BERKELEY GP.HLD ORD 5.6110477936P - Daily - Technical analysis published on 10/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 4,321 GBX
My targets
4,570 GBX (+0.63%)
4,869 GBX (+7.23%)
My analysis
The bullish trend is currently very strong on BERKELEY GRP. HOLDINGS (THE) ORD SHS 5P. As long as the price remains above the support at 4,321 GBX, you could try to benefit from the boom. The first bullish objective is located at 4,570 GBX. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,869 GBX as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.4
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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
BERKELEY GRP. HOLDINGS (THE) ORD SHS 5P rating 4,541 GBX. On the day, this instrument gained +0.53% and was between 4,496 GBX and 4,560 GBX. This implies that the price is at +1.00% from its lowest and at -0.42% from its highest.4,496
4,560
4,541
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BERKELEY GRP. HOLDINGS (THE) ORD SHS 5P:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BERKELEY GRP. HOLDINGS (THE) ORD SHS 5P indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 3,981 | 4,185 | 4,321 | 4,541 |
| Change (%) | -12.33% | -7.84% | -4.84% | - |
| Change | -560 | -356 | -220 | - |
| Level | Major | Major | Intermediate | - |
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 | 4,350 | 4,426 | 4,471 | 4,547 | 4,592 | 4,668 | 4,713 |
| Camarilla | 4,484 | 4,495 | 4,506 | 4,517 | 4,528 | 4,539 | 4,550 |
| Woodie | 4,336 | 4,418 | 4,457 | 4,539 | 4,578 | 4,660 | 4,699 |
| Fibonacci | 4,426 | 4,472 | 4,500 | 4,547 | 4,593 | 4,621 | 4,668 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,935 | 4,091 | 4,309 | 4,465 | 4,683 | 4,839 | 5,057 |
| Camarilla | 4,425 | 4,459 | 4,494 | 4,528 | 4,562 | 4,597 | 4,631 |
| Woodie | 3,967 | 4,107 | 4,341 | 4,481 | 4,715 | 4,855 | 5,089 |
| Fibonacci | 4,091 | 4,234 | 4,322 | 4,465 | 4,608 | 4,696 | 4,839 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,384 | 3,580 | 3,879 | 4,075 | 4,374 | 4,570 | 4,869 |
| Camarilla | 4,043 | 4,088 | 4,134 | 4,179 | 4,224 | 4,270 | 4,315 |
| Woodie | 3,437 | 3,606 | 3,932 | 4,101 | 4,427 | 4,596 | 4,922 |
| Fibonacci | 3,580 | 3,769 | 3,886 | 4,075 | 4,264 | 4,381 | 4,570 |
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): | 73.00 | |
| MACD (12,26,9): | 131.0000 | |
| Directional Movement: | 24 | |
| AROON (14): | 57 | |
| DEMA (21): | 4,436 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,142 | |
| Elder Ray (13): | 175 | |
| Super Trend (3,10): | 4,139 | |
| Zig ZAG (10): | 4,541 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 87.00 | |
| TEMA (21): | 4,503 | |
| Williams %R (14): | -12.00 | |
| Chande Momentum Oscillator (20): | 497 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 17.00 |
| MA7: | 4,477 | |
| MA20: | 4,225 | |
| MA50: | 4,066 | |
| MA100: | 3,885 | |
| MAexp7: | 4,448 | |
| MAexp20: | 4,281 | |
| MAexp50: | 4,110 | |
| MAexp100: | 3,968 | |
| Price / MA7: | +1.43% | |
| Price / MA20: | +7.48% | |
| Price / MA50: | +11.68% | |
| Price / MA100: | +16.89% | |
| Price / MAexp7: | +2.09% | |
| Price / MAexp20: | +6.07% | |
| Price / MAexp50: | +10.49% | |
| Price / MAexp100: | +14.44% |
News
Don"t forget to follow the news on BERKELEY GRP. HOLDINGS (THE) ORD SHS 5P. At the time of publication of this analysis, the latest news was as follows:
-
Berkeley Energia rolling on with Salamanca mine construction after land acquisition
- University of California, Berkeley Places Order For Plasma Enhanced Atomic Layer Deposition (PEALD) System From Ultratech Cambridge Nanotech For Research Activities
-
Berkeley Energia's Paul Atherley presents at the Mining Capital Conference
-
What market data to trade on Friday: US non-farm payrolls, UK construction PMI and Berkeley Group
-
Berkeley Energia to come into production at an 'extremely exciting time'
This member declared not having a position on this financial instrument or a related financial instrument.
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