POLAR CAPITAL TECHNOLOGY TRUST ORD 2.5P - Daily - Technical analysis published on 02/04/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
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:
Neutral
De fond:
Bullish
Technical indicators
6%
33%
61%
My opinion
Bullish above 1,466 GBX
My targets
1,681 GBX (+3.38%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1,466 GBX remains possible. It is advisable to trade POLAR CAPITAL TECHNOLOGY TRUST ORD 25P with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1,466 GBX. The next bullish objective for buyers is set at 1,681 GBX. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 1,466 GBX we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.3
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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 POLAR CAPITAL TECHNOLOGY TRUST ORD 25P price is 1,626 GBX. The price registered a decrease of +1.50% on the session with the lowest point at 1,604 GBX and the highest point at 1,634 GBX. The deviation from the price is +1.37% for the low point and -0.49% for the high point.1,604
1,634
1,626
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this POLAR CAPITAL TECHNOLOGY TRUST ORD 25P chart shows a bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 1 are bullish, 11 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1,386 | 1,466 | 1,621 | 1,626 | 1,681 |
| Change (%) | -14.76% | -9.84% | -0.31% | - | +3.38% |
| Change | -240 | -160 | -5 | - | +55 |
| Level | Major | Major | Minor | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,621 | 1,633 | 1,645 | 1,657 | 1,669 | 1,681 | 1,693 |
| Camarilla | 1,649 | 1,652 | 1,654 | 1,656 | 1,658 | 1,660 | 1,663 |
| Woodie | 1,620 | 1,633 | 1,644 | 1,657 | 1,668 | 1,681 | 1,692 |
| Fibonacci | 1,633 | 1,643 | 1,648 | 1,657 | 1,667 | 1,672 | 1,681 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,632 | 1,642 | 1,662 | 1,672 | 1,692 | 1,702 | 1,722 |
| Camarilla | 1,674 | 1,677 | 1,679 | 1,682 | 1,685 | 1,688 | 1,690 |
| Woodie | 1,637 | 1,645 | 1,667 | 1,675 | 1,697 | 1,705 | 1,727 |
| Fibonacci | 1,642 | 1,654 | 1,661 | 1,672 | 1,684 | 1,691 | 1,702 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,305 | 1,379 | 1,485 | 1,559 | 1,665 | 1,739 | 1,845 |
| Camarilla | 1,541 | 1,557 | 1,574 | 1,590 | 1,607 | 1,623 | 1,640 |
| Woodie | 1,320 | 1,387 | 1,500 | 1,567 | 1,680 | 1,747 | 1,860 |
| Fibonacci | 1,379 | 1,448 | 1,491 | 1,559 | 1,628 | 1,671 | 1,739 |
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): | 50.00 | |
| MACD (12,26,9): | 20.0000 | |
| Directional Movement: | -6 | |
| AROON (14): | -29 | |
| DEMA (21): | 1,668 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,679 | |
| Elder Ray (13): | -4 | |
| Super Trend (3,10): | 1,713 | |
| Zig ZAG (10): | 1,624 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 52.00 | |
| TEMA (21): | 1,657 | |
| Williams %R (14): | -68.00 | |
| Chande Momentum Oscillator (20): | -48 | |
| Repulse (5,40,3): | -3.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.00 |
| MA7: | 1,647 | |
| MA20: | 1,647 | |
| MA50: | 1,572 | |
| MA100: | 1,497 | |
| MAexp7: | 1,644 | |
| MAexp20: | 1,636 | |
| MAexp50: | 1,584 | |
| MAexp100: | 1,522 | |
| Price / MA7: | -1.28% | |
| Price / MA20: | -1.28% | |
| Price / MA50: | +3.44% | |
| Price / MA100: | +8.62% | |
| Price / MAexp7: | -1.09% | |
| Price / MAexp20: | -0.61% | |
| Price / MAexp50: | +2.65% | |
| Price / MAexp100: | +6.83% |
This member declared not having a position on this financial instrument or a related financial instrument.
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