PENNON GRP. ORD 61 1/20P - Daily - Technical analysis published on 09/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 793.9 GBX
My targets
840.5 GBX (+3.77%)
897.2 GBX (+10.77%)
My analysis
The bullish trend is currently very strong on PENNON GRP. ORD 40.7P. As long as the price remains above the support at 793.9 GBX, you could try to benefit from the boom. The first bullish objective is located at 840.5 GBX. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 897.2 GBX as an objective. Crossing it would then enable buyers to target 945.0 GBX. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
9.1
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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 PENNON GRP. ORD 40.7P price is 810.0 GBX. The price registered a decrease of -0.03% on the session with the lowest point at 808.2 GBX and the highest point at 814.2 GBX. The deviation from the price is +0.22% for the low point and -0.52% for the high point.808.2
814.2
810.0
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PENNON GRP. ORD 40.7P chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 732.8 | 772.0 | 793.9 | 810.0 | 840.5 | 897.2 | 945.0 |
| Change (%) | -9.53% | -4.69% | -1.99% | - | +3.77% | +10.77% | +16.67% |
| Change | -77.2 | -38.0 | -16.1 | - | +30.5 | +87.2 | +135.0 |
| Level | Major | Intermediate | Major | - | Minor | Minor | Major |
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 | 770.9 | 775.1 | 783.7 | 787.9 | 796.5 | 800.7 | 809.3 |
| Camarilla | 788.7 | 789.9 | 791.0 | 792.2 | 793.4 | 794.6 | 795.7 |
| Woodie | 773.0 | 776.2 | 785.8 | 789.0 | 798.6 | 801.8 | 811.4 |
| Fibonacci | 775.1 | 780.0 | 783.0 | 787.9 | 792.8 | 795.8 | 800.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 714.1 | 731.5 | 755.7 | 773.1 | 797.3 | 814.7 | 838.9 |
| Camarilla | 768.6 | 772.4 | 776.2 | 780.0 | 783.8 | 787.6 | 791.4 |
| Woodie | 717.6 | 733.2 | 759.2 | 774.8 | 800.8 | 816.4 | 842.4 |
| Fibonacci | 731.5 | 747.4 | 757.2 | 773.1 | 789.0 | 798.8 | 814.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 643.5 | 669.3 | 712.3 | 738.1 | 781.1 | 806.9 | 849.9 |
| Camarilla | 736.3 | 742.6 | 748.9 | 755.2 | 761.5 | 767.8 | 774.1 |
| Woodie | 652.0 | 673.6 | 720.8 | 742.4 | 789.6 | 811.2 | 858.4 |
| Fibonacci | 669.3 | 695.6 | 711.9 | 738.1 | 764.4 | 780.7 | 806.9 |
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): | 73.40 | |
| MACD (12,26,9): | 16.0000 | |
| Directional Movement: | 20.5 | |
| AROON (14): | 92.9 | |
| DEMA (21): | 788.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 754.7 | |
| Elder Ray (13): | 20.5 | |
| Super Trend (3,10): | 747.9 | |
| Zig ZAG (10): | 810.2 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 93.90 | |
| TEMA (21): | 796.0 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 65.4 | |
| Repulse (5,40,3): | 6.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 9.80 |
| MA7: | 785.7 | |
| MA20: | 766.8 | |
| MA50: | 739.1 | |
| MA100: | 726.1 | |
| MAexp7: | 787.1 | |
| MAexp20: | 768.4 | |
| MAexp50: | 748.0 | |
| MAexp100: | 734.9 | |
| Price / MA7: | +3.09% | |
| Price / MA20: | +5.63% | |
| Price / MA50: | +9.59% | |
| Price / MA100: | +11.55% | |
| Price / MAexp7: | +2.91% | |
| Price / MAexp20: | +5.41% | |
| Price / MAexp50: | +8.29% | |
| Price / MAexp100: | +10.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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