FRESNILLO ORD USD0.50
FRESNILLO ORD USD0.50
- GBX (-)
- 15 min delayed data - London Stock Exchange
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: FRES
ISIN: GB00B2QPKJ12

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

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.

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 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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard594.0603.8611.4621.2628.8638.6646.2
Camarilla614.2615.8617.4619.0620.6622.2623.8
Woodie592.9603.3610.3620.7627.7638.1645.1
Fibonacci603.8610.5614.6621.2627.9632.0638.6


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard575.7595.5628.3648.1680.9700.7733.5
Camarilla646.5651.4656.2661.0665.8670.6675.5
Woodie582.1598.8634.7651.4687.3704.0739.9
Fibonacci595.5615.6628.0648.1668.2680.6700.7


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard468.5504.7574.1610.3679.7715.9785.3
Camarilla614.4624.0633.7643.4653.1662.8672.4
Woodie485.0513.0590.6618.6696.2724.2801.8
Fibonacci504.7545.1570.0610.3650.7675.6715.9

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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