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CONVATEC GRP. ORD 10P
CONVATEC GRP. ORD 10P
- GBX (-)
- 15 min delayed data - London Stock Exchange
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: CTEC
ISIN: GB00BD3VFW73

CONVATEC GRP. ORD 10P - Daily - Technical analysis published on 10/11/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 173.67 GBX
My targets
186.11 GBX (+0.85%)
239.00 GBX (+29.50%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CONVATEC GRP. ORD 10P as long as the price remains well above 173.67 GBX. The buyers” bullish objective is set at 186.11 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 239.00 GBX. If there is any crossing, the next objective would be the resistance located at 284.35 GBX. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The CONVATEC GRP. ORD 10P rating is 184.55 GBX. The price has increased by +1.85% since the last closing and was traded between 178.25 GBX and 185.20 GBX over the period. The price is currently at +3.53% from its lowest and -0.35% from its highest.

178.25
185.20
184.55

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this CONVATEC GRP. ORD 10P chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Support of triangle 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


S3S2S1PriceR1R2R3
ProTrendLines 138.09 147.68 173.67 184.55 186.11 239.00 284.35
Change (%) -25.17% -19.98% -5.90% - +0.85% +29.50% +54.08%
Change -46.46 -36.87 -10.88 - +1.56 +54.45 +99.80
Level Minor Major Intermediate - Major Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard171.90174.20177.70180.00183.50185.80189.30
Camarilla179.61180.14180.67181.20181.73182.26182.80
Woodie172.50174.50178.30180.30184.10186.10189.90
Fibonacci174.20176.42177.78180.00182.22183.58185.80


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard163.22167.53170.77175.08178.32182.63185.87
Camarilla171.92172.62173.31174.00174.69175.38176.08
Woodie162.68167.26170.23174.81177.78182.36185.33
Fibonacci167.53170.42172.20175.08177.97179.75182.63


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard163.42167.73171.47175.78179.52183.83187.57
Camarilla172.99173.72174.46175.20175.94176.68177.41
Woodie163.13167.59171.18175.64179.23183.69187.28
Fibonacci167.73170.81172.71175.78178.86180.76183.83

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): 64.13
MACD (12,26,9): 1.3800
Directional Movement: 12.27
AROON (14): 42.86
DEMA (21): 179.22
Parabolic SAR (0,02-0,02-0,2): 172.06
Elder Ray (13): 3.51
Super Trend (3,10): 170.39
Zig ZAG (10): 185.15
VORTEX (21): 1.0500
Stochastique (14,3,5): 87.39
TEMA (21): 178.20
Williams %R (14): -0.94
Chande Momentum Oscillator (20): 4.30
Repulse (5,40,3): 4.2800
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 1.91
MA7: 177.70
MA20: 177.12
MA50: 178.04
MA100: 161.88
MAexp7: 179.08
MAexp20: 177.52
MAexp50: 173.40
MAexp100: 165.74
Price / MA7: +3.85%
Price / MA20: +4.19%
Price / MA50: +3.66%
Price / MA100: +14.00%
Price / MAexp7: +3.05%
Price / MAexp20: +3.96%
Price / MAexp50: +6.43%
Price / MAexp100: +11.35%

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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