PLUS500 LTD ORD ILS0.01 (DI) - Daily - Technical analysis published on 08/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 650.0 GBX
My targets
496.7 GBX (-15.01%)
332.4 GBX (-43.12%)
My analysis
The bearish trend is currently very strong for PLUS500 LTD ORD ILS0.01 (DI). As long as the price remains below the resistance at 650.0 GBX, you could try to take advantage of the bearish rally. The first bearish objective is located at 496.7 GBX. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 332.4 GBX as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PLUS500 LTD ORD ILS0.01 (DI) rating is 584.4 GBX. On the day, this instrument gained +0.86% and was between 583.0 GBX and 592.6 GBX. This implies that the price is at +0.24% from its lowest and at -1.38% from its highest.583.0
592.6
584.4
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PLUS500 LTD ORD ILS0.01 (DI) chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 332.4 | 496.7 | 584.4 | 650.0 | 1,231.0 | 1,516.6 |
| Change (%) | -43.12% | -15.01% | - | +11.23% | +110.64% | +159.51% |
| Change | -252.0 | -87.7 | - | +65.6 | +646.6 | +932.2 |
| Level | Minor | Major | - | Intermediate | Intermediate | Intermediate |
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 | 534.1 | 554.5 | 566.9 | 587.3 | 599.7 | 620.1 | 632.5 |
| Camarilla | 570.4 | 573.4 | 576.4 | 579.4 | 582.4 | 585.4 | 588.4 |
| Woodie | 530.2 | 552.5 | 563.0 | 585.3 | 595.8 | 618.1 | 628.6 |
| Fibonacci | 554.5 | 567.0 | 574.7 | 587.3 | 599.8 | 607.5 | 620.1 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 510.1 | 535.3 | 557.3 | 582.5 | 604.5 | 629.7 | 651.7 |
| Camarilla | 566.4 | 570.8 | 575.1 | 579.4 | 583.7 | 588.1 | 592.4 |
| Woodie | 508.6 | 534.5 | 555.8 | 581.7 | 603.0 | 628.9 | 650.2 |
| Fibonacci | 535.3 | 553.3 | 564.4 | 582.5 | 600.5 | 611.6 | 629.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 348.2 | 427.8 | 513.6 | 593.2 | 679.0 | 758.6 | 844.4 |
| Camarilla | 553.9 | 569.1 | 584.2 | 599.4 | 614.6 | 629.7 | 644.9 |
| Woodie | 351.3 | 429.4 | 516.7 | 594.8 | 682.1 | 760.1 | 847.5 |
| Fibonacci | 427.8 | 491.0 | 530.0 | 593.2 | 656.4 | 695.4 | 758.6 |
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): | 45.30 | |
| MACD (12,26,9): | -8.7000 | |
| Directional Movement: | -7.5 | |
| AROON (14): | -57.2 | |
| DEMA (21): | 595.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 614.6 | |
| Elder Ray (13): | -10.2 | |
| Super Trend (3,10): | 654.0 | |
| Zig ZAG (10): | 590.9 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 27.70 | |
| TEMA (21): | 584.8 | |
| Williams %R (14): | -68.30 | |
| Chande Momentum Oscillator (20): | -55.3 | |
| Repulse (5,40,3): | -4.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 18.30 |
| MA7: | 583.6 | |
| MA20: | 617.1 | |
| MA50: | 605.7 | |
| MA100: | 616.3 | |
| MAexp7: | 590.0 | |
| MAexp20: | 603.4 | |
| MAexp50: | 614.7 | |
| MAexp100: | 684.6 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | -5.30% | |
| Price / MA50: | -3.52% | |
| Price / MA100: | -5.18% | |
| Price / MAexp7: | -0.95% | |
| Price / MAexp20: | -3.15% | |
| Price / MAexp50: | -4.93% | |
| Price / MAexp100: | -14.64% |
This member declared not having a position on this financial instrument or a related financial instrument.
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