WOOLWORTHS GROUP LIMITED
WOOLWORTHS GROUP LIMITED
- AUD (-)
- End-of-day data - Australia Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: WOW
ISIN: AU000000WOW2

WOOLWORTHS GROUP LIMITED - Daily - Technical analysis published on 02/25/2021 (GMT)

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  • Timeframe : Daily
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  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Neutral
Technical indicators
22%
56%
22%
My opinion
Bearish under 40.567 AUD
My targets
38.490 AUD (-2.56%)
36.977 AUD (-6.39%)
My analysis
The strong short-term decrease of WOOLWORTHS GROUP LIMITED should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 40.567 AUD, a sale could be considered. The first bearish objective is located at 38.490 AUD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 36.977 AUD. If there is any crossing, the next objective would be support 36.052 AUD. Caution, if there is a return to above 40.567 AUD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.1

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 knhassan. Take part yourself by sharing additional analysis on another time unit:
Weekly

Additional analysis

Quotes

WOOLWORTHS GROUP LIMITED rating 39.500 AUD. The price registered an increase of +1.05% on the session with the lowest point at 38.990 AUD and the highest point at 39.740 AUD. The deviation from the price is +1.31% for the low point and -0.60% for the high point.

38.990
39.740
39.500

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this WOOLWORTHS GROUP LIMITED chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 36.977 38.490 39.336 39.500 39.967 40.567 41.650
Change (%) -6.39% -2.56% -0.42% - +1.18% +2.70% +5.44%
Change -2.523 -1.010 -0.164 - +0.467 +1.067 +2.150
Level Intermediate Major Major - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard38.21338.44738.76839.00239.32339.55739.878
Camarilla38.93738.98839.03939.09039.14139.19239.243
Woodie38.25838.46938.81339.02439.36839.57939.923
Fibonacci38.44738.65938.79039.00239.21439.34539.557


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard35.72737.29338.40739.97341.08742.65343.767
Camarilla38.78339.02939.27439.52039.76640.01140.257
Woodie35.50037.18038.18039.86040.86042.54043.540
Fibonacci37.29338.31738.95039.97340.99741.63042.653


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard36.12337.54739.20340.62742.28343.70745.363
Camarilla40.01340.29540.57840.86041.14241.42541.707
Woodie36.24037.60539.32040.68542.40043.76545.480
Fibonacci37.54738.72339.45040.62741.80342.53043.707

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): 42.72
MACD (12,26,9): -0.2450
Directional Movement: -6.666
AROON (14): -64.286
DEMA (21): 40.033
Parabolic SAR (0,02-0,02-0,2): 41.331
Elder Ray (13): -0.663
Super Trend (3,10): 41.190
Zig ZAG (10): 39.500
VORTEX (21): 0.8400
Stochastique (14,3,5): 17.89
TEMA (21): 39.529
Williams %R (14): -73.38
Chande Momentum Oscillator (20): -2.150
Repulse (5,40,3): 0.8460
ROCnROLL: 2
TRIX (15,9): 0.0210
Courbe Coppock: 7.13
MA7: 39.594
MA20: 40.613
MA50: 40.151
MA100: 39.245
MAexp7: 39.654
MAexp20: 40.200
MAexp50: 40.014
MAexp100: 39.491
Price / MA7: -0.24%
Price / MA20: -2.74%
Price / MA50: -1.62%
Price / MA100: +0.65%
Price / MAexp7: -0.39%
Price / MAexp20: -1.74%
Price / MAexp50: -1.28%
Price / MAexp100: +0.02%

Quotes : 2021-02-24 00:00:00 - End-of-day data - Australia Stocks

News


Don"t forget to follow the news on WOOLWORTHS GROUP LIMITED. At the time of publication of this analysis, the latest news was as follows:

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

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