MORGAN ADVANCED MATERIALS ORD 25P - Daily - Technical analysis published on 02/13/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 281.3 GBX
My targets
323.0 GBX (+4.46%)
338.4 GBX (+9.44%)
My analysis
With a bullish background trend, the price of MORGAN ADVANCED MATERIALS ORD 25P is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 281.3 GBX. A bullish break in the resistance located at 323.0 GBX would boost the bullish momentum and fuel the basic trend. Then the price could move towards 338.4 GBX. Then by extension. It would be safer to wait for a bullish break in the resistance located at 323.0 GBX before allowing yourself to re trade long positions (at purchase) on MORGAN ADVANCED MATERIALS ORD 25P. PS: if there is a bearish break in the support located at 281.3 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
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
MORGAN ADVANCED MATERIALS ORD 25P rating 309.2 GBX. On the day, this instrument lost +0.19% with the lowest point at 308.0 GBX and the highest point at 315.0 GBX. The deviation from the price is +0.39% for the low point and -1.84% for the high point.308.0
315.0
309.2
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this MORGAN ADVANCED MATERIALS ORD 25P chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
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 analysis of the price chart with Central Patterns scanners does not return any result.
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 | 267.9 | 281.3 | 305.1 | 309.2 | 323.0 | 338.4 | 365.1 |
| Change (%) | -13.36% | -9.02% | -1.33% | - | +4.46% | +9.44% | +18.08% |
| Change | -41.3 | -27.9 | -4.1 | - | +13.8 | +29.2 | +55.9 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 298.7 | 302.7 | 305.7 | 309.7 | 312.7 | 316.7 | 319.7 |
| Camarilla | 306.9 | 307.5 | 308.2 | 308.8 | 309.4 | 310.1 | 310.7 |
| Woodie | 298.3 | 302.5 | 305.3 | 309.5 | 312.3 | 316.5 | 319.3 |
| Fibonacci | 302.7 | 305.3 | 307.0 | 309.7 | 312.3 | 314.0 | 316.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 290.3 | 300.1 | 306.1 | 315.9 | 321.9 | 331.7 | 337.7 |
| Camarilla | 307.7 | 309.1 | 310.6 | 312.0 | 313.5 | 314.9 | 316.3 |
| Woodie | 288.3 | 299.2 | 304.1 | 315.0 | 319.9 | 330.8 | 335.7 |
| Fibonacci | 300.1 | 306.2 | 309.9 | 315.9 | 322.0 | 325.7 | 331.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 273.9 | 287.1 | 299.5 | 312.7 | 325.1 | 338.3 | 350.7 |
| Camarilla | 305.0 | 307.3 | 309.7 | 312.0 | 314.4 | 316.7 | 319.0 |
| Woodie | 273.6 | 286.9 | 299.2 | 312.5 | 324.8 | 338.1 | 350.4 |
| Fibonacci | 287.1 | 296.9 | 302.9 | 312.7 | 322.5 | 328.5 | 338.3 |
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): | 43.40 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 5.5 | |
| AROON (14): | -50.0 | |
| DEMA (21): | 314.0 | |
| Parabolic SAR (0,02-0,02-0,2): | 321.9 | |
| Elder Ray (13): | -0.9 | |
| Super Trend (3,10): | 295.4 | |
| Zig ZAG (10): | 307.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 14.70 | |
| TEMA (21): | 309.8 | |
| Williams %R (14): | -97.90 | |
| Chande Momentum Oscillator (20): | -10.0 | |
| Repulse (5,40,3): | -6.4000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 3.00 |
| MA7: | 311.1 | |
| MA20: | 314.5 | |
| MA50: | 309.9 | |
| MA100: | 282.7 | |
| MAexp7: | 311.1 | |
| MAexp20: | 312.7 | |
| MAexp50: | 305.4 | |
| MAexp100: | 291.9 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -1.69% | |
| Price / MA50: | -0.23% | |
| Price / MA100: | +9.37% | |
| Price / MAexp7: | -0.61% | |
| Price / MAexp20: | -1.12% | |
| Price / MAexp50: | +1.24% | |
| Price / MAexp100: | +5.93% |
News
The latest news and videos published on MORGAN ADVANCED MATERIALS ORD 25P at the time of the analysis were as follows:
Morgan Advanced MaterialsThis member declared not having a position on this financial instrument or a related financial instrument.
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