TESCO PLC LS-.0633333 - Daily - Technical analysis published on 09/15/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 2.88 EUR
My targets
2.65 EUR (-4.68%)
2.41 EUR (-13.31%)
My analysis
TESCO PLC LS-.0633333 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.88 EUR. The next support located at 2.65 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.41 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by Londinia.
Additional analysis
Quotes
TESCO PLC LS-.0633333 rating 2.78 EUR. On the day, this instrument lost -2.80% and was traded between 2.78 EUR and 2.79 EUR over the period. The price is currently at 0% from its lowest and -0.36% from its highest.2.78
2.79
2.78
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TESCO PLC LS-.0633333 chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. The Central Indicators scanner found this result concerning these indicators:
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 2.78 | 2.88 | 3.20 | 3.41 |
| Change (%) | - | +3.60% | +15.11% | +22.66% |
| Change | - | +0.10 | +0.42 | +0.63 |
| Level | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.79 | 2.83 | 2.84 | 2.88 | 2.89 | 2.93 | 2.94 |
| Camarilla | 2.85 | 2.85 | 2.86 | 2.86 | 2.87 | 2.87 | 2.87 |
| Woodie | 2.79 | 2.82 | 2.84 | 2.87 | 2.89 | 2.92 | 2.94 |
| Fibonacci | 2.83 | 2.85 | 2.86 | 2.88 | 2.90 | 2.91 | 2.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.51 | 2.65 | 2.73 | 2.87 | 2.95 | 3.09 | 3.17 |
| Camarilla | 2.75 | 2.77 | 2.79 | 2.81 | 2.83 | 2.85 | 2.87 |
| Woodie | 2.48 | 2.64 | 2.70 | 2.86 | 2.92 | 3.08 | 3.14 |
| Fibonacci | 2.65 | 2.73 | 2.79 | 2.87 | 2.95 | 3.01 | 3.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.41 | 2.65 | 2.77 | 3.01 | 3.13 | 3.37 | 3.49 |
| Camarilla | 2.79 | 2.82 | 2.86 | 2.89 | 2.92 | 2.96 | 2.99 |
| Woodie | 2.35 | 2.62 | 2.71 | 2.98 | 3.07 | 3.34 | 3.43 |
| Fibonacci | 2.65 | 2.79 | 2.87 | 3.01 | 3.15 | 3.23 | 3.37 |
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): | 36.92 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -12.32 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 2.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.96 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 2.98 | |
| Zig ZAG (10): | 2.78 | |
| VORTEX (21): | 0.6300 | |
| Stochastique (14,3,5): | 25.75 | |
| TEMA (21): | 2.80 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.23 | |
| Repulse (5,40,3): | -1.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 16.32 |
| MA7: | 2.87 | |
| MA20: | 2.98 | |
| MA50: | 3.06 | |
| MA100: | 3.08 | |
| MAexp7: | 2.86 | |
| MAexp20: | 2.95 | |
| MAexp50: | 3.02 | |
| MAexp100: | 3.08 | |
| Price / MA7: | -3.14% | |
| Price / MA20: | -6.71% | |
| Price / MA50: | -9.15% | |
| Price / MA100: | -9.74% | |
| Price / MAexp7: | -2.80% | |
| Price / MAexp20: | -5.76% | |
| Price / MAexp50: | -7.95% | |
| Price / MAexp100: | -9.74% |
Quotes :
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15 min delayed data
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Germany Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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