FERREXPO ORD 10P - Daily - Technical analysis published on 10/02/2019 (GMT)
- 274
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 175.32 GBX
My targets
144.30 GBX (-8.44%)
80.00 GBX (-49.24%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FERREXPO ORD 10P as long as the price remains well below 175.32 GBX. The sellers” bearish objective is set at 144.30 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 80.00 GBX. In case of crossing, the next objective would be the support located at 43.50 GBX. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
8.4
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 FERREXPO ORD 10P price is 157.60 GBX. The price registered a decrease of -4.08% on the session with the lowest point at 156.70 GBX and the highest point at 165.00 GBX. The deviation from the price is +0.57% for the low point and -4.48% for the high point.156.70
165.00
157.60
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FERREXPO ORD 10P:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FERREXPO ORD 10P in Daily shows a overall strongly bearish trend. 92.86% 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.
In fact, 14 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 43.50 | 80.00 | 144.30 | 157.60 | 175.32 | 206.66 | 240.60 |
| Change (%) | -72.40% | -49.24% | -8.44% | - | +11.24% | +31.13% | +52.66% |
| Change | -114.10 | -77.60 | -13.30 | - | +17.72 | +49.06 | +83.00 |
| Level | Minor | Intermediate | 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 | 149.78 | 153.87 | 159.08 | 163.17 | 168.38 | 172.47 | 177.68 |
| Camarilla | 161.74 | 162.60 | 163.45 | 164.30 | 165.15 | 166.01 | 166.86 |
| Woodie | 150.35 | 154.15 | 159.65 | 163.45 | 168.95 | 172.75 | 178.25 |
| Fibonacci | 153.87 | 157.42 | 159.61 | 163.17 | 166.72 | 168.91 | 172.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.38 | 139.82 | 151.13 | 168.57 | 179.88 | 197.32 | 208.63 |
| Camarilla | 154.54 | 157.18 | 159.82 | 162.45 | 165.09 | 167.72 | 170.36 |
| Woodie | 119.33 | 138.29 | 148.08 | 167.04 | 176.83 | 195.79 | 205.58 |
| Fibonacci | 139.82 | 150.80 | 157.58 | 168.57 | 179.55 | 186.33 | 197.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 93.25 | 125.25 | 143.20 | 175.20 | 193.15 | 225.15 | 243.10 |
| Camarilla | 147.41 | 151.99 | 156.57 | 161.15 | 165.73 | 170.31 | 174.89 |
| Woodie | 86.23 | 121.74 | 136.18 | 171.69 | 186.13 | 221.64 | 236.08 |
| Fibonacci | 125.25 | 144.33 | 156.12 | 175.20 | 194.28 | 206.07 | 225.15 |
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): | 25.18 | |
| MACD (12,26,9): | -13.1400 | |
| Directional Movement: | -26.03 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 163.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 185.90 | |
| Elder Ray (13): | -12.39 | |
| Super Trend (3,10): | 187.09 | |
| Zig ZAG (10): | 156.70 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 7.61 | |
| TEMA (21): | 159.89 | |
| Williams %R (14): | -99.09 | |
| Chande Momentum Oscillator (20): | -43.15 | |
| Repulse (5,40,3): | -7.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8000 | |
| Courbe Coppock: | 31.90 |
| MA7: | 164.71 | |
| MA20: | 183.50 | |
| MA50: | 206.71 | |
| MA100: | 225.40 | |
| MAexp7: | 166.00 | |
| MAexp20: | 180.31 | |
| MAexp50: | 200.84 | |
| MAexp100: | 214.63 | |
| Price / MA7: | -4.32% | |
| Price / MA20: | -14.11% | |
| Price / MA50: | -23.76% | |
| Price / MA100: | -30.08% | |
| Price / MAexp7: | -5.06% | |
| Price / MAexp20: | -12.59% | |
| Price / MAexp50: | -21.53% | |
| Price / MAexp100: | -26.57% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis FERREXPO ORD 10P - Daily