COATS GRP. ORD 5P - Daily - Technical analysis published on 01/27/2020 (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
61%
6%
33%
My opinion
Bullish above 73.28 GBX
My targets
78.77 GBX (+2.50%)
83.00 GBX (+8.00%)
My analysis
COATS GRP. ORD 5P 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 73.28 GBX. The next resistance located at 78.77 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 83.00 GBX. After this resistance, buyers could then target 85.70 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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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
COATS GRP. ORD 5P rating 76.85 GBX. On the day, this instrument lost +0.20% with the lowest point at 76.45 GBX and the highest point at 78.95 GBX. The deviation from the price is +0.52% for the low point and -2.66% for the high point.76.45
78.95
76.85
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this Daily chart of COATS GRP. ORD 5P indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
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 | 71.27 | 73.28 | 75.95 | 76.85 | 78.77 | 83.00 | 85.70 |
| Change (%) | -7.26% | -4.65% | -1.17% | - | +2.50% | +8.00% | +11.52% |
| Change | -5.58 | -3.57 | -0.90 | - | +1.92 | +6.15 | +8.85 |
| Level | Major | Minor | Intermediate | - | 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 | 75.85 | 76.45 | 77.60 | 78.20 | 79.35 | 79.95 | 81.10 |
| Camarilla | 78.27 | 78.43 | 78.59 | 78.75 | 78.91 | 79.07 | 79.23 |
| Woodie | 76.13 | 76.59 | 77.88 | 78.34 | 79.63 | 80.09 | 81.38 |
| Fibonacci | 76.45 | 77.12 | 77.53 | 78.20 | 78.87 | 79.28 | 79.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.25 | 71.40 | 73.70 | 74.85 | 77.15 | 78.30 | 80.60 |
| Camarilla | 75.05 | 75.37 | 75.68 | 76.00 | 76.32 | 76.63 | 76.95 |
| Woodie | 70.83 | 71.69 | 74.28 | 75.14 | 77.73 | 78.59 | 81.18 |
| Fibonacci | 71.40 | 72.72 | 73.53 | 74.85 | 76.17 | 76.98 | 78.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.07 | 64.53 | 69.72 | 73.18 | 78.37 | 81.83 | 87.02 |
| Camarilla | 72.52 | 73.31 | 74.11 | 74.90 | 75.69 | 76.49 | 77.28 |
| Woodie | 61.93 | 64.96 | 70.58 | 73.61 | 79.23 | 82.26 | 87.88 |
| Fibonacci | 64.53 | 67.84 | 69.88 | 73.18 | 76.49 | 78.53 | 81.83 |
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): | 61.11 | |
| MACD (12,26,9): | 1.5300 | |
| Directional Movement: | 8.00 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 78.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.13 | |
| Elder Ray (13): | 1.16 | |
| Super Trend (3,10): | 73.08 | |
| Zig ZAG (10): | 78.00 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 72.65 | |
| TEMA (21): | 79.17 | |
| Williams %R (14): | -34.73 | |
| Chande Momentum Oscillator (20): | 4.45 | |
| Repulse (5,40,3): | 2.5200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2600 | |
| Courbe Coppock: | 10.22 |
| MA7: | 78.64 | |
| MA20: | 76.11 | |
| MA50: | 73.83 | |
| MA100: | 73.59 | |
| MAexp7: | 78.10 | |
| MAexp20: | 76.40 | |
| MAexp50: | 74.71 | |
| MAexp100: | 74.66 | |
| Price / MA7: | -2.28% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +4.09% | |
| Price / MA100: | +4.43% | |
| Price / MAexp7: | -1.60% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +2.86% | |
| Price / MAexp100: | +2.93% |
News
Don"t forget to follow the news on COATS GRP. ORD 5P. At the time of publication of this analysis, the latest news was as follows:
Coats GroupThis member declared not having a position on this financial instrument or a related financial instrument.
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