CMC MARKETS ORD 25P - Daily - Technical analysis published on 11/29/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 241.3 GBX
My targets
224.5 GBX (-4.87%)
206.1 GBX (-12.67%)
My analysis
There is a bearish trend on CMC MARKETS ORD 25P both at the basic level and in the short term. A sale could be considered, so long as the price remains below 241.3 GBX. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 224.5 GBX. Then the price could move towards 206.1 GBX. Then 158.5 GBX by extension. Be careful, a return to above the resistance 241.3 GBX would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1
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This analysis was given by gioviforex. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CMC MARKETS ORD 25P price is 236.0 GBX. The price is lower by -1.26% since the last closing with the lowest point at 232.5 GBX and the highest point at 246.0 GBX. The deviation from the price is +1.51% for the low point and -4.07% for the high point.232.5
246.0
236.0
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CMC MARKETS ORD 25P in Daily shows an overall bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 158.5 | 206.1 | 224.5 | 236.0 | 241.3 | 253.2 | 267.9 |
| Change (%) | -32.84% | -12.67% | -4.87% | - | +2.25% | +7.29% | +13.52% |
| Change | -77.5 | -29.9 | -11.5 | - | +5.3 | +17.2 | +31.9 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | 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 | 216.8 | 224.7 | 230.3 | 238.2 | 243.8 | 251.7 | 257.3 |
| Camarilla | 232.3 | 233.5 | 234.8 | 236.0 | 237.2 | 238.5 | 239.7 |
| Woodie | 215.8 | 224.1 | 229.3 | 237.6 | 242.8 | 251.1 | 256.3 |
| Fibonacci | 224.7 | 229.8 | 233.0 | 238.2 | 243.3 | 246.5 | 251.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 213.5 | 221.0 | 230.0 | 237.5 | 246.5 | 254.0 | 263.0 |
| Camarilla | 234.5 | 236.0 | 237.5 | 239.0 | 240.5 | 242.0 | 243.5 |
| Woodie | 214.3 | 221.4 | 230.8 | 237.9 | 247.3 | 254.4 | 263.8 |
| Fibonacci | 221.0 | 227.3 | 231.2 | 237.5 | 243.8 | 247.7 | 254.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 167.5 | 186.5 | 216.0 | 235.0 | 264.5 | 283.5 | 313.0 |
| Camarilla | 232.2 | 236.6 | 241.1 | 245.5 | 250.0 | 254.4 | 258.8 |
| Woodie | 172.8 | 189.1 | 221.3 | 237.6 | 269.8 | 286.1 | 318.3 |
| Fibonacci | 186.5 | 205.0 | 216.5 | 235.0 | 253.5 | 265.0 | 283.5 |
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): | 46.40 | |
| MACD (12,26,9): | -0.6000 | |
| Directional Movement: | -0.4 | |
| AROON (14): | -42.8 | |
| DEMA (21): | 241.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 258.8 | |
| Elder Ray (13): | -0.8 | |
| Super Trend (3,10): | 226.2 | |
| Zig ZAG (10): | 236.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 20.60 | |
| TEMA (21): | 238.1 | |
| Williams %R (14): | -82.50 | |
| Chande Momentum Oscillator (20): | -25.0 | |
| Repulse (5,40,3): | -5.5000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 11.70 |
| MA7: | 234.8 | |
| MA20: | 245.5 | |
| MA50: | 234.2 | |
| MA100: | 243.4 | |
| MAexp7: | 237.7 | |
| MAexp20: | 240.7 | |
| MAexp50: | 239.2 | |
| MAexp100: | 240.9 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | -3.87% | |
| Price / MA50: | +0.77% | |
| Price / MA100: | -3.04% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -1.95% | |
| Price / MAexp50: | -1.34% | |
| Price / MAexp100: | -2.03% |
Quotes :
-
End-of-day data
-
London Stock Exchange
News
The latest news and videos published on CMC MARKETS ORD 25P at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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