WORKSPACE GRP. ORD GBP1 - Daily - Technical analysis published on 10/01/2019 (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
67%
6%
28%
My opinion
Bullish above 898.6 GBX
My targets
964.6 GBX (+0.64%)
985.6 GBX (+2.83%)
My analysis
WORKSPACE GRP. ORD GBP1 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 898.6 GBX. The next resistance located at 964.6 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 985.6 GBX. After this resistance, buyers could then target 1,032.3 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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
The WORKSPACE GRP. ORD GBP1 rating is 958.5 GBX. On the day, this instrument lost -0.42% with the lowest point at 945.0 GBX and the highest point at 968.0 GBX. The deviation from the price is +1.43% for the low point and -0.98% for the high point.945.0
968.0
958.5
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WORKSPACE GRP. ORD GBP1 in Daily shows a strongly overall 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.
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 789.5 | 851.8 | 898.6 | 958.5 | 964.6 | 985.6 | 1,032.3 |
| Change (%) | -17.63% | -11.13% | -6.25% | - | +0.64% | +2.83% | +7.70% |
| Change | -169.0 | -106.7 | -59.9 | - | +6.1 | +27.1 | +73.8 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | 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 | 921.2 | 935.8 | 949.2 | 963.8 | 977.2 | 991.8 | 1,005.2 |
| Camarilla | 954.8 | 957.4 | 959.9 | 962.5 | 965.1 | 967.6 | 970.2 |
| Woodie | 920.5 | 935.5 | 948.5 | 963.5 | 976.5 | 991.5 | 1,004.5 |
| Fibonacci | 935.8 | 946.5 | 953.1 | 963.8 | 974.5 | 981.1 | 991.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 889.3 | 907.2 | 934.3 | 952.2 | 979.3 | 997.2 | 1,024.3 |
| Camarilla | 949.1 | 953.3 | 957.4 | 961.5 | 965.6 | 969.8 | 973.9 |
| Woodie | 894.0 | 909.5 | 939.0 | 954.5 | 984.0 | 999.5 | 1,029.0 |
| Fibonacci | 907.2 | 924.4 | 935.0 | 952.2 | 969.4 | 980.0 | 997.2 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 723.5 | 784.5 | 873.5 | 934.5 | 1,023.5 | 1,084.5 | 1,173.5 |
| Camarilla | 921.3 | 935.0 | 948.8 | 962.5 | 976.3 | 990.0 | 1,003.8 |
| Woodie | 737.5 | 791.5 | 887.5 | 941.5 | 1,037.5 | 1,091.5 | 1,187.5 |
| Fibonacci | 784.5 | 841.8 | 877.2 | 934.5 | 991.8 | 1,027.2 | 1,084.5 |
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): | 69.40 | |
| MACD (12,26,9): | 25.7000 | |
| Directional Movement: | 20.8 | |
| AROON (14): | 50.0 | |
| DEMA (21): | 964.7 | |
| Parabolic SAR (0,02-0,02-0,2): | 978.5 | |
| Elder Ray (13): | 11.5 | |
| Super Trend (3,10): | 908.8 | |
| Zig ZAG (10): | 967.5 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 67.30 | |
| TEMA (21): | 976.0 | |
| Williams %R (14): | -37.30 | |
| Chande Momentum Oscillator (20): | 18.0 | |
| Repulse (5,40,3): | 2.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4000 | |
| Courbe Coppock: | 12.70 |
| MA7: | 953.5 | |
| MA20: | 930.6 | |
| MA50: | 875.9 | |
| MA100: | 875.8 | |
| MAexp7: | 956.2 | |
| MAexp20: | 930.9 | |
| MAexp50: | 899.1 | |
| MAexp100: | 891.3 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +3.00% | |
| Price / MA50: | +9.43% | |
| Price / MA100: | +9.44% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +2.96% | |
| Price / MAexp50: | +6.61% | |
| Price / MAexp100: | +7.54% |
This member declared not having a position on this financial instrument or a related financial instrument.
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