DIRECT LINE INSURANCE GRP. 10 10/11P - Daily - Technical analysis published on 09/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 311.0 GBX
My targets
292.6 GBX (-2.21%)
279.9 GBX (-6.45%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DIRECT LINE INSURANCE GRP. 10 10/11P. As long as you are under the resistance located at 311.0 GBX, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 292.6 GBX would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 279.9 GBX as an objective. If the resistance 311.0 GBX were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
1.3
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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
The DIRECT LINE INSURANCE GRP. 10 10/11P rating is 299.2 GBX. The price registered an increase of +0.40% on the session and was between 297.2 GBX and 299.9 GBX. This implies that the price is at +0.67% from its lowest and at -0.23% from its highest.297.2
299.9
299.2
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DIRECT LINE INSURANCE GRP. 10 10/11P indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 279.9 | 292.6 | 299.2 | 311.0 | 325.9 | 344.3 |
| Change (%) | -6.45% | -2.21% | - | +3.94% | +8.92% | +15.07% |
| Change | -19.3 | -6.6 | - | +11.8 | +26.7 | +45.1 |
| Level | Major | Minor | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 288.6 | 290.9 | 294.5 | 296.8 | 300.4 | 302.7 | 306.3 |
| Camarilla | 296.4 | 296.9 | 297.5 | 298.0 | 298.5 | 299.1 | 299.6 |
| Woodie | 289.2 | 291.2 | 295.1 | 297.1 | 301.0 | 303.0 | 306.9 |
| Fibonacci | 290.9 | 293.2 | 294.6 | 296.8 | 299.1 | 300.5 | 302.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 280.5 | 287.8 | 294.3 | 301.6 | 308.1 | 315.4 | 321.9 |
| Camarilla | 297.1 | 298.4 | 299.6 | 300.9 | 302.2 | 303.4 | 304.7 |
| Woodie | 280.2 | 287.6 | 294.0 | 301.4 | 307.8 | 315.2 | 321.6 |
| Fibonacci | 287.8 | 293.0 | 296.3 | 301.6 | 306.8 | 310.1 | 315.4 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 238.4 | 260.7 | 271.9 | 294.2 | 305.4 | 327.7 | 338.9 |
| Camarilla | 273.9 | 277.0 | 280.0 | 283.1 | 286.2 | 289.2 | 292.3 |
| Woodie | 232.9 | 257.9 | 266.4 | 291.4 | 299.9 | 324.9 | 333.3 |
| Fibonacci | 260.7 | 273.5 | 281.4 | 294.2 | 307.0 | 314.9 | 327.7 |
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): | 52.80 | |
| MACD (12,26,9): | 0.8000 | |
| Directional Movement: | 5.7 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 296.9 | |
| Parabolic SAR (0,02-0,02-0,2): | 307.3 | |
| Elder Ray (13): | 1.1 | |
| Super Trend (3,10): | 286.5 | |
| Zig ZAG (10): | 299.4 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 54.00 | |
| TEMA (21): | 300.9 | |
| Williams %R (14): | -37.80 | |
| Chande Momentum Oscillator (20): | 2.5 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 9.10 |
| MA7: | 299.5 | |
| MA20: | 294.0 | |
| MA50: | 299.5 | |
| MA100: | 309.0 | |
| MAexp7: | 298.2 | |
| MAexp20: | 296.7 | |
| MAexp50: | 300.2 | |
| MAexp100: | 305.7 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | +1.77% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | -3.17% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.84% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -2.13% |
This member declared not having a position on this financial instrument or a related financial instrument.
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