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ASSOCIATED BRITISH FOODS ORD 5 15/22P
ASSOCIATED BRITISH FOODS ORD 5 15/22P
- GBX (-)
- 15 min delayed data - London Stock Exchange
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ABF
ISIN: GB0006731235

ASSOCIATED BRITISH FOODS ORD 5 15/22P - Daily - Technical analysis published on 10/07/2019 (GMT)

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  • 10/07/2019 - 13:50
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  • Timeframe : Daily
  • - Analysis generated on 10/07/2019 - 13:49
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 2,178 GBX
My targets
2,128 GBX (-1.71%)
2,039 GBX (-5.82%)
My analysis
ASSOCIATED BRITISH FOODS ORD 5 15/22P 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 2,178 GBX. The next support located at 2,128 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 2,039 GBX. Below this support, sellers could then target 1,680 GBX. 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
7.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

ASSOCIATED BRITISH FOODS ORD 5 15/22P rating 2,165 GBX. The price is lower by -1.81% since the last closing and was traded between 2,164 GBX and 2,218 GBX over the period. The price is currently at +0.05% from its lowest and -2.39% from its highest.

2,164
2,218
2,165

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-22.5-15-7.507.5January 1st3 years1 year6 months1 month5 daysToday
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this ASSOCIATED BRITISH FOODS ORD 5 15/22P chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

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



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily


Support of triangle 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


S3S2S1PriceR1R2R3
ProTrendLines 1,680 2,039 2,128 2,165 2,178 2,230 2,356
Change (%) -22.40% -5.82% -1.71% - +0.60% +3.00% +8.82%
Change -485 -126 -37 - +13 +65 +191
Level Minor Major Minor - Major Major 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
Standard2,1522,1662,1862,2002,2202,2342,254
Camarilla2,1962,1992,2022,2052,2082,2112,214
Woodie2,1542,1682,1882,2022,2222,2362,256
Fibonacci2,1662,1792,1872,2002,2132,2212,234


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,9422,0422,1232,2232,3042,4042,485
Camarilla2,1552,1722,1882,2052,2222,2382,255
Woodie1,9342,0372,1152,2182,2962,3992,477
Fibonacci2,0422,1112,1542,2232,2922,3352,404


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,0352,1272,2152,3072,3952,4872,575
Camarilla2,2542,2702,2872,3032,3202,3362,353
Woodie2,0332,1262,2132,3062,3932,4862,573
Fibonacci2,1272,1962,2382,3072,3762,4182,487

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Sell12
Moving averages
Created with Raphaël 2.3.0Sell26

RSI (14): 34.00
MACD (12,26,9): -30.0000
Directional Movement: -16
AROON (14): -50
DEMA (21): 2,233
Parabolic SAR (0,02-0,02-0,2): 2,331
Elder Ray (13): -57
Super Trend (3,10): 2,330
Zig ZAG (10): 2,168
VORTEX (21): 1.0000
Stochastique (14,3,5): 23.00
TEMA (21): 2,216
Williams %R (14): -87.00
Chande Momentum Oscillator (20): -120
Repulse (5,40,3): -4.0000
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 7.00
MA7: 2,233
MA20: 2,278
MA50: 2,311
MA100: 2,375
MAexp7: 2,221
MAexp20: 2,266
MAexp50: 2,306
MAexp100: 2,340
Price / MA7: -3.05%
Price / MA20: -4.96%
Price / MA50: -6.32%
Price / MA100: -8.84%
Price / MAexp7: -2.52%
Price / MAexp20: -4.46%
Price / MAexp50: -6.11%
Price / MAexp100: -7.48%

News


Don"t forget to follow the news on ASSOCIATED BRITISH FOODS ORD 5 15/22P. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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