WOOLWORTHS GROUP LIMITED - Daily - Technical analysis published on 02/25/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- 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
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This analysis was given by knhassan. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 38.213 | 38.447 | 38.768 | 39.002 | 39.323 | 39.557 | 39.878 |
Camarilla | 38.937 | 38.988 | 39.039 | 39.090 | 39.141 | 39.192 | 39.243 |
Woodie | 38.258 | 38.469 | 38.813 | 39.024 | 39.368 | 39.579 | 39.923 |
Fibonacci | 38.447 | 38.659 | 38.790 | 39.002 | 39.214 | 39.345 | 39.557 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 35.727 | 37.293 | 38.407 | 39.973 | 41.087 | 42.653 | 43.767 |
Camarilla | 38.783 | 39.029 | 39.274 | 39.520 | 39.766 | 40.011 | 40.257 |
Woodie | 35.500 | 37.180 | 38.180 | 39.860 | 40.860 | 42.540 | 43.540 |
Fibonacci | 37.293 | 38.317 | 38.950 | 39.973 | 40.997 | 41.630 | 42.653 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 36.123 | 37.547 | 39.203 | 40.627 | 42.283 | 43.707 | 45.363 |
Camarilla | 40.013 | 40.295 | 40.578 | 40.860 | 41.142 | 41.425 | 41.707 |
Woodie | 36.240 | 37.605 | 39.320 | 40.685 | 42.400 | 43.765 | 45.480 |
Fibonacci | 37.547 | 38.723 | 39.450 | 40.627 | 41.803 | 42.530 | 43.707 |
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
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End-of-day data
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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:
- Australia's Largest Supermarket Chain, Woolworths Accepts UnionPay QuickPass
- Australia's Largest Supermarket Chain, Woolworths Accepts UnionPay QuickPass
- Woolworths Shares Up On Bid Rumours
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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