PZ CUSSONS ORD 1P - Daily - Technical analysis published on 01/29/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 202.0 GBX
My targets
193.4 GBX (-1.83%)
179.3 GBX (-8.98%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PZ CUSSONS ORD 1P as long as the price remains well below 202.0 GBX. The sellers” bearish objective is set at 193.4 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 179.3 GBX. In case of crossing, the next objective would be the support located at 150.3 GBX. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.7
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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
PZ CUSSONS ORD 1P rating 197.0 GBX. On the day, this instrument lost +1.23% and was traded between 193.0 GBX and 199.2 GBX over the period. The price is currently at +2.07% from its lowest and -1.10% from its highest.193.0
199.2
197.0
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PZ CUSSONS ORD 1P in Daily shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bearish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
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 this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 150.3 | 179.3 | 193.4 | 197.0 | 202.0 | 212.4 | 219.9 |
| Change (%) | -23.71% | -8.98% | -1.83% | - | +2.54% | +7.82% | +11.62% |
| Change | -46.7 | -17.7 | -3.6 | - | +5.0 | +15.4 | +22.9 |
| Level | Minor | Major | Intermediate | - | Major | 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 | 191.7 | 194.2 | 197.9 | 200.4 | 204.1 | 206.6 | 210.3 |
| Camarilla | 199.8 | 200.4 | 200.9 | 201.5 | 202.1 | 202.6 | 203.2 |
| Woodie | 192.2 | 194.5 | 198.4 | 200.7 | 204.6 | 206.9 | 210.8 |
| Fibonacci | 194.2 | 196.6 | 198.1 | 200.4 | 202.8 | 204.3 | 206.6 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 182.7 | 189.3 | 194.7 | 201.3 | 206.7 | 213.3 | 218.7 |
| Camarilla | 196.7 | 197.8 | 198.9 | 200.0 | 201.1 | 202.2 | 203.3 |
| Woodie | 182.0 | 189.0 | 194.0 | 201.0 | 206.0 | 213.0 | 218.0 |
| Fibonacci | 189.3 | 193.9 | 196.8 | 201.3 | 205.9 | 208.8 | 213.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 145.0 | 161.1 | 184.3 | 200.4 | 223.6 | 239.7 | 262.9 |
| Camarilla | 196.7 | 200.3 | 203.9 | 207.5 | 211.1 | 214.7 | 218.3 |
| Woodie | 148.6 | 162.9 | 187.9 | 202.2 | 227.2 | 241.5 | 266.5 |
| Fibonacci | 161.1 | 176.1 | 185.4 | 200.4 | 215.4 | 224.7 | 239.7 |
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): | 42.20 | |
| MACD (12,26,9): | -0.6000 | |
| Directional Movement: | 1.9 | |
| AROON (14): | -92.9 | |
| DEMA (21): | 200.0 | |
| Parabolic SAR (0,02-0,02-0,2): | 213.8 | |
| Elder Ray (13): | -0.2 | |
| Super Trend (3,10): | 183.4 | |
| Zig ZAG (10): | 194.6 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 16.30 | |
| TEMA (21): | 199.3 | |
| Williams %R (14): | -98.80 | |
| Chande Momentum Oscillator (20): | -10.4 | |
| Repulse (5,40,3): | -6.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 6.90 |
| MA7: | 199.3 | |
| MA20: | 202.9 | |
| MA50: | 200.0 | |
| MA100: | 203.0 | |
| MAexp7: | 198.9 | |
| MAexp20: | 200.3 | |
| MAexp50: | 200.9 | |
| MAexp100: | 202.4 | |
| Price / MA7: | -1.15% | |
| Price / MA20: | -2.91% | |
| Price / MA50: | -1.50% | |
| Price / MA100: | -2.96% | |
| Price / MAexp7: | -0.96% | |
| Price / MAexp20: | -1.65% | |
| Price / MAexp50: | -1.94% | |
| Price / MAexp100: | -2.67% |
News
The last news published on PZ CUSSONS ORD 1P at the time of the generation of this analysis was as follows:
PZ CussonsThis member declared not having a position on this financial instrument or a related financial instrument.
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