FRESNILLO ORD USD0.50 - Daily - Technical analysis published on 01/16/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 679.7 GBX
My targets
590.6 GBX (-5.29%)
540.8 GBX (-13.28%)
My analysis
In a bearish trend, the price of FRESNILLO ORD USD0.50 tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 679.7 GBX. A bearish break in the support located at 590.6 GBX would revive the bearish momentum and fuel the basic trend. Then the price could move towards 540.8 GBX. Then 99.0 GBX by extension. It would be safer to wait for a bearish break in the support located at 590.6 GBX before allowing yourself to re trade short positions (for sale) on FRESNILLO ORD USD0.50. PS: if there is a bullish break in the resistance located at 679.7 GBX we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
1.1
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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
The FRESNILLO ORD USD0.50 rating is 623.6 GBX. The price registered an increase of +2.40% on the session and was between 607.4 GBX and 624.0 GBX. This implies that the price is at +2.67% from its lowest and at -0.06% from its highest.607.4
624.0
623.6
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 FRESNILLO ORD USD0.50 in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : Daily
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 | 99.0 | 540.8 | 590.6 | 623.6 | 735.6 | 767.2 | 852.8 |
| Change (%) | -84.12% | -13.28% | -5.29% | - | +17.96% | +23.03% | +36.75% |
| Change | -524.6 | -82.8 | -33.0 | - | +112.0 | +143.6 | +229.2 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 594.0 | 603.8 | 611.4 | 621.2 | 628.8 | 638.6 | 646.2 |
| Camarilla | 614.2 | 615.8 | 617.4 | 619.0 | 620.6 | 622.2 | 623.8 |
| Woodie | 592.9 | 603.3 | 610.3 | 620.7 | 627.7 | 638.1 | 645.1 |
| Fibonacci | 603.8 | 610.5 | 614.6 | 621.2 | 627.9 | 632.0 | 638.6 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 575.7 | 595.5 | 628.3 | 648.1 | 680.9 | 700.7 | 733.5 |
| Camarilla | 646.5 | 651.4 | 656.2 | 661.0 | 665.8 | 670.6 | 675.5 |
| Woodie | 582.1 | 598.8 | 634.7 | 651.4 | 687.3 | 704.0 | 739.9 |
| Fibonacci | 595.5 | 615.6 | 628.0 | 648.1 | 668.2 | 680.6 | 700.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 468.5 | 504.7 | 574.1 | 610.3 | 679.7 | 715.9 | 785.3 |
| Camarilla | 614.4 | 624.0 | 633.7 | 643.4 | 653.1 | 662.8 | 672.4 |
| Woodie | 485.0 | 513.0 | 590.6 | 618.6 | 696.2 | 724.2 | 801.8 |
| Fibonacci | 504.7 | 545.1 | 570.0 | 610.3 | 650.7 | 675.6 | 715.9 |
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): | 47.10 | |
| MACD (12,26,9): | 7.5000 | |
| Directional Movement: | -3.0 | |
| AROON (14): | 57.1 | |
| DEMA (21): | 628.4 | |
| Parabolic SAR (0,02-0,02-0,2): | 672.3 | |
| Elder Ray (13): | -17.4 | |
| Super Trend (3,10): | 604.1 | |
| Zig ZAG (10): | 609.0 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 42.00 | |
| TEMA (21): | 639.7 | |
| Williams %R (14): | -67.10 | |
| Chande Momentum Oscillator (20): | 8.4 | |
| Repulse (5,40,3): | -3.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 15.00 |
| MA7: | 633.2 | |
| MA20: | 616.1 | |
| MA50: | 614.1 | |
| MA100: | 653.4 | |
| MAexp7: | 625.2 | |
| MAexp20: | 619.3 | |
| MAexp50: | 622.1 | |
| MAexp100: | 651.8 | |
| Price / MA7: | -1.52% | |
| Price / MA20: | +1.22% | |
| Price / MA50: | +1.55% | |
| Price / MA100: | -4.56% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | -4.33% |
This member declared not having a position on this financial instrument or a related financial instrument.
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