DRAX GRP. ORD 11 16/29P - Daily - Technical analysis published on 07/16/2020 (GMT)
- 384
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 243.7 GBX
My targets
270.6 GBX (+7.21%)
296.8 GBX (+17.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DRAX GRP. ORD 11 16/29P as long as the price remains well above 243.7 GBX. The buyers” bullish objective is set at 270.6 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 296.8 GBX. If there is any crossing, the next objective would be the resistance located at 313.6 GBX. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DRAX GRP. ORD 11 16/29P price is 252.4 GBX. The price registered a decrease of -2.40% on the session and was between 251.2 GBX and 258.8 GBX. This implies that the price is at +0.48% from its lowest and at -2.47% from its highest.251.2
258.8
252.4
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
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:
Technical
Technical analysis of this Daily chart of DRAX GRP. ORD 11 16/29P indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 149.2 | 221.4 | 251.0 | 252.4 | 270.6 | 296.8 | 313.6 |
| Change (%) | -40.89% | -12.28% | -0.55% | - | +7.21% | +17.59% | +24.25% |
| Change | -103.2 | -31.0 | -1.4 | - | +18.2 | +44.4 | +61.2 |
| Level | Minor | Major | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 239.5 | 244.7 | 252.3 | 257.5 | 265.1 | 270.3 | 277.9 |
| Camarilla | 256.5 | 257.7 | 258.8 | 260.0 | 261.2 | 262.4 | 263.5 |
| Woodie | 240.8 | 245.3 | 253.6 | 258.1 | 266.4 | 270.9 | 279.2 |
| Fibonacci | 244.7 | 249.6 | 252.6 | 257.5 | 262.4 | 265.4 | 270.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 200.0 | 214.0 | 242.0 | 256.0 | 284.0 | 298.0 | 326.0 |
| Camarilla | 258.5 | 262.3 | 266.2 | 270.0 | 273.9 | 277.7 | 281.6 |
| Woodie | 207.0 | 217.5 | 249.0 | 259.5 | 291.0 | 301.5 | 333.0 |
| Fibonacci | 214.0 | 230.0 | 240.0 | 256.0 | 272.0 | 282.0 | 298.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 155.1 | 180.1 | 218.7 | 243.7 | 282.3 | 307.3 | 345.9 |
| Camarilla | 239.7 | 245.5 | 251.4 | 257.2 | 263.0 | 268.9 | 274.7 |
| Woodie | 161.8 | 183.5 | 225.4 | 247.1 | 289.0 | 310.7 | 352.6 |
| Fibonacci | 180.1 | 204.4 | 219.4 | 243.7 | 268.0 | 283.0 | 307.3 |
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): | 63.90 | |
| MACD (12,26,9): | 11.1000 | |
| Directional Movement: | 13.1 | |
| AROON (14): | 42.9 | |
| DEMA (21): | 263.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 281.2 | |
| Elder Ray (13): | 6.7 | |
| Super Trend (3,10): | 231.1 | |
| Zig ZAG (10): | 264.2 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 62.10 | |
| TEMA (21): | 266.3 | |
| Williams %R (14): | -29.20 | |
| Chande Momentum Oscillator (20): | 38.2 | |
| Repulse (5,40,3): | 3.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7000 | |
| Courbe Coppock: | 27.20 |
| MA7: | 261.9 | |
| MA20: | 246.9 | |
| MA50: | 225.6 | |
| MA100: | 214.9 | |
| MAexp7: | 259.2 | |
| MAexp20: | 248.6 | |
| MAexp50: | 233.1 | |
| MAexp100: | 231.8 | |
| Price / MA7: | -3.63% | |
| Price / MA20: | +2.23% | |
| Price / MA50: | +11.88% | |
| Price / MA100: | +17.45% | |
| Price / MAexp7: | -2.62% | |
| Price / MAexp20: | +1.53% | |
| Price / MAexp50: | +8.28% | |
| Price / MAexp100: | +8.89% |
Quotes :
2020-07-15 00:00:00
-
End-of-day data
-
London Stock Exchange
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis DRAX GRP. ORD 11 16/29P - Daily