DIAGEO PLC - 1H - Technical analysis published on 04/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 138.86 USD
My targets
131.98 USD (-3.90%)
127.08 USD (-7.46%)
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 138.86 USD. The next support located at 131.98 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 127.08 USD. Below this support, sellers could then target 118.49 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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 137.33 USD. The price registered a decrease of -0.04% on the session with the lowest point at 137.14 USD and the highest point at 137.79 USD. The deviation from the price is +0.14% for the low point and -0.33% for the high point.137.14
137.79
137.33
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DIAGEO PLC in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 94.58 | 118.49 | 136.87 | 137.33 | 138.86 | 145.58 | 149.43 |
| Change (%) | -31.13% | -13.72% | -0.33% | - | +1.11% | +6.01% | +8.81% |
| Change | -42.75 | -18.84 | -0.46 | - | +1.53 | +8.25 | +12.10 |
| Level | Major | Minor | Intermediate | - | Major | Major | Intermediate |
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 | 133.45 | 135.16 | 136.28 | 137.99 | 139.11 | 140.82 | 141.94 |
| Camarilla | 136.61 | 136.87 | 137.13 | 137.39 | 137.65 | 137.91 | 138.17 |
| Woodie | 133.15 | 135.01 | 135.98 | 137.84 | 138.81 | 140.67 | 141.64 |
| Fibonacci | 135.16 | 136.24 | 136.91 | 137.99 | 139.07 | 139.74 | 140.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 127.08 | 131.98 | 134.48 | 139.38 | 141.88 | 146.78 | 149.28 |
| Camarilla | 134.96 | 135.63 | 136.31 | 136.99 | 137.67 | 138.35 | 139.03 |
| Woodie | 125.89 | 131.38 | 133.29 | 138.78 | 140.69 | 146.18 | 148.09 |
| Fibonacci | 131.98 | 134.80 | 136.55 | 139.38 | 142.20 | 143.95 | 146.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.73 | 141.14 | 144.94 | 148.35 | 152.15 | 155.56 | 159.36 |
| Camarilla | 146.76 | 147.42 | 148.08 | 148.74 | 149.40 | 150.06 | 150.72 |
| Woodie | 137.93 | 141.24 | 145.14 | 148.45 | 152.35 | 155.66 | 159.56 |
| Fibonacci | 141.14 | 143.89 | 145.60 | 148.35 | 151.10 | 152.81 | 155.56 |
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): | 32.45 | |
| MACD (12,26,9): | -1.2700 | |
| Directional Movement: | -16.79 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 136.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 139.60 | |
| Elder Ray (13): | -0.55 | |
| Super Trend (3,10): | 139.26 | |
| Zig ZAG (10): | 137.44 | |
| VORTEX (21): | 0.6400 | |
| Stochastique (14,3,5): | 17.48 | |
| TEMA (21): | 136.85 | |
| Williams %R (14): | -84.51 | |
| Chande Momentum Oscillator (20): | -0.79 | |
| Repulse (5,40,3): | -0.4800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 3.50 |
| MA7: | 140.27 | |
| MA20: | 144.67 | |
| MA50: | 146.88 | |
| MA100: | 144.04 | |
| MAexp7: | 137.56 | |
| MAexp20: | 138.74 | |
| MAexp50: | 141.11 | |
| MAexp100: | 143.37 | |
| Price / MA7: | -2.10% | |
| Price / MA20: | -5.07% | |
| Price / MA50: | -6.50% | |
| Price / MA100: | -4.66% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -1.02% | |
| Price / MAexp50: | -2.68% | |
| Price / MAexp100: | -4.21% |
Quotes :
-
15 min delayed data
-
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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