BRITVIC ORD 20P - Daily - Technical analysis published on 08/12/2019 (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
17%
61%
22%
My opinion
Bearish under 869.0 GBX
My targets
821.5 GBX (-5.25%)
804.5 GBX (-7.21%)
My analysis
The bearish trend is currently very strong for BRITVIC ORD 20P. As long as the price remains below the resistance at 869.0 GBX, you could try to take advantage of the bearish rally. The first bearish objective is located at 821.5 GBX. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 804.5 GBX as an objective. Crossing it would then enable sellers to target 776.6 GBX. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
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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
BRITVIC ORD 20P rating 867.0 GBX. The price registered an increase of +0.06% on the session with the lowest point at 866.5 GBX and the highest point at 879.5 GBX. The deviation from the price is +0.06% for the low point and -1.42% for the high point.866.5
879.5
867.0
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BRITVIC ORD 20P in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 776.6 | 804.5 | 821.5 | 867.0 | 869.0 | 891.0 | 918.5 |
| Change (%) | -10.43% | -7.21% | -5.25% | - | +0.23% | +2.77% | +5.94% |
| Change | -90.4 | -62.5 | -45.5 | - | +2.0 | +24.0 | +51.5 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 846.5 | 856.5 | 861.5 | 871.5 | 876.5 | 886.5 | 891.5 |
| Camarilla | 862.4 | 863.8 | 865.1 | 866.5 | 867.9 | 869.3 | 870.6 |
| Woodie | 844.0 | 855.3 | 859.0 | 870.3 | 874.0 | 885.3 | 889.0 |
| Fibonacci | 856.5 | 862.2 | 865.8 | 871.5 | 877.2 | 880.8 | 886.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 810.2 | 835.8 | 851.2 | 876.8 | 892.2 | 917.8 | 933.2 |
| Camarilla | 855.2 | 859.0 | 862.7 | 866.5 | 870.3 | 874.0 | 877.8 |
| Woodie | 805.0 | 833.3 | 846.0 | 874.3 | 887.0 | 915.3 | 928.0 |
| Fibonacci | 835.8 | 851.5 | 861.2 | 876.8 | 892.5 | 902.2 | 917.8 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 795.0 | 823.0 | 870.0 | 898.0 | 945.0 | 973.0 | 1,020.0 |
| Camarilla | 896.4 | 903.3 | 910.1 | 917.0 | 923.9 | 930.8 | 937.6 |
| Woodie | 804.5 | 827.8 | 879.5 | 902.8 | 954.5 | 977.8 | 1,029.5 |
| Fibonacci | 823.0 | 851.7 | 869.4 | 898.0 | 926.7 | 944.4 | 973.0 |
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): | 39.60 | |
| MACD (12,26,9): | -5.7000 | |
| Directional Movement: | -9.4 | |
| AROON (14): | -42.9 | |
| DEMA (21): | 881.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 912.3 | |
| Elder Ray (13): | -10.5 | |
| Super Trend (3,10): | 919.6 | |
| Zig ZAG (10): | 867.0 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 12.90 | |
| TEMA (21): | 876.6 | |
| Williams %R (14): | -91.50 | |
| Chande Momentum Oscillator (20): | -30.0 | |
| Repulse (5,40,3): | -2.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.00 |
| MA7: | 875.4 | |
| MA20: | 889.5 | |
| MA50: | 893.2 | |
| MA100: | 904.8 | |
| MAexp7: | 876.6 | |
| MAexp20: | 887.0 | |
| MAexp50: | 892.9 | |
| MAexp100: | 892.2 | |
| Price / MA7: | -0.96% | |
| Price / MA20: | -2.53% | |
| Price / MA50: | -2.93% | |
| Price / MA100: | -4.18% | |
| Price / MAexp7: | -1.10% | |
| Price / MAexp20: | -2.25% | |
| Price / MAexp50: | -2.90% | |
| Price / MAexp100: | -2.82% |
News
Don"t forget to follow the news on BRITVIC ORD 20P. At the time of publication of this analysis, the latest news was as follows:
-
Britvic
-
What corporate news to watch on Wednesday: Greene King, Britvic and Sage Group
-
Britvic
-
AG Barr merger with Britvic falls flat
This member declared not having a position on this financial instrument or a related financial instrument.
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