ANGLO AMERICAN ORD USD0.54945 - Daily - Technical analysis published on 10/08/2019 (GMT)
- Who voted?
- 235
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1,864.0 GBX
My targets
1,648.5 GBX (-9.90%)
1,411.7 GBX (-22.84%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ANGLO AMERICAN ORD USD0.54945 as long as the price remains well below 1,864.0 GBX. The sellers” bearish objective is set at 1,648.5 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,411.7 GBX. In case of crossing, the next objective would be the support located at 923.1 GBX. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.3
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
The ANGLO AMERICAN ORD USD0.54945 price is 1,829.6 GBX. The price is lower by -0.19% since the last closing and was between 1,818.8 GBX and 1,853.4 GBX. This implies that the price is at +0.59% from its lowest and at -1.28% from its highest.1,818.8
1,853.4
1,829.6
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ANGLO AMERICAN ORD USD0.54945 chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 923.1 | 1,411.7 | 1,648.5 | 1,829.6 | 1,864.0 | 1,926.4 | 1,985.6 |
| Change (%) | -49.55% | -22.84% | -9.90% | - | +1.88% | +5.29% | +8.53% |
| Change | -906.5 | -417.9 | -181.1 | - | +34.4 | +96.8 | +156.0 |
| Level | Major | Major | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,776.9 | 1,789.7 | 1,811.3 | 1,824.1 | 1,845.7 | 1,858.5 | 1,880.1 |
| Camarilla | 1,823.5 | 1,826.7 | 1,829.9 | 1,833.0 | 1,836.2 | 1,839.3 | 1,842.5 |
| Woodie | 1,781.4 | 1,791.9 | 1,815.8 | 1,826.3 | 1,850.2 | 1,860.7 | 1,884.6 |
| Fibonacci | 1,789.7 | 1,802.8 | 1,810.9 | 1,824.1 | 1,837.2 | 1,845.3 | 1,858.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,610.5 | 1,684.9 | 1,752.1 | 1,826.5 | 1,893.7 | 1,968.1 | 2,035.3 |
| Camarilla | 1,780.5 | 1,793.4 | 1,806.4 | 1,819.4 | 1,832.4 | 1,845.4 | 1,858.3 |
| Woodie | 1,607.0 | 1,683.1 | 1,748.6 | 1,824.7 | 1,890.2 | 1,966.3 | 2,031.8 |
| Fibonacci | 1,684.9 | 1,739.0 | 1,772.4 | 1,826.5 | 1,880.6 | 1,914.0 | 1,968.1 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,497.8 | 1,622.0 | 1,746.6 | 1,870.8 | 1,995.4 | 2,119.6 | 2,244.2 |
| Camarilla | 1,802.8 | 1,825.6 | 1,848.4 | 1,871.2 | 1,894.0 | 1,916.8 | 1,939.6 |
| Woodie | 1,498.0 | 1,622.1 | 1,746.8 | 1,870.9 | 1,995.6 | 2,119.7 | 2,244.4 |
| Fibonacci | 1,622.0 | 1,717.0 | 1,775.8 | 1,870.8 | 1,965.8 | 2,024.6 | 2,119.6 |
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): | 46.90 | |
| MACD (12,26,9): | -10.1000 | |
| Directional Movement: | -3.1 | |
| AROON (14): | -78.6 | |
| DEMA (21): | 1,833.9 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,759.2 | |
| Elder Ray (13): | -4.0 | |
| Super Trend (3,10): | 1,920.6 | |
| Zig ZAG (10): | 1,831.0 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 39.80 | |
| TEMA (21): | 1,839.1 | |
| Williams %R (14): | -54.30 | |
| Chande Momentum Oscillator (20): | -65.0 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 8.50 |
| MA7: | 1,828.2 | |
| MA20: | 1,871.3 | |
| MA50: | 1,831.8 | |
| MA100: | 1,965.4 | |
| MAexp7: | 1,830.3 | |
| MAexp20: | 1,845.2 | |
| MAexp50: | 1,876.6 | |
| MAexp100: | 1,915.6 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -2.23% | |
| Price / MA50: | -0.12% | |
| Price / MA100: | -6.91% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.85% | |
| Price / MAexp50: | -2.50% | |
| Price / MAexp100: | -4.49% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ANGLO AMERICAN ORD USD0.54945 - Daily