SMITHS GRP. ORD 37.5P - Daily - Technical analysis published on 11/06/2019 (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
72%
11%
17%
My opinion
Bullish above 1,526.6 GBX
My targets
1,684.5 GBX (+2.18%)
1,801.0 GBX (+9.25%)
My analysis
SMITHS GRP. ORD 37.5P is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,526.6 GBX. The next resistance located at 1,684.5 GBX is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,801.0 GBX. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
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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
SMITHS GRP. ORD 37.5P rating 1,648.5 GBX. The price registered a decrease of -1.14% on the session with the lowest point at 1,642.5 GBX and the highest point at 1,672.5 GBX. The deviation from the price is +0.37% for the low point and -1.43% for the high point.1,642.5
1,672.5
1,648.5
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SMITHS GRP. ORD 37.5P indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
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 under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
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 | 1,434.0 | 1,466.9 | 1,526.6 | 1,648.5 | 1,684.5 | 1,801.0 |
| Change (%) | -13.01% | -11.02% | -7.39% | - | +2.18% | +9.25% |
| Change | -214.5 | -181.6 | -121.9 | - | +36.0 | +152.5 |
| Level | Major | Intermediate | Major | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,628.2 | 1,637.8 | 1,652.7 | 1,662.3 | 1,677.2 | 1,686.8 | 1,701.7 |
| Camarilla | 1,660.8 | 1,663.0 | 1,665.3 | 1,667.5 | 1,669.8 | 1,672.0 | 1,674.2 |
| Woodie | 1,630.8 | 1,639.1 | 1,655.3 | 1,663.6 | 1,679.8 | 1,688.1 | 1,704.3 |
| Fibonacci | 1,637.8 | 1,647.2 | 1,653.0 | 1,662.3 | 1,671.7 | 1,677.5 | 1,686.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,572.3 | 1,587.7 | 1,613.8 | 1,629.2 | 1,655.3 | 1,670.7 | 1,696.8 |
| Camarilla | 1,628.6 | 1,632.4 | 1,636.2 | 1,640.0 | 1,643.8 | 1,647.6 | 1,651.4 |
| Woodie | 1,577.8 | 1,590.4 | 1,619.3 | 1,631.9 | 1,660.8 | 1,673.4 | 1,702.3 |
| Fibonacci | 1,587.7 | 1,603.5 | 1,613.3 | 1,629.2 | 1,645.0 | 1,654.8 | 1,670.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,351.0 | 1,412.9 | 1,513.2 | 1,575.1 | 1,675.4 | 1,737.3 | 1,837.6 |
| Camarilla | 1,568.9 | 1,583.8 | 1,598.6 | 1,613.5 | 1,628.4 | 1,643.2 | 1,658.1 |
| Woodie | 1,370.2 | 1,422.5 | 1,532.4 | 1,584.7 | 1,694.6 | 1,746.9 | 1,856.8 |
| Fibonacci | 1,412.9 | 1,474.9 | 1,513.2 | 1,575.1 | 1,637.1 | 1,675.3 | 1,737.3 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.60 | |
| MACD (12,26,9): | 23.9000 | |
| Directional Movement: | 17.5 | |
| AROON (14): | 92.9 | |
| DEMA (21): | 1,635.6 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,629.2 | |
| Elder Ray (13): | 35.1 | |
| Super Trend (3,10): | 1,591.2 | |
| Zig ZAG (10): | 1,649.0 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 91.10 | |
| TEMA (21): | 1,655.4 | |
| Williams %R (14): | -21.40 | |
| Chande Momentum Oscillator (20): | 56.5 | |
| Repulse (5,40,3): | -0.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 9.80 |
| MA7: | 1,637.9 | |
| MA20: | 1,600.3 | |
| MA50: | 1,591.5 | |
| MA100: | 1,570.7 | |
| MAexp7: | 1,639.5 | |
| MAexp20: | 1,608.5 | |
| MAexp50: | 1,585.4 | |
| MAexp100: | 1,560.1 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +3.01% | |
| Price / MA50: | +3.58% | |
| Price / MA100: | +4.95% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | +2.49% | |
| Price / MAexp50: | +3.98% | |
| Price / MAexp100: | +5.67% |
News
The last news published on SMITHS GRP. ORD 37.5P at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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