REDROW ORD 10.5P - Daily - Technical analysis published on 12/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 681 GBX
My targets
734 GBX (+1.06%)
783 GBX (+7.89%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on REDROW ORD 10.5P as long as the price remains well above 681 GBX. The buyers” bullish objective is set at 734 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 783 GBX. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
REDROW ORD 10.5P rating 726 GBX. On the day, this instrument lost -0.28% with the lowest point at 721 GBX and the highest point at 732 GBX. The deviation from the price is +0.69% for the low point and -0.82% for the high point.721
732
726
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by REDROW ORD 10.5P:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Daily chart of REDROW ORD 10.5P indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 639 | 664 | 681 | 726 | 727 |
| Change (%) | -11.98% | -8.54% | -6.20% | - | +0.14% |
| Change | -87 | -62 | -45 | - | +1 |
| Level | Intermediate | Major | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 707 | 714 | 721 | 728 | 735 | 742 | 749 |
| Camarilla | 724 | 725 | 727 | 728 | 729 | 731 | 732 |
| Woodie | 707 | 714 | 721 | 728 | 735 | 742 | 749 |
| Fibonacci | 714 | 719 | 723 | 728 | 733 | 737 | 742 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 570 | 617 | 666 | 713 | 762 | 809 | 858 |
| Camarilla | 690 | 698 | 707 | 716 | 725 | 734 | 742 |
| Woodie | 572 | 618 | 668 | 714 | 764 | 810 | 860 |
| Fibonacci | 617 | 653 | 676 | 713 | 749 | 772 | 809 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 525 | 562 | 611 | 648 | 697 | 734 | 783 |
| Camarilla | 637 | 645 | 653 | 661 | 669 | 677 | 685 |
| Woodie | 532 | 565 | 618 | 651 | 704 | 737 | 790 |
| Fibonacci | 562 | 595 | 615 | 648 | 681 | 701 | 734 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 75.00 | |
| MACD (12,26,9): | 22.0000 | |
| Directional Movement: | 31 | |
| AROON (14): | 58 | |
| DEMA (21): | 711 | |
| Parabolic SAR (0,02-0,02-0,2): | 681 | |
| Elder Ray (13): | 31 | |
| Super Trend (3,10): | 670 | |
| Zig ZAG (10): | 726 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 72.00 | |
| TEMA (21): | 721 | |
| Williams %R (14): | -31.00 | |
| Chande Momentum Oscillator (20): | 65 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 14.00 |
| MA7: | 706 | |
| MA20: | 680 | |
| MA50: | 648 | |
| MA100: | 608 | |
| MAexp7: | 711 | |
| MAexp20: | 685 | |
| MAexp50: | 653 | |
| MAexp100: | 622 | |
| Price / MA7: | +2.83% | |
| Price / MA20: | +6.76% | |
| Price / MA50: | +12.04% | |
| Price / MA100: | +19.41% | |
| Price / MAexp7: | +2.11% | |
| Price / MAexp20: | +5.99% | |
| Price / MAexp50: | +11.18% | |
| Price / MAexp100: | +16.72% |
News
The last news published on REDROW ORD 10.5P at the time of the generation of this analysis was as follows:
- Norges Bank - Form 8.3 - Redrow PLC
- HSBC Bank Plc : Form 8.5 (EPT/RI) - Redrow PLC
- HSBC Bank Plc : Form 8.5 (EPT/RI) - Redrow PLC
- HSBC Bank Plc : Form 8.5 (EPT/RI) - Redrow PLC
- HSBC Bank Plc : Form 8.5 (EPT/RI) - Redrow PLC
This member declared not having a position on this financial instrument or a related financial instrument.
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