ANTOFAGASTA ORD 5P - Daily - Technical analysis published on 10/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 847.2 GBX
My targets
791.2 GBX (-6.08%)
727.2 GBX (-13.68%)
My analysis
ANTOFAGASTA ORD 5P 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 847.2 GBX. The next support located at 791.2 GBX 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 727.2 GBX. Below this support, sellers could then target 585.2 GBX.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.5
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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 ANTOFAGASTA ORD 5P price is 842.4 GBX. The price is lower by -0.31% since the last closing with the lowest point at 832.2 GBX and the highest point at 851.8 GBX. The deviation from the price is +1.23% for the low point and -1.10% for the high point.832.2
851.8
842.4
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ANTOFAGASTA ORD 5P in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 585.2 | 727.2 | 791.2 | 842.4 | 847.2 | 875.1 | 920.0 |
| Change (%) | -30.53% | -13.68% | -6.08% | - | +0.57% | +3.88% | +9.21% |
| Change | -257.2 | -115.2 | -51.2 | - | +4.8 | +32.7 | +77.6 |
| Level | Intermediate | Major | Major | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 811.3 | 818.1 | 831.5 | 838.3 | 851.7 | 858.5 | 871.9 |
| Camarilla | 839.5 | 841.3 | 843.2 | 845.0 | 846.9 | 848.7 | 850.6 |
| Woodie | 814.7 | 819.8 | 834.9 | 840.0 | 855.1 | 860.2 | 875.3 |
| Fibonacci | 818.1 | 825.8 | 830.6 | 838.3 | 846.0 | 850.8 | 858.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 693.5 | 752.7 | 791.1 | 850.3 | 888.7 | 947.9 | 986.3 |
| Camarilla | 802.6 | 811.5 | 820.5 | 829.4 | 838.4 | 847.3 | 856.2 |
| Woodie | 683.0 | 747.5 | 780.6 | 845.1 | 878.2 | 942.7 | 975.8 |
| Fibonacci | 752.7 | 790.0 | 813.1 | 850.3 | 887.6 | 910.7 | 947.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 674.0 | 744.2 | 821.6 | 891.8 | 969.2 | 1,039.4 | 1,116.8 |
| Camarilla | 858.4 | 871.9 | 885.5 | 899.0 | 912.5 | 926.1 | 939.6 |
| Woodie | 677.6 | 746.0 | 825.2 | 893.6 | 972.8 | 1,041.2 | 1,120.4 |
| Fibonacci | 744.2 | 800.6 | 835.4 | 891.8 | 948.2 | 983.0 | 1,039.4 |
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): | 42.70 | |
| MACD (12,26,9): | -8.8000 | |
| Directional Movement: | -11.8 | |
| AROON (14): | -78.6 | |
| DEMA (21): | 863.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 878.4 | |
| Elder Ray (13): | -21.8 | |
| Super Trend (3,10): | 905.0 | |
| Zig ZAG (10): | 842.4 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 19.40 | |
| TEMA (21): | 849.4 | |
| Williams %R (14): | -75.40 | |
| Chande Momentum Oscillator (20): | -65.0 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 15.30 |
| MA7: | 852.0 | |
| MA20: | 889.6 | |
| MA50: | 859.6 | |
| MA100: | 862.0 | |
| MAexp7: | 851.1 | |
| MAexp20: | 869.6 | |
| MAexp50: | 870.6 | |
| MAexp100: | 867.6 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | -5.31% | |
| Price / MA50: | -2.00% | |
| Price / MA100: | -2.27% | |
| Price / MAexp7: | -1.02% | |
| Price / MAexp20: | -3.13% | |
| Price / MAexp50: | -3.24% | |
| Price / MAexp100: | -2.90% |
News
The last news published on ANTOFAGASTA ORD 5P at the time of the generation of this analysis was as follows:
- Surge Exploration Enters Into MOU for an Option to Acquire Incahuasi Lithium Project in the Antofagasta Region of Chile
- Wealth Provides Corporate Update from Wealth Chile After Meeting with Authorities of the Antofagasta Regional Government
- Evrim commences drilling at Axe copper-gold project in British Columbia with partner Antofagasta
- Antofagasta Signs Definitive Agreement with Evrim for Ball Creek Project
-
This one trigger could see Antofagasta shares head towards a tenner
This member declared not having a position on this financial instrument or a related financial instrument.
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