DIAGEO

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	DGE
ISIN:	GB0002374006

DIAGEO - Daily - Technical analysis published on 11/10/2022 (GMT)

Londinia

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Timeframe : Daily
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DIAGEO Chart

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 43.0 EUR

My targets

39.7 EUR (-3.64%)

35.9 EUR (-12.86%)

My analysis

DIAGEO 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 43.0 EUR. The next support located at 39.7 EUR 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 35.9 EUR. Below this support, sellers could then target 31.2 EUR. 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

6.3

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.

Additional analysis

Quotes

The DIAGEO price is 41.2 EUR. On the day, this instrument lost -2.83% and was traded between 41.2 EUR and 41.8 EUR over the period. The price is currently at 0% from its lowest and -1.44% from its highest.

41.2

41.8

41.2

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of DIAGEO indicates that the overall trend is strongly bearish. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.2	35.9	39.7	41.2	41.8	43.0	44.2
Change (%)	-24.27%	-12.86%	-3.64%	-	+1.46%	+4.37%	+7.28%
Change	-10.0	-5.3	-1.5	-	+0.6	+1.8	+3.0
Level	Minor	Intermediate	Major	-	Minor	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.1	41.3	41.9	42.1	42.7	42.9	43.5
Camarilla	42.2	42.3	42.3	42.4	42.5	42.6	42.6
Woodie	41.2	41.4	42.0	42.2	42.8	43.0	43.6
Fibonacci	41.3	41.6	41.8	42.1	42.4	42.6	42.9

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.0	40.6	41.8	42.4	43.6	44.2	45.4
Camarilla	42.5	42.7	42.8	43.0	43.2	43.3	43.5
Woodie	40.3	40.8	42.1	42.6	43.9	44.4	45.7
Fibonacci	40.6	41.3	41.7	42.4	43.1	43.5	44.2

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.3	38.3	40.3	42.3	44.3	46.3	48.3
Camarilla	41.3	41.7	42.0	42.4	42.8	43.1	43.5
Woodie	36.4	38.3	40.4	42.3	44.4	46.3	48.4
Fibonacci	38.3	39.8	40.7	42.3	43.8	44.7	46.3

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):	42.80
MACD (12,26,9):	-0.3000
Directional Movement:	-8.0
AROON (14):	14.2
DEMA (21):	41.9
Parabolic SAR (0,02-0,02-0,2):	43.0
Elder Ray (13):	-0.6
Super Trend (3,10):	44.0
Zig ZAG (10):	41.2
VORTEX (21):	0.8000
Stochastique (14,3,5):	69.00
TEMA (21):	42.0
Williams %R (14):	-64.30
Chande Momentum Oscillator (20):	0.2
Repulse (5,40,3):	0.2000
ROCnROLL:	2
TRIX (15,9):	-0.1000
Courbe Coppock:	0.20

MA7:	42.3
MA20:	42.1
MA50:	43.2
MA100:	43.0
MAexp7:	42.1
MAexp20:	42.3
MAexp50:	42.8
MAexp100:	43.2
Price / MA7:	-2.60%
Price / MA20:	-2.14%
Price / MA50:	-4.63%
Price / MA100:	-4.19%
Price / MAexp7:	-2.14%
Price / MAexp20:	-2.60%
Price / MAexp50:	-3.74%
Price / MAexp100:	-4.63%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on DIAGEO. 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.

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