LEGAL & GENERAL GRP. ORD 2 1/2P - Daily - Technical analysis published on 10/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 266.4 GBX
My targets
276.7 GBX (+1.69%)
293.8 GBX (+7.98%)
My analysis
LEGAL & GENERAL GRP. ORD 2 1/2P is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 266.4 GBX. The next resistance located at 276.7 GBX is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 293.8 GBX. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8
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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 LEGAL & GENERAL GRP. ORD 2 1/2P price is 272.1 GBX. The price registered a decrease of -0.84% on the session and was traded between 271.9 GBX and 276.6 GBX over the period. The price is currently at +0.07% from its lowest and -1.63% from its highest.271.9
276.6
272.1
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of LEGAL & GENERAL GRP. ORD 2 1/2P indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 249.5 | 255.4 | 266.4 | 272.1 | 276.7 | 293.8 |
| Change (%) | -8.31% | -6.14% | -2.09% | - | +1.69% | +7.98% |
| Change | -22.6 | -16.7 | -5.7 | - | +4.6 | +21.7 |
| Level | Major | Major | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 263.8 | 268.3 | 271.4 | 275.9 | 279.0 | 283.5 | 286.6 |
| Camarilla | 272.3 | 273.0 | 273.7 | 274.4 | 275.1 | 275.8 | 276.5 |
| Woodie | 263.0 | 268.0 | 270.6 | 275.6 | 278.2 | 283.2 | 285.8 |
| Fibonacci | 268.3 | 271.2 | 273.0 | 275.9 | 278.8 | 280.6 | 283.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 237.0 | 245.4 | 260.4 | 268.8 | 283.8 | 292.2 | 307.2 |
| Camarilla | 269.0 | 271.1 | 273.3 | 275.4 | 277.5 | 279.7 | 281.8 |
| Woodie | 240.3 | 247.1 | 263.7 | 270.5 | 287.1 | 293.9 | 310.5 |
| Fibonacci | 245.4 | 254.3 | 259.9 | 268.8 | 277.7 | 283.3 | 292.2 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 188.7 | 203.7 | 226.1 | 241.1 | 263.5 | 278.5 | 300.9 |
| Camarilla | 238.1 | 241.5 | 245.0 | 248.4 | 251.8 | 255.3 | 258.7 |
| Woodie | 192.3 | 205.6 | 229.7 | 243.0 | 267.1 | 280.4 | 304.5 |
| Fibonacci | 203.7 | 218.0 | 226.9 | 241.1 | 255.4 | 264.3 | 278.5 |
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): | 68.30 | |
| MACD (12,26,9): | 8.7000 | |
| Directional Movement: | 25.1 | |
| AROON (14): | 85.8 | |
| DEMA (21): | 266.8 | |
| Parabolic SAR (0,02-0,02-0,2): | 248.2 | |
| Elder Ray (13): | 12.6 | |
| Super Trend (3,10): | 252.1 | |
| Zig ZAG (10): | 272.4 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 88.90 | |
| TEMA (21): | 273.3 | |
| Williams %R (14): | -17.00 | |
| Chande Momentum Oscillator (20): | 34.4 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 21.40 |
| MA7: | 270.3 | |
| MA20: | 252.2 | |
| MA50: | 240.8 | |
| MA100: | 250.2 | |
| MAexp7: | 268.4 | |
| MAexp20: | 256.8 | |
| MAexp50: | 249.4 | |
| MAexp100: | 249.2 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +7.89% | |
| Price / MA50: | +13.00% | |
| Price / MA100: | +8.75% | |
| Price / MAexp7: | +1.38% | |
| Price / MAexp20: | +5.96% | |
| Price / MAexp50: | +9.10% | |
| Price / MAexp100: | +9.19% |
This member declared not having a position on this financial instrument or a related financial instrument.
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