BAE SYSTEMS ORD 2.5P - Daily - Technical analysis published on 10/28/2019 (GMT)
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- 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 559.3 GBX
My targets
588.2 GBX (+4.03%)
635.7 GBX (+12.43%)
My analysis
The bullish trend is currently very strong on BAE SYSTEMS ORD 2.5P. As long as the price remains above the support at 559.3 GBX, you could try to benefit from the boom. The first bullish objective is located at 588.2 GBX. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 635.7 GBX as an objective. Crossing it would then enable buyers to target 676.7 GBX. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8
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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 BAE SYSTEMS ORD 2.5P rating is 565.4 GBX. On the day, this instrument gained +1.18% with the lowest point at 553.2 GBX and the highest point at 566.4 GBX. The deviation from the price is +2.21% for the low point and -0.18% for the high point.553.2
566.4
565.4
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BAE SYSTEMS ORD 2.5P:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BAE SYSTEMS ORD 2.5P in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
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 | 511.2 | 535.5 | 559.3 | 565.4 | 588.2 | 635.7 | 676.7 |
| Change (%) | -9.59% | -5.29% | -1.08% | - | +4.03% | +12.43% | +19.69% |
| Change | -54.2 | -29.9 | -6.1 | - | +22.8 | +70.3 | +111.3 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 543.5 | 546.5 | 552.7 | 555.7 | 561.9 | 564.9 | 571.1 |
| Camarilla | 556.3 | 557.1 | 558.0 | 558.8 | 559.6 | 560.5 | 561.3 |
| Woodie | 545.0 | 547.3 | 554.2 | 556.5 | 563.4 | 565.7 | 572.6 |
| Fibonacci | 546.5 | 550.1 | 552.2 | 555.7 | 559.3 | 561.4 | 564.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 513.8 | 522.8 | 540.8 | 549.8 | 567.8 | 576.8 | 594.8 |
| Camarilla | 551.4 | 553.9 | 556.3 | 558.8 | 561.3 | 563.8 | 566.2 |
| Woodie | 518.3 | 525.1 | 545.3 | 552.1 | 572.3 | 579.1 | 599.3 |
| Fibonacci | 522.8 | 533.1 | 539.5 | 549.8 | 560.1 | 566.5 | 576.8 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 492.7 | 514.4 | 537.3 | 559.0 | 581.9 | 603.6 | 626.6 |
| Camarilla | 548.0 | 552.1 | 556.2 | 560.3 | 564.3 | 568.4 | 572.5 |
| Woodie | 493.3 | 514.7 | 537.9 | 559.3 | 582.6 | 603.9 | 627.2 |
| Fibonacci | 514.4 | 531.4 | 542.0 | 559.0 | 576.1 | 586.6 | 603.6 |
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): | 63.20 | |
| MACD (12,26,9): | 0.7000 | |
| Directional Movement: | 13.0 | |
| AROON (14): | 28.6 | |
| DEMA (21): | 548.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 530.9 | |
| Elder Ray (13): | 11.3 | |
| Super Trend (3,10): | 529.0 | |
| Zig ZAG (10): | 565.4 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 98.50 | |
| TEMA (21): | 548.1 | |
| Williams %R (14): | -1.20 | |
| Chande Momentum Oscillator (20): | 22.1 | |
| Repulse (5,40,3): | 5.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 2.40 |
| MA7: | 546.6 | |
| MA20: | 543.9 | |
| MA50: | 549.7 | |
| MA100: | 527.9 | |
| MAexp7: | 551.6 | |
| MAexp20: | 547.9 | |
| MAexp50: | 544.1 | |
| MAexp100: | 530.0 | |
| Price / MA7: | +3.44% | |
| Price / MA20: | +3.95% | |
| Price / MA50: | +2.86% | |
| Price / MA100: | +7.10% | |
| Price / MAexp7: | +2.50% | |
| Price / MAexp20: | +3.19% | |
| Price / MAexp50: | +3.91% | |
| Price / MAexp100: | +6.68% |
News
The last news published on BAE SYSTEMS ORD 2.5P at the time of the generation of this analysis was as follows:
- BAE Systems Selected to Provide Open Source Intelligence Support to the U.S. Army
- BAE Systems’ RAVEN Countermeasure System Protects Vehicles From Missile Threats
- BAE Systems Unveils Robotic Technology Demonstrator Vehicle at AUSA
- AAR expands Component Repair services with BAE Systems, providing additional regional jet program support
- BAE Systems Unveils Next-generation Electric Propulsion System for Transit Buses to Help Cities around the World Get to Zero Emissions
This member declared not having a position on this financial instrument or a related financial instrument.
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