MELROSE INDUSTRIES ORD GBP0.001 - Daily - Technical analysis published on 07/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 184.31 GBX
My targets
198.80 GBX (+5.69%)
205.30 GBX (+9.14%)
My analysis
MELROSE INDUSTRIES ORDS 48/7P 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 184.31 GBX. The next resistance located at 198.80 GBX is the next bullish target 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 205.30 GBX. After this resistance, buyers could then target 222.60 GBX.
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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
The MELROSE INDUSTRIES ORDS 48/7P rating is 188.10 GBX. The price registered an increase of +1.79% on the session with the lowest point at 183.85 GBX and the highest point at 188.25 GBX. The deviation from the price is +2.31% for the low point and -0.08% for the high point.183.85
188.25
188.10
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MELROSE INDUSTRIES ORDS 48/7P chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 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
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
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 | 168.26 | 176.29 | 184.31 | 188.10 | 198.80 | 205.30 | 222.60 |
| Change (%) | -10.55% | -6.28% | -2.01% | - | +5.69% | +9.14% | +18.34% |
| Change | -19.84 | -11.81 | -3.79 | - | +10.70 | +17.20 | +34.50 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 176.00 | 178.90 | 181.85 | 184.75 | 187.70 | 190.60 | 193.55 |
| Camarilla | 183.19 | 183.73 | 184.26 | 184.80 | 185.34 | 185.87 | 186.41 |
| Woodie | 176.02 | 178.91 | 181.88 | 184.76 | 187.73 | 190.61 | 193.57 |
| Fibonacci | 178.90 | 181.13 | 182.52 | 184.75 | 186.98 | 188.37 | 190.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 168.98 | 171.82 | 176.33 | 179.17 | 183.68 | 186.52 | 191.03 |
| Camarilla | 178.83 | 179.50 | 180.18 | 180.85 | 181.52 | 182.20 | 182.87 |
| Woodie | 169.82 | 172.24 | 177.18 | 179.59 | 184.52 | 186.94 | 191.88 |
| Fibonacci | 171.82 | 174.62 | 176.36 | 179.17 | 181.97 | 183.71 | 186.52 |
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): | 66.64 | |
| MACD (12,26,9): | 2.3500 | |
| Directional Movement: | 14.77 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 179.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 172.40 | |
| Elder Ray (13): | 6.39 | |
| Super Trend (3,10): | 171.75 | |
| Zig ZAG (10): | 187.90 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 82.11 | |
| TEMA (21): | 184.03 | |
| Williams %R (14): | -10.06 | |
| Chande Momentum Oscillator (20): | 19.50 | |
| Repulse (5,40,3): | 1.9300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 12.61 |
| MA7: | 181.57 | |
| MA20: | 175.82 | |
| MA50: | 179.93 | |
| MA100: | 179.19 | |
| MAexp7: | 182.55 | |
| MAexp20: | 178.05 | |
| MAexp50: | 178.00 | |
| MAexp100: | 178.25 | |
| Price / MA7: | +3.60% | |
| Price / MA20: | +6.98% | |
| Price / MA50: | +4.54% | |
| Price / MA100: | +4.97% | |
| Price / MAexp7: | +3.04% | |
| Price / MAexp20: | +5.64% | |
| Price / MAexp50: | +5.67% | |
| Price / MAexp100: | +5.53% |
News
The last news published on MELROSE INDUSTRIES ORDS 48/7P at the time of the generation of this analysis was as follows:
- Dimensional Fund Advisors Ltd. : Form 8.3 - Melrose Industries Plc - Ordinary shares
- Dimensional Fund Advisors Ltd. : Form 8.3 - Melrose Industries Plc - Ordinary shares
- OZ Management LP : Form 8.3 - GKN plc
- Dimensional Fund Advisors Ltd. : Form 8.3 - Melrose Industries Plc - Ordinary shares
- Davidson Kempner Capital Management LP : Form 8.3 - [Insert name of offeree or offeror]
This member declared not having a position on this financial instrument or a related financial instrument.
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