VICTREX ORD 1P
VICTREX ORD 1P
- GBX (-)
- 15 min delayed data - London Stock Exchange
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: VCT
ISIN: GB0009292243

VICTREX ORD 1P - Daily - Technical analysis published on 02/05/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 2,300 GBX
My targets
2,187 GBX (-3.49%)
2,066 GBX (-8.83%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VICTREX ORD 1P as long as the price remains well below 2,300 GBX. The sellers” bearish objective is set at 2,187 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,066 GBX. In case of crossing, the next objective would be the support located at 1,948 GBX.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
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:
1H Weekly

Additional analysis

Quotes

VICTREX ORD 1P rating 2,266 GBX. The price registered a decrease of +1.71% on the session and was between 2,242 GBX and 2,282 GBX. This implies that the price is at +1.07% from its lowest and at -0.70% from its highest.

2,242
2,282
2,266

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of VICTREX ORD 1P 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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily



The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,948 2,066 2,187 2,266 2,300 2,392 2,466
Change (%) -14.03% -8.83% -3.49% - +1.50% +5.56% +8.83%
Change -318 -200 -79 - +34 +126 +200
Level Intermediate Minor Major - Major Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,1582,1902,2082,2402,2582,2902,308
Camarilla2,2122,2172,2212,2262,2312,2352,240
Woodie2,1512,1872,2012,2372,2512,2872,301
Fibonacci2,1902,2092,2212,2402,2592,2712,290


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,1692,2592,3092,3992,4492,5392,589
Camarilla2,3202,3322,3452,3582,3712,3842,397
Woodie2,1482,2492,2882,3892,4282,5292,568
Fibonacci2,2592,3132,3462,3992,4532,4862,539


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,0792,1792,3412,4412,6032,7032,865
Camarilla2,4302,4542,4782,5022,5262,5502,574
Woodie2,1092,1952,3712,4572,6332,7192,895
Fibonacci2,1792,2792,3412,4412,5412,6032,703

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): 26.00
MACD (12,26,9): -50.0000
Directional Movement: -18
AROON (14): -100
DEMA (21): 2,316
Parabolic SAR (0,02-0,02-0,2): 2,362
Elder Ray (13): -93
Super Trend (3,10): 2,428
Zig ZAG (10): 2,216
VORTEX (21): 1.0000
Stochastique (14,3,5): 9.00
TEMA (21): 2,256
Williams %R (14): -97.00
Chande Momentum Oscillator (20): -218
Repulse (5,40,3): -5.0000
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 14.00
MA7: 2,292
MA20: 2,401
MA50: 2,419
MA100: 2,307
MAexp7: 2,289
MAexp20: 2,367
MAexp50: 2,379
MAexp100: 2,323
Price / MA7: -1.13%
Price / MA20: -5.62%
Price / MA50: -6.32%
Price / MA100: -1.78%
Price / MAexp7: -1.00%
Price / MAexp20: -4.27%
Price / MAexp50: -4.75%
Price / MAexp100: -2.45%

News


Don"t forget to follow the news on VICTREX ORD 1P. 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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