IMI ORD 28 4/7P - Daily - Technical analysis published on 01/20/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 1,155.5 GBX
My targets
1,206.5 GBX (+2.38%)
1,242.0 GBX (+5.39%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IMI ORD 28 4/7P as long as the price remains well above 1,155.5 GBX. The buyers” bullish objective is set at 1,206.5 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,242.0 GBX. If there is any crossing, the next objective would be the resistance located at 1,319.0 GBX. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.1
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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 IMI ORD 28 4/7P price is 1,178.5 GBX. On the day, this instrument gained +0.00% and was traded between 1,178.0 GBX and 1,192.5 GBX over the period. The price is currently at +0.04% from its lowest and -1.17% from its highest.1,178.0
1,192.5
1,178.5
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this IMI ORD 28 4/7P chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,068.3 | 1,119.4 | 1,155.5 | 1,178.5 | 1,180.0 | 1,206.5 | 1,242.0 |
| Change (%) | -9.35% | -5.01% | -1.95% | - | +0.13% | +2.38% | +5.39% |
| Change | -110.2 | -59.1 | -23.0 | - | +1.5 | +28.0 | +63.5 |
| Level | Intermediate | Major | Major | - | Major | Major | Minor |
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 | 1,154.2 | 1,161.8 | 1,169.7 | 1,177.3 | 1,185.2 | 1,192.8 | 1,200.7 |
| Camarilla | 1,173.2 | 1,174.7 | 1,176.1 | 1,177.5 | 1,178.9 | 1,180.3 | 1,181.8 |
| Woodie | 1,154.3 | 1,161.9 | 1,169.8 | 1,177.4 | 1,185.3 | 1,192.9 | 1,200.8 |
| Fibonacci | 1,161.8 | 1,167.8 | 1,171.4 | 1,177.3 | 1,183.3 | 1,186.9 | 1,192.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,129.2 | 1,146.8 | 1,164.2 | 1,181.8 | 1,199.2 | 1,216.8 | 1,234.2 |
| Camarilla | 1,171.9 | 1,175.1 | 1,178.3 | 1,181.5 | 1,184.7 | 1,187.9 | 1,191.1 |
| Woodie | 1,129.0 | 1,146.8 | 1,164.0 | 1,181.8 | 1,199.0 | 1,216.8 | 1,234.0 |
| Fibonacci | 1,146.8 | 1,160.2 | 1,168.5 | 1,181.8 | 1,195.2 | 1,203.5 | 1,216.8 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 991.8 | 1,043.7 | 1,110.8 | 1,162.7 | 1,229.8 | 1,281.7 | 1,348.8 |
| Camarilla | 1,145.3 | 1,156.2 | 1,167.1 | 1,178.0 | 1,188.9 | 1,199.8 | 1,210.7 |
| Woodie | 999.5 | 1,047.5 | 1,118.5 | 1,166.5 | 1,237.5 | 1,285.5 | 1,356.5 |
| Fibonacci | 1,043.7 | 1,089.1 | 1,117.2 | 1,162.7 | 1,208.1 | 1,236.2 | 1,281.7 |
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): | 53.10 | |
| MACD (12,26,9): | 8.5000 | |
| Directional Movement: | 9.0 | |
| AROON (14): | -57.2 | |
| DEMA (21): | 1,185.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,187.9 | |
| Elder Ray (13): | -2.7 | |
| Super Trend (3,10): | 1,130.2 | |
| Zig ZAG (10): | 1,171.5 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 45.90 | |
| TEMA (21): | 1,172.8 | |
| Williams %R (14): | -58.20 | |
| Chande Momentum Oscillator (20): | -25.0 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 3.10 |
| MA7: | 1,167.9 | |
| MA20: | 1,182.4 | |
| MA50: | 1,143.4 | |
| MA100: | 1,064.0 | |
| MAexp7: | 1,172.3 | |
| MAexp20: | 1,170.1 | |
| MAexp50: | 1,136.1 | |
| MAexp100: | 1,090.7 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | +3.07% | |
| Price / MA100: | +10.76% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +0.72% | |
| Price / MAexp50: | +3.73% | |
| Price / MAexp100: | +8.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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