SPIRAX GRP. ORD 26 12/13P - Daily - Technical analysis published on 11/12/2019 (GMT)
- 304
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 8,180 GBX
My targets
8,697 GBX (+5.42%)
9,090 GBX (+10.18%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SPIRAX-SARCO ENGINEERING ORD 26 12/13P as long as the price remains well above 8,180 GBX. The buyers” bullish objective is set at 8,697 GBX. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9,090 GBX. If there is any crossing, the next objective would be the resistance located at 9,400 GBX.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.4
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SPIRAX-SARCO ENGINEERING ORD 26 12/13P rating is 8,250 GBX. On the day, this instrument lost -0.60% with the lowest point at 8,205 GBX and the highest point at 8,365 GBX. The deviation from the price is +0.55% for the low point and -1.37% for the high point.8,205
8,365
8,250
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SPIRAX-SARCO ENGINEERING ORD 26 12/13P:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SPIRAX-SARCO ENGINEERING ORD 26 12/13P in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
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 | 7,345 | 7,691 | 8,180 | 8,250 | 8,697 | 9,090 | 9,400 |
| Change (%) | -10.97% | -6.78% | -0.85% | - | +5.42% | +10.18% | +13.94% |
| Change | -905 | -559 | -70 | - | +447 | +840 | +1,150 |
| 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 | 8,078 | 8,177 | 8,238 | 8,337 | 8,398 | 8,497 | 8,558 |
| Camarilla | 8,256 | 8,271 | 8,285 | 8,300 | 8,315 | 8,329 | 8,344 |
| Woodie | 8,060 | 8,168 | 8,220 | 8,328 | 8,380 | 8,488 | 8,540 |
| Fibonacci | 8,177 | 8,238 | 8,276 | 8,337 | 8,398 | 8,436 | 8,497 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,783 | 7,947 | 8,193 | 8,357 | 8,603 | 8,767 | 9,013 |
| Camarilla | 8,327 | 8,365 | 8,402 | 8,440 | 8,478 | 8,515 | 8,553 |
| Woodie | 7,825 | 7,968 | 8,235 | 8,378 | 8,645 | 8,788 | 9,055 |
| Fibonacci | 7,947 | 8,103 | 8,200 | 8,357 | 8,513 | 8,610 | 8,767 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,503 | 6,862 | 7,393 | 7,752 | 8,283 | 8,642 | 9,173 |
| Camarilla | 7,680 | 7,762 | 7,843 | 7,925 | 8,007 | 8,088 | 8,170 |
| Woodie | 6,590 | 6,905 | 7,480 | 7,795 | 8,370 | 8,685 | 9,260 |
| Fibonacci | 6,862 | 7,202 | 7,412 | 7,752 | 8,092 | 8,302 | 8,642 |
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): | 62.00 | |
| MACD (12,26,9): | 180.0000 | |
| Directional Movement: | 11 | |
| AROON (14): | 79 | |
| DEMA (21): | 8,228 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,907 | |
| Elder Ray (13): | 147 | |
| Super Trend (3,10): | 7,920 | |
| Zig ZAG (10): | 8,245 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 83.00 | |
| TEMA (21): | 8,416 | |
| Williams %R (14): | -26.00 | |
| Chande Momentum Oscillator (20): | 650 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 21.00 |
| MA7: | 8,329 | |
| MA20: | 7,893 | |
| MA50: | 7,848 | |
| MA100: | 8,180 | |
| MAexp7: | 8,258 | |
| MAexp20: | 8,032 | |
| MAexp50: | 7,944 | |
| MAexp100: | 7,975 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | +4.52% | |
| Price / MA50: | +5.12% | |
| Price / MA100: | +0.86% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | +2.71% | |
| Price / MAexp50: | +3.85% | |
| Price / MAexp100: | +3.45% |
News
The last news published on SPIRAX-SARCO ENGINEERING ORD 26 12/13P at the time of the generation of this analysis was as follows:
- SPIRAX SARCO SHOWCASES ENERGY EFFICIENT PHARMACEUTICAL STEAM PRODUCTS AT ISPE 2019 ANNUAL MEETING & EXPO
- Spirax Sarco introduces new compact heat exchanger
- Clean Steam is Crucial to Product Quality in Food and Beverage Manufacturing
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SPIRAX GRP. ORD 26 12/13P - Daily