VICTREX ORD 1P - Daily - Technical analysis published on 02/05/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 2,300 GBX
My targets
2,187 GBX (-3.49%)
2,066 GBX (-8.83%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VICTREX ORD 1P as long as the price remains well below 2,300 GBX. The sellers” bearish objective is set at 2,187 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,066 GBX. In case of crossing, the next objective would be the support located at 1,948 GBX.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
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
VICTREX ORD 1P rating 2,266 GBX. The price registered a decrease of +1.71% on the session and was between 2,242 GBX and 2,282 GBX. This implies that the price is at +1.07% from its lowest and at -0.70% from its highest.2,242
2,282
2,266
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of VICTREX ORD 1P in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,948 | 2,066 | 2,187 | 2,266 | 2,300 | 2,392 | 2,466 |
| Change (%) | -14.03% | -8.83% | -3.49% | - | +1.50% | +5.56% | +8.83% |
| Change | -318 | -200 | -79 | - | +34 | +126 | +200 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Major |
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 | 2,158 | 2,190 | 2,208 | 2,240 | 2,258 | 2,290 | 2,308 |
| Camarilla | 2,212 | 2,217 | 2,221 | 2,226 | 2,231 | 2,235 | 2,240 |
| Woodie | 2,151 | 2,187 | 2,201 | 2,237 | 2,251 | 2,287 | 2,301 |
| Fibonacci | 2,190 | 2,209 | 2,221 | 2,240 | 2,259 | 2,271 | 2,290 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,169 | 2,259 | 2,309 | 2,399 | 2,449 | 2,539 | 2,589 |
| Camarilla | 2,320 | 2,332 | 2,345 | 2,358 | 2,371 | 2,384 | 2,397 |
| Woodie | 2,148 | 2,249 | 2,288 | 2,389 | 2,428 | 2,529 | 2,568 |
| Fibonacci | 2,259 | 2,313 | 2,346 | 2,399 | 2,453 | 2,486 | 2,539 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,079 | 2,179 | 2,341 | 2,441 | 2,603 | 2,703 | 2,865 |
| Camarilla | 2,430 | 2,454 | 2,478 | 2,502 | 2,526 | 2,550 | 2,574 |
| Woodie | 2,109 | 2,195 | 2,371 | 2,457 | 2,633 | 2,719 | 2,895 |
| Fibonacci | 2,179 | 2,279 | 2,341 | 2,441 | 2,541 | 2,603 | 2,703 |
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): | 26.00 | |
| MACD (12,26,9): | -50.0000 | |
| Directional Movement: | -18 | |
| AROON (14): | -100 | |
| DEMA (21): | 2,316 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,362 | |
| Elder Ray (13): | -93 | |
| Super Trend (3,10): | 2,428 | |
| Zig ZAG (10): | 2,216 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 9.00 | |
| TEMA (21): | 2,256 | |
| Williams %R (14): | -97.00 | |
| Chande Momentum Oscillator (20): | -218 | |
| Repulse (5,40,3): | -5.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 14.00 |
| MA7: | 2,292 | |
| MA20: | 2,401 | |
| MA50: | 2,419 | |
| MA100: | 2,307 | |
| MAexp7: | 2,289 | |
| MAexp20: | 2,367 | |
| MAexp50: | 2,379 | |
| MAexp100: | 2,323 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | -5.62% | |
| Price / MA50: | -6.32% | |
| Price / MA100: | -1.78% | |
| Price / MAexp7: | -1.00% | |
| Price / MAexp20: | -4.27% | |
| Price / MAexp50: | -4.75% | |
| Price / MAexp100: | -2.45% |
News
Don"t forget to follow the news on VICTREX ORD 1P. At the time of publication of this analysis, the latest news was as follows:
Victrex plcThis member declared not having a position on this financial instrument or a related financial instrument.
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