MELROSE INDUSTRIES ORD 160/7P - Daily - Technical analysis published on 10/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 208.50 GBX
My targets
234.96 GBX (+10.78%)
261.20 GBX (+23.15%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MELROSE INDUSTRIES ORDS 48/7P as long as the price remains well above 208.50 GBX. The buyers” bullish objective is set at 234.96 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 261.20 GBX. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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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
MELROSE INDUSTRIES ORDS 48/7P rating 212.10 GBX. The price is lower by -1.90% since the last closing and was traded between 211.90 GBX and 218.30 GBX over the period. The price is currently at +0.09% from its lowest and -2.84% from its highest.211.90
218.30
212.10
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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
A technical analysis in Daily of this MELROSE INDUSTRIES ORDS 48/7P chart shows a strongly bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
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:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 187.13 | 198.80 | 208.50 | 212.10 | 234.96 | 261.20 |
| Change (%) | -11.77% | -6.27% | -1.70% | - | +10.78% | +23.15% |
| Change | -24.97 | -13.30 | -3.60 | - | +22.86 | +49.10 |
| Level | Major | Major | Major | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 209.27 | 212.33 | 214.27 | 217.33 | 219.27 | 222.33 | 224.27 |
| Camarilla | 214.83 | 215.28 | 215.74 | 216.20 | 216.66 | 217.12 | 217.58 |
| Woodie | 208.70 | 212.05 | 213.70 | 217.05 | 218.70 | 222.05 | 223.70 |
| Fibonacci | 212.33 | 214.24 | 215.42 | 217.33 | 219.24 | 220.42 | 222.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 186.00 | 192.00 | 199.00 | 205.00 | 212.00 | 218.00 | 225.00 |
| Camarilla | 202.43 | 203.62 | 204.81 | 206.00 | 207.19 | 208.38 | 209.58 |
| Woodie | 186.50 | 192.25 | 199.50 | 205.25 | 212.50 | 218.25 | 225.50 |
| Fibonacci | 192.00 | 196.97 | 200.03 | 205.00 | 209.97 | 213.03 | 218.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 151.73 | 164.78 | 183.19 | 196.25 | 214.66 | 227.71 | 246.12 |
| Camarilla | 192.95 | 195.83 | 198.72 | 201.60 | 204.48 | 207.37 | 210.25 |
| Woodie | 154.40 | 166.12 | 185.87 | 197.58 | 217.33 | 229.05 | 248.80 |
| Fibonacci | 164.78 | 176.80 | 184.23 | 196.25 | 208.27 | 215.69 | 227.71 |
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): | 61.65 | |
| MACD (12,26,9): | 5.4100 | |
| Directional Movement: | 14.53 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 212.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 206.55 | |
| Elder Ray (13): | 6.85 | |
| Super Trend (3,10): | 201.68 | |
| Zig ZAG (10): | 212.30 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 87.37 | |
| TEMA (21): | 213.87 | |
| Williams %R (14): | -23.60 | |
| Chande Momentum Oscillator (20): | 22.05 | |
| Repulse (5,40,3): | -2.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2900 | |
| Courbe Coppock: | 19.95 |
| MA7: | 212.33 | |
| MA20: | 201.95 | |
| MA50: | 194.47 | |
| MA100: | 186.36 | |
| MAexp7: | 211.77 | |
| MAexp20: | 205.38 | |
| MAexp50: | 197.27 | |
| MAexp100: | 190.13 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | +5.03% | |
| Price / MA50: | +9.07% | |
| Price / MA100: | +13.81% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +3.27% | |
| Price / MAexp50: | +7.52% | |
| Price / MAexp100: | +11.56% |
News
Don"t forget to follow the news on MELROSE INDUSTRIES ORDS 48/7P. At the time of publication of this analysis, the latest news was as follows:
- Dimensional Fund Advisors Ltd. : Form 8.3 - Melrose Industries Plc - Ordinary shares
- Dimensional Fund Advisors Ltd. : Form 8.3 - Melrose Industries Plc - Ordinary shares
- OZ Management LP : Form 8.3 - GKN plc
- Dimensional Fund Advisors Ltd. : Form 8.3 - Melrose Industries Plc - Ordinary shares
- Davidson Kempner Capital Management LP : Form 8.3 - [Insert name of offeree or offeror]
This member declared not having a position on this financial instrument or a related financial instrument.
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