BP USD 0.25 - Daily - Technical analysis published on 10/14/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 495.07 GBX
My targets
439.75 GBX (-10.95%)
415.70 GBX (-15.82%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BP 0.25 as long as the price remains well below 495.07 GBX. The sellers” bearish objective is set at 439.75 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 415.70 GBX. In case of crossing, the next objective would be the support located at 375.25 GBX. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.8
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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 BP 0.25 rating is 493.80 GBX. The price has increased by +0.05% since the last closing and was traded between 491.90 GBX and 496.45 GBX over the period. The price is currently at +0.39% from its lowest and -0.53% from its highest.491.90
496.45
493.80
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BP 0.25 indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being 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, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. 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 under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 375.25 | 415.70 | 439.75 | 493.80 | 495.07 | 522.18 | 558.77 |
| Change (%) | -24.01% | -15.82% | -10.95% | - | +0.26% | +5.75% | +13.16% |
| Change | -118.55 | -78.10 | -54.05 | - | +1.27 | +28.38 | +64.97 |
| Level | Major | Minor | Intermediate | - | 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 | 473.10 | 481.65 | 487.60 | 496.15 | 502.10 | 510.65 | 516.60 |
| Camarilla | 489.56 | 490.89 | 492.22 | 493.55 | 494.88 | 496.21 | 497.54 |
| Woodie | 471.80 | 481.00 | 486.30 | 495.50 | 500.80 | 510.00 | 515.30 |
| Fibonacci | 481.65 | 487.19 | 490.61 | 496.15 | 501.69 | 505.11 | 510.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 466.70 | 478.45 | 486.00 | 497.75 | 505.30 | 517.05 | 524.60 |
| Camarilla | 488.24 | 490.01 | 491.78 | 493.55 | 495.32 | 497.09 | 498.86 |
| Woodie | 464.60 | 477.40 | 483.90 | 496.70 | 503.20 | 516.00 | 522.50 |
| Fibonacci | 478.45 | 485.82 | 490.38 | 497.75 | 505.12 | 509.68 | 517.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 462.32 | 479.73 | 497.77 | 515.18 | 533.22 | 550.63 | 568.67 |
| Camarilla | 506.05 | 509.30 | 512.55 | 515.80 | 519.05 | 522.30 | 525.55 |
| Woodie | 462.63 | 479.89 | 498.08 | 515.34 | 533.53 | 550.79 | 568.98 |
| Fibonacci | 479.73 | 493.28 | 501.64 | 515.18 | 528.73 | 537.09 | 550.63 |
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): | 42.16 | |
| MACD (12,26,9): | -3.3800 | |
| Directional Movement: | -8.92 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 499.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 482.44 | |
| Elder Ray (13): | -7.24 | |
| Super Trend (3,10): | 519.46 | |
| Zig ZAG (10): | 493.35 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 38.44 | |
| TEMA (21): | 497.38 | |
| Williams %R (14): | -68.28 | |
| Chande Momentum Oscillator (20): | -20.95 | |
| Repulse (5,40,3): | -2.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 6.89 |
| MA7: | 499.17 | |
| MA20: | 507.17 | |
| MA50: | 503.73 | |
| MA100: | 518.11 | |
| MAexp7: | 498.56 | |
| MAexp20: | 503.35 | |
| MAexp50: | 507.93 | |
| MAexp100: | 513.67 | |
| Price / MA7: | -1.08% | |
| Price / MA20: | -2.64% | |
| Price / MA50: | -1.97% | |
| Price / MA100: | -4.69% | |
| Price / MAexp7: | -0.95% | |
| Price / MAexp20: | -1.90% | |
| Price / MAexp50: | -2.78% | |
| Price / MAexp100: | -3.87% |
This member declared not having a position on this financial instrument or a related financial instrument.
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