MORRISON (WM) SUPERMARKETS ORD 10P - Daily - Technical analysis published on 10/10/2019 (GMT)
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- Timeframe : Daily
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MORRISON (WM) SUPERMARKETS ORD 10P Chart
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 192.50 GBX
My targets
185.00 GBX (-3.65%)
176.90 GBX (-7.86%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on MORRISON (WM) SUPERMARKETS ORD 10P as long as the price remains well below 192.50 GBX. The next bearish objective for sellers is set at 185.00 GBX. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 176.90 GBX. If there is any crossing, the next objective would be the support located at 161.50 GBX. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
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
4.1
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
MORRISON (WM) SUPERMARKETS ORD 10P rating 192.00 GBX. The price registered a decrease of -0.62% on the session and was traded between 191.55 GBX and 195.30 GBX over the period. The price is currently at +0.23% from its lowest and -1.69% from its highest.191.55
195.30
192.00
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this MORRISON (WM) SUPERMARKETS ORD 10P chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
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 | 161.50 | 176.90 | 185.00 | 192.00 | 192.50 | 209.40 | 220.00 |
Change (%) | -15.89% | -7.86% | -3.65% | - | +0.26% | +9.06% | +14.58% |
Change | -30.50 | -15.10 | -7.00 | - | +0.50 | +17.40 | +28.00 |
Level | Intermediate | Major | Intermediate | - | Major | Major | Intermediate |
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 | 190.07 | 191.63 | 192.42 | 193.98 | 194.77 | 196.33 | 197.12 |
Camarilla | 192.55 | 192.77 | 192.99 | 193.20 | 193.42 | 193.63 | 193.85 |
Woodie | 189.68 | 191.44 | 192.03 | 193.79 | 194.38 | 196.14 | 196.73 |
Fibonacci | 191.63 | 192.53 | 193.09 | 193.98 | 194.88 | 195.44 | 196.33 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 176.73 | 183.52 | 189.13 | 195.92 | 201.53 | 208.32 | 213.93 |
Camarilla | 191.34 | 192.48 | 193.61 | 194.75 | 195.89 | 197.02 | 198.16 |
Woodie | 176.15 | 183.23 | 188.55 | 195.63 | 200.95 | 208.03 | 213.35 |
Fibonacci | 183.52 | 188.25 | 191.18 | 195.92 | 200.65 | 203.58 | 208.32 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 151.33 | 163.44 | 181.87 | 193.99 | 212.41 | 224.53 | 242.96 |
Camarilla | 191.90 | 194.70 | 197.50 | 200.30 | 203.10 | 205.90 | 208.70 |
Woodie | 154.49 | 165.02 | 185.03 | 195.56 | 215.57 | 226.11 | 246.11 |
Fibonacci | 163.44 | 175.11 | 182.32 | 193.99 | 205.65 | 212.86 | 224.53 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 46.91 | |
MACD (12,26,9): | 1.1300 | |
Directional Movement: | -3.76 | |
AROON (14): | -21.43 | |
DEMA (21): | 196.72 | |
Parabolic SAR (0,02-0,02-0,2): | 199.86 | |
Elder Ray (13): | -1.68 | |
Super Trend (3,10): | 190.78 | |
Zig ZAG (10): | 191.85 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 22.45 | |
TEMA (21): | 196.25 | |
Williams %R (14): | -87.50 | |
Chande Momentum Oscillator (20): | -3.17 | |
Repulse (5,40,3): | -2.2300 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.2000 | |
Courbe Coppock: | 3.30 |
MA7: | 194.16 | |
MA20: | 197.52 | |
MA50: | 187.96 | |
MA100: | 192.56 | |
MAexp7: | 194.43 | |
MAexp20: | 194.63 | |
MAexp50: | 192.69 | |
MAexp100: | 194.68 | |
Price / MA7: | -1.11% | |
Price / MA20: | -2.79% | |
Price / MA50: | +2.15% | |
Price / MA100: | -0.29% | |
Price / MAexp7: | -1.25% | |
Price / MAexp20: | -1.35% | |
Price / MAexp50: | -0.36% | |
Price / MAexp100: | -1.38% |
News
Don"t forget to follow the news on MORRISON (WM) SUPERMARKETS ORD 10P. At the time of publication of this analysis, the latest news was as follows:
- ‘Beloved’ Author Toni Morrison Dies At 88 | NBC Nightly News
- Jesse Jackson: Toni Morrison's work transcended race and gender
- Remembering Legendary Author And Nobel Laureate Toni Morrison | NBC News
- Nobel laureate author Toni Morrison has died at age 88: reports
- New Destiny Mining Retains Trevor Morrison for Investor Relations
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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