DIAGEO PLC - 1H - Technical analysis published on 03/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 150.61 USD
My targets
146.84 USD (-0.88%)
145.43 USD (-1.84%)
My analysis
DIAGEO PLC is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 150.61 USD. The next support located at 146.84 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 145.43 USD. Below this support, sellers could then target 143.82 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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
DIAGEO PLC rating 148.15 USD. The price is lower by -0.03% since the last closing with the lowest point at 147.61 USD and the highest point at 148.83 USD. The deviation from the price is +0.37% for the low point and -0.46% for the high point.147.61
148.83
148.15
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
A technical analysis in 1H of this DIAGEO PLC 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 143.82 | 145.43 | 146.84 | 148.15 | 148.55 | 150.61 | 151.60 |
| Change (%) | -2.92% | -1.84% | -0.88% | - | +0.27% | +1.66% | +2.33% |
| Change | -4.33 | -2.72 | -1.31 | - | +0.40 | +2.46 | +3.45 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.89 | 145.37 | 146.79 | 149.27 | 150.69 | 153.17 | 154.59 |
| Camarilla | 147.13 | 147.49 | 147.84 | 148.20 | 148.56 | 148.92 | 149.27 |
| Woodie | 142.35 | 145.11 | 146.25 | 149.01 | 150.15 | 152.91 | 154.05 |
| Fibonacci | 145.37 | 146.86 | 147.78 | 149.27 | 150.76 | 151.68 | 153.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 143.35 | 145.09 | 147.13 | 148.87 | 150.91 | 152.65 | 154.69 |
| Camarilla | 148.12 | 148.47 | 148.81 | 149.16 | 149.51 | 149.85 | 150.20 |
| Woodie | 143.49 | 145.17 | 147.27 | 148.95 | 151.05 | 152.73 | 154.83 |
| Fibonacci | 145.09 | 146.54 | 147.43 | 148.87 | 150.32 | 151.21 | 152.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.12 | 136.77 | 143.78 | 148.43 | 155.44 | 160.09 | 167.10 |
| Camarilla | 147.59 | 148.66 | 149.73 | 150.80 | 151.87 | 152.94 | 154.01 |
| Woodie | 133.31 | 137.36 | 144.97 | 149.02 | 156.63 | 160.68 | 168.29 |
| Fibonacci | 136.77 | 141.22 | 143.97 | 148.43 | 152.88 | 155.63 | 160.09 |
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): | 40.70 | |
| MACD (12,26,9): | -0.3800 | |
| Directional Movement: | -5.60 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 148.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 149.60 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 149.74 | |
| Zig ZAG (10): | 148.27 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 18.67 | |
| TEMA (21): | 148.22 | |
| Williams %R (14): | -85.18 | |
| Chande Momentum Oscillator (20): | -2.32 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.28 |
| MA7: | 149.17 | |
| MA20: | 149.62 | |
| MA50: | 145.19 | |
| MA100: | 145.01 | |
| MAexp7: | 148.47 | |
| MAexp20: | 149.02 | |
| MAexp50: | 149.31 | |
| MAexp100: | 149.17 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | -0.98% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +2.17% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | -0.78% | |
| Price / MAexp100: | -0.68% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on DIAGEO PLC. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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