BALFOUR BEATTY ORD 50P - Daily - Technical analysis published on 01/22/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
28%
22%
My opinion
Bullish above 254.4 GBX
My targets
270.4 GBX (+4.08%)
279.3 GBX (+7.51%)
My analysis
The basic bullish trend is very strong on BALFOUR BEATTY ORD 50P but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 254.4 GBX. Crossing the first resistance at 270.4 GBX would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 279.3 GBX as an objective. Crossing it would then enable buyers to target 295.1 GBX. Caution, a return to below 254.4 GBX would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
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 BALFOUR BEATTY ORD 50P price is 259.8 GBX. On the day, this instrument gained -0.84% and was traded between 257.0 GBX and 260.2 GBX over the period. The price is currently at +1.09% from its lowest and -0.15% from its highest.257.0
260.2
259.8
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BALFOUR BEATTY ORD 50P in Daily shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by 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 does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 223.5 | 238.9 | 254.4 | 259.8 | 263.5 | 270.4 | 279.3 |
| Change (%) | -13.97% | -8.04% | -2.08% | - | +1.42% | +4.08% | +7.51% |
| Change | -36.3 | -20.9 | -5.4 | - | +3.7 | +10.6 | +19.5 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Minor |
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 | 258.2 | 259.4 | 260.6 | 261.8 | 263.0 | 264.2 | 265.4 |
| Camarilla | 261.1 | 261.4 | 261.6 | 261.8 | 262.0 | 262.2 | 262.5 |
| Woodie | 258.2 | 259.4 | 260.6 | 261.8 | 263.0 | 264.2 | 265.4 |
| Fibonacci | 259.4 | 260.3 | 260.9 | 261.8 | 262.7 | 263.3 | 264.2 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 239.8 | 245.4 | 253.2 | 258.8 | 266.6 | 272.2 | 280.0 |
| Camarilla | 257.3 | 258.5 | 259.8 | 261.0 | 262.2 | 263.5 | 264.7 |
| Woodie | 240.9 | 246.0 | 254.3 | 259.4 | 267.7 | 272.8 | 281.1 |
| Fibonacci | 245.4 | 250.5 | 253.7 | 258.8 | 263.9 | 267.1 | 272.2 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.6 | 193.0 | 227.8 | 250.2 | 285.0 | 307.4 | 342.2 |
| Camarilla | 246.9 | 252.1 | 257.4 | 262.6 | 267.8 | 273.1 | 278.3 |
| Woodie | 176.8 | 196.1 | 234.0 | 253.3 | 291.2 | 310.5 | 348.4 |
| Fibonacci | 193.0 | 214.9 | 228.4 | 250.2 | 272.1 | 285.6 | 307.4 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.20 | |
| MACD (12,26,9): | 4.4000 | |
| Directional Movement: | 18.3 | |
| AROON (14): | -42.9 | |
| DEMA (21): | 265.6 | |
| Parabolic SAR (0,02-0,02-0,2): | 251.0 | |
| Elder Ray (13): | 2.7 | |
| Super Trend (3,10): | 245.8 | |
| Zig ZAG (10): | 262.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 53.20 | |
| TEMA (21): | 263.7 | |
| Williams %R (14): | -36.80 | |
| Chande Momentum Oscillator (20): | -6.0 | |
| Repulse (5,40,3): | -2.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4000 | |
| Courbe Coppock: | 3.60 |
| MA7: | 261.5 | |
| MA20: | 262.6 | |
| MA50: | 244.1 | |
| MA100: | 233.9 | |
| MAexp7: | 261.3 | |
| MAexp20: | 258.7 | |
| MAexp50: | 248.4 | |
| MAexp100: | 240.7 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -1.07% | |
| Price / MA50: | +6.43% | |
| Price / MA100: | +11.07% | |
| Price / MAexp7: | -0.57% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +4.59% | |
| Price / MAexp100: | +7.94% |
News
The latest news and videos published on BALFOUR BEATTY ORD 50P at the time of the analysis were as follows:
- BPM Real Estate Group Selects Howard S. Wright, a Balfour Beatty Company, to Deliver Landmark Block 216 Project
- Balfour Beatty Awarded $203 Million Contract by North Carolina Department of Transportation for U.S. 70 Improvement Project
- Balfour Beatty Awarded $167 Million Contract by North Carolina Department of Transportation to Construct U.S. 70 Havelock Bypass
- Balfour Beatty to Standardize Procore Across All U.S. Projects
- Balfour Beatty Bridges to Prosperity Team Celebrates Completion of 430-foot Suspended Footbridge Project in Bolivia
This member declared not having a position on this financial instrument or a related financial instrument.
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