CENTAMIN ORD NPV (DI)

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Type:	Stocks
Ticker:	CEY
ISIN:	JE00B5TT1872

CENTAMIN ORD NPV (DI) - Daily - Technical analysis published on 08/12/2019 (GMT)

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CENTAMIN ORD NPV (DI) Chart

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 136.20 GBX

My targets

153.00 GBX (+7.63%)

165.23 GBX (+16.24%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CENTAMIN ORD NPV (DI) as long as the price remains well above 136.20 GBX. The buyers” bullish objective is set at 153.00 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 165.23 GBX. If there is any crossing, the next objective would be the resistance located at 180.01 GBX. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay.

Additional analysis

Quotes

The CENTAMIN ORD NPV (DI) price is 142.15 GBX. The price has increased by +0.42% since the last closing and was between 137.20 GBX and 142.30 GBX. This implies that the price is at +3.61% from its lowest and at -0.11% from its highest.

137.20

142.30

142.15

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CENTAMIN ORD NPV (DI) in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	107.30	122.37	136.20	142.15	153.00	165.23	180.01
Change (%)	-24.52%	-13.91%	-4.19%	-	+7.63%	+16.24%	+26.63%
Change	-34.85	-19.78	-5.95	-	+10.85	+23.08	+37.86
Level	Major	Major	Major	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	132.43	135.12	138.33	141.02	144.23	146.92	150.13
Camarilla	139.93	140.47	141.01	141.55	142.09	142.63	143.17
Woodie	132.70	135.25	138.60	141.15	144.50	147.05	150.40
Fibonacci	135.12	137.37	138.76	141.02	143.27	144.66	146.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	116.85	122.65	132.10	137.90	147.35	153.15	162.60
Camarilla	137.36	138.75	140.15	141.55	142.95	144.35	145.74
Woodie	118.68	123.56	133.93	138.81	149.18	154.06	164.43
Fibonacci	122.65	128.48	132.07	137.90	143.73	147.32	153.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	88.27	98.63	114.27	124.63	140.27	150.63	166.27
Camarilla	122.75	125.13	127.52	129.90	132.28	134.67	137.05
Woodie	90.90	99.95	116.90	125.95	142.90	151.95	168.90
Fibonacci	98.63	108.57	114.70	124.63	134.57	140.70	150.63

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):	79.52
MACD (12,26,9):	7.4300
Directional Movement:	37.40
AROON (14):	92.86
DEMA (21):	136.99
Parabolic SAR (0,02-0,02-0,2):	131.27
Elder Ray (13):	7.58
Super Trend (3,10):	127.13
Zig ZAG (10):	141.50
VORTEX (21):	1.1700
Stochastique (14,3,5):	93.09
TEMA (21):	139.94
Williams %R (14):	-7.48
Chande Momentum Oscillator (20):	22.55
Repulse (5,40,3):	6.0500
ROCnROLL:	1
TRIX (15,9):	0.7300
Courbe Coppock:	33.87

MA7:	136.41
MA20:	125.39
MA50:	115.39
MA100:	101.66
MAexp7:	136.57
MAexp20:	127.74
MAexp50:	117.04
MAexp100:	109.38
Price / MA7:	+4.21%
Price / MA20:	+13.37%
Price / MA50:	+23.19%
Price / MA100:	+39.83%
Price / MAexp7:	+4.09%
Price / MAexp20:	+11.28%
Price / MAexp50:	+21.45%
Price / MAexp100:	+29.96%

News

The last news published on CENTAMIN ORD NPV (DI) 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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