MANCHESTER UNITED - Daily - Technical analysis published on 10/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 17.29 USD
My targets
15.99 USD (-1.05%)
14.20 USD (-12.13%)
My analysis
MANCHESTER UNITED 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 17.29 USD. The next support located at 15.99 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 14.20 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
6.3
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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
MANCHESTER UNITED rating 16.16 USD. The price registered an increase of +2.41% on the session with the lowest point at 15.80 USD and the highest point at 16.33 USD. The deviation from the price is +2.28% for the low point and -1.04% for the high point.15.80
16.33
16.16
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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 this Daily chart of MANCHESTER UNITED indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 14.20 | 15.99 | 16.16 | 17.29 | 17.99 | 18.63 |
| Change (%) | -12.13% | -1.05% | - | +6.99% | +11.32% | +15.28% |
| Change | -1.96 | -0.17 | - | +1.13 | +1.83 | +2.47 |
| Level | Intermediate | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.98 | 15.14 | 15.46 | 15.62 | 15.94 | 16.10 | 16.42 |
| Camarilla | 15.65 | 15.69 | 15.74 | 15.78 | 15.82 | 15.87 | 15.91 |
| Woodie | 15.06 | 15.18 | 15.54 | 15.66 | 16.02 | 16.14 | 16.50 |
| Fibonacci | 15.14 | 15.32 | 15.44 | 15.62 | 15.80 | 15.92 | 16.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.92 | 15.38 | 15.70 | 16.16 | 16.48 | 16.94 | 17.26 |
| Camarilla | 15.80 | 15.87 | 15.94 | 16.01 | 16.08 | 16.15 | 16.22 |
| Woodie | 14.84 | 15.35 | 15.62 | 16.13 | 16.40 | 16.91 | 17.18 |
| Fibonacci | 15.38 | 15.68 | 15.87 | 16.16 | 16.46 | 16.65 | 16.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.68 | 14.88 | 15.65 | 16.85 | 17.62 | 18.82 | 19.59 |
| Camarilla | 15.89 | 16.07 | 16.25 | 16.43 | 16.61 | 16.79 | 16.97 |
| Woodie | 13.48 | 14.77 | 15.45 | 16.74 | 17.42 | 18.71 | 19.39 |
| Fibonacci | 14.88 | 15.63 | 16.09 | 16.85 | 17.60 | 18.06 | 18.82 |
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): | 43.78 | |
| MACD (12,26,9): | -0.4000 | |
| Directional Movement: | -10.37 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 15.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.70 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 16.82 | |
| Zig ZAG (10): | 16.16 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 21.29 | |
| TEMA (21): | 15.71 | |
| Williams %R (14): | -59.05 | |
| Chande Momentum Oscillator (20): | -0.49 | |
| Repulse (5,40,3): | 1.6600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 15.62 |
| MA7: | 15.93 | |
| MA20: | 16.60 | |
| MA50: | 17.05 | |
| MA100: | 17.57 | |
| MAexp7: | 15.97 | |
| MAexp20: | 16.39 | |
| MAexp50: | 16.95 | |
| MAexp100: | 17.53 | |
| Price / MA7: | +1.44% | |
| Price / MA20: | -2.65% | |
| Price / MA50: | -5.22% | |
| Price / MA100: | -8.03% | |
| Price / MAexp7: | +1.19% | |
| Price / MAexp20: | -1.40% | |
| Price / MAexp50: | -4.66% | |
| Price / MAexp100: | -7.82% |
News
Don"t forget to follow the news on MANCHESTER UNITED. At the time of publication of this analysis, the latest news was as follows:
- Manchester United PLC Reports Fourth Quarter and Full Year Fiscal 2019 Results; Provides Fiscal 2020 Outlook
- Manchester United plc Announces Fourth Quarter and Full Year Fiscal 2019 Earnings Report Date
-
Manchester United takes on racists social media
-
Real Madrid overtakes Manchester United as world’s most valuable football club
-
Manchester United suffer first domestic defeat under Solskjaer
This member declared not having a position on this financial instrument or a related financial instrument.
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