QUILTER ORD 8 1/6P - Daily - Technical analysis published on 01/22/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 156.18 GBX
My targets
169.97 GBX (+2.70%)
179.23 GBX (+8.30%)
My analysis
The basic bullish trend is very strong on QUILTER ORD GBP0.07 but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 156.18 GBX. Crossing the first resistance at 169.97 GBX would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 179.23 GBX as an objective. Crossing it would then enable buyers to target 193.02 GBX. Caution, a return to below 156.18 GBX would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
0
10
3.8
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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
The QUILTER ORD GBP0.07 price is 165.50 GBX. On the day, this instrument gained +6.33% with the lowest point at 152.65 GBX and the highest point at 178.95 GBX. The deviation from the price is +8.42% for the low point and -7.52% for the high point.152.65
178.95
165.50
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by QUILTER ORD GBP0.07:
Technical
A technical analysis in Daily of this QUILTER ORD GBP0.07 chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
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
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 126.19 | 139.65 | 146.97 | 165.50 | 167.55 |
| Change (%) | -23.75% | -15.62% | -11.20% | - | +1.24% |
| Change | -39.31 | -25.85 | -18.53 | - | +2.05 |
| Level | Minor | Minor | 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 | 153.02 | 154.08 | 154.62 | 155.68 | 156.22 | 157.28 | 157.82 |
| Camarilla | 154.71 | 154.86 | 155.00 | 155.15 | 155.30 | 155.44 | 155.59 |
| Woodie | 152.75 | 153.95 | 154.35 | 155.55 | 155.95 | 157.15 | 157.55 |
| Fibonacci | 154.08 | 154.70 | 155.07 | 155.68 | 156.30 | 156.67 | 157.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.57 | 156.78 | 160.07 | 164.28 | 167.57 | 171.78 | 175.07 |
| Camarilla | 161.29 | 161.98 | 162.66 | 163.35 | 164.04 | 164.73 | 165.41 |
| Woodie | 152.10 | 156.55 | 159.60 | 164.05 | 167.10 | 171.55 | 174.60 |
| Fibonacci | 156.78 | 159.65 | 161.42 | 164.28 | 167.15 | 168.92 | 171.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.87 | 133.13 | 146.92 | 156.18 | 169.97 | 179.23 | 193.02 |
| Camarilla | 154.36 | 156.47 | 158.59 | 160.70 | 162.81 | 164.93 | 167.04 |
| Woodie | 126.13 | 134.26 | 149.18 | 157.31 | 172.23 | 180.36 | 195.28 |
| Fibonacci | 133.13 | 141.94 | 147.38 | 156.18 | 164.99 | 170.43 | 179.23 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.59 | |
| MACD (12,26,9): | 0.8800 | |
| Directional Movement: | -6.25 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 161.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 166.22 | |
| Elder Ray (13): | -3.89 | |
| Super Trend (3,10): | 166.34 | |
| Zig ZAG (10): | 155.65 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 6.44 | |
| TEMA (21): | 158.72 | |
| Williams %R (14): | -91.13 | |
| Chande Momentum Oscillator (20): | -9.95 | |
| Repulse (5,40,3): | -2.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2600 | |
| Courbe Coppock: | 3.65 |
| MA7: | 158.20 | |
| MA20: | 161.15 | |
| MA50: | 152.92 | |
| MA100: | 144.37 | |
| MAexp7: | 157.87 | |
| MAexp20: | 159.08 | |
| MAexp50: | 154.18 | |
| MAexp100: | 148.56 | |
| Price / MA7: | +4.61% | |
| Price / MA20: | +2.70% | |
| Price / MA50: | +8.23% | |
| Price / MA100: | +14.64% | |
| Price / MAexp7: | +4.83% | |
| Price / MAexp20: | +4.04% | |
| Price / MAexp50: | +7.34% | |
| Price / MAexp100: | +11.40% |
This member declared not having a position on this financial instrument or a related financial instrument.
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