TATE & LYLE ORD 29 1/6P - Daily - Technical analysis published on 10/10/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 692.0 GBX
My targets
659.0 GBX (-4.77%)
622.9 GBX (-9.99%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TATE & LYLE ORD 25P as long as the price remains well below 692.0 GBX. The next bearish objective for sellers is set at 659.0 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 622.9 GBX. If there is any crossing, the next objective would be the support located at 526.9 GBX. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.5
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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
The TATE & LYLE ORD 25P rating is 692.0 GBX. On the day, this instrument lost -0.66% and was between 685.6 GBX and 703.2 GBX. This implies that the price is at +0.93% from its lowest and at -1.59% from its highest.685.6
703.2
692.0
Here is a more detailed summary of the historical variations registered by TATE & LYLE ORD 25P:
Technical
Technical analysis of this Daily chart of TATE & LYLE ORD 25P indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 526.9 | 622.9 | 659.0 | 692.0 | 692.0 | 741.2 | 782.0 |
| Change (%) | -23.86% | -9.99% | -4.77% | 0% | - | +7.11% | +13.01% |
| Change | -165.1 | -69.1 | -33.0 | 0 | - | +49.2 | +90.0 |
| Level | Major | Intermediate | Major | Major | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 678.0 | 687.0 | 691.8 | 700.8 | 705.6 | 714.6 | 719.4 |
| Camarilla | 692.8 | 694.1 | 695.3 | 696.6 | 697.9 | 699.1 | 700.4 |
| Woodie | 675.9 | 686.0 | 689.7 | 699.8 | 703.5 | 713.6 | 717.3 |
| Fibonacci | 687.0 | 692.3 | 695.5 | 700.8 | 706.1 | 709.3 | 714.6 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 632.6 | 662.8 | 681.8 | 712.0 | 731.0 | 761.2 | 780.2 |
| Camarilla | 687.3 | 691.8 | 696.3 | 700.8 | 705.3 | 709.8 | 714.3 |
| Woodie | 627.0 | 660.0 | 676.2 | 709.2 | 725.4 | 758.4 | 774.6 |
| Fibonacci | 662.8 | 681.6 | 693.2 | 712.0 | 730.8 | 742.4 | 761.2 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 668.5 | 690.1 | 713.1 | 734.7 | 757.7 | 779.3 | 802.3 |
| Camarilla | 723.7 | 727.8 | 731.9 | 736.0 | 740.1 | 744.2 | 748.3 |
| Woodie | 669.1 | 690.5 | 713.7 | 735.1 | 758.3 | 779.7 | 802.9 |
| Fibonacci | 690.1 | 707.2 | 717.7 | 734.7 | 751.8 | 762.3 | 779.3 |
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): | 35.00 | |
| MACD (12,26,9): | -9.2000 | |
| Directional Movement: | -18.8 | |
| AROON (14): | -100.0 | |
| DEMA (21): | 706.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 727.5 | |
| Elder Ray (13): | -16.3 | |
| Super Trend (3,10): | 736.5 | |
| Zig ZAG (10): | 692.0 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 10.00 | |
| TEMA (21): | 698.7 | |
| Williams %R (14): | -89.30 | |
| Chande Momentum Oscillator (20): | -34.4 | |
| Repulse (5,40,3): | -3.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 9.60 |
| MA7: | 700.6 | |
| MA20: | 723.2 | |
| MA50: | 723.2 | |
| MA100: | 732.9 | |
| MAexp7: | 702.8 | |
| MAexp20: | 716.0 | |
| MAexp50: | 724.6 | |
| MAexp100: | 725.2 | |
| Price / MA7: | -1.23% | |
| Price / MA20: | -4.31% | |
| Price / MA50: | -4.31% | |
| Price / MA100: | -5.58% | |
| Price / MAexp7: | -1.54% | |
| Price / MAexp20: | -3.35% | |
| Price / MAexp50: | -4.50% | |
| Price / MAexp100: | -4.58% |
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:
- Tate & Lyle and Land O'Lakes SUSTAIN launch landmark sustainability initiative on 1.5 million acres of U.S. corn
- 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
-
Tate & Lyle
This member declared not having a position on this financial instrument or a related financial instrument.
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