DRAX GRP. ORD 11 16/29P - Daily - Technical analysis published on 01/14/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 313.6 GBX
My targets
277.4 GBX (-4.74%)
251.0 GBX (-13.80%)
My analysis
DRAX GRP. ORD 11 16/29P is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 313.6 GBX, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 277.4 GBX. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 251.0 GBX would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 221.4 GBX. Beware of a possible return to above the resistance located at 313.6 GBX which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
4.1
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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
DRAX GRP. ORD 11 16/29P rating 291.2 GBX. The price has increased by +0.48% since the last closing and was traded between 290.8 GBX and 297.6 GBX over the period. The price is currently at +0.14% from its lowest and -2.15% from its highest.290.8
297.6
291.2
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
Here is a more detailed summary of the historical variations registered by DRAX GRP. ORD 11 16/29P:
Technical
A technical analysis in Daily of this DRAX GRP. ORD 11 16/29P chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 221.4 | 251.0 | 277.4 | 291.2 | 313.6 | 334.2 | 357.5 |
| Change (%) | -23.97% | -13.80% | -4.74% | - | +7.69% | +14.77% | +22.77% |
| Change | -69.8 | -40.2 | -13.8 | - | +22.4 | +43.0 | +66.3 |
| Level | Major | Intermediate | Major | - | Major | Major | Intermediate |
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 | 279.1 | 287.5 | 292.3 | 300.7 | 305.5 | 313.9 | 318.7 |
| Camarilla | 293.6 | 294.8 | 296.0 | 297.2 | 298.4 | 299.6 | 300.8 |
| Woodie | 277.4 | 286.6 | 290.6 | 299.8 | 303.8 | 313.0 | 317.0 |
| Fibonacci | 287.5 | 292.5 | 295.6 | 300.7 | 305.7 | 308.8 | 313.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 290.7 | 298.3 | 303.9 | 311.5 | 317.1 | 324.7 | 330.3 |
| Camarilla | 305.8 | 307.0 | 308.2 | 309.4 | 310.6 | 311.8 | 313.0 |
| Woodie | 289.6 | 297.8 | 302.8 | 311.0 | 316.0 | 324.2 | 329.2 |
| Fibonacci | 298.3 | 303.4 | 306.5 | 311.5 | 316.6 | 319.7 | 324.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 172.3 | 221.1 | 267.1 | 315.9 | 361.9 | 410.7 | 456.7 |
| Camarilla | 287.1 | 295.8 | 304.5 | 313.2 | 321.9 | 330.6 | 339.3 |
| Woodie | 171.0 | 220.4 | 265.8 | 315.2 | 360.6 | 410.0 | 455.4 |
| Fibonacci | 221.1 | 257.3 | 279.7 | 315.9 | 352.1 | 374.5 | 410.7 |
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): | 36.20 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 2.0 | |
| AROON (14): | -92.9 | |
| DEMA (21): | 308.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 347.1 | |
| Elder Ray (13): | -9.4 | |
| Super Trend (3,10): | 289.0 | |
| Zig ZAG (10): | 289.8 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 3.80 | |
| TEMA (21): | 304.2 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -38.6 | |
| Repulse (5,40,3): | -10.8000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 8.80 |
| MA7: | 302.7 | |
| MA20: | 313.0 | |
| MA50: | 297.8 | |
| MA100: | 290.5 | |
| MAexp7: | 301.5 | |
| MAexp20: | 306.0 | |
| MAexp50: | 300.7 | |
| MAexp100: | 298.0 | |
| Price / MA7: | -3.80% | |
| Price / MA20: | -6.96% | |
| Price / MA50: | -2.22% | |
| Price / MA100: | +0.24% | |
| Price / MAexp7: | -3.42% | |
| Price / MAexp20: | -4.84% | |
| Price / MAexp50: | -3.16% | |
| Price / MAexp100: | -2.28% |
This member declared not having a position on this financial instrument or a related financial instrument.
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