ELEMENTIS ORD 5P - Daily - Technical analysis published on 02/04/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 140.2 GBX
My targets
118.3 GBX (-9.53%)
106.0 GBX (-18.96%)
My analysis
The bearish trend is currently very strong for ELEMENTIS ORD 5P. As long as the price remains below the resistance at 140.2 GBX, you could try to take advantage of the bearish rally. The first bearish objective is located at 118.3 GBX. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 106.0 GBX as an objective. Crossing it would then enable sellers to target 23.6 GBX. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
7.3
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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 ELEMENTIS ORD 5P rating is 130.8 GBX. On the day, this instrument lost +2.27% with the lowest point at 129.4 GBX and the highest point at 133.9 GBX. The deviation from the price is +1.08% for the low point and -2.32% for the high point.129.4
133.9
130.8
Here is a more detailed summary of the historical variations registered by ELEMENTIS ORD 5P:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ELEMENTIS ORD 5P in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
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 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.6 | 106.0 | 129.8 | 130.8 | 144.3 | 166.0 | 180.4 |
| Change (%) | -81.96% | -18.96% | -0.76% | - | +10.32% | +26.91% | +37.92% |
| Change | -107.2 | -24.8 | -1.0 | - | +13.5 | +35.2 | +49.6 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.7 | 126.2 | 128.0 | 131.5 | 133.3 | 136.8 | 138.6 |
| Camarilla | 128.3 | 128.8 | 129.3 | 129.8 | 130.3 | 130.8 | 131.3 |
| Woodie | 121.9 | 125.8 | 127.2 | 131.1 | 132.5 | 136.4 | 137.8 |
| Fibonacci | 126.2 | 128.2 | 129.5 | 131.5 | 133.5 | 134.8 | 136.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.3 | 125.1 | 129.5 | 136.3 | 140.7 | 147.5 | 151.9 |
| Camarilla | 130.9 | 132.0 | 133.0 | 134.0 | 135.0 | 136.1 | 137.1 |
| Woodie | 117.2 | 124.5 | 128.4 | 135.7 | 139.6 | 146.9 | 150.8 |
| Fibonacci | 125.1 | 129.4 | 132.0 | 136.3 | 140.6 | 143.2 | 147.5 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.2 | 149.4 | 164.6 | 173.8 | 189.0 | 198.2 | 213.4 |
| Camarilla | 173.1 | 175.3 | 177.6 | 179.8 | 182.0 | 184.3 | 186.5 |
| Woodie | 143.2 | 150.9 | 167.6 | 175.3 | 192.0 | 199.7 | 216.4 |
| Fibonacci | 149.4 | 158.7 | 164.5 | 173.8 | 183.1 | 188.9 | 198.2 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 24.20 | |
| MACD (12,26,9): | -10.5000 | |
| Directional Movement: | -21.5 | |
| AROON (14): | -100.0 | |
| DEMA (21): | 129.7 | |
| Parabolic SAR (0,02-0,02-0,2): | 140.3 | |
| Elder Ray (13): | -6.9 | |
| Super Trend (3,10): | 147.8 | |
| Zig ZAG (10): | 127.9 | |
| VORTEX (21): | 0.7000 | |
| Stochastique (14,3,5): | 3.20 | |
| TEMA (21): | 123.3 | |
| Williams %R (14): | -98.60 | |
| Chande Momentum Oscillator (20): | -14.8 | |
| Repulse (5,40,3): | -11.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9000 | |
| Courbe Coppock: | 37.20 |
| MA7: | 131.1 | |
| MA20: | 145.2 | |
| MA50: | 161.4 | |
| MA100: | 157.9 | |
| MAexp7: | 131.8 | |
| MAexp20: | 142.9 | |
| MAexp50: | 154.0 | |
| MAexp100: | 156.1 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -9.92% | |
| Price / MA50: | -18.96% | |
| Price / MA100: | -17.16% | |
| Price / MAexp7: | -0.76% | |
| Price / MAexp20: | -8.47% | |
| Price / MAexp50: | -15.06% | |
| Price / MAexp100: | -16.21% |
News
The last news published on ELEMENTIS ORD 5P at the time of the generation of this analysis was as follows:
- ELEMENTIS PLC - Director Declaration
- ELEMENTIS PLC - Holding(s) in Company
- ELEMENTIS PLC - Holding(s) in Company
- ELEMENTIS PLC - Directorate Change
- ELEMENTIS PLC - Appointment of joint corporate broker
This member declared not having a position on this financial instrument or a related financial instrument.
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