WEIR GRP. ORD 12.5P - Daily - Technical analysis published on 10/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 1,382.3 GBX
My targets
1,320.0 GBX (-3.26%)
1,246.4 GBX (-8.66%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on WEIR GRP. ORD 12.5P as long as the price remains well below 1,382.3 GBX. The next bearish objective for sellers is set at 1,320.0 GBX. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 1,246.4 GBX. If there is any crossing, the next objective would be the support located at 992.0 GBX. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
3.2
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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 WEIR GRP. ORD 12.5P price is 1,364.5 GBX. The price registered an increase of +1.04% on the session and was traded between 1,339.0 GBX and 1,397.0 GBX over the period. The price is currently at +1.90% from its lowest and -2.33% from its highest.1,339.0
1,397.0
1,364.5
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by WEIR GRP. ORD 12.5P:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of WEIR GRP. ORD 12.5P in Daily shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
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 | 992.0 | 1,246.4 | 1,320.0 | 1,364.5 | 1,382.3 | 1,573.1 | 1,650.0 |
| Change (%) | -27.30% | -8.66% | -3.26% | - | +1.30% | +15.29% | +20.92% |
| Change | -372.5 | -118.1 | -44.5 | - | +17.8 | +208.6 | +285.5 |
| Level | Minor | Major | Major | - | Major | Intermediate | 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 | 1,263.8 | 1,307.2 | 1,328.8 | 1,372.2 | 1,393.8 | 1,437.2 | 1,458.8 |
| Camarilla | 1,332.6 | 1,338.6 | 1,344.5 | 1,350.5 | 1,356.5 | 1,362.4 | 1,368.4 |
| Woodie | 1,253.0 | 1,301.8 | 1,318.0 | 1,366.8 | 1,383.0 | 1,431.8 | 1,448.0 |
| Fibonacci | 1,307.2 | 1,332.0 | 1,347.3 | 1,372.2 | 1,397.0 | 1,412.3 | 1,437.2 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,273.8 | 1,312.7 | 1,338.3 | 1,377.2 | 1,402.8 | 1,441.7 | 1,467.3 |
| Camarilla | 1,346.3 | 1,352.2 | 1,358.1 | 1,364.0 | 1,369.9 | 1,375.8 | 1,381.7 |
| Woodie | 1,267.3 | 1,309.4 | 1,331.8 | 1,373.9 | 1,396.3 | 1,438.4 | 1,460.8 |
| Fibonacci | 1,312.7 | 1,337.3 | 1,352.5 | 1,377.2 | 1,401.8 | 1,417.0 | 1,441.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,086.4 | 1,234.0 | 1,320.9 | 1,468.6 | 1,555.5 | 1,703.2 | 1,790.1 |
| Camarilla | 1,343.3 | 1,364.9 | 1,386.4 | 1,407.9 | 1,429.4 | 1,450.9 | 1,472.4 |
| Woodie | 1,056.0 | 1,218.8 | 1,290.6 | 1,453.4 | 1,525.1 | 1,688.0 | 1,759.7 |
| Fibonacci | 1,234.0 | 1,323.6 | 1,379.0 | 1,468.6 | 1,558.2 | 1,613.5 | 1,703.2 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.70 | |
| MACD (12,26,9): | -12.4000 | |
| Directional Movement: | -3.2 | |
| AROON (14): | 57.1 | |
| DEMA (21): | 1,361.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,330.3 | |
| Elder Ray (13): | -4.9 | |
| Super Trend (3,10): | 1,433.4 | |
| Zig ZAG (10): | 1,365.0 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 67.50 | |
| TEMA (21): | 1,357.9 | |
| Williams %R (14): | -40.30 | |
| Chande Momentum Oscillator (20): | 35.2 | |
| Repulse (5,40,3): | -2.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 3.30 |
| MA7: | 1,378.1 | |
| MA20: | 1,363.0 | |
| MA50: | 1,398.3 | |
| MA100: | 1,430.4 | |
| MAexp7: | 1,371.3 | |
| MAexp20: | 1,378.9 | |
| MAexp50: | 1,401.4 | |
| MAexp100: | 1,428.7 | |
| Price / MA7: | -0.99% | |
| Price / MA20: | +0.11% | |
| Price / MA50: | -2.42% | |
| Price / MA100: | -4.61% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -1.04% | |
| Price / MAexp50: | -2.63% | |
| Price / MAexp100: | -4.49% |
News
The latest news and videos published on WEIR GRP. ORD 12.5P at the time of the analysis were as follows:
- Weir Oil & Gas Introduces Industry’s First Continuous Duty 5000-Horsepower Pump Specifically Designed for Electric or Gas Turbine-Driven Applications
- Weir’s New SPM® EXL Frac Pump Has Highest Rod Load Rating in Its Class
- Global Weir Edge™ Services Offerings Expanded, Reducing Downtime and Total Cost of Ownership
- Weir Introduces Enhanced, Field-Proven Unitized™ Lock-Ring (ULR) Wellhead
- Weir Oil & Gas Introduces SPM® SafeEdge™ ARC for Remote Setting and Digital Control of Relief Valves
This member declared not having a position on this financial instrument or a related financial instrument.
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