GSK PLC ADS EACH

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	GSK
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GSK PLC ADS EACH - 1H - Technical analysis published on 06/13/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

56%

44%

My opinion

Bearish under 41.62 USD

My targets

40.33 USD (-1.79%)

38.94 USD (-5.19%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GSK PLC ADS EACH as long as the price remains well below 41.62 USD. The next bearish objective for sellers is set at 40.33 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 38.94 USD. If there is any crossing, the next objective would be the support located at 37.87 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.6

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GSK PLC ADS EACH price is 41.07 USD. The price registered a decrease of -0.10% on the session and was between 40.78 USD and 41.10 USD. This implies that the price is at +0.71% from its lowest and at -0.07% from its highest.

40.78

41.10

41.07

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GSK PLC ADS EACH chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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 channel

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37.87	38.94	40.90	41.07	41.62	42.82	43.23
Change (%)	-7.79%	-5.19%	-0.41%	-	+1.34%	+4.26%	+5.26%
Change	-3.20	-2.13	-0.17	-	+0.55	+1.75	+2.16
Level	Major	Minor	Intermediate	-	Major	Minor	Major

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	40.52	40.74	40.93	41.15	41.34	41.56	41.75
Camarilla	41.00	41.04	41.07	41.11	41.15	41.19	41.22
Woodie	40.50	40.73	40.91	41.14	41.32	41.55	41.73
Fibonacci	40.74	40.90	41.00	41.15	41.31	41.41	41.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.40	39.46	40.33	41.39	42.26	43.32	44.19
Camarilla	40.68	40.86	41.03	41.21	41.39	41.56	41.74
Woodie	38.32	39.41	40.25	41.34	42.18	43.27	44.11
Fibonacci	39.46	40.19	40.65	41.39	42.12	42.58	43.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.68	40.30	42.54	44.16	46.40	48.02	50.26
Camarilla	43.71	44.06	44.42	44.77	45.12	45.48	45.83
Woodie	38.98	40.46	42.84	44.32	46.70	48.18	50.56
Fibonacci	40.30	41.78	42.69	44.16	45.64	46.55	48.02

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):	46.89
MACD (12,26,9):	-0.0900
Directional Movement:	-3.00
AROON (14):	-57.15
DEMA (21):	40.98
Parabolic SAR (0,02-0,02-0,2):	41.27
Elder Ray (13):	-0.01
Super Trend (3,10):	41.41
Zig ZAG (10):	41.08
VORTEX (21):	0.9700
Stochastique (14,3,5):	48.18
TEMA (21):	41.06
Williams %R (14):	-49.58
Chande Momentum Oscillator (20):	0.02
Repulse (5,40,3):	0.2400
ROCnROLL:	-1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.55

MA7:	41.32
MA20:	43.19
MA50:	42.27
MA100:	41.85
MAexp7:	41.05
MAexp20:	41.11
MAexp50:	41.47
MAexp100:	42.14
Price / MA7:	-0.61%
Price / MA20:	-4.91%
Price / MA50:	-2.84%
Price / MA100:	-1.86%
Price / MAexp7:	+0.05%
Price / MAexp20:	-0.10%
Price / MAexp50:	-0.96%
Price / MAexp100:	-2.54%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on GSK PLC ADS EACH at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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