DIAGEO PLC - Daily - Technical analysis published on 05/22/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 145.51 USD
My targets
136.31 USD (-2.38%)
118.49 USD (-15.15%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DIAGEO PLC as long as the price remains well below 145.51 USD. The sellers' bearish objective is set at 136.31 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 118.49 USD. In case of crossing, the next objective would be the support located at 94.58 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DIAGEO PLC rating is 139.64 USD. The price registered a decrease of -0.06% on the session with the lowest point at 138.75 USD and the highest point at 139.80 USD. The deviation from the price is +0.64% for the low point and -0.11% for the high point.138.75
139.80
139.64
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DIAGEO PLC indicates that the overall trend is strongly bearish. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
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 | 118.49 | 136.31 | 138.86 | 139.64 | 145.51 | 153.04 | 157.97 |
| Change (%) | -15.15% | -2.38% | -0.56% | - | +4.20% | +9.60% | +13.13% |
| Change | -21.15 | -3.33 | -0.78 | - | +5.87 | +13.40 | +18.33 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | 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 | 137.80 | 138.55 | 139.14 | 139.89 | 140.48 | 141.23 | 141.82 |
| Camarilla | 139.36 | 139.48 | 139.61 | 139.73 | 139.85 | 139.98 | 140.10 |
| Woodie | 137.72 | 138.51 | 139.06 | 139.85 | 140.40 | 141.19 | 141.74 |
| Fibonacci | 138.55 | 139.06 | 139.38 | 139.89 | 140.40 | 140.72 | 141.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 138.87 | 140.33 | 141.36 | 142.82 | 143.85 | 145.31 | 146.34 |
| Camarilla | 141.72 | 141.94 | 142.17 | 142.40 | 142.63 | 142.86 | 143.09 |
| Woodie | 138.67 | 140.22 | 141.16 | 142.71 | 143.65 | 145.20 | 146.14 |
| Fibonacci | 140.33 | 141.28 | 141.87 | 142.82 | 143.77 | 144.36 | 145.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.80 | 127.91 | 133.03 | 141.14 | 146.26 | 154.37 | 159.49 |
| Camarilla | 134.52 | 135.74 | 136.95 | 138.16 | 139.37 | 140.59 | 141.80 |
| Woodie | 118.32 | 127.16 | 131.55 | 140.39 | 144.78 | 153.62 | 158.01 |
| Fibonacci | 127.91 | 132.96 | 136.08 | 141.14 | 146.19 | 149.31 | 154.37 |
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): | 44.32 | |
| MACD (12,26,9): | -0.2100 | |
| Directional Movement: | -8.19 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 140.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 144.27 | |
| Elder Ray (13): | -1.61 | |
| Super Trend (3,10): | 138.19 | |
| Zig ZAG (10): | 139.59 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 45.79 | |
| TEMA (21): | 141.20 | |
| Williams %R (14): | -62.16 | |
| Chande Momentum Oscillator (20): | 2.39 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 4.63 |
| MA7: | 141.53 | |
| MA20: | 140.08 | |
| MA50: | 142.63 | |
| MA100: | 143.72 | |
| MAexp7: | 140.82 | |
| MAexp20: | 140.92 | |
| MAexp50: | 142.13 | |
| MAexp100: | 144.09 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -0.31% | |
| Price / MA50: | -2.10% | |
| Price / MA100: | -2.84% | |
| Price / MAexp7: | -0.84% | |
| Price / MAexp20: | -0.91% | |
| Price / MAexp50: | -1.75% | |
| Price / MAexp100: | -3.09% |
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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