MORRISON (WM) SUPERMARKETS ORD 10P
MORRISON (WM) SUPERMARKETS ORD 10P
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MRW
ISIN: GB0006043169

MORRISON (WM) SUPERMARKETS ORD 10P - Daily - Technical analysis published on 10/10/2019 (GMT)

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  • Timeframe : Daily
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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

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.

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.

Central Gaps

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard190.07191.63192.42193.98194.77196.33197.12
Camarilla192.55192.77192.99193.20193.42193.63193.85
Woodie189.68191.44192.03193.79194.38196.14196.73
Fibonacci191.63192.53193.09193.98194.88195.44196.33


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard176.73183.52189.13195.92201.53208.32213.93
Camarilla191.34192.48193.61194.75195.89197.02198.16
Woodie176.15183.23188.55195.63200.95208.03213.35
Fibonacci183.52188.25191.18195.92200.65203.58208.32


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard151.33163.44181.87193.99212.41224.53242.96
Camarilla191.90194.70197.50200.30203.10205.90208.70
Woodie154.49165.02185.03195.56215.57226.11246.11
Fibonacci163.44175.11182.32193.99205.65212.86224.53

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%

This member declared not having a position on this financial instrument or a related financial instrument.

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