PARTNERS GROUP N - Daily - Technical analysis published on 10/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 783.50 CHF
My targets
741.00 CHF (-2.11%)
723.50 CHF (-4.43%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade PARTNERS GROUP N with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 783.50 CHF. The next bearish objective for sellers is set at 741.00 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 723.50 CHF. In case of crossing, the next objective would be the support located at 694.41 CHF. In the event of a bullish break in the resistance located at 783.50 CHF a certain indecision would take hold.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.9
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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 PARTNERS GROUP N price is 757.00 CHF. The price is lower by -0.11% since the last closing and was between 756.00 CHF and 765.40 CHF. This implies that the price is at +0.13% from its lowest and at -1.10% from its highest.756.00
765.40
757.00
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this PARTNERS GROUP N chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
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:
Horizontal resistance is broken
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 engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 694.41 | 723.50 | 741.00 | 757.00 | 783.50 | 815.80 |
| Change (%) | -8.27% | -4.43% | -2.11% | - | +3.50% | +7.77% |
| Change | -62.59 | -33.50 | -16.00 | - | +26.50 | +58.80 |
| Level | Major | Minor | Minor | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 742.53 | 749.87 | 754.73 | 762.07 | 766.93 | 774.27 | 779.13 |
| Camarilla | 756.25 | 757.36 | 758.48 | 759.60 | 760.72 | 761.84 | 762.96 |
| Woodie | 741.30 | 749.25 | 753.50 | 761.45 | 765.70 | 773.65 | 777.90 |
| Fibonacci | 749.87 | 754.53 | 757.41 | 762.07 | 766.73 | 769.61 | 774.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 697.00 | 716.60 | 733.40 | 753.00 | 769.80 | 789.40 | 806.20 |
| Camarilla | 740.19 | 743.53 | 746.86 | 750.20 | 753.54 | 756.87 | 760.21 |
| Woodie | 695.60 | 715.90 | 732.00 | 752.30 | 768.40 | 788.70 | 804.80 |
| Fibonacci | 716.60 | 730.51 | 739.10 | 753.00 | 766.91 | 775.50 | 789.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 655.13 | 699.67 | 732.73 | 777.27 | 810.33 | 854.87 | 887.93 |
| Camarilla | 744.46 | 751.57 | 758.69 | 765.80 | 772.91 | 780.03 | 787.14 |
| Woodie | 649.40 | 696.80 | 727.00 | 774.40 | 804.60 | 852.00 | 882.20 |
| Fibonacci | 699.67 | 729.31 | 747.62 | 777.27 | 806.91 | 825.22 | 854.87 |
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): | 50.38 | |
| MACD (12,26,9): | -3.9700 | |
| Directional Movement: | -1.71 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 754.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 740.16 | |
| Elder Ray (13): | 1.96 | |
| Super Trend (3,10): | 778.90 | |
| Zig ZAG (10): | 764.60 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 74.37 | |
| TEMA (21): | 755.98 | |
| Williams %R (14): | -21.98 | |
| Chande Momentum Oscillator (20): | 4.40 | |
| Repulse (5,40,3): | 0.8300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 1.08 |
| MA7: | 759.49 | |
| MA20: | 759.27 | |
| MA50: | 776.44 | |
| MA100: | 766.79 | |
| MAexp7: | 760.65 | |
| MAexp20: | 761.55 | |
| MAexp50: | 768.29 | |
| MAexp100: | 763.71 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | -0.30% | |
| Price / MA50: | -2.50% | |
| Price / MA100: | -1.28% | |
| Price / MAexp7: | -0.48% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -1.47% | |
| Price / MAexp100: | -0.88% |
This member declared not having a position on this financial instrument or a related financial instrument.
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