TESCO ORD 6 1/3P - 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:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 218.70 GBX
My targets
212.30 GBX (-2.93%)
198.80 GBX (-9.10%)
My analysis
TESCO ORD 5P is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 218.70 GBX. The next support located at 212.30 GBX is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 198.80 GBX. Below this support, sellers could then target 189.70 GBX. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
The TESCO ORD 5P price is 218.70 GBX. On the day, this instrument gained +0.23% with the lowest point at 216.40 GBX and the highest point at 220.00 GBX. The deviation from the price is +1.06% for the low point and -0.59% for the high point.216.40
220.00
218.70
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
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 this Daily chart of TESCO ORD 5P indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 189.70 | 198.80 | 212.30 | 218.70 | 218.70 | 224.40 | 236.90 |
| Change (%) | -13.26% | -9.10% | -2.93% | 0% | - | +2.61% | +8.32% |
| Change | -29.00 | -19.90 | -6.40 | 0 | - | +5.70 | +18.20 |
| Level | Major | Minor | Intermediate | Major | - | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 213.70 | 215.20 | 216.70 | 218.20 | 219.70 | 221.20 | 222.70 |
| Camarilla | 217.38 | 217.65 | 217.93 | 218.20 | 218.48 | 218.75 | 219.03 |
| Woodie | 213.70 | 215.20 | 216.70 | 218.20 | 219.70 | 221.20 | 222.70 |
| Fibonacci | 215.20 | 216.35 | 217.05 | 218.20 | 219.35 | 220.05 | 221.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 208.60 | 211.20 | 214.70 | 217.30 | 220.80 | 223.40 | 226.90 |
| Camarilla | 216.52 | 217.08 | 217.64 | 218.20 | 218.76 | 219.32 | 219.88 |
| Woodie | 209.05 | 211.43 | 215.15 | 217.53 | 221.25 | 223.63 | 227.35 |
| Fibonacci | 211.20 | 213.53 | 214.97 | 217.30 | 219.63 | 221.07 | 223.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 195.03 | 208.57 | 215.93 | 229.47 | 236.83 | 250.37 | 257.73 |
| Camarilla | 217.55 | 219.47 | 221.38 | 223.30 | 225.22 | 227.13 | 229.05 |
| Woodie | 191.95 | 207.03 | 212.85 | 227.93 | 233.75 | 248.83 | 254.65 |
| Fibonacci | 208.57 | 216.55 | 221.48 | 229.47 | 237.45 | 242.38 | 250.37 |
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): | 37.12 | |
| MACD (12,26,9): | -4.2300 | |
| Directional Movement: | -11.61 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 218.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 221.20 | |
| Elder Ray (13): | -3.48 | |
| Super Trend (3,10): | 228.67 | |
| Zig ZAG (10): | 218.70 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 24.04 | |
| TEMA (21): | 216.12 | |
| Williams %R (14): | -70.41 | |
| Chande Momentum Oscillator (20): | -8.10 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 12.95 |
| MA7: | 218.03 | |
| MA20: | 226.09 | |
| MA50: | 229.66 | |
| MA100: | 232.97 | |
| MAexp7: | 219.25 | |
| MAexp20: | 224.07 | |
| MAexp50: | 228.48 | |
| MAexp100: | 229.13 | |
| Price / MA7: | +0.31% | |
| Price / MA20: | -3.27% | |
| Price / MA50: | -4.77% | |
| Price / MA100: | -6.13% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -2.40% | |
| Price / MAexp50: | -4.28% | |
| Price / MAexp100: | -4.55% |
News
Don"t forget to follow the news on TESCO ORD 5P. At the time of publication of this analysis, the latest news was as follows:
-
The brief: Gender balance makes steady progress, Tesco warns against no-deal Brexit
-
US-China trade war outlook, China trade, UK wages, Tesco Q1 update – 8 June 2019
-
Tesco checks out of its mortgage business
-
Tesco share price | What to expect from annual results
-
India and Israel elections, Tesco and JPMorgan results
This member declared not having a position on this financial instrument or a related financial instrument.
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