ex dividend stocks
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This member declared not having a position on this financial instrument or a related financial instrument.
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